Why Howmet Aerospace Stock Is Flying Higher Today
Howmet Aerospace(HWM) The Motley Fool·2024-07-30 23:10
Howmet is a relatively new public company with a long history. The company is a manufacturer of components for aircraft and jet engines as well as aluminum wheels for heavy trucks. It was forged together by Alcoa 20 years ago, only to be spun out first as part of Arconic and then as Howmet. Investors are buying in, sending shares of Howmet up 14% as of 10:15 a.m. ET. The company earned $0.67 per share on revenue of $1.88 billion in the second quarter, topping Wall Street's $0.60 per share on sales of $1.84 ...