Howmet Aerospace — Nov 6, 2024 release

The Company repurchased $100 million of common stock in the third quarter 2024 and repurchased an additional $90 million in October 2024, bringing October year-to-date repurchases to $400 million. Subject to Board approval, we also expect to increase the common stock dividend by 25% in the first quarter 2025 to $0.10 per share.”   Third Quarter 2024 Segment Performance   Engine Products (in U.S. dollar millions)   Q3 2023     Q4 2023     Q1 2024     Q2 2024     Q3 2024   Third-party sales   $ 798     $ 852     $ 885     $ 933     $ 945   Inter-segment sales   $ 5     $ 1     $ 2     $ 1     $ 3   Provision for depreciation and amortization   $ 33     $ 33     $ 33     $ 33     $ 34   Segment Adjusted EBITDA   $ 219     $ 233     $ 249     $ 292     $ 307   Segment Adjusted EBITDA Margin     27.4 %     27.3 %     28.1 %     31.3 %     32.5 % Restructuring and other credits   $ —     $ (1 )   $ —     $ (1 )   $ 1   Capital expenditures   $ 30     $ 28     $ 55     $ 33     $ 55     Engine Products reported revenue of $945 million, an increase of 18% year over year, due to growth in the commercial aerospace, defense aerospace, industrial gas turbine and oil & gas markets. Segment Adjusted EBITDA was a record $307 million, up 40% year over year, driven by growth in the commercial aerospace, defense aerospace, industrial gas turbine and oil & gas markets. The Segment absorbed