Howmet Aerospace — Nov 6, 2024 release

Through the third quarter 2024, the Company has repurchased $310 million of common stock at an average price of $76.75 per share, retiring approximately 4 million shares. In October 2024, the Company repurchased an additional $90 million of common stock at an average price of $103.15 per share, retiring approximately 0.9 million shares. As of October 31, 2024, total share repurchase authorization available was $2,297 million.   Quarterly Common Stock Dividend of $0.08 Per Share   On September 25, 2024, the Board of Directors declared a dividend of $0.08 per share on the Company’s common stock, an increase of 60% from the second quarter 2024 dividend of $0.05 per share.   2024 Guidance     Q4 2024 Guidance   FY 2024 Guidance   Low Baseline High   Low Baseline High Revenue $1.850B $1.870B $1.890B   $7.390B $7.410B $7.430B Adj. EBITDA *1 $478M $488M $498M   $1.885B $1.895B $1.905B Adj. EBITDA Margin *1 25.8% 26.1% 26.3%   25.5% 25.6% 25.6% Adj. Earnings per Share *1 $0.70 $0.71 $0.72   $2.65 $2.66 $2.67 Free Cash Flow 1         $890M $920M $940M * Excluding Special Items   1 Reconciliations of the forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures, as well as the directly comparable GAAP measures, are not available without unreasonable efforts due to the variability and complexity of the charges and other components excluded from the non-GAAP measures, such as the effects of foreign currency movements, gains or losses on sales of assets, taxes, and any future restru