Howmet Aerospace — Feb 13, 2025 release

We continue to employ a cautious view on underlying build rates in our guidance, assuming The Boeing Company produces approximately 25 737-MAX aircraft per month and 6 787 aircraft per month on average across 2025 and Airbus averages mid-50s per month on the A320 and approximately 6 per month on the A350. Free Cash Flow in 2025 is expected to exceed $1 billion with approximately 85% conversion of Net Income * , while investing in additional capital expenditures for growth.”                 * Excluding special items 3     Fourth Quarter and Full Year 2024 Segment Performance   Engine Products Q4 2023 FY 2023 Q3 2024 Q4 2024 FY 2024 (in U.S. dollar amounts)           Third-party sales $ 852 $3,266 $ 945 $ 972 $3,735 Inter-segment sales $ 1 $ 13 $ 3 $ 1 $7 Provision for depreciation and amortization $ 33 $ 130 $ 34 $ 39 $139 Segment Adjusted EBITDA $ 233 $ 887 $ 307 $ 302 $1,150 Segment Adjusted EBITDA Margin 27.3 % 27.2 % 32.5 % 31.1 % 30.8% Restructuring and other (credits) charges $ (1) $ (2) $ 1 $ 1 $1 Capital expenditures $ 28 $ 112 $ 55 $ 76 $219   Engine Products reported fourth quarter 2024 revenue of $972 million, an increase of 14% year over year, due to growth in the commercial aerospace, defense aerospace, oil & gas, and industrial gas turbine markets. Segment Adjusted EBITDA was $302 million, up 30% year over year, driven by growth in the co