HighGravityDataHowmet Aerospace — May 1, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-25-043005
Showing in the filing
Adj. EBITDA Margin - Baseline
“28.0%”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 20
Revenue for Q2 FY2025
“$1.980B” – “$2.000B”
Revenue - Baseline for Q2 FY2025
“$1.990B”
Revenue for FY2025
“$7.880B” – “$8.180B”
Revenue - Baseline for FY2025
“$8.030B”
Adj. EBITDA for Q2 FY2025
“$555M” – “$565M”
Adj. EBITDA - Baseline for Q2 FY2025
“$560M”
Adj. EBITDA for FY2025
“$2.225B” – “$2.275B”
Adj. EBITDA - Baseline for FY2025
“$2.250B”
Adj. EBITDA Margin for Q2 FY2025
“28.0%” – “28.3%”
Adj. EBITDA Margin - Baseline for FY2025
“28.0%”
Adj. EBITDA Margin for FY2025
“27.8%” – “28.2%”
Adj. Earnings per Share for FY2025
“$3.36” – “$3.44”
Adj. Earnings per Share - Baseline for FY2025
“$3.40”
Free Cash Flow for FY2025
“$1.100B” – “$1.200B”
Free Cash Flow - Baseline for FY2025
“$1.150B”
Quarterly Common Stock Dividend for FY2025
“$0.10 per share”
Quarterly dividend
“$0.10 per share”
Adj. Earnings per Share - Baseline for Q2 FY2025
“$0.86”
Adj. EBITDA Margin - Baseline for Q2 FY2025
“28.1%”
Adj. Earnings per Share for Q2 FY2025
“$0.85” – “$0.87”
Exhibit 99.1 · the passage around this item
… earlier in the release
EPS*, Free Cash Flow
First Quarter 2025 GAAP Financial Results
· Revenue of $1.94 billion, up 6% year over year, driven by Commercial Aerospace,
up 9%
· Operating Income Margin of 25.4%
· Net Income of $344 million versus $243 million in the first quarter 2024;
Earnings per Share of $0.84 versus $0.59 in the first quarter 2024
· Generated $253 million of Cash from Operations; $167 million of Cash used
for Financing Activities; and $115 million of Cash used for Investing Activities
· Share repurchases of $125 million; $0.10 per share common stock dividend,
up 100% year over year
First Quarter 2025 Adjusted Financial Results
· Adjusted EBITDA excluding special items of $560 million, up 28% year over
year
· Adjusted EBITDA margin excluding special items of 28.8%, up 480 basis points
year over year
· Adjusted Operating Income Margin excluding special items of 25.3%, up 500
basis points year over year
· Adjusted Earnings Per Share excluding special items of $0.86, up 51% year
over year
· Generated $134 million of free cash flow
2025 Guidance: Includes current assumptions of tariff impacts
Q2 2025 Guidance
FY 2025 Guidance
Low
Baseline
High
Low
Baseline
High
Revenue
$1.980B
$1.990B
$2.000B
$7.880B
$8.030B
$8.180B
Adj. EBITDA *1
$555M
$560M
$565M
$2.225B
$2.250B
$2.275B
Adj. EBITDA Margin *1
28.0%
28.1%
28.3%
28.2%
28.0%
27.8%
Adj. Earnings per Share *1
$0.85
$0.86
$0.87
$3.36
$3.40
$3.44
Free Cash Flow 1
$1.100B
$1.150B
$1.200B
* Excluding special items
1 Reconciliations of the forward-looking non-GAAP measures
to the most directly comparable GAAP 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 – for further
detail, see “2025 Guidance” below.
Key Announcements
· Repurchased
$125 million of common stock in first quarter 2025 at average price of $124.24 per share
· Repurchased
an additional $100 million of common stock in April 2025 at average price of $125.61 per share
· Paid
a quarterly dividend of $0.10 per share on the Company’s common stock in first quarter 2025, up 100% from first quarter 2024’s
$0.05 dividend per share
· Fitch
Ratings upgraded Howmet Aerospace’s Long-Term Issuer Default Rating from BBB to BBB+ on March 31, 2025
· Full Yea
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.