Howmet Aerospace: Can its Industrial Gas Turbine (IGT) Expansion Boost Revenue & Margins? 

Howmet Aerospace’s recent earnings highlighted both strengths and challenges for the fourth quarter and full year 2024. The company reported record revenues, EBITDA, and free cash flow, illustrating a robust financial performance. Earnings per share for the fourth quarter reached $0.74, marking a 40% increase from the previous year, and full-year EPS rose by 46% year-over-year to $2.69. This outperformance exceeded initial guidance by 25%. The company’s operating margin for the quarter was a notable 23%, with free cash flow setting a new record at $977 million.