HOWMET AEROSPACE INC. (HWM) FY2024 Annual P&L / Income Statement

HOWMET AEROSPACE INC. (HWM) FY2024 Annual P&L / Income Statement

Income statement for 2024-01-01 through 2024-12-31. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Sales (C)

7,430,000,000 US dollars

Cost of revenue (calculated)

5,119,000,000 US dollars

Gross profit (calculated)

2,311,000,000 US dollars

Operating expenses (calculated)

678,000,000 US dollars

Operating income

1,633,000,000 US dollars

Other income (expense), net (calculated)

negative 250,000,000 US dollars

Income before income taxes

1,383,000,000 US dollars

Provision for income taxes (H)

228,000,000 US dollars

Net income

1,155,000,000 US dollars

Engine Products - Aerospace - Commercial

2,091,000,000 US dollars

Engine Products - Aerospace - Defense

766,000,000 US dollars

Engine Products - Commercial Transportation

0 US dollars

Engine Products - Industrial and Other

878,000,000 US dollars

Fastening Systems - Aerospace - Commercial

1,006,000,000 US dollars

Fastening Systems - Aerospace - Defense

162,000,000 US dollars

Fastening Systems - Commercial Transportation

254,000,000 US dollars

Fastening Systems - Industrial and Other

154,000,000 US dollars

Forged Wheels - Aerospace - Commercial

0 US dollars

Forged Wheels - Aerospace - Defense

0 US dollars

Forged Wheels - Commercial Transportation

1,054,000,000 US dollars

Forged Wheels - Industrial and Other

0 US dollars

Engineered Structures - Aerospace - Commercial

774,000,000 US dollars

Engineered Structures - Aerospace - Defense

236,000,000 US dollars

Engineered Structures - Commercial Transportation

0 US dollars

Engineered Structures - Industrial and Other

55,000,000 US dollars

Cost of goods sold (exclusive of expenses below)

5,119,000,000 US dollars

Research and development expenses

33,000,000 US dollars

Restructuring and other charges (D)

21,000,000 US dollars

Provision for depreciation and amortization

277,000,000 US dollars

Selling, general administrative, and other expenses

347,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.