What Happened
Aerospace And Gas Turbine Demand Drive Revenue Growth
Howmet Aerospace reported second-quarter earnings that exceeded the high end of its guidance, driven by growth in commercial aerospace, gas turbines, and defense markets. Revenue rose 24% year over year, with adjusted EBITDA increasing 39%. The company also raised its full-year outlook for revenue, EBITDA, earnings per share, and free cash flow. According to the company’s Q2 earnings call highlights, as reported by Unknown Source.