Howmet Aerospace Inc. (NYSE:HWM) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET

Company Participants

Paul Luther - Vice President of Investor Relations
John Plant - Executive Chairman and Chief Executive Officer
Ken Giacobbe - Executive Vice President and Chief Financial Officer

Conference Call Participants

Douglas Harned - Bernstein
Kristine Liwag - Morgan Stanley
Seth Seifman - JPMorgan Chase & Co.
David Strauss - Barclays Bank PLC
Myles Walton - Wolfe Research, LLC
Sheila Kahyaoglu - Jefferies LLC
Scott Mikus - Melius Research LLC
Noah Poponak - Goldman Sachs Group, Inc.
Gautam Khanna - TD Cowen
Ronald Epstein - Bank of America Merrill Lynch

Operator

Good day, and welcome to the Howmet Aerospace Second Quarter of 2024 Earnings Call. Please note that today's event is being recorded and all participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] On today's call we ask that you please limit yourself to only one question during Q&A. Also, please be aware that today's call is being recorded.

I would like to now turn the call over to Paul Luther, Vice President of Investor Relations. Please go ahead.

Paul Luther

Thank you, Joe. Good morning, and welcome to the Howmet Aerospace second quarter 2024 results conference call. I'm joined by John Plant, Executive Chairman and Chief Executive Officer; and Ken Giacobbe, Executive Vice President and Chief Financial Officer. After comments by John and Ken, we will have a question-and-answer session.

I would like to remind you that today's discussion will contain forward-looking statements relating to future events and expectations. You can find factors that could cause the Company's actual results to differ materially from these projections listed in today's presentation and earnings press release and in our most recent SEC filings.

In today's presentation references to EBITDA, operating income and EPS mean adjusted EBITDA, excluding special items, adjusted operating income, excluding special items and adjusted EPS, excluding special items. These measures are among the non-GAAP financial measures that we've included in our discussion. Reconciliations to the most directly comparable GAAP financial measures can be found in today's press release and in the appendix in today's presentation.

With that, I'd like to turn the call over to John.

John Plant

Thank you, PT, and welcome, everyone to the Howmet's second quarter earnings call. Q2 is a strong quarter for the company with metrics exceeding both guidance and prior year results. Year-over-year revenue growth was 14%, building on the 14% growth in the first quarter. Within this number, commercial aerospace growth was an outstanding 27% continuing a strong trend. Other revenue markets will be covered later in the call.