Howmet Aerospace Inc. (NYSE:HWM) Q3 2024 Earnings Conference Call November 6, 2024 10:00 AM ET

Company Participants

Paul Luther - VP, IR
Ken Giacobbe - EVP and CFO
John Plant - Executive Chairman and CEO

Conference Call Participants

Sheila Kahyaoglu - Jefferies
Robert Stallard - Vertical Research Partners
Doug Harned - Bernstein
Scott Deuschle - Deutsche Bank
David Strauss - Barclays
Myles Walton - Wolfe Research
Seth Seifman - JPMorgan
Ronald Epstein - Bank of America
Gautam Khanna - TD Cowen

Operator

Good day and welcome to the Howmet Aerospace Third Quarter of 2024 Earnings Call. All participants will be in listen-only mode for the duration of the call. [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. Also, please be aware that today's call is being recorded.

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

Paul Luther

Thank you, Joe. Good morning and welcome to the Howmet Aerospace third 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.

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

John Plant

Thank you, PT, and welcome, everyone to the Howmet third quarter earnings call. Q3 was another strong quarter for the company. Year-over-year revenue growth was 11%, building on the 14% growth in the first half. Within this number, commercial aerospace growth was 17% continuing a strong trend, including engine spares growth. Other markets will be covered later in the call.