Aerospace Stocks Post Strong Q1 Results, Led by Howmet and Rocket Lab

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

Aerospace stocks delivered a very strong first quarter, with the 15 companies tracked beating revenue estimates by 1.9% on average and providing next-quarter guidance 5.6% above expectations. Howmet reported revenues of $2.31 billion, up 19.1% year on year and exceeding estimates by 3.2%, while adjusted EBITDA margin expanded 320 basis points to 32.0%. Rocket Lab posted the fastest revenue growth among peers at 63.5% to $200.3 million, beating estimates by 4.9% and raising guidance. Boeing's revenues rose 14% to $22.22 billion, surpassing expectations by 2.9%. Curtiss-Wright grew revenues 13.4% to $913.7 million, topping estimates by 5.1%. AerSale was the weakest performer, with revenues of $70.61 million missing estimates by 18.9%. Share prices of the group have risen 11.2% on average since the latest earnings results.

Impact on stocks 5

Aerospace & Aviation▲ · 4 stocks
Space Economy▲ · 1 stocks

Theme Impact 5

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