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HWMP.PFD (Howmet Aerospace) Tax Rate % : 6.21% (As of Sep. 2024)


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What is Howmet Aerospace Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Howmet Aerospace's Tax Expense for the three months ended in Sep. 2024 was $22.00 Mil. Howmet Aerospace's Pre-Tax Income for the three months ended in Sep. 2024 was $354.00 Mil. Therefore, Howmet Aerospace's Tax Rate % for the quarter that ended in Sep. 2024 was 6.21%.

Howmet Aerospace Tax Rate % Historical Data

The historical data trend for Howmet Aerospace's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Howmet Aerospace Tax Rate % Chart

Howmet Aerospace Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.00 -23.39 20.37 22.61 21.54

Howmet Aerospace Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.31 12.59 19.80 20.36 6.21

Howmet Aerospace Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Howmet Aerospace's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=210/975
=21.54 %

Howmet Aerospace's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=22/354
=6.21 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Howmet Aerospace Tax Rate % Related Terms

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Howmet Aerospace Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Howmet Aerospace Inc (AMEX:HWMp.PFD) » Definitions » Tax Rate %
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Traded in Other Exchanges
HWM:USA HWM:Mexico 0TCU:UK 48Z:Germany ARNC34:Brazil HWM:Austria HWM:Argentina
Address
201 Isabella Street, Suite 200, Pittsburgh, PA, USA, 15212-5872
Website
https://www.howmet.com
Howmet Aerospace Inc produces products that are majorly used in aerospace, commercial transportation, and industrial and other markets. The company seeks to provide its customers with solutions through offering differentiated products such as airfoils with cooling and coatings for extreme temperature applications, specially designed fasteners for lightweight composite airframe construction, reduced assembly costs, and lightning strike protection and lightweight aluminum commercial wheels. It has four reportable segments namely, Engine Products, Fastening Systems, Engineered Structures and Forged Wheels.