Howmet Aerospace Inc. and Westinghouse Air Brake Technologies Corporation: A Detailed Gross Profit Analysis

Comparing Profit Trends of Aerospace and Rail Giants

__timestampHowmet Aerospace Inc.Westinghouse Air Brake Technologies Corporation
Wednesday, January 1, 20142193000000913534000
Thursday, January 1, 201523090000001026153000
Friday, January 1, 20162588000000901541000
Sunday, January 1, 201726030000001040597000
Monday, January 1, 201826170000001211731000
Tuesday, January 1, 201929650000002077600000
Wednesday, January 1, 202013810000001898700000
Friday, January 1, 202113760000002135000000
Saturday, January 1, 202215600000002292000000
Sunday, January 1, 202318670000002944000000
Monday, January 1, 202423110000003366000000
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Cracking the code

A Tale of Two Giants: Howmet Aerospace Inc. vs. Westinghouse Air Brake Technologies Corporation

In the ever-evolving aerospace and transportation sectors, Howmet Aerospace Inc. and Westinghouse Air Brake Technologies Corporation have been pivotal players. From 2014 to 2023, these companies have showcased intriguing trends in their gross profits. Howmet Aerospace, known for its advanced engineering solutions, saw its gross profit peak in 2019, only to face a significant dip in 2020, dropping by over 50%. This decline coincided with global disruptions, but the company has since shown resilience, recovering to 87% of its 2019 peak by 2023.

Conversely, Westinghouse Air Brake Technologies, a leader in rail technology, demonstrated a steady upward trajectory, with a remarkable 223% increase in gross profit from 2014 to 2023. This growth underscores the company's strategic advancements and market adaptability. As these giants continue to innovate, their financial narratives offer valuable insights into industry dynamics.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025