Howmet Aerospace Inc. Watchdog Report ™ HWM (NYSE) | CIK:4281 | United States | SEC llings The new model for duciary analysis Sep 17, 2021 Jan 1, 2020 Jan 1, 2016 RECENT PERIOD HISTORICAL PERIOD Key Facts 10-Q led on Aug 4, 2021 for period ending Jun 2021 Business address: Pittsburgh, Pennsylvania, United States Reporting Irregularities RECENT HISTORICAL Industry: Primary Aluminum Production (NAICS 331312) Financial Restatements SEC ler status: Large Accelerated Filer as of Jun 2021 Index member: S&P 500, Russell 1000 Revisions
Market Cap: $13.5b as of Sep 16, 2021 Out of Period Adjustments Annual revenue: $5.26b as of Dec 31, 2020 Late Filings
Corporate Governance Impairments
CEO: John Plant since 2019 Changes in Accounting Estimates
CFO: Ken Giacobbe since 2016 Disclosure Controls 1st level
Internal Controls Board Chairman: John Plant since 2017 Critical / Key Audit Matters Audit Committee Chair: NOT AVAILABLE 2nd level Anomalies in the Numbers RECENT HISTORICAL Auditor: PricewaterhouseCoopers LLP since 1950 Benford's Law Outside Counsel (most recent): Lathrop GPM LLP Proskauer Rose LLP Beneish M-Score 3rd level Accounting Disclosure Complexity
SEC Reviewer: (unknown) Securities & Exchange Commission Concerns 4th level RECENT HISTORICAL SEC Oversight
SEC Letters to Management
Revenue Recognition
Non-GAAP Measures Litigation & External Pressures RECENT HISTORICAL Signi cant Litigation
Securities Class Actions
Shareholder Activism
Watchdog Research, Inc., offers both individual and group subscriptions, Cybersecurity data feeds and/or custom company reports to our subscribers. Management Review Subscribe: We have delivered 300,000 public company reports to over RECENT HISTORICAL 27,000 individuals, from over 9,000 investment rms and to 4,000+ public CEO Changes company corporate board members. CFO Changes
How to analyze this company's Watchdog Insider Sales Report? Skip to the last page Pledged Securities
Information in this report is effective Sep 17, 2021 and is taken from the Mergers & Acquisitions company's public nancial and regulatory lings. Latest ling 10-Q led Sales of Assets 08/04/2021. Over 75 accounting and data analysts scrutinize and review crucial information, footnotes, disclosures, etc., from these lings. Material Auditor Assessment facts are captured and processed using our proprietary methods which RECENT HISTORICAL identify key risk factors our readers need to know. Each Watchdog Report Auditor Changes represents 30 or more hours of analysis and processing. Auditor Experience
Accounting and nancial disclosure data from Audit Analytics. Auditor Tenure Executive compensation data from Shore Group and Intrinio. Data from Sharadar. Audit Fees Data from Barchart via Quandl. Non-Audit Fees Data from Exchange Data International via Quandl.
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Overview Reporting Irregularities Anomalies in the Numbers SEC Concerns Litigation & External Pressures Management Review Auditor Assessment Peer Group
Overview
Price and Volume History
This graph shows the price and trading history for Howmet. Warning signs and red ags are marked on the graph according to their disclosure dates.
1 Jun 11, 2021 - Insider Sale 19 Oct 23, 2017 - Change in CEO
2 Feb 16, 2021 - Impairment 20 Sep 15, 2017 - Lawsuit: Sullivan v. Arconic Inc et al
3 Feb 16, 2021 - Critical / Key Audit Matters 21 Sep 15, 2017 - Securities Class Actions Lawsuit: Sullivan v. Arconic Inc et al
4 Nov 9, 2020 - Revisions 22 Aug 11, 2017 - Lawsuit: Howard v. Arconic Inc et al
5 Nov 9, 2020 - Out of Period Adjustments 23 Aug 11, 2017 - Securities Class Actions Lawsuit: Howard v. Arconic Inc et al
6 Aug 10, 2020 - Insider Sale 24 Jul 26, 2017 - SEC letters to management
7 Aug 7, 2020 - Revisions 25 Jul 14, 2017 - Lawsuit: Tripson v. Arconic Inc et al
8 Apr 6, 2020 - Change in CEO 26 Jul 14, 2017 - Securities Class Actions Lawsuit: Tripson v. Arconic Inc et al
9 Feb 27, 2020 - Impairment 27 Jul 13, 2017 - Lawsuit: Brave v. Arconic Inc et al
10 Feb 27, 2020 - Critical / Key Audit Matters 28 Jul 13, 2017 - Securities Class Actions Lawsuit: Brave v. Arconic Inc et al
11 Feb 27, 2020 - Critical / Key Audit Matters 29 Apr 19, 2017 - Lawsuit: City of Atlanta Fire ghters Pension Fund v. Arconic Inc et al
12 Feb 13, 2020 - Insider Sale 30 Apr 18, 2017 - Change in CEO
13 Feb 7, 2020 - Insider Sale 31 Feb 28, 2017 - Impairment
14 Jun 19, 2019 - Lawsuit: Behrens et al v. Arconic Inc 32 Jan 19, 2017 - Insider Sale
15 Feb 6, 2019 - Change in CEO 33 Nov 4, 2016 - Change in CFO
16 Aug 29, 2018 - SEC letters to management 34 Feb 19, 2016 - Impairment
17 Jun 22, 2018 - Lawsuit: Raul v. Albaugh et al 35 Feb 19, 2016 - Change in Accounting Estimates
18 Feb 26, 2018 - Impairment 36 Jan 21, 2016 - Insider Sale
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Noti cations
Important noti cations related to the company are listed here. Noti cations may come from the SEC, exchanges such as the NYSE or NASDAQ, or Watchdog Research. Examples of noti cations include announcements of bankruptcy proceedings, company name changes, and noncompliance with SEC regulations or exchange rules.
There are no noti cations for Howmet at least since 2016.
Peer Group
Peer groups are used by companies to benchmark executive compensation and performance. Each company identi es its own peer group. Peer groups vary from company to company.
Peer Group Companies Who Named Howmet as a Peer
Company Ticker Market Cap Company Ticker Market Cap
Boeing Co. BA $125b Deere & Co. DE $109b
Lockheed Martin Corp. LMT $94.6b Lockheed Martin Corp. LMT $94.6b
Illinois Tool Works Inc. ITW $68.6b TE Connectivity Ltd. TEL $45.8b
Northrop Grumman Corp. NOC $56b Sempra Energy SRE $43.1b
General Dynamics Corp. GD $54.5b PPG Industries Inc. PPG $35.6b
L3Harris Technologies, Inc. LHX $44.4b Nucor Corp. NUE $32.3b
Parker Hanni n Corp. PH $37.4b FirstEnergy Corp. FE $20.3b
Rockwell Automation Inc. ROK $37.3b Wabtec Corporation WAB $16.4b
TransDigm Group Inc. TDG $33.3b Howmet Aerospace Inc. HWM $13.5b
Howmet Aerospace Inc. HWM $13.5b Huntington Ingalls Industries, Inc. HII $7.83b
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Peer Flag Comparison
The return to a company’s stock is not the only measure of executive performance. Ethics matter, and growth can quickly reverse and gains evaporate if a company’s accounting and nancial reporting processes are not fundamentally sound and trustworthy. How does Howmet's accounting quality compare to its peer group?
HWM PEER GROUPFLAGS HWM PEER GROUPFLAGS Reporting Irregularities Litigation & External Pressures
Financial Restatements 9 Signi cant Litigation 4 5
Revisions 9 Securities Class Actions 5 4
Out of Period Adjustments 9 Shareholder Activism 9
Impairments 3 6 Cybersecurity 7 2
Changes in Accounting Estimates 2 7 Management Review
Disclosure Controls 1 7 1 CEO Changes 3 3 3
Internal Controls 8 1 CFO Changes 2 3 4
Critical / Key Audit Matters 3 6 Insider Sales 3 6
Pledged Securities 7 2 Anomalies in the Numbers
Benford's Law 6 3 Mergers & Acquisitions 2 5 2
Beneish M-Score 5 2 Sales of Assets 9
Accounting Disclosure Complexity 8 1 Auditor Assessment
Auditor Changes 9 Securities & Exchange Commission Concerns
SEC Oversight 9 Auditor Experience 9
SEC Letters to Management 8 1 Auditor Tenure 4 5
Revenue Recognition 6 3 Audit Fees 5 4
Non-GAAP Measures 9 Non-Audit Fees 7 2
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