UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 22, 1999
HOWMET INTERNATIONAL INC.
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(Exact name of registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of incorporation)
1-13645 52-1946684
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Commission File Number (IRS Employer Identification No.)
475 STEAMBOAT ROAD, GREENWICH, CT 06836-1960
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(Address of principal executive offices) (Zip Code)
(203) 661-4600
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Registrant's Telephone Number
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ITEM 5 - - OTHER EVENTS
HOWMET INTERNATIONAL REVISES FOURTH QUARTER EARNINGS ESTIMATE
GREENWICH, CT, SEPTEMBER 22, 1999 - Howmet International (HWM-NYSE)
announced today that earnings per share for the fourth quarter of 1999
should be in the range of $0.28- $0.31. Wall Street consensus is currently
$0.31.
Chairman James R. Wilson commented, " Despite the surging Industrial Gas
Turbine Market, the commercial aircraft decline has been greater than
anticipated. Together with the increased cost associated with solving the
production problems at Howmet Aluminum (formerly Cercast), the fourth
quarter may not be as strong as anticipated."
Calendar year 2000 earnings are currently under review. Additional guidance
from the company will be available in mid-October.
Howmet, a subsidiary of Cordant Technologies Inc. (CDD-NYSE), is the world
largest manufacturer of precision castings, primarily for jet aircraft and
industrial gas turbine engines. Howmet and its affiliates operate 29
production facilities in the United States, Canada, France, the United
Kingdom and Japan.
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
HOWMET INTERNATIONAL INC.
(Registrant)
By: /S/ ROLAND A. PAUL
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Roland A. Paul
Vice President
Date: September 22, 1999
