WEATHERSFIELD — Howmet Aerospace, which has a mill in Weathersfield, reported revenue of $1.84 billion in the third quarter, an 11% increase from 2023 that was driven by growth in the commercial aerospace market.

The Pittsburgh-based company also reported for the July to September period net income of $322 million compared to $188 million in the same quarter last year, and earnings per share of 81 cents compared to 45 cents over the same period.

“The Howmet team delivered a healthy set of results in the third quarter of 2024,” John Plant, Howmet’s executive chairman and chief executive, said in a release.

The year-over-year 11% revenue growth, he said, took into account actions that restricted volumes sent to Boeing and weaker European market conditions that impacted the company’s forged wheels division.

About 33,000 workers represented by the International Association of Machinists and Aerospace Workers at Boeing went on strike Sept. 13 over wages and pensions. It lasted nearly two months.

Boeing said Tuesday it will be several weeks before the company fully resumes building passenger planes, as factory workers return to work. A Boeing spokesperson said the delay in restarting plants in Washington state and Oregon is due to multiple steps needed to resume production.

At Howmet, the company focuses on engine products, fastening systems, engineered structures and forged wheels. It operates a titanium mill in Weathersfield, the Niles Ingot & Mill Products Operations, 1000 Warren Ave.

The engine products division reported revenue of $945 million, a 18% increase year-over-year due to growth in the commercial aerospace, defense aerospace, industrial gas turbine and oil and gas markets, according to the company’s earnings release.

Fastening systems had revenue of $392 million, a 13% increase from 2023’s third quarter “due to growth in the aerospace market, including wide body aircraft recovery,” the release states.

The engineered structures division reported a revenue increase of 11% to $253 million. The company cited growth in the commercial and defense aerospace markets as the reasons why.

The forged wheels division reported revenue of $245 million, a decrease of 14% year-over-year “due to lower volumes in the commercial transportation market as well as a decrease in the aluminum cost pass through” the release states.

The company also reported it generated $244 million from operations, it used $441 million for financing activities and used $80 million for investing activities.

Plant said in the release the demand outlook for commercial aerospace in 2025 “remains robust, driven by healthy air traffic growth,” and the under-production of aircraft in recent years, which has caused an order backlog, along with a great need for additional engine spare parts “is supportive of future revenue growth.

“We expect above-trend growth in commercial aerospace to continue in 2025, while we continue to take a cautious approach to the assumed pace of new aircraft builds. We expect growth in 2025 in our defense aerospace and industrial end markets, while we assume that the commercial transportation end market will remain soft until the second half 2025. Our 2025 outlook envisions total revenue growth of approximately 7.5% year over year,” Plant said.

The Associated Press contributed to this report.