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Rolling Drawing & Extruding of Nonferrous Metals: capital spending and supply chain

SIC 3350 · 4 companies with filed cash-flow statements

Capital spending, 12 months$707M
Operating cash flow$3.5B
Capex / cash flow20%
Capex / revenue1.7%
Top 3 share92%

Analysis

4 companies in Rolling Drawing & Extruding of Nonferrous Metals (SIC 3350) spent $707M on capital projects over their latest twelve months, 20% of the $3.5B their operations generated; the three largest spenders — HWM, KALU, MLI — account for 92%.

Capital spending is 1.7% of the industry's $41.8B of annual revenue.

By the industry's asset mix most of it goes to equipment (47%); about $124M is imported.

The largest supplier of that spending is manufacturing structures ($227M).

Its largest supplying industries, by the input-output tables: imports ($7.6B), copper rolling, drawing, extruding and alloying ($3.7B), other durable goods merchant wholesalers ($2.4B).

Charts

Rolling Drawing & Extruding of Nonferrous Metals: capital spending by company, latest twelve monthsRolling Drawing & Extruding of Nonferrous Metals: capital spending by company, latest twelve monthsHWM$469MKALU$103MMLI$80.6MNX$54.7M
Filed cash-flow statements (SEC XBRL).
Rolling Drawing & Extruding of Nonferrous Metals: what the capital spending buys (US part)Rolling Drawing & Extruding of Nonferrous Metals: what the capital spending buys (US part)Structures$232MEquipment$263MSoftware$31.6MOther$34.2M
Capital spending × the industry’s asset mix (BEA fixed assets): grade C, an industry average applied to filed figures.
Rolling Drawing & Extruding of Nonferrous Metals: the industries that build and sell what it buysRolling Drawing & Extruding of Nonferrous Metals: the industries that build and sell what it buysManufacturing structures$227MMachine tool manufacturing$52.6MCutting and machine tool accessor…$36.1MSpecial tool, die, jig, and fixtu…$35.8MMaterial handling equipment manuf…$18.1MSoftware publishers$17.7MAir conditioning, refrigeration, …$16.8MPlate work and fabricated structu…$14.9MOther general purpose machinery m…$13.0MMeasuring, dispensing, and other …$10.6M
BEA fixed assets: investment by asset type → supplying industry. Estimates (grade C).
Rolling Drawing & Extruding of Nonferrous Metals: its first-tier supplying industriesRolling Drawing & Extruding of Nonferrous Metals: its first-tier supplying industriesImports$7.6BCopper rolling, drawing, extrudin…$3.7BOther durable goods merchant whol…$2.4BAluminum product manufacturing fr…$1.7BNonferrous metal (except aluminum…$1.7BSecondary smelting and alloying o…$1.2BNonferrous metal (except copper a…$997MTruck transportation$862MIron, gold, silver, and other met…$709MAlumina refining and primary alum…$597M
Purchased inputs × the industry’s input mix (BEA Use table), US part: grade C.
Rolling Drawing & Extruding of Nonferrous Metals: where the industry's cash came from (+) and went (−)Rolling Drawing & Extruding of Nonferrous Metals: where the industry's cash came from (+) and went (−)Net borrowing$3.7BOperating cash flow$3.5BOther investing (out)−$2.7BAcquisitions−$2.1BBuybacks−$1.6BOther financing (in)$1.2BOperating cash outflow−$1.0BCapital spending−$707MDividends−$411MCash added to the balance she…−$409MSales of assets & businesses$306MCash drawn from the balance s…$156MOther investing (in)$87.2MTaxes paid on employees' shar…−$78.0M
The companies’ cash-flow statements, latest four quarters or fiscal year: every figure filed (grade A).

Capital spending by company

CompanyCapital spendingOperating cash flowCapex / OCFPeriod
HWM Howmet Aerospace$469M$2.4B20%TTM to Q3 2026
KALU Kaiser Aluminum$103M$228M45%TTM to Q3 2026
MLI Mueller Industries$80.6M$770M10%TTM to Q3 2026
NX Quanex Building Products$54.7M$146M38%TTM to Q3 FY26

Customers and suppliers named in annual reports

SupplierCustomerShare of supplier revenueEvidenceSource
HWMRTX11%Stated in 10-K (sentence)filing
MLIWSO—Stated in 10-K (named, share not stated)filing
AAKALU—Stated in 10-K (named, share not stated)filing

The interactive money flow: switch views, follow each dollar →

Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.