Quarterly ResultMay 7, 2026, 07:06 AM
Howmet Aerospace Q1 Revenue +19% to $2.31B; FY26 Guidance Raised
AI Summary
Howmet Aerospace reported strong first-quarter 2026 results, with revenue increasing 19% year-over-year to $2.31 billion and adjusted EPS rising 42% to $1.22. The company also significantly increased its full-year 2026 guidance for revenue, adjusted EBITDA, adjusted EPS, and free cash flow. These results were supported by strategic portfolio adjustments, including the acquisition of Consolidated Aerospace Manufacturing and Brunner Manufacturing, and the divestment of a disk forging facility.
Key Highlights
- Q1 2026 Revenue increased 19% year-over-year to $2.31 billion.
- Q1 2026 Adjusted EPS rose 42% year-over-year to $1.22.
- Full-year 2026 revenue guidance increased by $550 million to a baseline of $9.65 billion.
- Full-year 2026 Adjusted EPS guidance increased by $0.49 to a baseline of $4.94.
- Completed acquisition of Consolidated Aerospace Manufacturing (CAM) for approximately $1.8 billion.
- Sold disk forging facility in Savannah, GA, for approximately $230 million, generating a $93 million pre-tax gain.
- Repurchased $300 million of common stock in Q1 2026 and an additional $150 million in April 2026.
- Fitch Ratings upgraded Howmet Aerospace's Long-Term IDR to A- from BBB+.