Howmet Aerospace Q1 Sales $2.31B, Net Income $580M; Divestiture Gain $93M
Howmet Aerospace Inc. reported robust first-quarter 2026 financial results, with sales climbing to $2.31 billion and net income significantly increasing to $580 million. Diluted earnings per share also saw a substantial rise to $1.44. The quarter's performance was notably enhanced by a $93 million gain from the divestiture of its Savannah disk forging facility. Additionally, the company completed the acquisition of Brunner Manufacturing Co. Inc. for $120 million and finalized the $1.8 billion acquisition of Consolidated Aerospace Manufacturing in April 2026, expanding its aerospace fastening systems portfolio. Howmet also continued its capital return program, repurchasing $300 million in common stock and declaring a $0.12 per share dividend.
Key Highlights
- Q1 2026 Sales increased 19.1% to $2.31 billion from $1.94 billion in Q1 2025.
- Q1 2026 Net Income rose 68.6% to $580 million from $344 million in Q1 2025.
- Q1 2026 Diluted EPS was $1.44, up 71.4% from $0.84 in Q1 2025.
- Recognized a $93 million gain from the divestiture of its Savannah disk forging facility.
- Acquired Brunner Manufacturing Co. Inc. for $120 million in February 2026.
- Completed $1.8 billion acquisition of Consolidated Aerospace Manufacturing in April 2026.
- Repurchased $300 million of common stock in Q1 2026, up from $125 million in Q1 2025.
- Declared a common stock dividend of $0.12 per share in Q1 2026.