Howmet Aerospace Inc.

Howmet Aerospace reported strong second-quarter 2026 financial results, with revenue increasing 24% year-over-year to $2.55 billion and Adjusted EPS rising 46% to $1.33. The company also generated $479 million in free cash flow and deployed $300 million for common stock repurchases during the quarter. Following this performance, Howmet Aerospace raised its full-year 2026 guidance for revenue, Adjusted EBITDA, Adjusted EPS, and Free Cash Flow, reflecting confidence in continued market growth and successful integration of recent acquisitions.

Howmet Aerospace completed the early prepayment of its JPY Term Loan Facility of ¥29,702 million (approximately $187 million) and entered into a cross-currency swap to convert $300 million of 6.750% Notes due 2028 into a JPY liability. These actions are expected to reduce annual interest expense by approximately $12 million. Additionally, the company reorganized its segments by moving a titanium alloy location from Engine Products to Engineered Structures, which had no impact on consolidated financial results. Howmet also filed a new shelf registration statement on Form S-3.

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.

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.

Howmet Aerospace published its 2025 ESG Report, detailing the company's commitment and performance related to environmental, social, and governance factors. The report is available on the company's website and provides insights into Howmet's sustainability initiatives and practices.

Howmet Aerospace has completed its acquisition of Consolidated Aerospace Manufacturing, a subsidiary of Stanley Black & Decker, for approximately $1.8 billion in cash. This acquisition expands Howmet Aerospace's portfolio and capabilities in the aerospace manufacturing sector, potentially enhancing its market position and revenue streams.