HWM · Other

Howmet Aerospace Inc.

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

News · 2026-08-08

• Guidance / OutlookImportance 75 · Surprise 60
  Howmet Aerospace raised its full-year 2026 guidance after second-quarter results exceeded the high end of its prior outlook. Third-party reporting cited a revised full-year revenue range of approximately $10.0 billion…

News · 2026-08-07

• Guidance / OutlookImportance 75 · Surprise 60
  Howmet Aerospace raised its full-year 2026 guidance after second-quarter results exceeded the high end of its prior outlook. Third-party reporting cited a revised full-year revenue range of approximately $10.0 billion…
• Manufacturing and CapacityImportance 34 · Surprise 42
  Howmet is expanding capacity to support sustained aerospace and gas-turbine demand. Coverage of the earnings call said capacity expansion and higher capital spending are expected to continue into 2027. The reports also…

10-Q · 2026-08-06

• Capital Expenditures ProgramImportance 96 · Surprise 100
  Cash used in investing activities increased to $1,900 million in the six months ended June 30, 2026 from $212 million in the prior-year period. The increase primarily reflected $1,929 million of cash used for the CAM…
• Liquidity and Debt PositionImportance 78 · Surprise 74
  Howmet issued $1,200 million of notes in March 2026 with interest rates ranging from 3.750% to 4.750% and had $450 million of commercial paper outstanding at June 30, 2026. Net interest expense increased 34% to $51…
• Operating Expense TrendsImportance 71 · Surprise 82
  SG&A increased 66% to $148 million in the second quarter and 49% to $259 million for the six months ended June 30, 2026. The increase reflected higher employment costs, incremental acquisition-related headcount,…
• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  Howmet acquired Consolidated Aerospace Manufacturing, LLC (CAM) and Brunner Manufacturing Co. Inc., with the acquisitions contributing sales to Fastening Systems beginning in the second quarter and February 2026,…
• Gas Turbine Demand GrowthImportance 70 · Surprise 74
  Howmet reported growth in the gas turbines market during the second quarter and first six months of 2026. Engine Products sales increased 32% year over year in the second quarter and 31% in the first six months, with…
• Capital Return ProgramImportance 65 · Surprise 48
  Howmet increased common-stock repurchases by $300 million in the six months ended June 30, 2026 compared with the prior-year period. Dividends paid increased by $14 million because the quarterly dividend rose from…
• Segment Revenue PerformanceImportance 64 · Surprise 56
  Engine Products sales increased 32% to $1,373 million in the second quarter and 31% to $2,626 million for the six months, driven by commercial and defense aerospace and engine spares growth. Fastening Systems sales…
• Aerospace Market Demand TrendsImportance 64 · Surprise 56
  Howmet generated approximately 68% of its revenue from commercial and defense aerospace markets in the six months ended June 30, 2026. Engine Products sales increased 31% year over year to $2,626 million in the first…
• Outstanding IndebtednessImportance 64 · Surprise 42
  Howmet issued $1,200 million of notes in March 2026 with interest rates ranging from 3.750% to 4.750%, following the November 2025 issuance of $500 million of 4.550% notes due 2032. The debt actions are expected to…
• Revenue Performance and MixImportance 59 · Surprise 48
  Second-quarter 2026 sales increased 24% to $2,547 million from $2,053 million, while six-month sales increased 22% to $4,860 million from $3,995 million. Growth came primarily from commercial and defense aerospace, gas…
• Operating Cash Flow TrendsImportance 58 · Surprise 56
  Cash provided by operations increased 48% to $1,036 million in the six months ended June 30, 2026 from $699 million in the prior-year period. The increase included $311 million from higher operating results and $17…
• Capital Expenditure OutlookImportance 58 · Surprise 42
  Howmet expects 2026 capital expenditures to remain elevated as it expands capacity in Engine Products to support aerospace and gas-turbine growth. Total 2026 capital expenditures are anticipated to equal approximately…
• Manufacturing Footprint OptimizationImportance 50 · Surprise 58
  Engineered Structures sales declined 13% in the second quarter and 8% in the first six months of 2026. The decline was primarily attributable to the sale of the disk forging facility in Savannah, Georgia, and product…
• Headcount / RestructuringImportance 46 · Surprise 42
  Restructuring and other credits totaled $93 million in the six months ended June 30, 2026, primarily from the gain on the Savannah disk forging facility sale. Engine Products added approximately 485 net employees in…
• Manufacturing Capacity ExpansionImportance 46 · Surprise 42
  Howmet increased Engine Products headcount by approximately 485 employees in the second quarter and 720 employees in the first six months of 2026 to support expected revenue growth. Depreciation increased partly…
• Commercial Transportation RecoveryImportance 42 · Surprise 40
  Commercial transportation volumes remained weak across the Forged Wheels and Fastening Systems businesses during the reporting period. Forged Wheels sales increased 14% in the second quarter and 16% in the first six…
• Gross Margin DriversImportance 37 · Surprise 32
  COGS declined to 62.7% of sales in the second quarter of 2026 from 66.5% in the prior-year quarter. For the six months, COGS declined to 62.9% of sales from 66.5%, implying gross-margin expansion of approximately 380…
• Income Tax Rate ChangesImportance 29 · Surprise 22
  The estimated annual effective tax rate before discrete items was 20.9% in the second quarter of 2026 versus 20.8% in the second quarter of 2025. The tax rate including discrete items increased to 17.7% from 13.2% in…
• Aerospace Pricing ActionsImportance 20 · Surprise 24
  Howmet reported favorable product pricing across its businesses in the second quarter and first six months of 2026. Product price increases exceeded material and inflationary cost pass-through to customers. Pricing…
• Market Demand TrendsImportance 17 · Surprise 24
  Howmet expects 2026 commercial transportation demand in Forged Wheels to remain low, although a modest recovery began in the second quarter and is expected to continue through the second half of 2026. The outlook is…

8-K · 2026-08-06

• Guidance / OutlookImportance 80 · Surprise 68
  Howmet increased full-year 2026 revenue guidance by $400 million at the baseline to $10.050 billion, with a range of $10.000 billion to $10.100 billion. Baseline adjusted EBITDA guidance increased $170 million to…
• Operating Expense TrendsImportance 71 · Surprise 82
  Second-quarter selling, general administrative, and other expenses increased to $148 million from $89 million a year earlier, a 66% year-over-year increase. Research and development expense was $8 million, compared…
• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  Howmet completed its acquisition of Consolidated Aerospace Manufacturing, LLC (CAM) from Stanley Black & Decker on April 6, 2026 for approximately $1.8 billion. CAM designs and manufactures precision fasteners, fluid…
• Operating Margin DriversImportance 64 · Surprise 56
  Second-quarter GAAP operating income increased 36% year over year to $711 million, and operating margin expanded 250 basis points to 27.9%. Adjusted EBITDA increased 39% to $817 million, with adjusted EBITDA margin…
• Outstanding IndebtednessImportance 64 · Surprise 42
  On May 22, 2026, Howmet repaid its $186 million Japanese Yen-denominated senior unsecured term loan using cash on hand. The company also entered into a cross-currency swap covering $300 million of 6.75% bonds due 2028,…
• Free Cash Flow and LiquidityImportance 64 · Surprise 56
  Second-quarter cash from operations increased 31% year over year to $583 million, while free cash flow rose 39% to $479 million after $104 million of capital expenditures. Six-month operating cash flow increased 48% to…
• Revenue Performance and MixImportance 59 · Surprise 48
  Second-quarter 2026 revenue increased 24% year over year to $2.547 billion, including 21% organic growth, while six-month revenue rose 22% to $4.860 billion. Commercial aerospace revenue growth was 28%, defense…
• Market Demand TrendsImportance 58 · Surprise 56
  Howmet reported broad-based demand growth across its major end markets, with second-quarter revenue increasing 28% in commercial aerospace, 11% in defense aerospace, and 38% in gas turbines. Commercial aircraft build…
• Capital Expenditure GuidanceImportance 52 · Surprise 42
  Howmet spent $104 million on capital expenditures in the second quarter and $198 million in the first six months of 2026. Management said capital expenditure requirements are increasing and that additional 2027…
• Capital Expenditure OutlookImportance 52 · Surprise 42
  Management said capital expenditure requirements continue to increase and that spending will need to increase further in 2027. The additional investment is intended to support expected organic growth in the aerospace…
• Capital Return ProgramImportance 50 · Surprise 24
  Howmet repurchased $300 million of common stock in the second quarter at an average price of $250.61 per share, retiring approximately 1.2 million shares. The company repurchased another $200 million in July at an…
• Manufacturing and CapacityImportance 46 · Surprise 42
  Howmet said capital expenditure requirements are increasing to support expected organic growth in aerospace and gas turbines, with further increases anticipated in 2027. Second-quarter capital expenditures were $104…
• Income Tax Rate ChangesImportance 40 · Surprise 42
  Second-quarter income before taxes was $649 million and the reported income-tax provision was $115 million, producing a 17.7% effective tax rate. The adjusted operational tax rate was 20.4% for the quarter versus a…
• Dividend IncreaseImportance 30 · Surprise 40
  Howmet’s board declared a third-quarter 2026 common-stock dividend of $0.14 per share on July 27, 2026. The dividend is payable August 25, 2026, to shareholders of record as of August 7, 2026. The quarterly dividend…

News · 2026-08-06

• Liquidity and Debt PositionImportance 84 · Surprise 74
  Cash from operations increased 31% year over year to $583 million in the second quarter, from $446 million. Free cash flow rose 39% to $479 million from $344 million, while six-month free cash flow increased 75% to…
• Guidance / OutlookImportance 75 · Surprise 60
  Howmet Aerospace raised its full-year 2026 guidance after second-quarter results exceeded the high end of its prior outlook. Third-party reporting cited a revised full-year revenue range of approximately $10.0 billion…
• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  Howmet completed its acquisition of CAM on April 6, 2026, for approximately $1.8 billion. Third-party reporting identified the CAM transaction and its integration as part of the company’s growth strategy alongside…
• Capital Return ProgramImportance 68 · Surprise 58
  Howmet deployed $300 million for common-stock repurchases during the second quarter of 2026. Third-party reporting also described approximately $800 million of share repurchases in the period or year-to-date…
• Revenue Performance and MixImportance 59 · Surprise 48
  Second-quarter 2026 revenue increased 24% year over year to $2,547 million from $2,053 million, with organic growth of 21%. Growth was driven by commercial aerospace, defense, and gas-turbine demand, particularly in…
• Operating Margin DriversImportance 58 · Surprise 56
  Second-quarter GAAP operating income rose 36% year over year to $711 million from $521 million. GAAP operating margin expanded 250 basis points to 27.9% from 25.4%. Adjusted operating income increased 41% to $733…
• Market Demand TrendsImportance 32 · Surprise 24
  Howmet’s second-quarter growth was driven by strong demand in commercial aerospace, defense, and industrial gas turbines. Commercial aerospace demand benefited from rising jet production, while aftermarket demand and…

News · 2026-08-05

• Supply Chain ConstraintsImportance 17 · Surprise 24
  Transportation and supply-chain headwinds remain a constraint despite strong aerospace demand. Third-party coverage cited ongoing supply-chain disruptions as a risk to execution and noted that transportation weakness…