HWM · News · 20260806N
Liquidity and Debt Position
Howmet Aerospace Inc. · 2026-08-06 · Importance 84 · Surprise 74 · From source text
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 $838 million from $478 million. Howmet paid down its $186 million Japanese yen-denominated term-loan facility and entered a separate $300 million cross-currency swap, reducing annualized interest expense by $12 million.
Key facts
- Howmet paid down a $186 million Japanese Yen‑denominated term loan facility and entered into a separate $300 million cross‑currency swap, reducing annualized interest expense by $12 million. source
- Second quarter 2026 free cash flow: $479 million, up 39% year over year; first six months free cash flow: $838 million, up 75% year over year. source
- First six months 2026 cash from operations: $1,036 million, up 48% year over year. source
- Second quarter 2026 cash from operations: $583 million, up 31% year over year. source
- Several institutional investors adjusted positions in Q2 2026: Pacer Advisors sold 12,723 shares (retaining 20,690 shares valued at ~$4.77M), Czech National Bank increased to 113,886 shares valued at $30.6M, PensionDanmark increased to 51,043 shares valued at $13.7M, and Assenagon sold 267,360 shares leaving 327,491 shares (~$88M). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | committed | +0.4% | Howmet paid down a $186 million Japanese Yen‑denominated term loan facility and entered into a separate $300 million cross‑currency swap,… |
| cash | negative | realized | — | Howmet paid down a $186 million Japanese Yen‑denominated term loan facility and entered into a separate $300 million cross‑currency swap,… |
| liability | positive | realized | — | Howmet paid down a $186 million Japanese Yen‑denominated term loan facility and entered into a separate $300 million cross‑currency swap,… |
| cash | positive | realized | — | Second quarter 2026 free cash flow: $479 million, up 39% year over year; first six months free cash flow: $838 million, up 75% year over… |
| cash | positive | realized | — | Second quarter 2026 free cash flow: $479 million, up 39% year over year; first six months free cash flow: $838 million, up 75% year over… |
| cash | positive | realized | — | First six months 2026 cash from operations: $1,036 million, up 48% year over year. |
| cash | positive | realized | — | Second quarter 2026 cash from operations: $583 million, up 31% year over year. |