HWM · 10-Q · 2026Q2 · Full report
Operating Expense Trends
Howmet Aerospace Inc. · 2026-08-06 · Importance 71 · Surprise 82 · Matches filing data
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 and acquisition-related costs, and other administrative expenses. Depreciation and amortization increased 22% to $84 million in the second quarter and 14% to $158 million for the six months. D&A growth was driven by Engine Products capacity investments, the CAM and Brunner acquisitions, and inventory step-up amortization.
Key facts
- SG&A expenses in six months ended June 30, 2026: $259 compared to $174 in six months ended June 30, 2025. source
- SG&A expenses in Q2 2026: $148 compared to $89 in Q2 2025. source
- Corporate expense increased $27, or 108%, in Q2 2026 versus Q2 2025 primarily due to acquisition and acquisition-related costs of $22 and employment costs. source
- Provision for depreciation and amortization in six months ended June 30, 2026: $158 compared to $138 in six months ended June 30, 2025. source
- Provision for depreciation and amortization in Q2 2026: $84 compared to $69 in Q2 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -3.3% | SG&A expenses in six months ended June 30, 2026: $259 compared to $174 in six months ended June 30, 2025. |
| operating_income | negative | realized | -2.3% | SG&A expenses in Q2 2026: $148 compared to $89 in Q2 2025. |
| operating_income | negative | realized | -1.1% | Corporate expense increased $27, or 108%, in Q2 2026 versus Q2 2025 primarily due to acquisition and acquisition-related costs of $22 and… |
| operating_income | negative | realized | -0.8% | Provision for depreciation and amortization in six months ended June 30, 2026: $158 compared to $138 in six months ended June 30, 2025. |
| operating_income | negative | realized | -0.6% | Provision for depreciation and amortization in Q2 2026: $84 compared to $69 in Q2 2025. |