HWM · 10-Q · 2026Q2 · Full report
Acquisition / Partnership / Divestiture
Howmet Aerospace Inc. · 2026-08-06 · Importance 71 · Surprise 60 · Matches filing data
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, respectively. Cash used for the CAM and Brunner acquisitions, net of cash acquired, was $1,929 million in the six months ended June 30, 2026. Howmet sold its disk forging facility in Savannah, Georgia, on March 31, 2026, generating a $93 million gain. The acquisitions supported aerospace growth, while the divestiture formed part of Engineered Structures’ manufacturing-footprint and product-mix optimization.
Key facts
- Cash used for investing activities in six months ended June 30, 2026: $1,900 compared to $212 in six months ended June 30, 2025; increase of $1,688, or 796%, primarily due to cash used for the CAM and Brunner acquisitions, net of cash acquired, of $1,929. source
- Divestiture: disk forging facility sale occurred on March 31, 2026 and produced a gain of $93 recognized in restructuring and other credits for the six months ended June 30, 2026. source
- Brunner acquisition included in Fastening Systems starting in February 2026; CAM acquisition included in Fastening Systems starting in second quarter of 2026. source
- Engineered Structures sold its disk forging facility in Savannah, Georgia on March 31, 2026. source
- Restructuring and other credits for the six months ended June 30, 2026: $93 compared to $4 for the six months ended June 30, 2025, primarily due to a $93 gain on the sale of the disk forging facility in Savannah, Georgia on March 31, 2026. source
- Proceeds from sale of assets and businesses increased by $217 primarily due to the sale of the disk forging facility. source
- The CAM and Brunner acquisitions contributed to sales growth and were included in results from the dates acquired, with CAM and Brunner specifically cited as contributing to the increases in sales and Fastening Systems results. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -14.6% | Cash used for investing activities in six months ended June 30, 2026: $1,900 compared to $212 in six months ended June 30, 2025; increase… |
| net_income | positive | realized | +3.6% | Divestiture: disk forging facility sale occurred on March 31, 2026 and produced a gain of $93 recognized in restructuring and other… |
| operating_income | positive | realized | +3.5% | Restructuring and other credits for the six months ended June 30, 2026: $93 compared to $4 for the six months ended June 30, 2025,… |