HWM · 10-Q · 2026Q2 · Full report

Operating Cash Flow Trends

Howmet Aerospace Inc. · 2026-08-06 · Importance 58 · Surprise 56 · In source text

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 million from lower working capital, partly offset by $6 million of higher pension contributions. Accounts payable provided a $205 million working-capital benefit, while inventories used $84 million and prepaid expenses and other current assets used $59 million. Estimated 2026 pension and other postretirement benefit payments are approximately $65 million.

Key facts

• Cash provided from operations in six months ended June 30, 2026: $1,036 compared to $699 in six months ended June 30, 2025; increase of $337, or 48%. source
• Management expects Howmet's estimated pension contributions and other postretirement benefit payments in 2026 to be approximately $65. source
• Components of working capital change included favorable changes in accounts payable of $205 and unfavorable changes in inventories of $84 in the six months ended June 30, 2026. source

Impact estimates