HWM · 10-Q · 2026Q2

Howmet Aerospace Inc.

Filed 2026-08-06 · Other · View original filing on EDGAR

Ranked Events

• 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…
• 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,…
• 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,…
• 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…
• 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…
• 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…
• 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…
• 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…
• 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…
• 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…
• 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…
• 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…
• 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…
• 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…

Revenue by Product (in millions)