Recent Updates — HWM

Howmet Aerospace reported third-quarter 2026 revenue of $2.7 billion, a 29% increase year over year, driven by strong growth in commercial aerospace and gas turbines. Adjusted earnings per share rose 54% to $1.46, while adjusted EBITDA margin expanded 310 basis points to 32.5%. The company generated $562 million in free cash flow and repurchased $500 million of common stock during the quarter. Additionally, the Board authorized a $5 billion increase to its share repurchase program and raised the quarterly dividend by 17% to $0.14 per share. Howmet Aerospace is a leading global provider of advanced engineered solutions for the aerospace, gas turbine, and transportation industries.

Howmet Aerospace is recasting its historical segment information to move a titanium alloy facility from Engine Products to Engineered Structures, a change that has no impact on consolidated financial results. Additionally, the company prepaid its ¥29,702 million JPY Term Loan Facility and executed a cross-currency swap on $300 million of its 6.750% Notes due 2028, which is expected to reduce annual interest expense by approximately $12 million.

Howmet Aerospace Inc. announced the results of its 2026 annual meeting of shareholders, where all nine director nominees were elected and the appointment of PricewaterhouseCoopers LLP as independent auditor was ratified. Shareholders also approved the advisory vote on executive compensation, which received 243,199,451 votes in favor.

Howmet Aerospace Inc. completed its acquisition of Consolidated Aerospace Manufacturing, LLC, a subsidiary of Stanley Black & Decker, Inc., on April 6, 2026. The transaction was a cash purchase valued at approximately $1.8 billion, subject to customary adjustments.