zintick
HWM Howmet AerospaceEarnings

Howmet Aerospace Tops Revenue Estimates at $2.70 Billion as Sales Rise 29%

The company raised its full-year 2026 guidance and authorized an additional $5 billion in share repurchases.

By Zintick Team · Editor: Kratik Mehta
Published

turbine metal mechanism details on blue background
Photo: FotoFeast/Shutterstock.com

Key points

  • Revenue of $2.70 billion vs. $2.59 billion analyst estimate; up 29% year over year
  • Adjusted EPS of $1.46 vs. $1.37 consensus; GAAP EPS $1.42
  • FY2026 adjusted EPS guidance raised to $5.49-$5.51 vs. $5.34 consensus
  • Q4 revenue guidance $2.74-$2.76 billion vs. $2.67 billion analyst estimate
  • Additional $5 billion buyback authorization; quarterly dividend raised 17% to $0.14

Howmet Aerospace (NYSE: HWM) reported third-quarter revenue of $2.70 billion, above the $2.59 billion analysts expected, and adjusted EPS of $1.46 against the $1.37 consensus estimate, in an 8-K filed Thursday, Oct. 29, 2026. Revenue rose 29% from a year earlier, and 25% on an organic basis. GAAP EPS was $1.42, up from $0.95.

Adjusted EBITDA reached $879 million, up 43%, and the margin widened about 310 basis points to 32.5%. Operating income was $777 million, also up 43%.

Segment results

Engine Products revenue rose 33% to $1.45 billion, and segment adjusted EBITDA climbed 57% to $567 million, a 39.1% margin. Fastening Systems revenue grew 41% to $630 million; excluding the CAM and Brunner acquisitions, revenue rose 10%. Forged Wheels revenue increased 32% to $327 million, while its margin fell to 26.3% on higher aluminum cost pass-through. Engineered Structures revenue fell 4% to $295 million, principally because of the Savannah disk forging divestiture; excluding it, revenue grew 8%.

Executive Chairman and Chief Executive John Plant said gas turbines revenue grew 45% in the quarter.

Guidance and capital returns

Howmet raised its full-year 2026 guidance. It now expects revenue of $10.29 billion to $10.31 billion and adjusted EPS of $5.49 to $5.51, compared with the $5.34 consensus estimate for the year. For the fourth quarter, it guided to revenue of $2.74 billion to $2.76 billion and adjusted EPS of $1.49 to $1.51. Analysts expected $2.67 billion and EPS of $1.42 for the quarter ending Dec. 31.

The company repurchased $500 million of common stock in the third quarter and $1.1 billion year to date. On Oct. 28, its board authorized an additional $5 billion repurchase, bringing total authorization to $5.397 billion. Howmet also raised its quarterly dividend 17% to $0.14 per share.

For 2027, the company said it envisages revenue of approximately $11.5 billion, up about 12% from the increased 2026 guidance.

The stock closed at $195.19 on Oct. 28, the last trading session before the filing, when the company's market value was about $77.84 billion.

Sources

Written with AI from the company's results filing with the SEC, analysts' estimates where we had them, and our market data, and checked against those sources before publishing. Our editorial standards.

HWM page →

Filings, figures and price history are on the Howmet Aerospace page.