Howmet Aerospace HWM
Howmet Aerospace releases Q3 2026 results
Item 2.02 Reports results
- Form
- 8-K
- Filed
- Importance
- Major
- Accession
- 0001104659-26-119857
- No financial statements included
Written from the 8-K on EDGAR. AI can make mistakes. Check the filing.
The reading, claim by claim
- Under Item 2.02, it said it issued a press release that day announcing its third quarter 2026 results, attached as Exhibit 99.1.
- The filing says this information is not deemed 'filed' for purposes of Section 18 of the Exchange Act.
- Exhibit 99.1, listed under Item 9.01, reports third quarter revenue of $2,703 million, against $2,089 million a year earlier, a 29% change.
- It reports GAAP EPS of $1.42 versus $0.95, adjusted EPS of $1.46, operating income of $777 million, cash from operations of $709 million and free cash flow of $562 million.
- The release says Howmet repurchased $500 million of common stock in the third quarter of 2026, and $1.1 billion year to date.
- On October 28, 2026, the Board authorized a $5 billion increase to the repurchase program, for $5.397 billion in total authorization.
- The quarterly dividend was raised 17% to $0.14 per share.
- The release gives full year 2026 guidance with revenue of $10,290 million to $10,310 million, a baseline of $10,300 million.
- For 2027, it states revenue of approximately $11.5 billion, up approximately 12% year over year.
9 of 10 claims matched the filing text.
Not found in the filing text
- In its 10-Q for the quarter ended September 30, 2026, Howmet reported revenue of $2.7 billion, net income of $567.0 million and an operating margin of 28.7%.
From the filing
Item 2.02. Results of Operations and Financial Condition.
Item 2.02. Results of Operations and Financial Condition.
On October 29, 2026, Howmet Aerospace Inc. issued a press release announcing its financial results for the third quarter of 2026.1 A copy of the press release is attached hereto as Exhibit 99.11 and is incorporated herein by reference.
In accordance with General
Instruction B.2 of Form 8-K, the information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 19342, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Howmet Aerospace Inc. press release dated October 29, 2026.
104 The cover page of this Current Report on Form 8-K, formatted in Inline XBRL.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
HOWMET AEROSPACE INC.
Dated:
October 29, 2026
By:
/s/ Jonathan
A. Arena
Name:
Jonathan A. Arena
Title:
Executive Vice President, Chief Legal and Compliance Officer and Secretary
FOR IMMEDIATE RELEASE
Investor
Contact
Media
Contact
Paul
T. Luther
Rob
Morrison
(412)
553-1950
(412)
553-2666
Paul.Luther@howmet.com
Rob.Morrison@howmet.com
Howmet Aerospace
Reports Third Quarter 2026 Results
Revenue up 29%
Year over Year, Organic Growth 25% ; G AAP EPS $1.42, Adjusted EPS $1.46
Healthy Third
Quarter Cash Generation; $500 Million Deployed for Common Stock Repurchases
Additional $5
Billion Share Repurchase Authorization by Board of Directors
Full Year 2026
Guidance Increased
Revenue Guidance: Approximately $11.5 Billion, Up ~12% Year over Year9
Summary Financial Results
Third Quarter
Nine Months
Dollars in Millions; Per share amounts in dollars, diluted
2026
2025
Change
2026
2025
Change
$ 7,563
$ 6,084
24 %
GAAP Metrics
$ 2,241
$ 1,557
44 %
Operating Income Margin
28.7 %
25.9 %
280 bps
29.6 %
25.6 %
400 bps
$ 4.18
$ 2.79
50 %
$ 1,745
$ 1,230
42 %
Non-GAAP
Metrics 1
Adjusted EBITDA
$ 879
$ 614
43 %
$ 2,436
$ 1,763
38 %
Adjusted EBITDA Margin
32.5 %
29.4 %
310 bps
32.2 %
29.0 %
320 bps
Adjusted Operating Income
$ 786
$ 542
45 %
$ 2,185
$ 1,553
41 %
Adjusted Operating Income Margin
29.1 %
25.9 %
320 bps
28.9 %
25.5 %
340 bps
Adjusted Earnings per Share (EPS)4
$ 4.01
$ 2.72
47 %
$ 1,400
$ 901
55 %
1 For more information, see "Non-GAAP Financial
Measures" and the schedules to this release.
Key Activity
1
PITTSBURGH, PA, October 29, 2026 - Howmet Aerospace
(NYSE: HWM) announced results today for the third quarter 2026.
Howmet Aerospace Executive Chairman and Chief Executive Officer John
Plant said, "Howmet's performance was solid in all dimensions, with third quarter results exceeding the high end of guidance. Revenue grew 29% year over year and 25% organically, the strongest quarterly growth rate on record for Howmet. Adjusted EBITDA margin expanded 310 basis points year over year to 32.5%. Free cash flow was a robust $562 million after $147 million in capital expenditures, as we continue to invest for growth. The free cash flow supported $500 million in common stock repurchases in the third quarter, lifting year-to-date repurchases to $1.1 billion. The Board of Directors authorized an increase in the share repurchase program by $5 billion to $5.397 billion, reflecting confidence in the Company's strong free cash flow outlook."
Mr. Plant continued, "Our trajectory points to a healthy fourth quarter and the conclusion of another strong year for Howmet. The commercial aerospace market continues to look robust, underpinned by the extraordinary aircraft order backlog that supports expected production volume increases throughout 2027 and beyond. We do not expect any material impact on our spares demand from the Middle East conflict given the backlog of engine shop visits and requirements to support next generation narrowbody engines. Defense markets remain solid, with further spares needs and likely increases in legacy fighter builds. Of particular note was the 45% year-over-year gas turbines revenue growth, which demonstrates both the extraordinary addition to output and, even more importantly, the increase in market share. Demand in the gas turbines market continues to strengthen with customers looking to increase volumes beyond previous expectations, which supports the outlook beyond 2028. Our capital expenditure plans envisage elevated spend beyond 2027 to support growth in both aerospace and defense as well as gas turbines. Our disciplined focus on free cash flow conversion will remain steadfast throughout this elevated investment period. The commercial transportation market continues to experience recovery in North America. Looking forward to 2027, we envisage revenue of approximately $11.5 billion, representing approximately 12% growth from the increased 2026 guidance."
2026 Guidance
Dollars in Millions; Per share amounts in dollars, diluted
Q4 2026
Guidance
FY 2026
Guidance
Low
Baseline
High
Low
Baseline
High
Baseline
Change
+$250
Adj.
EBITDA 1
$
895
$
900
$
905
$
3,325
$
3,330
$
3,335
Adj.
EBITDA Margin 1
32.7
%
32.7
%
32.8
%
32.3
%
32.3
%
32.3
%
Baseline
Change
+$100
+20 bps
Adj.
Earnings per Share 1
$
1.49
$
1.50
$
1.51
$
5.49
$
5.50
$
5.51
Baseline
Change
+$0.23
Free
Cash Flow 1
$
1,950
$
2,000
$
2,050
Baseline
Change
+$100
1 Reconciliations of the forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures, as well as the directly comparable GAAP measures, are not available without unreasonable efforts due to the variability and complexity of the charges and other components excluded from the non-GAAP measures, such as gains or losses on sales of assets, taxes, and any future restructuring or impairment charges. In addition, there is inherent variability already included in
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