Howmet Aerospace (HWM) News Today

Howmet Aerospace Inc. (NYSE: HWM) shares increased as investors responded to a strong third-quarter report, higher full-year guidance and a substantially expanded stock-repurchase authorization.

• Positive Sentiment: Q3 earnings and revenue beat expectations. Howmet reported adjusted EPS of $1.46, above the $1.37 consensus estimate, while revenue rose 29% year over year to $2.70 billion, ahead of the $2.59 billion forecast. GAAP EPS increased 49% to $1.42. Howmet Aerospace Reports Third Quarter 2026 Results
• Positive Sentiment: Growth was accompanied by expanding margins and strong cash flow. Adjusted EBITDA increased 43% to $879 million, with the margin expanding to 32.5% from 29.4%. Operating cash flow rose 34% to $709 million, while free cash flow increased 33% to $562 million. Howmet Aerospace Inc. Increases Earnings Guidance for Fiscal Year 2026
• Positive Sentiment: Management raised its 2026 outlook. The company increased full-year earnings guidance and expects fourth-quarter adjusted EPS of $1.49 to $1.51, indicating continued momentum into year-end. Howmet also issued preliminary 2027 revenue guidance of approximately $11.5 billion, up about 12% year over year. Howmet Q4 Adjusted EPS Outlook
• Positive Sentiment: Capital returns were increased. Howmet repurchased $500 million of shares during the quarter and $1.1 billion year to date. The board authorized an additional $5 billion for buybacks, bringing total authorization to $5.397 billion, and raised the quarterly dividend 17% to $0.14 per share. Howmet Announces Buyback and Raises Guidance
• Neutral Sentiment: Valuation remains a consideration. Despite the improved outlook and operational strength, HWM trades at a relatively high earnings multiple, which could limit further upside if growth or aerospace demand moderates.