Howmet Aerospace Inc.
Howmet Aerospace Reports Strong Q1 2026 Financial Results and Strategic Acquisitions
Summary
Howmet Aerospace announced strong financial results for the first quarter of 2026, with revenue up 19% year over year to $2.31 billion and adjusted earnings per share (EPS) at $1.22. The company reported adjusted EBITDA of $740 million, up 32% year over year, and free cash flow of $359 million. Howmet Aerospace completed the acquisition of Consolidated Aerospace Manufacturing, LLC for approximately $1.8 billion and repurchased $300 million of its common stock. The company also sold its disk forging facility in Savannah, GA for approximately $230 million. Howmet Aerospace increased its full-year 2026 guidance, reflecting the strong start to the year and the impact of recent acquisitions.
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About Howmet Aerospace Inc.
Howmet Aerospace Inc. is a leading global provider of advanced engineered solutions for the aerospace industry. With a focus on high-performance multi-material products, the company plays a critical role in enhancing the efficiency, reliability, and safety of both commercial and military aircraft. Howmet Aerospace specializes in manufacturing precision parts such as jet engine components, fasteners, and titanium structural parts, serving major aerospace manufacturers and defense companies worldwide. The firm's technological expertise and innovation in materials science allow it to contribute significantly to advancements in aircraft design and performance. Headquartered in Pittsburgh, Pennsylvania, Howmet Aerospace operates through various plants and facilities around the world, evidencing its significant footprint and influence in the aerospace sector. Its products are integral to modern aircraft, underscoring its vital role in driving forward aerospace engineering and manufacturing capabilities.
Official SEC Documents
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