Citable filing context
HWM's research view summarizes recent SEC filing context, starting with earnings from Aug 6, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 6, 2026 | earnings | Howmet Aerospace reported Q2 2026 revenue of $2.55 billion and adjusted EPS of $1.33, while increasing full-year guidance. |
| May 28, 2026 | other | Filed an 8-K with comprehensive financial disclosures, including details on restructuring and pension plans. |
| May 26, 2026 | management_change | Howmet Aerospace Inc. shareholders elected nine director nominees at the 2026 annual meeting. |
| Aug 6, 2026 | Guidance: adjusted_ebitda | 825.00 to 835.00 |
| Aug 6, 2026 | Guidance: adjusted_ebitda | 3210.00 to 3250.00 |
| Aug 6, 2026 | Guidance: adjusted_eps | 1.34 to 1.36 |
| Aug 6, 2026 | mda_quarterly | Howmet Aerospace reported strong financial growth for the first half of 2026, with sales reaching $4.86 billion, a 22% increase over the same period in 2025. This performance was driven primarily by robust demand in the commercial and defense aerospace and gas turbine markets, which accounted for 68% of total revenue. Key customers GE Aerospace and RTX Corporation represented 14% and 10% of third-party sales, respectively. Strategic growth was bolstered by the $1.81 billion acquisition of Consolidated Aerospace Manufacturing (CAM) and the $120 million acquisition of Brunner, both of which expanded the Fastening Systems segment’s portfolio. Conversely, the company optimized its manufacturing footprint by divesting its Savannah, Georgia disk forging facility, resulting in a $93 million gain. While the company maintains a strong liquidity position, supported by $1 billion in commercial paper capacity and revolving credit facilities, interest expenses rose 22% due to $1.2 billion in new debt issued to fund the CAM acquisition. Management continues to monitor risks including geopolitical tensions, raw material price volatility, and potential supply chain disruptions. Despite these uncertainties, Howmet remains focused on capacity expansion in its Engine Products segment and ongoing share repurchases, having retired 2.5 million shares through June 2026. |
| May 7, 2026 | mda_quarterly | Howmet Aerospace reported a strong first quarter 2026, with sales increasing 19% to $2,313 million and diluted EPS rising to $1.44 from $0.84 year-over-year. Growth stemmed from robust demand in commercial and defense aerospace, and gas turbine markets, including engine spares, favorable product pricing, and effective cost pass-through. Cost of goods sold as a percentage of sales improved to 63.1%, reflecting enhanced operational efficiency. Engine Products sales surged 29% with EBITDA up 44%, driven by aerospace and gas turbine expansion. Fastening Systems sales increased 14% with EBITDA up 18%, bolstered by aerospace demand and strategic Brunner and subsequent Consolidated Aerospace Manufacturing (CAM) acquisitions. Engineered Structures improved profitability via product rationalization, generating a $93 million gain from a facility sale. Forged Wheels' sales rose 17% and EBITDA 32%, aided by cost pass-through and favorable FX despite weaker commercial transportation volumes. Cash from operations increased to $453 million. Financing included issuing $1.2 billion in new notes and $450 million in commercial paper, largely for the CAM acquisition, projected to increase annual interest expense by $50 million. The company also repurchased $300 million in common stock. Howmet maintains investment-grade credit ratings, with recent upgrades, and anticipates managing its November 2026 JPY Term Loan maturity with current liquidity or refinancing. Capital expenditures are forecast at approximately 5% of sales |
Source: SEC EDGAR filing text and events; period Aug 6, 2026; filed Aug 6, 2026.
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