Howmet Aerospace gains on upbeat annual forecast
HWM•Howmet shares rise after higher forecast
Shares of aircraft parts maker Howmet Aerospace HWM.N were up nearly 4% to $302.50 in premarket trading.
- The company lifted its 2026 profit forecast, helped by strong demand for aircraft and replacement parts.
- It expects adjusted profit per share in the range of $5.23 to $5.31, compared with its previous forecast of $4.88 to $5.00 per share.
- It reported second-quarter profit of $1.33 per share, versus $1.00 per share a year earlier.
- It forecasts annual revenue to range between $10 billion and $10.1 billion, compared with its prior view of $9.58 billion to $9.73 billion.
- Second-quarter revenue jumped 24% to $2.55 billion, above analysts' estimate of $2.43 billion, data compiled by LSEG showed.
- As of the last close, the stock had risen 42% year to date.
