Howmet Aerospace raises 2026 revenue guidance to $10 bln-$10.1 bln from prior baseline
Company lifts 2026 adj EBITDA forecast to $3.21 bln-$3.25 bln, up $170 mln from baseline
Howmet sees 2026 adj EPS at $5.23-$5.31, up $0.33 from previous baseline
Overview
U.S. aerospace components supplier's Q2 revenue rose 24% yr/yr, beating analyst expectations
Adjusted EPS for Q2 rose 46% yr/yr to $1.33
Company completed $1.8 bln CAM acquisition and repurchased $300 mln of stock in Q2
Result Drivers
Market demand - Revenue growth driven by strong demand in commercial aerospace, defense aerospace, and gas turbines markets
Acquisition impact - CAM acquisition contributed to Fastening Systems segment growth and margin expansion
Segment rationalization - Engineered Structures revenue declined due to Savannah facility divestiture and product rationalization
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
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