Howmet Aerospace Q3 2026 EPS jumps 49% year over year to $1.42
HWM•Howmet Aerospace reported third-quarter adjusted EPS of $1.46, up 54% year over year, and non-GAAP free cash flow of $562 million, up 33%. It raised full-year adjusted EPS guidance to a $5.50 baseline and expanded its share repurchase authorization by $5 billion to $5.4 billion.
1. Results and guidance
Howmet Aerospace said third-quarter adjusted EBITDA margin reached 32.5%, while adjusted EPS rose 54% year over year to $1.46. Non-GAAP free cash flow increased 33% to $562 million. The company raised its full-year 2026 adjusted EPS guidance to a $5.50 baseline and set fourth-quarter guidance at $1.50; its board expanded the common stock repurchase authorization by $5 billion to $5.4 billion.
