Howmet Aerospace rises after raising annual profit and revenue forecasts
HWM•Howmet Aerospace shares rose about 8% premarket after the company raised its 2026 adjusted EPS forecast to $5.49-$5.51 from $5.23-$5.31 and revenue forecast to $10.29-$10.31 billion from $10 billion-$10.1 billion.
1. Higher 2026 forecasts
Howmet Aerospace raised its 2026 profit and revenue forecasts, citing robust demand from planemakers for engine components and industrial gas turbine parts. It now expects adjusted EPS of $5.49 to $5.51, compared with its previous forecast of $5.23 to $5.31, and annual revenue of $10.29 billion to $10.31 billion, versus $10 billion to $10.1 billion earlier.
2. Shares rise premarket
Howmet shares rose about 8% to $210 in premarket trading. As of the prior close, the stock was down about 5% year to date.
