Howmet lifts annual forecasts on robust demand for aircraft parts
HWM•Howmet Aerospace raised its 2026 adjusted profit-per-share forecast to $5.49-$5.51 and revenue forecast to $10.29 billion-$10.31 billion after third-quarter results beat analyst estimates.
1. Raised annual forecasts
Howmet Aerospace raised its 2026 adjusted profit-per-share forecast to $5.49-$5.51, from $5.23-$5.31, and its revenue forecast to $10.29 billion-$10.31 billion, from $10 billion-$10.1 billion.
2. Third-quarter results
Third-quarter adjusted profit rose 54% year over year to $1.46 per share, above analysts’ $1.37 estimate. Revenue increased 29% to $2.70 billion, topping the $2.59 billion estimate.
3. Demand drivers
CEO John Plant said commercial aerospace demand remains robust, supported by a large aircraft order backlog. Gas turbine revenue grew 45% on higher output and market-share gains, while Plant said the Middle East conflict was not expected to materially affect demand for spare engine parts.
