Howmet Raises FY26 EPS to $4.88–$5.00, Revenue to $9.725B, Declares $0.12 Dividend
Howmet Aerospace raised its fiscal 2026 adjusted EPS outlook to $4.88–$5.00 (versus prior $4.35–$4.55) and revenue guidance to $9.575–$9.725 billion (from $9.0–$9.2 billion) after beating Q1 estimates. The board declared a $0.12 quarterly dividend, and shares jumped 8% pre-market.
1. Q1 Performance
Howmet delivered first-quarter results that surpassed analyst estimates as rising demand in commercial aerospace and gas turbine markets lifted sales and improved operating margins.
2. Guidance Raise
The company set second-quarter adjusted EPS guidance at $1.22–$1.24 on revenues of $2.39–$2.41 billion and raised full-year 2026 adjusted EPS range to $4.88–$5.00 and revenue to $9.575–$9.725 billion, up from prior forecasts of $4.35–$4.55 and $9.0–$9.2 billion, respectively.
3. Dividend and Share Reaction
The board approved a $0.12 per share quarterly dividend payable May 26 to holders of record on May 8, and the stock rose about 8% in pre-market trading following the announcements.