Howmet Aerospace (NYSE:HWM) reported first-quarter 2026 sales of $2.31 billion, with adjusted EBITDA of $740 million and earnings per share of $1.22, exceeding all guidance estimates. Revenue rose 19% year-over-year, while adjusted EBITDA and adjusted EPS increased by 32% and 42%, respectively. The adjusted EBITDA margin expanded to 32%, up 320 basis points from the previous year.
Key growth drivers included a 20% increase in commercial aerospace revenue and a 39% rise in gas turbine revenue, with spares revenue across segments climbing 36% to approximately $520 million. Howmet’s Engine Products segment recorded a 29% revenue increase to $1.25 billion, while Fastening Systems revenue was up 14%. The company successfully acquired Brunner for $120 million and completed the CAM Fastener acquisition for approximately $1.8 billion during the quarter.
For second-quarter 2026, Howmet guided for revenue of $2.4 billion, adjusted EBITDA of $765 million, and adjusted EPS of $1.23. For the full year, revenue is expected to reach $9.65 billion, with an adjusted EBITDA target of $3.06 billion. The company’s free cash flow for the quarter was a record $359 million.
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