HWM

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Investor Contact Media Contact

Paul T. Luther Rob Morrison

(412) 553-1950 (412) 553-2666

Paul.Luther@howmet.com Rob.Morrison@howmet.com

Howmet Aerospace Reports Third Quarter 2026 Results

Revenue up 29% Year over Year, Organic Growth 25%; GAAP EPS $1.42, Adjusted EPS $1.46

Healthy Third Quarter Cash Generation; $500 Million Deployed for Common Stock Repurchases

Additional $5 Billion Share Repurchase Authorization by Board of Directors

Full Year 2026 Guidance Increased

Full Year 2027 Revenue Guidance: Approximately $11.5 Billion, Up ~12% Year over Year

Summary Financial Results

Third Quarter

Nine Months

Dollars in Millions; Per share amounts in dollars, diluted 2026 2025 Change

2026 2025 Change

Revenue $2,703 $2,089 29%

$7,563 $6,084 24%

GAAP Metrics

Operating Income $777 $542 43%

$2,241 $1,557 44%

Operating Income Margin 28.7% 25.9% 280bps

29.6% 25.6% 400bps

Earnings per Share (EPS) $1.42 $0.95 49%

$4.18 $2.79 50%

Cash from Operations $709 $531 34%

$1,745 $1,230 42%

Non-GAAP

Metrics1

Adjusted EBITDA $879 $614 43%

$2,436 $1,763 38%

Adjusted EBITDA Margin 32.5% 29.4% 310bps

32.2% 29.0% 320bps

Adjusted Operating Income $786 $542 45%

$2,185 $1,553 41%

Adjusted Operating Income Margin 29.1% 25.9% 320bps

28.9% 25.5% 340bps

Adjusted Earnings per Share (EPS) $1.46 $0.95 54%

$4.01 $2.72 47%

Free Cash Flow $562 $423 33%

$1,400 $901 55%

1 For more information, see “Non-GAAP Financial Measures” and the schedules to this release.

Key Activity

·Repurchased $500 million of common stock in third quarter 2026; $1.1 billion repurchased year to date

·On October 28, 2026, the Board of Directors authorized an increase in the Company’s share repurchase program by $5 billion, resulting in $5.397 billion total authorization

·Increased the quarterly common stock dividend by 17% to $0.14 per share in third quarter 2026

1

PITTSBURGH, PA, October 29, 2026 – Howmet Aerospace (NYSE: HWM) announced results today for the third quarter 2026.

Howmet Aerospace Executive Chairman and Chief Executive Officer John Plant said, “Howmet's performance was solid in all dimensions, with third quarter results exceeding the high end of guidance. Revenue grew 29% year over year and 25% organically, the strongest quarterly growth rate on record for Howmet. Adjusted EBITDA margin expanded 310 basis points year over year to 32.5%. Free cash flow was a robust $562 million after $147 million in capital expenditures, as we continue to invest for growth. The free cash flow supported $500 million in common stock repurchases in the third quarter, lifting year-to-date repurchases to $1.1 billion. The Board of Directors authorized an increase in the share repurchase program by $5 billion to $5.397 billion, reflecting confidence in the Company's strong free cash flow outlook.”

Mr. Plant continued, “Our trajectory points to a healthy fourth quarter and the conclusion of another strong year for Howmet. The commercial aerospace market continues to look robust, underpinned by the extraordinary aircraft order backlog that supports expected production volume increases throughout 2027 and beyond. We do not expect any material impact on our spares demand from the Middle East conflict given the backlog of engine shop visits and requirements to support next generation narrowbody engines. Defense markets remain solid, with further spares needs and likely increases in legacy fighter builds. Of particular note was the 45% year-over-year gas turbines revenue growth, which demonstrates both the extraordinary addition to output and, even more importantly, the increase in market share. Demand in the gas turbines market continues to strengthen with customers looking to increase volumes beyond previous expectations, which supports the outlook beyond 2028. Our capital expenditure plans envisage elevated spend beyond 2027 to support growth in both aerospace and defense as well as gas turbines. Our disciplined focus on free cash flow conversion will remain steadfast throughout this elevated investment period. The commercial transportation market continues to experience recovery in North America. Looking forward to 2027, we envisage revenue of approximately $11.5 billion, representing approximately 12% growth from the increased 2026 guidance.”

2026 Guidance

Dollars in Millions; Per share amounts in dollars, diluted

Q4 2026

Guidance

FY 2026

Guidance

Low

Baseline

High

Low

Baseline

High

Revenue

$ 2,740

$ 2,750

$ 2,760

$ 10,290

$ 10,300

$ 10,310

Baseline Change

+$250

Adj.

EBITDA1

$ 895

$ 900

$ 905

$ 3,325

$ 3,330

$ 3,335

Adj. EBITDA Margin1

32.7 %

32.7 %

32.8 %

32.3 %

32.3 %

32.3 %

Baseline Change

+$100

+20 bps

Adj. Earnings per Share1

$ 1.49

$ 1.50

$ 1.51

$ 5.49

$ 5.50

$ 5.51

Baseline Change

+$0.23

Free Cash Flow1

$ 1,950

$ 2,000

$ 2,050

Baseline Change

+$100

1 Reconciliations of the forward-looking non-GAAP fi

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

FOR

IMMEDIATE RELEASE

Investor Contact Media Contact

Paul T. Luther Rob Morrison

(412) 553-1950 (412) 553-2666

Paul.Luther@howmet.com Rob.Morrison@howmet.com

Howmet Aerospace Reports Second Quarter 2026 Results

Revenue up 24% Year over Year, Organic Growth 21%; GAAP EPS $1.33, Adjusted EPS $1.33

Strong Second Quarter Cash Generation; $300 Million Deployed for Common Stock Repurchases

Full Year 2026 Guidance Increased

Summary Financial Results

Second Quarter

Six Months

Dollars in Millions; Per share amounts in dollars, diluted 2026 2025

Change

2026 2025 Change

Revenue $2,547 $2,053 24%

$4,860 $3,995 22%

GAAP Metrics

Operating Income $711 $521 36%

$1,464 $1,015 44%

Operating Income Margin 27.9% 25.4% 250bps

30.1% 25.4% 470bps

Earnings per Share (EPS) $1.33 $1.00 33%

$2.77 $1.84 51%

Cash from Operations $583 $446 31%

$1,036 $699 48%

Non-GAAP

Metrics1

Adjusted EBITDA $817 $589 39%

$1,557 $1,149 36%

Adjusted EBITDA Margin 32.1% 28.7% 340bps

32.0% 28.8% 320bps

Adjusted Operating Income $733 $520 41%

$1,399 $1,011 38%

Adjusted Operating Income Margin 28.8% 25.3% 350bps

28.8% 25.3% 350bps

Adjusted Earnings per Share (EPS) $1.33 $0.91 46%

$2.56 $1.77 45%

Free Cash Flow $479 $344 39%

$838 $478 75%

1 For more information, see “Non-GAAP Financial Measures” and the schedules to this release.

Key Activity

·Completed acquisition of CAM on April 6, 2026 for approximately $1.8 billion

·Paid down the Company's $186 million Japanese Yen-denominated term loan facility and entered into a separate $300 million cross-currency swap, reducing annualized interest expense by $12 million

·Increased the third quarter common stock dividend by 17% to $0.14 per share

1

PITTSBURGH,

PA, August 6, 2026 – Howmet Aerospace (NYSE: HWM) announced results today for the second quarter 2026.

Howmet Aerospace Executive Chairman and Chief Executive Officer John Plant said, “The Howmet team delivered a strong set of results, with revenue, adjusted EBITDA, adjusted EBITDA margin, and adjusted earnings per share all exceeding the high end of guidance. Revenue growth was healthy at 24% year over year and 21% excluding the net impact of the three asset transactions completed this year. Adjusted EBITDA margin expanded 340 basis points year over year to 32.1%, including the absorption of the CAM fastener acquisition in April. Free cash flow performance was excellent at $479 million after $104 million in capital expenditures, supporting the future growth rate of the Company. The free cash flow also enabled $800 million in common stock repurchases year to date through July, an amount already greater than total repurchases in 2025.”

Mr. Plant continued, “Looking ahead, Howmet is well positioned, with all our major markets in growth mode. More robust build rates for commercial aircraft are supported by record backlogs, while engine spares needs continue to increase. Defense markets remain healthy, and the focus for missiles, drones and collaborative combat aircraft continues with growth expected over the medium term. Demand in the gas turbines market is extraordinary with customers already revisiting and adding to their demand outlooks. The commercial transportation market has begun to recover, as anticipated.”

"Our capital expenditure requirements continue to increase, and we already see the need to increase this further in 2027 to support future organic growth expectations in both the aerospace and gas turbines markets. We closed the CAM acquisition in April, and the integration is on track. Continued healthy cash generation will allow us to achieve pre-CAM leverage levels in short order, with the Company well positioned to consider all paths of capital deployment optionality going forward."

2026 Guidance

Q3 2026

Guidance

FY 2026

Guidance

Dollars in Millions; Per share amounts in dollars, diluted Low Baseline High Low Baseline High

Revenue $2,565 $2,575 $2,585 $10,000 $10,050 $10,100

Baseline +$400

Change

Adj.

EBITDA1

$825 $830 $835 $3,210 $3,230 $3,250

Adj. EBITDA Margin1 32.2% 32.2% 32.3% 32.1% 32.1% 32.2%

Baseline

+$170

Change + 40 bps

Adj. Earnings per Share1 $1.34 $1.35 $1.36 $5.23 $5.27 $5.31

Baseline +$0.33

Change

Free Cash Flow1

$1,850 $1,900 $1,950

Baseline +$150

Change

1 Reconciliations of the forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures, as well as the directly comparable GAAP measures, are not available without unreasonable efforts due to the variability and complexity of the charges and other components excluded from the non-GAAP measures, such as gains or losses on sales of assets, taxes, and any future restructuring or impairment charges. In addition, there is inherent variability already included in the GAAP measures, including, but not limited to, price/mix and volume. Howmet Aerospace believes such reconciliations would imply a degree of precision that would be

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

FOR IMMEDIATE

RELEASE

Investor Contact Media Contact

Paul T. Luther Rob Morrison

(412) 553-1950 (412) 553-2666

Paul.Luther@howmet.com Rob.Morrison@howmet.com

Howmet Aerospace Reports First Quarter 2026 Results

Revenue up 19% Year over Year; GAAP EPS $1.44, Adjusted EPS $1.22

Record First Quarter Cash Generation; $300 Million Deployed for Common Stock Repurchases

Full Year 2026 Guidance Increased

Summary Financial Results

First Quarter

Dollars in Millions; Per share amounts in dollars, diluted 2026 2025 Change

Revenue $2,313 $1,942 19%

GAAP Metrics

Operating Income $753 $494 52%

Operating Income Margin 32.6% 25.4% 720 bps

Earnings per Share (EPS) $1.44 $0.84 71%

Cash from Operations $453 $253 79%

Non-GAAP Metrics1

Adjusted EBITDA $740 $560 32%

Adjusted EBITDA Margin 32.0% 28.8% 320 bps

Adjusted Operating Income $666 $491 36%

Adjusted Operating Income Margin 28.8% 25.3% 350 bps

Adjusted Earnings per Share (EPS) $1.22 $0.86 42%

Free Cash Flow $359 $134 168%

1 For more information, see “Non-GAAP Financial Measures” and the schedules to this release.

Key Activity

· Secured financing for the acquisition of Consolidated Aerospace Manufacturing, LLC (CAM)

· Completed acquisition of CAM on April 6, 2026 for approximately $1.8 billion

· Sold disk forging facility in Savannah, GA on March 31, 2026 for approximately $230 million

PITTSBURGH, PA, May 7, 2026 – Howmet Aerospace (NYSE: HWM) announced results today for the first quarter 2026.

Howmet Aerospace Executive Chairman and Chief Executive Officer John Plant said, “The Howmet team delivered a strong start to 2026, with revenue, adjusted EBITDA, adjusted EBITDA margin, and adjusted earnings per share all exceeding the high end of guidance. Revenue growth accelerated to 19% year over year, driven by strong growth across our key end markets, and adjusted EBITDA margin expanded 320 basis points year over year to 32.0%. Free cash flow performance was outstanding at $359 million after spending $94 million in capital expenditures, supporting the future growth rate of the Company. The free cash flow also enabled $300 million in common stock repurchases.”

1

Mr. Plant continued, “Looking ahead, we see a robust growth outlook in the key markets Howmet serves with its differentiated products and solutions. Commercial aerospace OEM customers continue to target production rate increases supported by record backlogs. Engine spares needs continue to increase, although an effect could be felt from the Iranian conflict. Defense markets remain healthy, while the gas turbines market is also very active. We see signs of demand improvement in commercial transportation, although we remain cautious.”

"The beginning of 2026 was very active regarding the Howmet portfolio, and our updated guidance reflects these changes. We closed the CAM and Brunner acquisitions, adding revenue to Fastening Systems, while also divesting a disk forging business within Engineered Structures. These transactions followed our stated strategy of allocating capital to the businesses that demonstrate higher growth and margin potential. The net revenue effect of the portfolio adjustments in the year's guidance adds approximately $275 million, and the EPS effect is insignificant in 2026 with accretion expected in 2027."

2026 Guidance

Dollars in Millions; Per share amounts in dollars, diluted Q2 2026 Guidance

FY 2026 Guidance

Low Baseline High

Low Baseline High

Revenue $2,390 $2,400 $2,410

$9,575 $9,650 $9,725

Baseline Change +$550

Adj. EBITDA1 $760 $765 $770

$3,025 $3,060 $3,095

Adj. EBITDA Margin1 31.8% 31.9% 32.0%

31.6% 31.7% 31.8%

Baseline Change

+$300

+ 140 bps

Adj. Earnings per Share1 $1.22 $1.23 $1.24

$4.88 $4.94 $5.00

Baseline Change +$0.49

Free Cash Flow1

$1,700 $1,750 $1,800

Baseline Change +$150

1 Reconciliations of the forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures, as well as the directly comparable GAAP measures, are not available without unreasonable efforts due to the variability and complexity of the charges and other components excluded from the non-GAAP measures, such as gains or losses on sales of assets, taxes, and any future restructuring or impairment charges. In addition, there is inherent variability already included in the GAAP measures, including, but not limited to, price/mix and volume. Howmet Aerospace believes such reconciliations would imply a degree of precision that would be confusing or misleading to investors.

Consolidated Results

Howmet Aerospace reported first quarter 2026 revenue of $2.31 billion, up 19% year over year, and Adjusted EPS of $1.22, up 42% year over year. Revenue was driven by 20% growth in the commercial aerospace market, 10% growth in the defense aerospace market and 39% growth in the gas turbines market.

The Company reported adjusted EBITDA of $740 million, up 32% year over year. The year-over-