AI Earnings Predictions for Howmet Aerospace Inc. (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 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

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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.”

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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-

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 Fourth Quarter and Full Year 2025 Results

FY 2025: Record Revenue, Up 11% Year Over Year; Record Profit and Cash from Operations

FY 2025: GAAP

EPS Up 32% Year Over Year; Adjusted EPS* Up 40% Year Over Year

FY 2025: $700 Million Deployed for Common Stock Repurchases; $265 Million Debt Reduction

FY 2026: Revenue Growth Guidance at Approximately 10%, Expect Improved Profit and Cash Generation

Fourth Quarter 2025 GAAP Financial Results

·Revenue of $2.2 billion, up 15% year over year (YoY), driven by Commercial Aerospace, up 13%

·Operating Income Margin of 22.6%, down 90 basis points YoY

·Net Income of $372 million versus $314 million in the fourth quarter 2024; Earnings per Share (EPS) of $0.92, up 19% YoY

·Generated $654 million of Cash from Operations; $449 million of Cash used for Financing Activities; and $122 million of Cash used for Investing Activities

·Share repurchases of $200 million; paid $0.12 per share common stock dividend

Fourth Quarter 2025 Adjusted Financial Results

·Adjusted EBITDA excluding special items of $653 million, up 29% YoY

·Adjusted EBITDA margin excluding special items of 30.1%, up 330 basis points YoY

·Adjusted Operating Income Margin excluding special items of 26.8%, up 380 basis points YoY

·Adjusted EPS excluding special items of $1.05, up 42% YoY

·Generated $530 million of Free Cash Flow

Full Year 2025 GAAP Financial Results

·Revenue of $8.3 billion, up 11% YoY, driven by Commercial Aerospace, up 12%

·Operating Income Margin of 24.8%, up 280 basis points YoY

·Net Income of $1.5 billion versus $1.2 billion in 2024; EPS of $3.71 versus $2.81 in 2024

·Generated $1.9 billion of Cash from Operations; $1.3 billion of Cash used for Financing Activities; and $0.4 billion of Cash used for Investing Activities

·Share repurchases of $700 million; paid $0.44 per share common stock dividend

Full Year 2025 Adjusted Financial Results

·Adjusted EBITDA excluding special items of $2.4 billion, up 26% YoY

·Adjusted EBITDA margin excluding special items of 29.3%, up 350 basis points YoY

·Adjusted Operating Income Margin excluding special items of 25.8%, up 380 basis points YoY

·Adjusted EPS excluding special items of $3.77, up 40% YoY

·Generated $1.4 billion of Free Cash Flow

* Excluding special items

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2026 Guidance

Q1 2026 Guidance

FY 2026 Guidance

Low Baseline High

Low Baseline High

Revenue

$2.225B

$2.235B

$2.245B

$9.000B

$9.100B

$9.200B

Adj.

EBITDA*1

$680M

$685M

$690M

$2.710B

$2.760B

$2.810B

Adj. EBITDA Margin*1 30.6% 30.6% 30.7%

30.1% 30.3% 30.5%

Adj. Earnings per Share*1 $1.09 $1.10 $1.11

$4.35 $4.45 $4.55

Free Cash Flow1

$1.550B

$1.600B

$1.650B

Key Announcements

·Entered into definitive agreement to acquire Consolidated Aerospace Manufacturing, LLC (CAM) from Stanley Black & Decker, Inc. (NYSE: SWK) for an all-cash purchase price of approximately $1.8 billion on December 22, 2025

·Acquired Brunner Manufacturing Co. Inc., a small, privately held producer of high-quality fastener products in an all-cash transaction on February 6, 2026

·Repurchased $200 million of common stock in fourth quarter 2025 at an average price of $194.61 per share

·Repurchased additional $150 million of common stock in 2026 year to date at an average price of $215.28 per share

·Paid a quarterly dividend of $0.12 per share on common stock in fourth quarter 2025, up 50% YoY. Declared a dividend of $0.12 per share on common stock in the first quarter 2026

·Issued $500 million of 4.55% Notes due 2032; Redeemed all outstanding principal amount of $625 million of 5.90% Notes due 2027; Reduces annualized interest expense by approximately $14 million. Debt actions taken during 2025 reduced debt by approximately $265 million and annualized interest expense by approximately $22 million

·Redeemed all outstanding Preferred Stock in fourth quarter 2025 for approximately $55 million

·Reduced gross pension obligation by approximately $125 million by annuitizing the remainder of the Company’s UK pension plan

·FY 2026: Revenue growth guidance at approximately 10%, Expect improved profit and cash generation

·Combined the revenue disclosure for the Industrial Gas Turbine and Oil & Gas markets into Gas Turbines

PITTSBURGH, PA, February 12, 2026 – Howmet Aerospace (NYSE: HWM) today reported fourth quarter and full year 2025 results. The Company reported record fourth quarter 2025 revenue of $2.2 billion, up 15% year over year, driven by growth in the commercial aerospace market of 13%, growth in the defense aerospace market of 20%, and growth in the gas turbines market of 32%.

Howmet Aerospace reported Net Income of $372 million, or $0.92 per share, in the fourth quarter 2025 versus $314 million, or $0.77 per share, in the fourth qu