Howmet Aerospace Reports Strong Q3 2026 Results and Raises Full-Year Guidance
Howmet Aerospace (HWM) delivered robust third-quarter 2026 financial results, characterized by a 29% year-over-year revenue increase to $2.70 billion and a 54% surge in adjusted earnings per share to $1.46. Growth was primarily driven by strong demand in the commercial aerospace and gas turbine markets, with Engine Products revenue rising 33%. The company also achieved a record quarterly free cash flow of $562 million. Following these results, management raised its full-year 2026 guidance for revenue, adjusted EBITDA, and adjusted EPS. To drive shareholder value, the board authorized an additional $5 billion for share repurchases. While performance remains strong, leadership noted potential headwinds regarding high fuel prices impacting airline schedules and geopolitical tensions in the Middle East affecting flight frequencies.
Topics: Aerospace Earnings Per Share EBITDA Free Cash Flow Gas Turbine Revenue Growth Share Repurchase Program