Howmet Aerospace (HWM) official guidance
Howmet Aerospace (HWM) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteHWMHowmet Aerospace Inc.FY2028+ · ends 2028-12-31
1 metric1 newearnings call · 1d
2026-10-29 15:26:51 UTCa very continuing high level of capital expenditurenew
The way things are shaping is that I sense that we're going to have a very continuing high level of capital expenditure into 2028.
HWM · transcript · Q3 FY2026
2026-10-29 15:26:00 UTCOpen source
HWMHowmet Aerospace Inc.FY2026 · ends 2026-12-31
1 metric1 raisedearnings call · 1d
2026-10-29 15:26:51 UTC$3.3Braised +3.1%
For the full year, the guidance increased again across the board to revenues of $10.3 billion, plus or minus $10 million, EBITDA at $3.33 billion plus or minus $5 million, and earnings per share at $5.50, plus or minus a penny.
HWM · transcript · Q3 FY2026
2026-10-29 15:26:00 UTCOpen source
2026-08-07 04:01:06 UTC$3.2Bmaintained
For the full year guide, this has increased again to revenue of $10.05 billion ±$50 million, EBITDA of $3.23 billion ±$20 million, earnings per share of $5.27 ±$0.04.
HWM · transcript · Q2 FY2026
2026-08-07 04:00:00 UTCOpen source
2026-08-06 11:01:26 UTC$3.2B – $3.3Braised +5.6%
| **Adj. EBITDA1** | $ | 825 | | $ | 830 | | $ | 835 | | | $ | 3,210 | | $ | 3,230 | | $ | 3,250 |
HWM · EX-99.1 · Q2 FY2026
2026-08-06 11:00:35 UTCOpen source
2026-05-08 04:01:45 UTC$3.1Bmaintained
Our full-year guide numbers are revenue of $9.65 billion ±$75 million, EBITDA of $3.06 billion ±$35 million, earnings per share of $4.94 ±$0.06, and free cash flow of $1.75 billion ±$50 million.
HWM · transcript · Q1 FY2026
2026-05-08 04:00:00 UTCOpen source
2026-05-07 11:01:18 UTC$3B – $3.1Braised +10.9%
| **Adj. EBITDA1** | $760 | $765 | $770 | $3,025 | $3,060 | $3,095 |
HWM · EX-99.1 · Q1 FY2026
2026-05-07 11:00:25 UTCOpen source
2026-02-13 05:01:23 UTC$2.8Bmaintained
For 2026, the numbers provided exclude the acquisition of CAM. Revenue of $9.1 billion ±$100 million, EBITDA of $2.76 billion ±$50 million, earnings per share of $4.45 ±$0.01, and finally, free cash flow of $1.6 billion ±$50 million.
HWM · transcript · Q4 FY2025
2026-02-13 05:00:00 UTCOpen source
2026-02-12 12:01:52 UTC$2.7B – $2.8Bnew
| **Adj. EBITDA*1** | $680M | $685M | $690M | $2.710B | $2.760B | $2.810B |
HWM · EX-99.1 · Q4 FY2025
2026-02-12 12:00:36 UTCOpen source
HWMHowmet Aerospace Inc.Q4 FY2026 · ends 2026-12-31
1 metric1 maintainedearnings call · 1d
2026-10-29 15:26:51 UTC$900Mmaintained
We envisage revenues to be approximately $2.75 billion plus or minus $10 million, EBITDA at $900 million plus or minus $5 million, earnings per share at $1.50 plus or minus a penny.
HWM · transcript · Q3 FY2026
2026-10-29 15:26:00 UTCOpen source
2026-10-29 11:06:51 UTC$895M – $905Mnew
| **Adj. EBITDA1** | $ | 895 | | $ | 900 | | $ | 905 |
HWM · EX-99.1 · Q3 FY2026
2026-10-29 11:05:34 UTCOpen source
HWMHowmet Aerospace Inc.FY2026 · ends 2026-12-31
1 metric1 raisedearnings call · 1d
2026-10-29 15:26:51 UTC$5.5raised +4.4%
For the full year, the guidance increased again across the board to revenues of $10.3 billion, plus or minus $10 million, EBITDA at $3.33 billion plus or minus $5 million, and earnings per share at $5.50, plus or minus a penny.
HWM · transcript · Q3 FY2026
2026-10-29 15:26:00 UTCOpen source
2026-08-07 04:01:06 UTC$5.27maintained
For the full year guide, this has increased again to revenue of $10.05 billion ±$50 million, EBITDA of $3.23 billion ±$20 million, earnings per share of $5.27 ±$0.04.
HWM · transcript · Q2 FY2026
2026-08-07 04:00:00 UTCOpen source
2026-08-06 11:01:26 UTC$5.23 – $5.31raised +6.7%
| **Adj. Earnings per Share1** | $ | 1.34 | | $ | 1.35 | | $ | 1.36 | | | $ | 5.23 | | $ | 5.27 | | $ | 5.31 |
HWM · EX-99.1 · Q2 FY2026
2026-08-06 11:00:35 UTCOpen source
2026-05-08 04:01:45 UTC$4.94maintained
Our full-year guide numbers are revenue of $9.65 billion ±$75 million, EBITDA of $3.06 billion ±$35 million, earnings per share of $4.94 ±$0.06, and free cash flow of $1.75 billion ±$50 million.
HWM · transcript · Q1 FY2026
2026-05-08 04:00:00 UTCOpen source
2026-05-07 11:01:18 UTC$4.88 – $5raised +11.0%
| **Adj. Earnings per Share1** | $1.22 | $1.23 | $1.24 | $4.88 | $4.94 | $5.00 |
HWM · EX-99.1 · Q1 FY2026
2026-05-07 11:00:25 UTCOpen source
2026-02-13 05:01:23 UTC$4.45maintained
For 2026, the numbers provided exclude the acquisition of CAM. Revenue of $9.1 billion ±$100 million, EBITDA of $2.76 billion ±$50 million, earnings per share of $4.45 ±$0.01, and finally, free cash flow of $1.6 billion ±$50 million.
HWM · transcript · Q4 FY2025
2026-02-13 05:00:00 UTCOpen source
2026-02-12 12:01:52 UTC$4.35 – $4.55new
| **Adj. Earnings per Share*1** | $1.09 | $1.10 | $1.11 | $4.35 | $4.45 | $4.55 |
HWM · EX-99.1 · Q4 FY2025
2026-02-12 12:00:36 UTCOpen source
HWMHowmet Aerospace Inc.Q4 FY2026 · ends 2026-12-31
1 metric1 maintainedearnings call · 1d
2026-10-29 15:26:51 UTC$1.5maintained
We envisage revenues to be approximately $2.75 billion plus or minus $10 million, EBITDA at $900 million plus or minus $5 million, earnings per share at $1.50 plus or minus a penny.
HWM · transcript · Q3 FY2026
2026-10-29 15:26:00 UTCOpen source
2026-10-29 11:06:51 UTC$1.49 – $1.51new
| **Adj. Earnings per Share1** | $ | 1.49 | | $ | 1.50 | | $ | 1.51 |
HWM · EX-99.1 · Q3 FY2026
2026-10-29 11:05:34 UTCOpen source
HWMHowmet Aerospace Inc.FY2026 · ends 2026-12-31
2 metrics2 newearnings call · 1d
2026-10-29 15:26:51 UTC$2Bnew39.8% vs FY2025
Free cash flow has been increased to $2 billion, plus or minus $50 million.
HWM · transcript · Q3 FY2026
2026-10-29 15:26:00 UTCOpen source
2026-10-29 15:26:51 UTCsimilar to the exit level of 2025new
Yet our leverage level at the end of 2026 is expected to be similar to the exit level of 2025.
HWM · transcript · Q3 FY2026
2026-10-29 15:26:00 UTCOpen source
HWMHowmet Aerospace Inc.FY2030+ · ends 2030-12-31
1 metric1 newearnings call · 1d
2026-10-29 15:26:51 UTC$2.5Bnew
And maybe it will rise to 2.5 times inside five years, which would take those sales to about $2.5 billion by the end of the decade.
HWM · transcript · Q3 FY2026
2026-10-29 15:26:00 UTCOpen source
HWMHowmet Aerospace Inc.FY2026 · ends 2026-12-31
1 metric1 raisedearnings call · 1d
2026-10-29 15:26:51 UTC$10.3Braised +2.5%24.8% vs FY2025
For the full year, the guidance increased again across the board to revenues of $10.3 billion, plus or minus $10 million, EBITDA at $3.33 billion plus or minus $5 million, and earnings per share at $5.50, plus or minus a penny.
HWM · transcript · Q3 FY2026
2026-10-29 15:26:00 UTCOpen source
2026-08-07 04:01:06 UTC$10.1Bmaintained21.8% vs FY2025
For the full year guide, this has increased again to revenue of $10.05 billion ±$50 million, EBITDA of $3.23 billion ±$20 million, earnings per share of $5.27 ±$0.04.
HWM · transcript · Q2 FY2026
2026-08-07 04:00:00 UTCOpen source
2026-08-06 11:01:26 UTC$10B – $10.1Braised +4.1%21.2% – 22.4% vs FY2025
| Revenue | $ | 2,565 | | $ | 2,575 | | $ | 2,585 | | | $ | 10,000 | | $ | 10,050 | | $ | 10,100 |
HWM · EX-99.1 · Q2 FY2026
2026-08-06 11:00:35 UTCOpen source
2026-05-08 04:01:45 UTC$9.7Bmaintained16.9% vs FY2025
Our full-year guide numbers are revenue of $9.65 billion ±$75 million, EBITDA of $3.06 billion ±$35 million, earnings per share of $4.94 ±$0.06, and free cash flow of $1.75 billion ±$50 million.
HWM · transcript · Q1 FY2026
2026-05-08 04:00:00 UTCOpen source
2026-05-07 11:01:18 UTC$9.6B – $9.7Braised +6.0%16% – 17.9% vs FY2025
| **Revenue** | $2,390 | $2,400 | $2,410 | $9,575 | $9,650 | $9,725 |
HWM · EX-99.1 · Q1 FY2026
2026-05-07 11:00:25 UTCOpen source
2026-02-13 05:01:23 UTC$9.1Bmaintained10.3% vs FY2025
For 2026, the numbers provided exclude the acquisition of CAM. Revenue of $9.1 billion ±$100 million, EBITDA of $2.76 billion ±$50 million, earnings per share of $4.45 ±$0.01, and finally, free cash flow of $1.6 billion ±$50 million.
HWM · transcript · Q4 FY2025
2026-02-13 05:00:00 UTCOpen source
2026-02-12 12:01:52 UTC$9B – $9.2Braised +1.1%
| **Revenue** | $2.225B | $2.235B | $2.245B | $9.000B | $9.100B | $9.200B |
HWM · EX-99.1 · Q4 FY2025
2026-02-12 12:00:36 UTCOpen source
2025-10-31 04:01:08 UTC$9Bmaintained
Being a little bit more specific regarding the 2026 outlook, we see revenues of $9 billion±, which is an increase of about 10% year on year.
HWM · transcript · Q3 FY2025
2025-10-31 04:00:00 UTCOpen source
2025-10-30 11:06:35 UTC$9Bnew
Our 2026 outlook envisions revenue of approximately $9 billion, up ~10% year over year.
HWM · EX-99.1 · Q3 FY2025
2025-10-30 11:05:46 UTCOpen source
HWMHowmet Aerospace Inc.FY2027 · ends 2027-12-31
1 metric1 maintainedearnings call · 1d
2026-10-29 15:26:51 UTC$11.5Bmaintained
Perhaps the most important view is the initial growth outlook for 2027, which is seen at 12% plus or minus half a percent, resulting in revenues of approximately $11.5 billion.
HWM · transcript · Q3 FY2026
2026-10-29 15:26:00 UTCOpen source
2026-10-29 11:06:51 UTC$11.5Bnew
Looking forward to 2027, we envisage revenue of approximately $11.5 billion, representing approximately 12% growth from the increased 2026 guidance.
HWM · EX-99.1 · Q3 FY2026
2026-10-29 11:05:34 UTCOpen source
HWMHowmet Aerospace Inc.Q4 FY2026 · ends 2026-12-31
1 metric1 maintainedearnings call · 1d
2026-10-29 15:26:51 UTC$2.8Bmaintained26.8% vs Q4 FY2025
We envisage revenues to be approximately $2.75 billion plus or minus $10 million, EBITDA at $900 million plus or minus $5 million, earnings per share at $1.50 plus or minus a penny.
HWM · transcript · Q3 FY2026
2026-10-29 15:26:00 UTCOpen source
2026-10-29 11:06:51 UTC$2.7B – $2.8Bnew26.4% – 27.3% vs Q4 FY2025
| Revenue | $ | 2,740 | | $ | 2,750 | | $ | 2,760 |
HWM · EX-99.1 · Q3 FY2026
2026-10-29 11:05:34 UTCOpen source
HWMHowmet Aerospace Inc.FY2027 · ends 2027-12-31
1 metric1 newearnings call · 1d
2026-10-29 15:26:51 UTCup in 2027new
But we do expect our defense sales to be up in 2027 from what we already know.
HWM · transcript · Q3 FY2026
2026-10-29 15:26:00 UTCOpen source
HWMHowmet Aerospace Inc.Q4 FY2026 · ends 2026-12-31
1 metric1 newearnings release · 1d
2026-10-29 11:06:51 UTC32.7% – 32.8%new
| **Adj. EBITDA Margin1** | | 32.7 | % | | 32.7 | % | | 32.8 | % |
HWM · EX-99.1 · Q3 FY2026
2026-10-29 11:05:34 UTCOpen source
HWMHowmet Aerospace Inc.FY2026 · ends 2026-12-31
2 metrics1 raisedearnings release · 1d
2026-10-29 11:06:51 UTC$1.9B – $2Braised +5.3%
| **Free Cash Flow1** | | | | | | | | | | $ | 1,950 | | $ | 2,000 | | $ | 2,050 |
HWM · EX-99.1 · Q3 FY2026
2026-10-29 11:05:34 UTCOpen source
2026-08-07 04:01:06 UTC$1.9Bmaintained
Free cash flow is seen to be $1.9 billion ±$50 million.
HWM · transcript · Q2 FY2026
2026-08-07 04:00:00 UTCOpen source
2026-08-06 11:01:26 UTC$1.9B – $1.9Braised +8.6%
| **Free Cash Flow1** | | | | | | | | | $ | 1,850 | | $ | 1,900 | | $ | 1,950 |
HWM · EX-99.1 · Q2 FY2026
2026-08-06 11:00:35 UTCOpen source
2026-05-08 04:01:45 UTC$1.8Bmaintained
Our full-year guide numbers are revenue of $9.65 billion ±$75 million, EBITDA of $3.06 billion ±$35 million, earnings per share of $4.94 ±$0.06, and free cash flow of $1.75 billion ±$50 million.
HWM · transcript · Q1 FY2026
2026-05-08 04:00:00 UTCOpen source
2026-05-07 11:01:18 UTC$1.7B – $1.8Braised +9.4%
| **Free Cash Flow1** | | | | $1,700 | $1,750 | $1,800 |
HWM · EX-99.1 · Q1 FY2026
2026-05-07 11:00:25 UTCOpen source
2026-02-13 05:01:23 UTC$1.6Bmaintained
For 2026, the numbers provided exclude the acquisition of CAM. Revenue of $9.1 billion ±$100 million, EBITDA of $2.76 billion ±$50 million, earnings per share of $4.45 ±$0.01, and finally, free cash flow of $1.6 billion ±$50 million.
HWM · transcript · Q4 FY2025
2026-02-13 05:00:00 UTCOpen source
2026-02-12 12:01:52 UTC$1.6B – $1.6Bnew
| **Free Cash Flow1** | | | | $1.550B | $1.600B | $1.650B |
HWM · EX-99.1 · Q4 FY2025
2026-02-12 12:00:36 UTCOpen source
2026-08-07 04:01:06 UTCat least $500M10.4% vs FY2025
Our capital expenditure requirements continue to increase, and while this year we are now likely to exceed $500 million in capital spend, we are already seeing the need to further increase this in 2027.
HWM · transcript · Q2 FY2026
2026-08-07 04:00:00 UTCOpen source
2026-05-08 04:01:45 UTC$500M10.4% vs FY2025
We're seeing more like now this year, $500 million of CapEx.
HWM · transcript · Q1 FY2026
2026-05-08 04:00:00 UTCOpen source
2025-10-31 04:01:08 UTCat high levelsnew
We expect that capital expenditures in 2026 and indeed going into 2027 will be also at high levels, while not disturbing what our fundamental aim is, which is to convert 90% of our net income into free cash flow.
HWM · transcript · Q3 FY2025
2025-10-31 04:00:00 UTCOpen source
HWMHowmet Aerospace Inc.FY2027 · ends 2027-12-31
1 metricearnings call · 2026-08-07 04:01:06 UTC
2026-08-07 04:01:06 UTCfurther increase this in 2027
Our capital expenditure requirements continue to increase, and while this year we are now likely to exceed $500 million in capital spend, we are already seeing the need to further increase this in 2027.
HWM · transcript · Q2 FY2026
2026-08-07 04:00:00 UTCOpen source
2025-10-31 04:01:08 UTCa significant number for CapExnew
That causes me to believe that 2027 is also going to be a significant number for CapEx.
HWM · transcript · Q3 FY2025
2025-10-31 04:00:00 UTCOpen source
HWMHowmet Aerospace Inc.Q3 FY2026 · ends 2026-09-30
2 metrics2 maintainedearnings call · 2026-08-07 04:01:06 UTC
2026-08-07 04:01:06 UTC$830Mmaintained
our numbers are: revenue in the third quarter of $2.75 billion ±$10 million, EBITDA of $830 million ±$5 million, earnings per share of $1.35 ±$0.01.
HWM · transcript · Q2 FY2026
2026-08-07 04:00:00 UTCOpen source
2026-08-06 11:01:26 UTC$825M – $835Mnew
| **Adj. EBITDA1** | $ | 825 | | $ | 830 | | $ | 835 |
HWM · EX-99.1 · Q2 FY2026
2026-08-06 11:00:35 UTCOpen source
2026-08-07 04:01:06 UTC$1.35maintained
our numbers are: revenue in the third quarter of $2.75 billion ±$10 million, EBITDA of $830 million ±$5 million, earnings per share of $1.35 ±$0.01.
HWM · transcript · Q2 FY2026
2026-08-07 04:00:00 UTCOpen source
2026-08-06 11:01:26 UTC$1.34 – $1.36new
| **Adj. Earnings per Share1** | $ | 1.34 | | $ | 1.35 | | $ | 1.36 |
HWM · EX-99.1 · Q2 FY2026
2026-08-06 11:00:35 UTCOpen source
HWMHowmet Aerospace Inc.FY2026 · ends 2026-12-31
2 metrics2 newearnings call · 2026-08-07 04:01:06 UTC
2026-08-07 04:01:06 UTC90%new
The outlook for free cash flow conversion and net income is maintained at our 90% target conversion throughout the period.
HWM · transcript · Q2 FY2026
2026-08-07 04:00:00 UTCOpen source
2026-08-07 04:01:06 UTC1.00xnew
Continued healthy cash generation should allow us to return our leverage level back to approximately one times net debt to EBITDA by year-end, the same level that we exited 2025.
HWM · transcript · Q2 FY2026
2026-08-07 04:00:00 UTCOpen source