Howmet Aerospace stock gains as growth lifts outlook

Howmet Aerospace reported its third-quarter 2026 results on Thursday, October 29, with revenue growth accelerating across its aerospace and industrial businesses. The company said in its official earnings release that quarterly revenue reached 2.703 billion US dollars, up 29 percent from the same period a year earlier and 25 percent organically.

Howmet Aerospace stock traded at 191.30 euros on Lang & Schwarz at 13:17 CET on Thursday, November 5, 2026, 0.78 percent above the Xetra close of Wednesday, November 4; the real-time quote of Howmet Aerospace stock is available here.

Strong demand lifts quarterly performance

Adjusted earnings per share increased 54 percent year over year to 1.46 US dollars, while adjusted EBITDA rose 43 percent to 879 million US dollars. The adjusted EBITDA margin expanded by 310 basis points to 32.5 percent. GAAP earnings per share were 1.42 US dollars, compared with 0.95 US dollars a year earlier.

Commercial aerospace revenue advanced 32 percent, defense aerospace revenue increased 10 percent and gas turbine revenue climbed 45 percent. Commercial transportation revenue rose 28 percent. Engine Products generated 1.451 billion US dollars of third-party sales, up 33 percent, while Fastening Systems sales increased 41 percent to 630 million US dollars.

Engineered Structures revenue declined 4 percent to 295 million US dollars, mainly because of the divestiture of the Savannah disk forging facility. Excluding that transaction, the business grew 8 percent. Forged Wheels revenue rose 32 percent to 327 million US dollars, although higher aluminum cost pass-through reduced the segment margin.

Higher targets and capital returns

Howmet raised its full-year 2026 revenue guidance to a baseline of 10.300 billion US dollars, with a range of 10.290 billion to 10.310 billion US dollars. The baseline was increased by 250 million US dollars. Adjusted EBITDA guidance rose to 3.330 billion US dollars, adjusted earnings guidance to 5.50 US dollars per share and free cash flow guidance to 2.000 billion US dollars.

The company also gave an initial 2027 revenue view of approximately 11.5 billion US dollars, representing approximately 12 percent growth from the increased 2026 guidance. Chief Executive Officer John Plant pointed to aircraft order backlogs, expected production increases and stronger gas turbine demand. Howmet plans elevated capital spending beyond 2027 to expand capacity in aerospace, defense and gas turbines.

Cash from operations reached 709 million US dollars in the quarter, while free cash flow was 562 million US dollars after capital expenditure of 147 million US dollars. Howmet repurchased 500 million US dollars of common stock during the quarter and said its board had authorized an additional 5 billion US dollars for buybacks, lifting total authorization to 5.397 billion US dollars. The quarterly dividend was increased 17 percent to 0.14 US dollars per share.

What investors watch next

The results strengthen the investment case around commercial aerospace recovery, aftermarket demand and industrial gas turbine capacity. Investors will nevertheless need to track execution as Howmet increases capital spending and integrates recent acquisitions, while the company’s adjusted figures remain non-GAAP measures that should be read alongside GAAP earnings.

Current market reports and broader sector signals are available through current market reports.

Further company coverage is available in more news and analyses on Howmet Aerospace stock.