Howmet Aerospace stock: Q3 growth lifts outlook and buyback

Howmet Aerospace reported a strong third quarter on Thursday, October 29, 2026, and raised its full-year outlook. In its October 29 results release, the aerospace supplier said revenue increased 29 percent year over year to 2.703 billion US dollars, while organic growth reached 25 percent.

Quarterly growth broadens

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

Commercial aerospace revenue grew 32 percent, while gas turbine revenue climbed 45 percent. Defense aerospace revenue increased 10 percent and commercial transportation revenue rose 28 percent. The company said Engine Products revenue advanced 33 percent to 1.451 billion US dollars, with segment adjusted EBITDA up 57 percent to 567 million US dollars.

Higher targets for 2026

Howmet lifted its 2026 revenue baseline by 250 million US dollars to 10.30 billion US dollars, within a range of 10.290 billion to 10.310 billion US dollars. The adjusted earnings-per-share baseline increased by 0.23 US dollars to 5.50 US dollars, while the free cash flow baseline rose by 100 million US dollars to 2.00 billion US dollars.

Management also introduced an initial 2027 revenue outlook of approximately 11.5 billion US dollars, implying growth of about 12 percent from the increased 2026 guidance. The company linked the outlook to aircraft production increases, a large commercial aerospace backlog and stronger gas turbine demand.

Buybacks add capital support

Howmet repurchased 500 million US dollars of common stock during the quarter and had bought back 1.1 billion US dollars year to date through October 28. On October 28, the board authorized an additional 5 billion US dollars for repurchases, bringing the total remaining authorization to 5.397 billion US dollars. The quarterly dividend was also increased by 17 percent to 0.14 US dollars per share.

Howmet Aerospace stock traded at 190.68 euros on Lang & Schwarz at 16:43 CET on Monday, November 2, 2026, 6.53 percent above the Xetra close of Friday, October 30, 2026 at 179.00 euros. The quote was 6.36 percent above the 179.28 euros recorded in the latest relevant report on November 2 at 07:33 CET.

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