Howmet Aerospace Inc. ( (HWM) ) has released its Q1 earnings. Here is a breakdown of the information Howmet Aerospace Inc. presented to its investors.
Howmet Aerospace Inc., based in Pittsburgh, Pennsylvania, is a prominent global provider of advanced engineered solutions for the aerospace and transportation industries, specializing in jet engine components, aerospace fastening systems, and airframe structural components.
In the first quarter of 2025, Howmet Aerospace reported record revenue of $1.94 billion, marking a 6% increase year over year, primarily driven by a 9% growth in the commercial aerospace sector. The company also achieved a record profit and strong cash flow from operations.
Key financial highlights include a net income of $344 million, up from $243 million in the same quarter of 2024, and earnings per share of $0.84 compared to $0.59 the previous year. The company generated $253 million in cash from operations and repurchased $125 million of common stock. Adjusted EBITDA excluding special items rose by 28% to $560 million, with a margin increase of 480 basis points to 28.8%.
Segment performance showed significant growth, particularly in Engine Products, which saw a 13% revenue increase, and Fastening Systems, which experienced a 38% rise in adjusted EBITDA. However, the Forged Wheels segment faced a 13% revenue decline due to lower commercial transportation volumes.
Looking ahead, Howmet Aerospace remains optimistic about continued growth in the commercial aerospace market, driven by increasing air passenger traffic and demand for fuel-efficient aircraft. The company expects to maintain its strong market position despite potential challenges from tariff-related and economic uncertainties, with a widened revenue range and increased guidance for adjusted EBITDA, EPS, and free cash flow for the full year 2025.