Howmet Aerospace sees FY25 adjusted EPS $3.13-$3.21, consensus $3.21

Sees FY25 revenue $7.93B-$8.13B, consensus $8.06B. Sees FY25 adjusted EBITDA $2.11B-$2.16B. Sees FY25 free cash flow $1.03B-$1.13B. The company said, “The outlook for commercial aerospace remains solid with rising OEM production rates supported by strong demand as well as continued healthy growth in engine spares demand. We expect continued growth in the defense aerospace and industrial end markets, with the commercial transportation market anticipated to be soft until the second half of 2025. The mid-point of our 2025 revenue growth guidance is increased to approximately 8% year over year compared to the 7.5% outlook provided at third quarter 2024 earnings, and this extra growth is on top of a strong finish to 2024. We continue to employ a cautious view on underlying build rates in our guidance, assuming The Boeing Company produces approximately 25 737-MAX aircraft per month and 6 787 aircraft per month on average across 2025 and Airbus averages mid-50s per month on the A320 and approximately 6 per month on the A350. Free Cash Flow in 2025 is expected to exceed $1 billion with approximately 85% conversion of Net Income*, while investing in additional capital expenditures for growth.”