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Howmet Aerospace (HWM)
NYSE:HWM
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.11Last Year’s EPS
0.86Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive performance story: record revenue, EBITDA, margins, EPS and free cash flow with accelerating spares and gas turbine growth, meaningful debt reduction, active capital deployment (buybacks/dividends) and strategic M&A. Notable challenges include weakness in wheels/commercial transportation volumes, near-term margin drag from hiring and capex ramp, input-cost/tariff pass-throughs and dependence on OEM aircraft build rates. Overall, the positives and momentum materially outweigh the manageable headwinds.Company Guidance
Strong Top-Line Growth
Q4 revenue of $2.17B, up 15% YoY; full year revenue up 11% to a record level.
Robust EBITDA and Margin Expansion
Q4 adjusted EBITDA of $653M, up 29% YoY; full year adjusted EBITDA of $2.42B, up 26% YoY. Full year EBITDA margin improved 350 bps to 29.3% with a Q4 exit rate of 30.1%.
Record Free Cash Flow and Strong Conversion
Free cash flow of $1.43B (record), more than $100M above guidance; free cash flow conversion of net income was 93% (target 90%).
Earnings Per Share Growth
Q4 adjusted EPS $1.05, up 42% YoY; full year adjusted EPS $3.77, up 40% YoY.
Engine Products Segment Records
Engine Products Q4 revenue $1.16B, up 20% YoY; segment EBITDA up 31% to $396M; full year engine revenue up 16% to $4.3B and EBITDA margin 33.3% (record).
Spares Acceleration
Combined commercial aerospace, defense aerospace and gas turbine spares grew ~33% for the year to $1.7B and now represent 21% of total revenue (versus 17% in 2024 and 11% pre-2019).
Gas Turbine Market Momentum
Gas turbine revenue up 32% in Q4 and up 25% for the full year; company expects base gas turbine revenue to roughly double from ~$1B to ~$2B over 3–5 years.
Balance Sheet and Liquidity Strengthening
Net debt to trailing EBITDA at a record low of 1x; debt reduced by $265M in 2025; year-end cash balance $743M; $1B revolver and $1B commercial paper unused.
Capital Deployment and Shareholder Returns
Deployed ~$1.2B in buybacks, preferred redemption, debt paydown and dividends in 2025. Repurchased $700M of common stock (4.4M shares) in 2025 plus $150M in early 2026; dividend increased 69% to $181M ($0.44/share).
Strategic Portfolio Actions and Pension De-risking
Completed purchase of a fastener business in Wisconsin and agreed to acquire a larger aerospace fastener & fittings business for $1.8B; annuitized U.K. pension plan reducing gross pension obligations by $128M with no 2025 contributions required.
HWM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HWM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $230.85 | $244.79 | +6.04% |
Oct 30, 2025 | $203.24 | $201.54 | -0.84% |
Jul 31, 2025 | $191.79 | $179.44 | -6.44% |
May 01, 2025 | $138.24 | $147.67 | +6.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Howmet Aerospace (HWM) report earnings?
Howmet Aerospace (HWM) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Howmet Aerospace (HWM) earnings time?
Howmet Aerospace (HWM) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HWM EPS forecast?
HWM EPS forecast for the fiscal quarter 2026 (Q1) is 1.11.