Howmet Aerospace Inc. (HWM) Form 10-Q — Aug 6, 2026
Howmet Aerospace's Q2 2026 sales rose 24% year over year to $2,547 million, with net income of $534 million and diluted EPS of $1.33 versus $1.00 a year ago, driven by commercial and defense aerospace and gas turbine demand, including engine spares growth and favorable pricing. The company completed two fastener acquisitions in 2026: Consolidated Aerospace Manufacturing from Stanley Black & Decker for approximately $1,812 million and Brunner Manufacturing for approximately $120 million, while divesting its Savannah, Georgia disk forging facility for $230 million at a $93 million gain.
Key figures
- Eps
- $1.33 diluted in Q2 2026 ($2.77 for six months) vs $1.00 ($1.84) a year ago
- Revenue
- $2,547M in Q2 2026 ($4,860M for six months)
- Net Income
- $534M in Q2 2026 ($1,114M for six months)
- Total Debt
- $4,501M total ($4,050M long-term, $450M commercial paper)
- Revenue Yoy
- +24% in Q2, +22% for six months
- Cash Position
- $563M as of June 30, 2026
- Interest Rate
- 4.018% weighted average on $450M commercial paper outstanding
- Shares Outstanding
- 398801399
- Goodwill musd
- 5084
- Total assets musd
- 13251
- Buybacks h1 2026 musd
- 600
- Cam acquisition price musd
- 1812
- Dividend per share q2 2026
- 0.12
- Aerospace revenue share pct
- 68
- Notes issued march 2026 musd
- 1200
- Operating income q2 2026 musd
- 711
- Brunner acquisition price musd
- 120
- Savannah divestiture gain musd
- 93
- Operating cash flow h1 2026 musd
- 1036
- Effective tax rate before discrete
- 20.9%
- Savannah divestiture proceeds musd
- 230
- Buyback authorization remaining musd
- 697
- Segment adjusted ebitda q2 2026 musd
- 846
Price after filing
Close on the filing date to close N calendar days later (from $288.20). Historical, not a forecast.
AI analysis
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