Summary
Howmet Aerospace Inc. (HWM) reported strong financial performance for the fiscal year 2025, demonstrating robust growth driven primarily by its aerospace segments. Sales increased by 11% year-over-year to $8.25 billion, propelled by higher volumes, favorable pricing, and cost pass-throughs, particularly in commercial and defense aerospace, as well as the gas turbines market. Net income saw a significant rise of 31% to $1.51 billion, and diluted earnings per share grew by 32% to $3.71. The company's operational efficiency improved, reflected in a higher Segment Adjusted EBITDA of $2.51 billion, a 25% increase from the previous year. Looking ahead to 2026, Howmet anticipates continued sales growth driven by strong demand in its key markets, with planned capital expenditures to support capacity expansion. The company also announced a significant acquisition of Consolidated Aerospace Manufacturing, LLC (CAM) for approximately $1.8 billion, expected to close in the first half of 2026, which is poised to strengthen its Fastening Systems segment. Howmet also recently acquired Brunner Manufacturing Co. Inc. These strategic moves underscore the company's focus on expanding its market position and product offerings.
Financial Highlights
52 data points| Revenue | $8.25B |
| R&D Expenses | $37.00M |
| SG&A Expenses | $370.00M |
| Operating Income | $2.05B |
| Net Income | $1.51B |
| EPS (Basic) | $3.73 |
| EPS (Diluted) | $3.71 |
| Shares Outstanding (Basic) | 404.00M |
| Shares Outstanding (Diluted) | 406.00M |
Key Highlights
- 1Sales increased by 11% to $8.25 billion in 2025, driven by strong performance in aerospace and gas turbine markets.
- 2Net income rose by 31% to $1.51 billion, with diluted EPS increasing by 32% to $3.71.
- 3Segment Adjusted EBITDA grew by 25% to $2.51 billion, indicating improved operational performance.
- 4The company announced the planned acquisition of Consolidated Aerospace Manufacturing, LLC (CAM) for approximately $1.8 billion, expected to close in the first half of 2026.
- 5Howmet also completed the acquisition of Brunner Manufacturing Co. Inc., further bolstering its Fastening Systems segment.
- 6The aerospace segments (commercial and defense) accounted for approximately 70% of revenue in 2025.
- 7The company repurchased approximately 4.4 million shares for $700 million under its share repurchase program.