Howmet Aerospace Q1 Earnings Call Highlights

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Howmet Aerospace (NYSE:HWM) reported a stronger-than-expected archetypal 4th of 2026, with absorption citing wide request crossed commercialized aerospace, defence aerospace and concern state turbines, on with continued maturation successful higher-margin spares revenue.

Executive Chairman and Chief Executive Officer John Plant said the institution had “a precise beardown commencement to 2026,” reporting first-quarter income of $2.31 billion, adjusted EBITDA of $740 cardinal and adjusted net per stock of $1.22. Adjusted EBITDA borderline reached 32%, up 320 ground points from the year-earlier quarter.

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• Why Howmet Could Be the Sleeper Aerospace Name of 2025

Chief Financial Officer Patrick Winterlich said revenue, adjusted EBITDA, adjusted EBITDA borderline and adjusted EPS each came successful supra the precocious extremity of the company’s guidance. Revenue roseate 19% twelvemonth implicit year, portion adjusted EBITDA accrued 32%. Adjusted EPS climbed 42% from the archetypal 4th of 2025.

Aerospace and Gas Turbine Demand Drive Growth

Winterlich said commercialized aerospace gross grew 20% successful the quarter, driven by accelerating request for motor spares and supported by a grounds backlog for new, much fuel-efficient aircraft. Commercial aerospace motor spares accrued 48%, with some bequest and next-generation engines contributing.

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Defense aerospace gross roseate 10%, including steadfast spares activity. Gas turbine gross accrued 39%, which Winterlich attributed to higher request for energy generation, particularly earthy state procreation for information centers.

Across commercialized aerospace, defence aerospace and state turbine markets, spares gross roseate 36% to astir $520 cardinal successful the quarter. Spares represented 23% of full gross successful the archetypal quarter, up from 21% for full-year 2025 and 11% successful 2019.

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Commercial proscription gross accrued 13%, but Winterlich said that was driven by the pass-through of higher aluminum costs and tariffs. On a measurement basis, the wheels concern was down 11% arsenic the marketplace downturn continued into the quarter.

Segment Results Show Margin Expansion

Howmet’s Engine Products conception posted gross of $1.25 billion, up 29%. Commercial aerospace gross successful the conception roseate 31%, defence aerospace accrued 13% and state turbines grew 39%. Segment adjusted EBITDA accrued 44% to $458 million, and adjusted EBITDA borderline roseate 400 ground points to 36.6%.