Howmet Raises Outlook As Boeing Demand Rises

Howmet Aerospace beat Q3 expectations, reporting $2.09 billion in revenue (up about 13.8% year‑over‑year) and $0.95 in adjusted EPS; adjusted EBITDA rose roughly 26% and margins expanded to about 29.4%. The company said growth in both commercial and defense aerospace underpinned results and used strong cash flow for share repurchases, debt reduction and dividends. Management raised full‑year revenue and adjusted‑profit guidance to about $8.18–$8.20 billion and $3.66–$3.68, citing stronger jet production at customers such as Boeing. For the fourth quarter it guided revenue of $2.09–$2.11 billion and adjusted EPS of $0.94–$0.96, implying roughly 11.1% year‑over‑year growth for the quarter. Howmet outlined a 2026 revenue target near $9 billion (around 10% growth), a slowdown from the current ~14% pace, while sell‑side analysts expect roughly 9.8% revenue growth over the next 12 months. The 2026 slowdown weighed on shares in premarket trading, even as Howmet’s stock has outperformed the broader market year‑to‑date.