Howmet raises earnings guidance and approves a $5 billion buyback

Howmet Aerospace ($HWM) increased its 2026 revenue forecast to $10.290–10.310 billion and adjusted EPS guidance to $5.49–5.51. It also issued an initial 2027 revenue expectation of approximately $11.5 billion, implying growth of around 12%. The outlook follows third-quarter 2026 sales of $2.70 billion, up 29%, including 25% organic growth. Adjusted EPS increased 54% to $1.46, compared with GAAP EPS of $1.42.

Commercial-aerospace demand and gas-turbine growth supported the quarter, which generated $562 million of free cash flow. The board approved an additional $5 billion share-repurchase authorization, bringing remaining capacity to approximately $5.40 billion. This is permission for future purchases, distinct from the $500 million actually spent on buybacks during the quarter. The 2027 revenue figure is an initial forecast rather than contracted or achieved sales.

Sources:

• PR Newswire
• howmet.com