Howmet Aerospace surges on record Q1 profitability and strategic portfolio expansion

Howmet Aerospace (NYSE:HWM) reported record profitability and significant portfolio growth for the first quarter of 2026, as robust demand in the commercial aerospace and defense sectors drove results well above analyst expectations.

For the quarter ended March 31, 2026, the Pittsburgh-based manufacturer posted revenue of $2.31 billion, a 19% increase compared to the prior-year period.

The company’s bottom-line performance was equally impressive, with GAAP diluted EPS reaching $1.44.

On an adjusted basis, EPS surged 42% to $1.22.

Efficiency gains and high volume drove adjusted EBITDA to $740 million, with margins expanding 320 basis points year-over-year to a record 32%.

The first quarter marked a period of intense strategic activity.

On April 6, 2026, Howmet finalized its $1.8 billion all-cash acquisition of Consolidated Aerospace Manufacturing (CAM) from Stanley Black & Decker.

The deal adds a critical portfolio of precision fasteners and fluid fittings to Howmet’s existing fastening systems business.

In February, the company acquired Wisconsin-based Brunner Manufacturing to expand its reach into large-size structural fasteners for agricultural and commercial vehicle markets.

On March 31, Howmet closed the sale of its disk forging facility in Savannah, Georgia, for approximately $230 million, further focusing the company on its most technologically advanced manufacturing assets.

Meanwhile, Howmet’s operational strength translated into record cash generation for a first quarter.

The company reported free cash flow of $359 million—a 168% increase year-over-year—reflecting robust operational leverage.