Howmet Aerospace reported Q1 2026 adjusted EPS of $1.22, beating estimates as margins rose 320 basis points year-over-year.
Howmet Aerospace posted Q1 2026 adjusted earnings per share of $1.22, surpassing expectations as revenue climbed to $2.31 billion and adjusted EBITDA reached $740 million. The company’s adjusted EBITDA margin expanded 320 basis points to 32%, driven by stronger demand in commercial aerospace, defense, and gas turbines.
Higher-margin spares revenue surged 36% to $520 million, accounting for 23% of total revenue. The company also raised its full-year guidance, citing record free cash flow and ongoing share buybacks.
Executives highlighted portfolio moves, including the CAM Fastener acquisition and Savannah divestiture, as key growth drivers for the quarter.