Howmet Aerospace Inc. ( NYSE: HWM) shares traded greater on Thursday after the business revealed record third-quarter 2025 results that topped Wall Street price quotes and raised its full-year outlook on all metrics.
The Pittsburgh-based aerospace parts producer reported adjusted revenues per share of 95 cents, beating the 91 cents price quote, and earnings of $2.089 billion, exceeding the $2.042 billion price quote, as strong aerospace need sustained double-digit development throughout essential section s.
Earnings increased 14% year over year, led by a 15% dive in business aerospace, 24% in defense aerospace, and 18% in commercial and other markets, partly balanced out by a 3% decrease in business transport.
Operating earnings and changed operating earnings both reached $542 million, representing a 29% year-over-year boost, with an operating margin of 25.9%, a 300-basis-point enhancement.
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Changed EBITDA omitting unique products increased 26% year over year to $614 million, with margins enhancing 290 basis indicate 29.4%.
The business created $531 million in money from operations and $423 million in complimentary capital, after sustaining $108 million in capital investment, marking a record quarterly money generation.
By section, Engine Products earnings grew 17% to $1.1 billion, with section changed EBITDA of $368 million, up 20%, and margins increasing to 33.3%.
Attachment Systems earnings increased 14% to $448 million, with changed EBITDA up 35% to $138 million and margins broadening 480 basis indicate 30.8%.
Engineered Structures earnings increased 14% to $289 million, while changed EBITDA climbed up 53% to $58 million, with margins enhancing 510 basis indicate 20.1%.
Created Wheels earnings was $247 million, approximately flat year over year, while changed EBITDA increased 14% to $73 million, with a 29.6% margin.
The business bought $200 countless typical stock in the quarter at a typical rate of $182.20 per share and an extra $100 million in October at $191.86 per share, bringing year-to-date repurchases through October to $600 million.
The board likewise authorized a 20% dividend boost to $0.12 per share, paid on August 25, 2025.
“The Howmet group drove an extremely strong 3rd quarter, with outcomes going beyond the high-end of assistance on all metrics,” executive chairman and CEO John Plant stated. “Significantly, earnings development sped up to 14% year over year, versus 8% development in the very first half, driven by healthy need throughout the business aerospace, defense aerospace, and commercial and other markets.”
Outlook:
For the 4th quarter of 2025, Howmet anticipates changed EPS to be in between $0.94 and $0.96, compared to the $0.94 price quote, and earnings to be in between $2.090 billion and $2.110 billion, compared to the $2.124 billion price quote.
The business raised full-year 2025 assistance throughout the board, now predicting adjusted EPS in between $3.66 and $3.68 versus $3.56 to $3.64 formerly and the $3.62 price quote, and earnings in between $8.175 billion and $8.195 billion versus the earlier $8.080 billion to $8.180 billion variety and the $8.157 billion price quote.
Totally free capital is anticipated to be in between $1.275 billion and $1.325 billion, with an adjusted EBITDA margin of roughly 29%.
Looking ahead, Howmet expects roughly $9 billion in earnings for 2026, representing roughly 10% year-over-year development, supported by continual need in business and defense aerospace, along with broadening commercial markets.
Rate Action: HWM shares are trading 1.58% greater at $206.70 at the last look at Thursday.
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