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Howmet Aerospace Earnings Calls
| Release date | Oct 30, 2025 |
| EPS estimate | $0.91 |
| EPS actual | $0.95 |
| EPS Surprise | 4.40% |
| Revenue estimate | 2.042B |
| Revenue actual | 2.089B |
| Revenue Surprise | 2.31% |
| Release date | Jul 31, 2025 |
| EPS estimate | $0.87 |
| EPS actual | $0.91 |
| EPS Surprise | 4.36% |
| Revenue estimate | 2.007B |
| Revenue actual | 2.053B |
| Revenue Surprise | 2.31% |
| Release date | May 01, 2025 |
| EPS estimate | $0.776 |
| EPS actual | $0.86 |
| EPS Surprise | 10.82% |
| Revenue estimate | 1.941B |
| Revenue actual | 1.942B |
| Revenue Surprise | 0.0386% |
| Release date | Feb 13, 2025 |
| EPS estimate | $0.710 |
| EPS actual | $0.740 |
| EPS Surprise | 4.23% |
| Revenue estimate | 1.88B |
| Revenue actual | 1.891B |
| Revenue Surprise | 0.603% |
Last 4 Quarters for Howmet Aerospace
Below you can see how HWM performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Feb 13, 2025 |
| Price on release | $128.08 |
| EPS estimate | $0.710 |
| EPS actual | $0.740 |
| EPS surprise | 4.23% |
| Date | Price |
|---|---|
| Feb 07, 2025 | $127.70 |
| Feb 10, 2025 | $128.20 |
| Feb 11, 2025 | $129.32 |
| Feb 12, 2025 | $128.09 |
| Feb 13, 2025 | $128.08 |
| Feb 14, 2025 | $133.42 |
| Feb 18, 2025 | $136.67 |
| Feb 19, 2025 | $139.39 |
| Feb 20, 2025 | $138.44 |
| 4 days before | 0.298% |
| 4 days after | 8.09% |
| On release day | 4.17% |
| Change in period | 8.41% |
| Release date | May 01, 2025 |
| Price on release | $148.03 |
| EPS estimate | $0.776 |
| EPS actual | $0.86 |
| EPS surprise | 10.82% |
| Date | Price |
|---|---|
| Apr 25, 2025 | $135.76 |
| Apr 28, 2025 | $136.35 |
| Apr 29, 2025 | $137.50 |
| Apr 30, 2025 | $138.58 |
| May 01, 2025 | $148.03 |
| May 02, 2025 | $154.07 |
| May 05, 2025 | $154.34 |
| May 06, 2025 | $155.80 |
| May 07, 2025 | $157.12 |
| 4 days before | 9.04% |
| 4 days after | 6.14% |
| On release day | 4.08% |
| Change in period | 15.73% |
| Release date | Jul 31, 2025 |
| Price on release | $179.77 |
| EPS estimate | $0.87 |
| EPS actual | $0.91 |
| EPS surprise | 4.36% |
| Date | Price |
|---|---|
| Jul 25, 2025 | $189.52 |
| Jul 28, 2025 | $188.17 |
| Jul 29, 2025 | $189.17 |
| Jul 30, 2025 | $192.14 |
| Jul 31, 2025 | $179.77 |
| Aug 01, 2025 | $184.26 |
| Aug 04, 2025 | $181.16 |
| Aug 05, 2025 | $179.32 |
| Aug 06, 2025 | $182.06 |
| 4 days before | -5.14% |
| 4 days after | 1.27% |
| On release day | 2.50% |
| Change in period | -3.94% |
| Release date | Oct 30, 2025 |
| Price on release | $201.77 |
| EPS estimate | $0.91 |
| EPS actual | $0.95 |
| EPS surprise | 4.40% |
| Date | Price |
|---|---|
| Oct 24, 2025 | $198.51 |
| Oct 27, 2025 | $201.84 |
| Oct 28, 2025 | $201.04 |
| Oct 29, 2025 | $203.48 |
| Oct 30, 2025 | $201.77 |
| Oct 31, 2025 | $205.95 |
| Nov 03, 2025 | $206.74 |
| Nov 04, 2025 | $205.02 |
| Nov 05, 2025 | $206.31 |
| 4 days before | 1.64% |
| 4 days after | 2.25% |
| On release day | 2.07% |
| Change in period | 3.93% |
Howmet Aerospace Earnings Call Transcript Summary of Q3 2025
Howmet reported a very strong Q3 2025: revenue grew 14% (acceleration from H1), adjusted EBITDA up 26% and adjusted EPS up ~34%. Commercial Aerospace (especially engine spares) and Defense Aerospace were key growth drivers; industrial markets (oil & gas and IGT) also showed robust demand while commercial transportation remained weak. Free cash flow was $423M in the quarter after higher growth CapEx (Q3 CapEx $108M; YTD ~$330M). The company continued significant capital returns: $200M of buybacks in Q3 (October added $100M) and a 20% quarterly dividend increase; YTD buybacks total $600M. Balance sheet strength improved (net leverage ~1.1x net debt/EBITDA), debt paydown completed (U.S. term loan $63M), and S&P upgraded Howmet from BBB to BBB+. Management reiterated heavy, targeted CapEx to support engines and gas-turbine (IGT/midsized turbines) growth tied to data-center demand, while maintaining a strong free-cash-flow conversion objective. Forward guidance: Q4 2025 revenue ~$2.1B, EBITDA ~$610M, FY2025 revenue ~$8.15B, EBITDA ~$2.375B, free cash flow ~$1.3B. Preliminary outlook for 2026: revenue expected to be ~$9.0B (∼10% growth), with further detail at the February 2026 call.
