HWM
Howmet Aerospace Inc.195.18
-2.06-1.04%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Q&A boosts IGT data center outlook
Q&A delved into data center demand fueling IGT and midsized turbine growth, paralleling aerospace tech advances like cored blades for higher temperatures, with expansions at US, Europe, and Japan plants for Mitsubishi, Siemens, GE. John Plant flagged sustained high CapEx into 2026-2027, backed by customer commitments yielding aero-like returns. He sketched 2026 end-markets: stronger commercial aero builds (737 into 40s, A320 early 60s), mid-single defense, double-digit industrial. Tariffs remain a sub-$5M non-issue. Incrementals stay robust; spares demand endures. CapEx surges ahead. Investors eye IGT ramp and February details.
Key Stats
Market Cap
78.56BP/E (TTM)
54.98Basic EPS (TTM)
3.55Dividend Yield
0%Recent Filings
8-K
Howmet buys CAM for $1.8B
Howmet Aerospace agreed to buy Consolidated Aerospace Manufacturing from Stanley Black & Decker for $1.8 billion cash on December 22, 2025, expecting closure in H1 2026 pending approvals. CAM projects FY 2026 revenue of $485-495 million with adjusted EBITDA margins over 20%, yielding a 13x multiple post-synergies and tax benefits. Acquisition bolsters fastening solutions. Regulatory hurdles loom.
8-K
Redeems all preferred stock
8-K
Closes $500M notes offering
Howmet Aerospace closed its $500 million 4.550% Notes due 2032 on November 12, 2025, swapping out higher-rate $625 million 5.90% Notes due 2027. It expects to redeem the 2027 Notes on December 3 at ~$652 million using proceeds and cash. Annual interest expense drops ~$14 million. Smart refinancing locks in lower costs.
8-K
Notes offering to redeem 2027 debt
Howmet Aerospace announced a proposed senior notes offering on November 3, 2025, to fund the redemption of its $625 million 5.90% Notes due 2027, set for December 3 at an expected $652 million including interest. Pricing hinges on market conditions. Refinancing extends debt maturity. Forward-looking plans carry market volatility risks.
8-K
Prices debt refinancing
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