Howmet Aerospace Inc.
203.48+2.44 (+1.21%)
Oct 29, 4:00:02 PM EDT · NYSE · HWM · USD
Key Stats
Market Cap
82.03BP/E (TTM)
59.50Basic EPS (TTM)
3.42Dividend Yield
0%Recent Filings
8-K
CFO transition at Howmet
Howmet Aerospace announced the retirement of CFO Ken Giacobbe after 21 years, effective December 31, 2025, with him advising the CEO through year-end. Patrick Winterlich, ex-CFO of Hexcel, steps in as EVP and CFO on December 1, 2025, bringing deep finance and operations expertise. His package features $700,000 base salary, 100% incentive target, $2,000,000 equity grant, and $800,000 sign-on bonus. Smooth transition bolsters financial leadership amid growth demands.
8-K
Executive resigns from Howmet
Howmet Aerospace's Executive Vice President, Chief Legal and Compliance Officer, and Secretary Lola F. Lin resigned effective September 5, 2025, to pursue another opportunity, announced August 15. Until a successor is named, the Legal and Compliance teams report to Executive Vice President and Chief Administrative Officer Neil E. Marchuk. This leadership shift maintains continuity in oversight. The company expressed thanks for Lin's contributions.
10-Q
Q2 FY2025 results
Howmet Aerospace posted solid Q2 results, with sales climbing 9% year-over-year to $2,053 million on stronger commercial aerospace and defense demand, including engine spares, while commercial transportation volumes dipped. Operating income rose 31% to $521 million, lifting gross margins to 33.5% from productivity gains and pricing power that outpaced inflation. Diluted EPS hit $1.00, up 54% y/y, confirmed against 406 million shares with no anti-dilution flags. Cash from operations reached $699 million YTD, funding $221 million capex and $300 million stock buybacks; free cash flow stood at $478 million (derived), backed by $545 million cash and full $1,000 million revolver availability under a 3.75x net debt/EBITDA covenant. Gains from asset sales in Engineered Structures and Forged Wheels offset minor layoffs. Yet tariffs could squeeze margins if pass-through lags.
8-K
Record Q2 revenue, raised guidance
Howmet Aerospace posted record Q2 2025 revenue of $2.05 billion, up 9% year over year, fueled by 8% commercial aerospace growth and 21% defense gains, while commercial transportation dipped 4%. Adjusted EBITDA hit $589 million with a 28.7% margin, up 300 basis points; net income soared to $407 million. The company repurchased $175 million in shares, hiked its dividend 20% to $0.12 per share, and trimmed $76 million in debt. Full-year guidance rose across all metrics, signaling robust demand in key markets. Weak transportation lingers.
8-K
CEO retention award granted
Howmet Aerospace amended CEO John C. Plant's employment terms on June 23, 2025, granting him a $45 million special retention award of restricted stock units on July 1, 2025, vesting fully on July 1, 2028, if he stays through that date. The award secures his leadership amid ongoing operations, with prorated vesting for early death or disability before 2028, and full vesting for termination without cause or good reason resignation. Retention locks in stability. Clawback provisions apply for misconduct.
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