Howmet Aerospace gains after lifting profit, revenue forecast

Howmet Aerospace

30/10/2025 15:29

** Shares of aircraft parts supplier Howmet Aerospace HWM.N rise nearly 3.5% to about $210.5 in morning trading

** Co expects 2025 revenue between $8.18 bln and $8.2 bln, up from $8.08 to $8.18 bln earlier

** Raises adj EPS to between $3.66 and $3.68, up from $3.56 to $3.64 earlier

** "Air traffic continues to grow and the backlog of commercial aircraft extends through the decade, providing for both solid commercial aerospace original equipment demand and growing demand for engine spares," CEO John Plant says

** Expects FY 2026 revenue of $9 bln, marking ~10% year-over-year growth

** Posts Q3 adj EPS of 95 cents, above Wall Street estimate of 91 cents, data compiled by LSEG

** Reports quarterly revenue of $2.09 bln, beating estimates of $2.04 bln

** Declares 20% dividend hike in Q3 to 12 cents per share

** Including session's moves, shares up 92.4% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))