Howmet Aerospace stock gains as Q3 growth lifts outlook and buyback
Published on 11/03/2026 at 16:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth and capital returns sharpen outlook
- Howmet posted its strongest quarterly growth rate on record and lifted its full-year outlook.
- Management sees continued demand across aerospace and gas turbines supporting its initial 2027 view.
- The expanded buyback authorization and higher dividend strengthen the capital-return case.
Howmet Aerospace reported stronger-than-expected operating momentum for the third quarter on October 29, 2026, with revenue growth across its main end markets. The company also raised its full-year outlook and expanded its share repurchase authorization, adding new support to the investment case. The details are set out in Howmet Aerospace's third-quarter results release.
Quarterly growth broadens
Revenue reached 2.703 billion US dollars, up 29 percent year over year, while organic growth was 25 percent. Adjusted earnings per share rose 54 percent to 1.46 US dollars, and adjusted EBITDA increased 43 percent to 879 million US dollars. The adjusted EBITDA margin widened by 310 basis points to 32.5 percent.
Commercial aerospace revenue rose 32 percent, defense aerospace revenue increased 10 percent and gas turbine revenue climbed 45 percent. Engine Products revenue grew 33 percent, while Fastening Systems advanced 41 percent. Engineered Structures declined 4 percent, partly reflecting the Savannah divestiture, and Forged Wheels increased 32 percent.
Higher guidance and buyback
Howmet lifted its 2026 revenue baseline by 250 million US dollars to 10.300 billion US dollars. The adjusted earnings-per-share baseline rose to 5.50 US dollars, while free cash flow guidance increased to 2.000 billion US dollars. Management's initial 2027 revenue view calls for approximately 11.5 billion US dollars, representing approximately 12 percent growth from the increased 2026 guidance.
The board added 5 billion US dollars to the share repurchase authorization on October 28, taking total remaining authorization to 5.397 billion US dollars. Howmet repurchased 500 million US dollars of stock during the quarter and raised its quarterly dividend by 17 percent to 0.14 US dollars per share.
Share price and investor focus
Howmet Aerospace stock traded at 196.40 euros on Lang & Schwarz at 16:06 CET on Tuesday, November 3, 2026, 3.03 percent above the Xetra close of Monday, November 2. Since the November 2 report, the price has risen 9.55 percent from 179.28 euros. Investors can follow the real-time quote of Howmet Aerospace stock.
Howmet Aerospace stock at a glance
- Company: Howmet Aerospace Inc.
- ISIN: US4432011082
- Ticker: HWM
- Home exchange: NYSE
- Lang & Schwarz price: 196.40 euros at 16:06 CET on November 3, 2026
- Comparison: 3.03 percent above the Xetra close of November 2, 2026
- Quarterly revenue: 2.703 billion US dollars
- 2026 revenue guidance baseline: 10.300 billion US dollars
The broader US equity market remains the relevant reference for the company through the S&P 500 market overview.
Further execution on aerospace production, gas turbine demand and the raised 2026 targets will shape the next investor assessment. See more news and analyses on Howmet Aerospace stock.
