Howmet Aerospace Inc.'s Stock Analysis

Howmet Aerospace to Acquire Consolidated Aerospace Manufacturing for $1.8 Billion

Howmet Aerospace Inc. has announced a definitive agreement to acquire Consolidated Aerospace Manufacturing, LLC from Stanley Black & Decker for approximately $1.8 billion in cash. The acquisition is expected to close in the first half of 2026, pending customary closing conditions and regulatory approvals. The acquisition aims to enhance Howmet's fastener portfolio and is projected to generate $485 to $495 million in revenue for fiscal year 2026, with an adjusted EBITDA margin exceeding 20% before considering synergies.

The transaction is anticipated to provide favorable federal tax treatment, resulting in significant tax benefits for Howmet Aerospace. The expected combination of synergies and tax advantages will yield an adjusted EBITDA transaction multiple of approximately 13x for fiscal year 2026. This acquisition is seen as a strategic move to better serve aerospace and defense customers with a broader range of fastening solutions, thereby potentially driving shareholder value.

Dec 22, 2025 08:46:38

Howmet Aerospace Announces Redemption of Preferred Stock Shares

Howmet Aerospace Inc. will redeem all outstanding shares of its $3.75 Cumulative Preferred Stock on December 17, 2025, at a redemption price of $100 per share, plus accrued dividends of $0.8125 per share. As of November 14, 2025, there were 546,024 shares of Preferred Stock outstanding. A separate notice will be provided to shareholders detailing the terms and procedures for the redemption.

This announcement does not include forward-looking statements, but it highlights potential risks that could affect the company's performance. These risks encompass economic conditions, supply chain disruptions, customer relationships, competition, and regulatory compliance, among others. Investors are advised to consider these factors when assessing the company’s future outlook.

Nov 17, 2025 06:04:45

Howmet Aerospace Raises $500 Million Through Public Offering

Howmet Aerospace has successfully completed an underwritten public offering, raising $500 million through the issuance of 4.550% Notes due 2032. The notes will mature on November 15, 2032, and interest will be paid semi-annually starting May 15, 2026. The company has the option to redeem the notes before maturity under specified conditions. The offering was made under a previously filed shelf registration statement with the SEC.

Additionally, Howmet Aerospace plans to use the proceeds from this offering to redeem $625 million of its 5.90% Notes due 2027, with the redemption expected to occur on December 3, 2025. This action is anticipated to reduce the company's annual interest expense by approximately $14 million. The redemption will be funded through the net proceeds from the new notes and available cash.

Nov 12, 2025 16:13:22

Howmet Aerospace Announces $500 Million Debt Offering Details

Howmet Aerospace Inc. has priced an offering of $500 million in 4.550% Notes due in 2032, set to close on November 12, 2025. The proceeds from this offering will be used, along with existing cash, to redeem approximately $625 million of its 5.90% Notes due in 2027. This redemption is expected to generate annual interest expense savings of about $14 million.

The offering is being managed by Goldman Sachs, J.P. Morgan, and Morgan Stanley, and is conducted under an effective shelf registration statement with the SEC. The announcement does not serve as a notice of redemption for the 2027 Notes, which will be redeemed according to a previously issued notice. Investors should note that the offering is subject to customary closing conditions.

Nov 03, 2025 16:20:24

Howmet Aerospace Plans Redemption of 2027 Notes with New Offering

Howmet Aerospace Inc. announced a proposed offering of senior notes, intending to use the proceeds to redeem approximately $625 million of its 5.90% Notes due 2027. The company plans to issue a notice of redemption on December 3, 2025, with the aggregate redemption price expected to be around $652 million, including accrued interest. The redemption will follow the terms outlined in the Indenture with The Bank of New York Mellon Trust Company, N.A.

The offering of the new notes is being conducted under an effective shelf registration statement filed with the SEC. This announcement does not constitute an offer to sell or a solicitation of an offer to buy the new notes. Investors should be aware that the pricing and terms of the new notes are subject to market conditions, and the company has highlighted various risks that could impact its operations and financial performance, which are detailed in its annual report and other SEC filings.

Nov 03, 2025 08:39:49

Howmet Aerospace Reports Strong Q3 2025 Financial Results

Howmet Aerospace announced record revenue of $2.09 billion for the third quarter of 2025, marking a 14% increase compared to the previous year. This growth was driven by significant demand in the commercial aerospace, defense aerospace, and industrial markets. The company reported a net income of $385 million, or $0.95 per share, up from $332 million, or $0.81 per share, in the same quarter last year. Operating income also increased by 29% year over year, with an operating income margin of 25.9%. Free cash flow for the quarter was $423 million after capital expenditures of $108 million, supporting ongoing investments and shareholder returns.

In addition to strong financial performance, Howmet Aerospace repurchased $200 million in common stock during the quarter and increased its dividend by 20% to $0.12 per share. The company paid down $63 million of debt, enhancing its balance sheet strength. Furthermore, S&P upgraded Howmet Aerospace's credit rating from BBB to BBB+, reflecting its solid financial position. The company raised its full-year 2025 guidance across all metrics, indicating a positive outlook for continued revenue growth into 2026, projected at approximately $9 billion.

Oct 30, 2025 07:05:46

Howmet Aerospace Announces CFO Retirement and Successor Appointment

Ken Giacobbe, the Executive Vice President and Chief Financial Officer of Howmet Aerospace, will retire on December 31, 2025, after 21 years with the company. He will serve as a special advisor until his retirement date. His departure comes as he turns 60, and the company has expressed appreciation for his contributions during his tenure.

Patrick Winterlich will take over as Executive Vice President and Chief Financial Officer starting December 1, 2025. Winterlich previously served in a similar role at Hexcel Corporation and will receive a base salary of $700,000, with additional performance-based incentives and equity awards. He will also receive a sign-on bonus of $800,000 and relocation assistance. The company has established an indemnification agreement with him and has included standard confidentiality and non-competition clauses in his contract.

Oct 22, 2025 16:06:05

Executive Vice President Lola F. Lin Resigns from Howmet Aerospace

Lola F. Lin, the Executive Vice President, Chief Legal and Compliance Officer, and Secretary of Howmet Aerospace, has announced her resignation effective September 5, 2025, to pursue another opportunity. The company has expressed gratitude for her contributions during her tenure.

In the interim period until a successor is appointed, the Legal and Compliance teams will report to Neil E. Marchuk, who serves as the Executive Vice President and Chief Administrative Officer. This leadership change may have implications for the company's operations and governance.

Aug 20, 2025 17:00:57

Howmet Aerospace Reports Record Revenue and Profit for Q2 2025

Howmet Aerospace announced its second quarter 2025 financial results, reporting record revenue of $2.05 billion, a 9% increase year over year. The growth was driven by an 8% rise in the commercial aerospace market, a 21% increase in defense aerospace, and a 17% increase in the industrial sector, despite a 4% decline in commercial transportation. The company achieved a net income of $407 million, or $1.00 per share, compared to $266 million and $0.65 per share in the same quarter of 2024. Operating income rose 31% year over year to $521 million, with an operating margin of 25.4% and adjusted EBITDA margin at 28.7%, reflecting strong performance across several segments, particularly in commercial and defense aerospace.

In addition to the financial performance, Howmet Aerospace repurchased $175 million of common stock in the second quarter and another $100 million in July, totaling $400 million year-to-date. The Board of Directors declared a 20% increase in the quarterly dividend to $0.12 per share, effective in the third quarter of 2025. The company also paid down $76 million of debt in the quarter, further enhancing its balance sheet. Overall, Howmet raised its full-year 2025 guidance across all metrics, indicating a positive outlook for the remainder of the year.

Jul 31, 2025 07:05:37

Howmet Aerospace Reports Record Revenue and Stock Buybacks

Howmet Aerospace announced its first quarter 2025 financial results, reporting record revenue of $1.94 billion, a 6% increase year over year, driven primarily by a 9% growth in the commercial aerospace market. The company also recorded a net income of $344 million, or $0.84 per share, compared to $243 million, or $0.59 per share, in the same quarter last year. Operating income rose by 34% to $494 million, with a significant operating income margin increase to 25.4%. Free cash flow was reported at $134 million, marking the eighth consecutive quarter of positive cash flow generation. Additionally, Howmet Aerospace repurchased $125 million of common stock in the first quarter and announced a $0.10 per share dividend, doubling the previous year's payout.

The company received an upgrade from Fitch Ratings, raising its long-term issuer default rating to BBB+, indicating a stronger credit profile. Howmet Aerospace has also widened its full-year 2025 guidance for revenue, adjusted EBITDA, adjusted EPS, and free cash flow, reflecting expectations of continued growth in the commercial aerospace sector despite some uncertainties in the North American market. The company highlighted strong performance across its Engine Products, Fastening Systems, and Engineered Structures segments, although it noted a decline in the Forged Wheels segment due to lower volumes in commercial transportation.

May 01, 2025 07:00:27