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PITTSBURGH - Howmet Aerospace (NYSE:HWM) shares jumped 3.5% after the aerospace components manufacturer reported better-than-expected first quarter earnings and raised its full-year outlook.
The company posted adjusted earnings per share of $0.86 for the first quarter of 2025, surpassing analyst estimates of $0.78. Revenue came in at $1.94 billion, in line with consensus expectations and up 6% YoY, driven by a 9% increase in Commercial Aerospace sales.
Howmet’s adjusted EBITDA excluding special items rose 28% YoY to $560 million, with the adjusted EBITDA margin expanding 480 basis points to 28.8%.
For the second quarter, Howmet forecasts EPS of $0.85-$0.87, above the $0.80 analyst consensus. The company expects Q2 revenue between $1.98-2 billion, compared to the $2 billion consensus estimate.
Howmet raised its full-year 2025 EPS guidance to $3.36-$3.44, up from the previous $3.27 analyst estimate. The company widened its revenue outlook to $7.88-8.18 billion, with the midpoint slightly below the $8.08 billion consensus.
"Our strong first quarter results demonstrate the continued execution of our strategy," said John Plant, Executive Chairman and CEO. "We remain focused on delivering value for our customers and shareholders as we navigate the ongoing recovery in commercial aerospace."
The company generated $253 million in cash from operations and $134 million in free cash flow during the quarter. Howmet also repurchased $125 million of common stock and increased its quarterly dividend by 100% YoY to $0.10 per share.
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