Form 10-Q · Quarterly report
Howmet Aerospace 10-Q, filed Aug 6, 2026
- Filed
- CIK
- 0000004281
- Accession no.
- 0000004281-26-000025
Summary
Howmet Aerospace reported second-quarter 2026 sales of $2,547 million, up 24% from $2,053 million a year earlier, and net income of $534 million, or $1.33 per diluted share, versus $407 million, or $1.00 per diluted share, driven by growth in the commercial and defense aerospace and gas turbines markets including engine spares, favorable pricing, and the CAM and Brunner acquisitions, partly offset by lower commercial transportation volumes and the March 31, 2026 divestiture of its disk forging facility. For the six months ended June 30, 2026, sales were $4,860 million and net income $1,114 million, or $2.77 per diluted share, compared with $3,995 million and $751 million, or $1.84 per diluted share, a year earlier.
Key points
- Second-quarter 2026 COGS fell to 62.7% of sales from 66.5% a year earlier, and SG&A rose 66% to $148 million.
- Interest expense, net rose 34% to $51 million in the second quarter of 2026, with full-year interest expense expected to increase by about $38 million due to 2026 and late-2025 debt issuances.
- Engine Products third-party sales rose 32% to $1,373 million in the second quarter of 2026, with Segment Adjusted EBITDA margin of 37.7% versus 33.0%.
- Howmet reorganized its segments in the first quarter of 2026, moving a titanium alloy location from Engine Products to Engineered Structures, with prior periods recast.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Overview Howmet is a global leader in lightweight metals engineering and manufacturing. Howmet’s innovative, multi-material products, which include nickel, titanium, aluminum, and cobalt, are used worldwide in the aerospace (commercial and defense), commercial transportation, gas turbines, and other markets. In the six months ended June 30, 2026, the Company derived approximately 68% of its revenue from products sold to the commercial and defense aerospace markets. …
An excerpt of the text as filed with the SEC, cut for length.
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