Howmet Aerospace Q1 revenue jumps 19%, boosts full-year outlook and repurchases $300M stock

Howmet Aerospace reported a 19% revenue increase to $2.31 billion in Q1 2026, driven by strong growth in aerospace and gas turbines markets. Adjusted EPS rose 42% to $1.22, with adjusted EBITDA margin expanding 320 basis points to 32.0%. The company completed a $1.8 billion acquisition of Consolidated Aerospace Manufacturing and sold a disk forging facility for $230 million, deploying $300 million for stock buybacks. Howmet raised its full-year 2026 guidance, expecting continued robust demand and growth across key markets.