Howmet said sales for Q1 2025 were $1,942, an increase of $118, or 6%, from $1,824 in the prior-year quarter, and net income was $344, or $0.84 per diluted share, compared to $243, or $0.59 per share, in the prior-year quarter (in millions).

10-QQuarterly reportFiled May 1, 2025Period of report Mar 31, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Howmet said sales for Q1 2025 were $1,942, an increase of $118, or 6%, from $1,824 in the prior-year quarter, and net income was $344, or $0.84 per diluted share, compared to $243, or $0.59 per share, in the prior-year quarter (in millions).
The company said cost of goods sold as a percentage of sales for Q1 was 66.4%, down from 70.7% in the prior-year quarter, and that Engine Products third-party sales increased 13% and Segment Adjusted EBITDA increased 31%.
Howmet said cash provided from operations for Q1 2025 was $253, compared to $177 in the prior-year quarter, cash used for investing activities was $115, and cash used for financing activities was $167, with the quarterly dividend per share increasing from $0.05 to $0.10 (in millions).
The company said Forged Wheels third-party sales decreased 13% and Segment Adjusted EBITDA decreased 17%, citing lower volumes in the commercial transportation market as factors. It added that it expects to pass along tariff costs to customers but there may be a delay in recovery.

Key figures

Quarter ended March 31, 2025

Revenue: $1.9B
Operating income: $494M
Net income: $344M
EPS: $0.84
Operating cash flow: $253M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q1 2025 Sales and Net Income

Howmet said sales for Q1 2025 were $1,942, an increase of $118, or 6%, from $1,824 in the prior-year quarter, and net income was $344, or $0.84 per diluted share, compared to $243, or $0.59 per share, in the prior-year quarter (in millions).

Source · Based on the MD&A text of the filing

Cost of Goods Sold Margin and Engine Products Segment

The company said cost of goods sold as a percentage of sales for Q1 was 66.4%, down from 70.7% in the prior-year quarter, and that Engine Products third-party sales increased 13% and Segment Adjusted EBITDA increased 31%.

Source · Based on the MD&A text of the filing

Operating, Investing and Financing Cash Flows

Howmet said cash provided from operations for Q1 2025 was $253, compared to $177 in the prior-year quarter, cash used for investing activities was $115, and cash used for financing activities was $167, with the quarterly dividend per share increasing from $0.05 to $0.10 (in millions).

Source · Based on the MD&A text of the filing

Forged Wheels Segment and Tariff Cost Pass-Through

The company said Forged Wheels third-party sales decreased 13% and Segment Adjusted EBITDA decreased 17%, citing lower volumes in the commercial transportation market as factors. It added that it expects to pass along tariff costs to customers but there may be a delay in recovery.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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