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AI English summary of an SEC filing — figures as filed

Howmet Aerospace logoHowmet Aerospace HWM

The company said its Q3 2026 revenue rose to $2,703 million, up 29% from $2,089 million a year earlier, and organic growth was 25%. GAAP EPS was $1.42, Adjusted EPS was $1.46, and Adjusted EBITDA margin was 32.5%.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its Q3 2026 revenue rose to $2,703 million, up 29% from $2,089 million a year earlier, and organic growth was 25%. GAAP EPS was $1.42, Adjusted EPS was $1.46, and Adjusted EBITDA margin was 32.5%.

  2. Howmet Aerospace set its 2026 full-year baseline at revenue of $10,300 million, Adjusted EPS of $5.50 and Free Cash Flow of $2,000 million, and labeled the baseline changes +$250, +$0.23 and +$100, respectively. It said 2027 revenue is expected to be approximately $11.5 billion, up approximately 12%.

  3. The company said Free Cash Flow for Q3 2026 was $562 million, calculated as Cash provided from operations of $709 million less capital expenditures of $147 million. In Q3, it repurchased $500 million of common stock at an average price of $264.77 per share, and it had repurchased $1.1 billion year to date through October 28.

  4. The company said the Board of Directors on October 28, 2026 increased the share repurchase program by $5 billion, bringing total authorization to $5.397 billion together with the remaining $397 million. The quarterly dividend was raised 17% from $0.12 per share to $0.14 per share.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q3 2026 Revenue of $2,703 million and Adjusted EBITDA Margin of 32.5%

The company said its Q3 2026 revenue rose to $2,703 million, up 29% from $2,089 million a year earlier, and organic growth was 25%. GAAP EPS was $1.42, Adjusted EPS was $1.46, and Adjusted EBITDA margin was 32.5%.

Source · Based on the filing body and exhibits

Baseline change for 2026 guidance and 2027 revenue outlook

Howmet Aerospace set its 2026 full-year baseline at revenue of $10,300 million, Adjusted EPS of $5.50 and Free Cash Flow of $2,000 million, and labeled the baseline changes +$250, +$0.23 and +$100, respectively. It said 2027 revenue is expected to be approximately $11.5 billion, up approximately 12%.

Source · Based on the filing body and exhibits

Q3 Free Cash Flow of $562 million and Common Stock Repurchases

The company said Free Cash Flow for Q3 2026 was $562 million, calculated as Cash provided from operations of $709 million less capital expenditures of $147 million. In Q3, it repurchased $500 million of common stock at an average price of $264.77 per share, and it had repurchased $1.1 billion year to date through October 28.

Source · Based on the filing body and exhibits

Board Raises Share Repurchase Authorization by $5 billion and Increases Quarterly Dividend

The company said the Board of Directors on October 28, 2026 increased the share repurchase program by $5 billion, bringing total authorization to $5.397 billion together with the remaining $397 million. The quarterly dividend was raised 17% from $0.12 per share to $0.14 per share.

Source · Based on the filing body and exhibits

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.