Howmet Aerospace Q3 2026: Record Revenue Growth and a $5B Buyback
As seen on the 24/7 Wall St. homepage on October 29, 2026.
Howmet's board just added $5 billion to the buyback authorization, taking it to $5.397 billion, after the strongest quarterly revenue growth in company history. EPS and revenue both beat expectations, and management already sees roughly $11.5 billion of revenue in 2027.
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Revenue of $2.70 billion rose 29% year over year, the strongest quarterly growth rate in company history, while adjusted EPS of $1.46 came in above expectations for a sixth straight quarter.
Engine Products revenue jumped 33%, with gas turbines up 45% on expanded output and market share gains that CEO John Plant said have customers seeking volumes beyond their previous expectations. Fastening Systems revenue grew 41%, aided by the acquisitions of CAM in April 2026 and Brunner in February 2026.
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Free cash flow of $562 million, up 178% year over year, funded a capital return step up: the board added $5 billion to the share repurchase authorization. Adjusted EBITDA rose 43% to $879 million, and the company repurchased $1.1 billion of shares year to date.
Management raised the full-year 2026 revenue baseline by $250 million to $10.30 billion and lifted adjusted EPS guidance to $5.50. The initial 2027 revenue outlook of approximately $11.5 billion implies roughly 12% growth, underpinned by aerospace backlogs and gas turbine demand that management said supports the outlook beyond 2028.
Mentioned: HWM