BNP Paribas maintains Howmet Aerospace at Outperform, lowers price target to $250 from $310

Howmet Aerospace (HWM) reported Q3 2026 revenue of $2.7B (+29% YoY), beating estimates. EPS of $1.46 also surpassed forecasts. Strong growth in commercial aerospace and industrial gas turbines drove performance. Stock rose 2.06% post-earnings. Company raised full-year guidance and announced a $5B share buyback program.

Howmet Aerospace reported Q1 earnings and revenue above estimates, raising annual forecasts due to strong demand in aerospace and gas turbines. Revenue grew 29% YoY, with gas turbines revenue up 45%. The company cautioned about uncertainties from the Iran war but expects robust demand through 2027 and beyond.

Howmet Aerospace (HWM) reported Q3 revenue of $2.7B, up 29% YoY, with EBITDA rising 43% to $879M. Organic growth was 25%, the highest on record, driven by strong demand in aerospace, defense, and gas turbines. EPS increased 54% to $1.46. The company repurchased $500M in stock and raised its dividend 17%. Management highlighted long-term demand visibility but noted some pressure points in certain segments.

Howmet Aerospace (HWM) reported Q3 revenue growth across segments, with defense aerospace up 10% and industrial gas turbines up 45%. The company raised its 2026 outlook and introduced a 2027 revenue target of $11.5B. It also increased share buybacks and dividends. Management highlighted strong demand in industrial gas turbines and aerospace spare parts.

Howmet Aerospace (HWM) reported Q3 2026 revenue of $2.7B, up 29% YoY, with EBITDA rising 43% to $879M. Free cash flow hit a record $562M, supporting $500M in buybacks. Gas Turbine revenue surged 45%, and guidance was raised for 2026-2027. Challenges include margin declines in Fastening Systems and Engineered Structures, and defense budget uncertainty.

Howmet Aerospace reported Q3 2026 record organic revenue growth of 25%, driven by market share gains in IGT and strong aerospace spares demand. Engine Products segment achieved 39.1% EBITDA margin. Management expects 12% revenue growth in 2027, with $11.5B projected. Share buybacks totaled $1.1B, and a 17% dividend increase was announced. IGT sales are expected to double by 2028, reaching $2.5B annually by decade's end.