Howmet Aerospace stock slips as raised outlook stays in focus

Howmet Aerospace stock traded at 199.93 euros on Lang & Schwarz at 16:05 CET on Thursday, November 12, 1.22 percent below the Xetra close of Wednesday, November 11. The quote was also 1.71 percent below the 203.40-euro level recorded in the latest report published earlier on Thursday.

The company remains in focus after its October 29 third-quarter release. According to Howmet Aerospace, revenue rose 29 percent year over year to 2.703 billion US dollars, while organic growth reached 25 percent. Adjusted earnings per share increased 54 percent to 1.46 US dollars and adjusted EBITDA rose 43 percent to 879 million US dollars.

Higher targets, stronger demand

Commercial aerospace revenue increased 32 percent year over year, defense aerospace revenue rose 10 percent and gas turbine revenue climbed 45 percent. Commercial transportation revenue advanced 28 percent, broadening the contribution from Howmet's end markets.

Management raised its 2026 revenue guidance to a range of 10.290 billion to 10.310 billion US dollars, with a 10.300 billion US dollar baseline. Fourth-quarter guidance calls for revenue of 2.740 billion to 2.760 billion US dollars and adjusted earnings per share of 1.49 to 1.51 US dollars.

The initial 2027 revenue outlook is 11.5 billion US dollars, representing growth of approximately 12 percent from the increased 2026 guidance. The company expects further detail on aircraft-volume assumptions during its February 2027 earnings call.

Capacity becomes the next test

Howmet expects elevated capital spending beyond 2027 to expand aerospace, defense and gas turbine capacity. For investors, the higher targets improve the forward growth reference, while the planned investment makes production execution and margin discipline increasingly important.

US equities trade against a broader market backdrop tracked through the S&P 500.

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