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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Scott Deuschle | Deutsche Bank | 8 (13%) |
| Myles Walton | Wolfe Research | 8 (0%) |
| Kristine Liwag | Morgan Stanley | 6 (0%) |
| Sheila Kahyaoglu | Jefferies | 6 (17%) |
| Doug Harned | Bernstein | 6 (0%) |
| Rob Stallard | Vertical Research Partners | 6 (0%) |
| Seth Seifman | JPMorgan | 5 (0%) |
| David Strauss | Wells Fargo | 4 (0%) |
| Ron Epstein | Bank of America | 4 (0%) |
| Peter Arment | Robert W. Baird | 3 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Wolfe Research | 2 | 9 (0%) |
| Deutsche Bank | 1 | 8 (13%) |
| Bank of America | 2 | 6 (0%) |
| Bernstein | 1 |
| 6 (0%) |
| Jefferies | 1 | 6 (17%) |
| JPMorgan | 2 | 6 (17%) |
| Morgan Stanley | 1 | 6 (0%) |
| Vertical Research Partners | 1 | 6 (0%) |
Howmet delivered a record Q1 with revenue up 19% and EPS of $1.22, a 42% increase year-over-year, as Engine Products surged 29% with EBITDA margins reaching 36.6% and gas turbine revenue grew 39% on capacity expansion. Management raised FY2026 guidance significantly with EPS increased to $4.94 (up 11% from initial guide), organic revenue growth raised to 14%, and EBITDA raised to $3.06 billion. Spares grew 36% to $520 million now representing 23% of revenue, and the CAM and Brunner acquisitions expanded the fastener portfolio.
Demand | Margin | Revenue Growth | Competitive Dynamics | Capex Investment | Supply Chain | Cloud & AI | Capital Allocation | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 6 | 1 | 2 | 2 | 2 | 1 | 2 |
| 2025Q1 | 4 | 3 | 2 | 2 | 3 | 1 | ||
| 2025Q2 | 6 | 4 | 4 | 4 | 2 | 2 | 1 | |
| 2025Q3 | 3 | 3 | 1 | 1 | 1 | 1 | 2 | 1 |
| 2025Q4 | 3 | 4 | 2 | 1 | 2 | 2 | 1 | |
| 2026Q1 | 3 | 2 | 1 | 2 | 1 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 3 | 4 | 6 | 3 | 3 | 3 |
| Margin | 6 | 3 | 4 | 3 | 4 | |
| Revenue Growth | 1 | 2 | 4 | 1 | 2 | 2 |
| Competitive Dynamics | 2 | 2 | 4 | 1 | 1 | 1 |
| Capex Investment | 2 | 2 | 1 | 2 | 2 | |
| Supply Chain | 2 | 3 | 2 | 1 | 1 | |
| Cloud & AI | 1 | 1 | 2 | 2 | 2 | |
| Capital Allocation | 2 | 1 | 1 | 1 | 1 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.89B | +9.2% | $0.77 | +35.1% | 24.2% | 16.6% | $378M |
| FY2025 Q1 | $1.94B | +6.5% | $0.84 | +42.4% | 25.2% | 17.7% | $134M |
| FY2025 Q2 | $2.05B | +9.2% | $1.00 | +53.8% | 25.4% | 19.8% | $344M |
| FY2025 Q3 | $2.09B | +13.8% | $0.95 | +17.3% | 25.9% | 18.4% | $202M |
| FY2025 Q4 | $2.17B | +14.6% | $0.92 | +19.5% | 26.6% | 17.2% | $530M |
| FY2026 Q1 | $2.31B | +19.1% | $1.44 | +71.4% | 32.6% | 25.1% | $359M |
| FY2026 Q2 | $2.55B | +24.1% | $1.33 | +33.0% | 27.9% | 21.0% | $677M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What HWM and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“the debt reduction that resulted from our closing the CAM divestiture to Howmet Aerospace for $1.8 billion.”
Stanley Black & Decker divested its aerospace fasteners (CAM) business to Howmet Aerospace for $1.8B, an M&A read-through in which Howmet is the acquirer expanding its aerospace fastening portfolio.
“On the Airbus A320, 62 per month and the Airbus A350 at 6 per month.”
Howmet cites Airbus build rates in its guidance - A320 at 62/month and A350 at 6/month - as a key demand input.
“We have the rate for the 737 at an average of 42 per month for the year, on the 787 currently 7 per month, rising to 8 per month by the fourth quarter.”
Howmet cites Boeing build rates in its guidance - 737 averaging 42/month and 787 at 7/month rising to 8 by Q4 - as a key demand input.
“going from maybe Microsoft saying they're going to go from $125 billion to $185 billion or then Google matches it, then Amazon talks about $200 billion.”
Howmet's CEO cites hyperscaler capex (Amazon ~$200B) as underpinning surging industrial gas turbine demand.
“going from maybe Microsoft saying they're going to go from $125 billion to $185 billion or then Google matches it, then Amazon talks about $200 billion.”
Howmet's CEO cites hyperscaler capex (Google matching Microsoft's levels) as underpinning surging industrial gas turbine demand.
“going from maybe Microsoft saying they're going to go from $125 billion to $185 billion or then Google matches it, then Amazon talks about $200 billion.”
Howmet's CEO cites hyperscaler capex (Microsoft ~$125B to $185B) as underpinning surging industrial gas turbine demand.
“Howmet's improved leverage and strong free cash flow profile were reflected in Fitch's Q1 upgrade from BBB+ to A-, now 4 notches into investment grade.”
Fitch upgraded Howmet from BBB+ to A- in Q1, moving it four notches into investment grade.
“we closed the previously announced CAM Fastener acquisition on April 6 for approximately $1.8 billion.”
Howmet closed the ~$1.8B CAM Fastener acquisition on April 6, expanding its non-traditional fasteners portfolio.
“we acquired Brunner, a Fastener business based in Wisconsin for approximately $120 million in cash on February 6.”
Howmet acquired Brunner, a Wisconsin fastener business, for ~$120M in cash on February 6.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
HWM Howmet Aerospace | 9 | +19.1% | |
| AME Ametek | 8 | +11.3% | |
| AOS A. O. Smith | 1 | -1.9% | |
| CMI Cummins | 7 | +2.7% | |
| DOV Dover Corporation | 7 | +10.1% | |
| EMR Emerson Electric | 6 | +2.9% | |
| ETN Eaton Corporation | 8 | +16.8% | |
| GNRC Generac | 9 | +12.4% | |
| IEX IDEX Corporation | 8 | +8.9% | |
| IR Ingersoll Rand | 5 | +7.6% | |
| ITW Illinois Tool Works | 7 | +4.6% | |
| NDSN Nordson Corporation | 9 | +8.8% | |
| OTIS Otis Worldwide | 4 | +6.5% | |
| PH Parker Hannifin | 8 | +10.6% | |
| PNR Pentair | 6 | +2.6% | |
| ROK Rockwell Automation | 9 | +11.8% | |
| ROP Roper Technologies | 8 | +11.3% | |
| XYL Xylem Inc. | 5 | +2.7% |