Howmet Aerospace — Jul 31, 2025 release

Strong cash generation supported continued return of cash to shareholders with $175 million of share repurchases in the second quarter 2025 and an additional $100 million in July, bringing year-to-date repurchases to $400 million. Furthermore, the Board of Directors declared a 20% increase in the common stock dividend to $0.12 per share in the third quarter 2025. The Company also paid down $76 million of debt in the quarter, further improving the balance sheet, which has never been stronger.”       * Excluding special items 2     “Turning to the outlook, the commercial aerospace market should continue to grow, driven by healthy passenger traffic, extraordinarily high OEM backlogs and the desire for new, fuel-efficient aircraft. We acknowledge positive signs for narrow body build rate increases, particularly on the Boeing 737MAX. Demand for engine spares also remains robust across all markets. The defense aerospace market continues to show strength that should carry through 2025. Additionally, demand for industrial gas turbines fueled by significant data center expansion should remain strong for the balance of the year. The commercial transportation market remains weak. Taking these factors into account, the overall picture appears healthy, and we are increasing our full year 2025 guidance on all metrics.”     Second Quarter 2025 Segment Performance   Engine Products 2Q24 3Q24 4Q24 1Q25 2Q25 (in U.S. dollar millions)           Third-