Howmet Aerospace — May 7, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-26-056645
Showing in the filing
Adj. EBITDA Margin
“31.8%” – “32.0%”
Period
Q2 FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 29
Revenue effect of portfolio adjustments (CAM… for FY2026
“adds approximately $275 million”
Net revenue effect of portfolio adjustments for FY2026
“approximately $275 million”
EPS effect of portfolio adjustments (CAM, Br… for FY2026
“insignificant”
EPS accretion from portfolio adjustments (CA… for FY2027
“accretion expected”
Revenue for Q2 FY2026
“$2,390” – “$2,410”
Revenue - Baseline for Q2 FY2026
“$2,400”
Revenue for FY2026
“$9,575” – “$9,725”
Revenue - Baseline for FY2026
“$9,650”
Revenue - Baseline Change for FY2026
“+$550”
Adj. EBITDA for Q2 FY2026
“$760” – “$770”
Adj. EBITDA - Baseline for Q2 FY2026
“$765”
Adj. EBITDA for FY2026
“$3,025” – “$3,095”
Adj. EBITDA - Baseline for FY2026
“$3,060”
Adj. EBITDA Margin - Baseline for Q2 FY2026
“31.9%”
Adj. EBITDA Margin for FY2026
“31.6%” – “31.8%”
Adj. EBITDA Margin - Baseline for FY2026
“31.7%”
Adj. EBITDA - Baseline Change for FY2026
“+$300”
Adj. EBITDA Margin - Baseline Change for FY2026
“+ 140 bps”
Adj. Earnings per Share for Q2 FY2026
“$1.22” – “$1.24”
Adj. Earnings per Share - Baseline for Q2 FY2026
“$1.23”
Adj. Earnings per Share for FY2026
“$4.88” – “$5.00”
Adj. Earnings per Share - Baseline for FY2026
“$4.94”
Adj. Earnings per Share - Baseline Change for FY2026
“+$0.49”
Free Cash Flow for FY2026
“$1,700” – “$1,800”
Free Cash Flow - Baseline for FY2026
“$1,750”
Free Cash Flow - Baseline Change for FY2026
“+$150”
Adj. EBITDA Margin for Q2 FY2026
“31.8%” – “32.0%”
Quarterly common stock dividend declared for FY2026
“$0.12 per share”
Quarterly dividend
“$0.12 per share”
Exhibit 99.1 · the passage around this item
… earlier in the release
Fastening Systems
Dollars in Millions
First Quarter
2026
2025
Change
Third-party sales
$471
$412
14%
Segment adjusted EBITDA
$150
$127
18%
Segment adjusted EBITDA margin
31.8%
30.8%
100
bps
Provision for depreciation and amortization
$13
$12
Fastening Systems repor ted revenue
of $471 million, an increase of 14% year over year driven by growth in the commercial aerospace and defense aerospace markets. Segment
Adjusted EBITDA was $150 million, up 18% year over year, driven by growth in the commercial aerospace and defense aerospace markets. Segm ent
Adjusted EBITDA margin increased approximately 100 basis points year over year to 31.8%.
Engineered Structures
Dollars in Millions
First Quarter
2026
2025
Change
Third-party sales
$294
$304
(3%)
Segment adjusted EBITDA
$66
$67
(1%)
Segment adjusted EBITDA margin
22.4%
22.0%
40
bps
Provision for depreciation and amortization
$10
$13
Engineered Structures reported revenue of $294 million, a decrease
of 3% year over year, driven by further product rationalization. Se gment Adjusted EBITDA
was $66 million, flat year over year . Se gment
Adjusted EBITDA margin increased approximately 40 basis points year over year to 22.4%.
Forged Wheels
Dollars in Millions
First Quarter
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.