Fourth Quarter and Full Year 2025 Earnings Call John Plant: Executive Chairman and Chief Executive Officer Patrick Winterlich: EVP and Chief Financial Officer February 12, 2026 Important Information Forward–Looking Statements This presentation contains statements that relate to future events and expectations and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as "anticipat ...

Core Viewpoint - Howmet (HWM) reported quarterly earnings of $1.05 per share, exceeding the Zacks Consensus Estimate of $0.97 per share, and showing an increase from $0.74 per share a year ago [1] Financial Performance - The earnings surprise for the quarter was +8.66%, with the company also surpassing earnings expectations in the previous quarter by +4.4% [2] - Howmet's revenues for the quarter reached $2.17 billion, surpassing the Zacks Consensus Estimate by 1.26%, and up from $1.89 billion year-over-year [3] Stock Performance - Howmet shares have increased approximately 12.6% since the beginning of the year, compared to a 1.4% gain in the S&P 500 [4] Future Outlook - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $1.02 for the upcoming quarter and $4.43 for the current fiscal year [8] - The Zacks Rank for Howmet is currently 3 (Hold), indicating expected performance in line with the market [7] Industry Context - The Aerospace - Defense industry, to which Howmet belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting potential challenges ahead [9]

Core Viewpoint - Howmet Aerospace Inc. has provided its adjusted earnings and revenue guidance for Q1 and full-year 2026, indicating positive growth expectations for the company. Group 1: Q1 Guidance - For the first quarter of 2026, the company expects adjusted earnings between $1.09 and $1.11 per share, with revenues projected between $2.225 billion and $2.245 billion [1] - Analysts' average expectations for the same quarter are earnings of $1.02 per share on revenues of $2.17 billion [2] Group 2: Full-Year Guidance - For fiscal year 2026, the company projects adjusted earnings in the range of $4.35 to $4.55 per share, with revenues expected to be between approximately $9.0 billion and $9.2 billion [2] - The consensus among analysts is for earnings of $4.47 per share on revenues of $9.14 billion for the year [2] Group 3: Dividend Declaration - The Board of Directors has declared a 20 percent increase in the dividend to $0.12 per share, which will be paid on February 25, 2026, to shareholders of record as of February 6, 2026 [3] Group 4: Stock Performance - In pre-market trading, Howmet Aerospace Inc. shares are trading at $232.50, reflecting an increase of $1.59 or 0.69 percent [3]

Howmet Aerospace on Thursday forecast first-quarter profit above Wall Street expectations, as the maker of castings and fasteners for aircraft benefited from strong industry demand for planes and part... ...

FOR IMMEDIATE RELEASE Investor Contact Media Contact Paul T. Luther Rob Morrison (412) 553-1950 (412) 553-2666 Paul.Luther@howmet.com Rob.Morrison@howmet.com Howmet Aerospace Reports Fourth Quarter and Full Year 2025 Results Exhibit 99.1 FY 2025: Record Revenue, Up 11% Year Over Year; Record Profit and Cash from Operations FY 2025: GAAP EPS Up 32% Year Over Year; Adjusted EPS Up 40% Year Over Year FY 2025: $700 Million Deployed for Common Stock Repurchases; $265 Million Debt Reduction FY 2026: Revenue Growt ...

Core Insights - Howmet Aerospace reported record revenue and profit for FY 2025, with revenue of $8.3 billion, up 11% year over year, and net income of $1.5 billion, up 25% year over year [1][2][3] - The company generated $1.9 billion in cash from operations for FY 2025, with a free cash flow of $1.4 billion, reflecting strong cash generation capabilities [1][2] - For FY 2026, Howmet expects revenue growth of approximately 10% and improved profit and cash generation [1][4] Fourth Quarter 2025 Financial Results - Fourth quarter revenue reached $2.2 billion, a 15% increase year over year, driven by growth in commercial aerospace (up 13%), defense aerospace (up 20%), and gas turbines (up 32%) [1][2] - Net income for Q4 2025 was $372 million, or $0.92 per share, compared to $314 million, or $0.77 per share, in Q4 2024 [1][2] - Adjusted EPS for Q4 2025 was $1.05, up 42% year over year, with adjusted EBITDA of $653 million, a 29% increase year over year [1][2] Full Year 2025 Financial Performance - Full year operating income was $2.0 billion, up 25% year over year, with an operating income margin of 24.8%, an increase of 280 basis points [2][3] - Adjusted EBITDA for FY 2025 was $2.4 billion, up 26% year over year, with an adjusted EBITDA margin of 29.3%, up 350 basis points [2][3] - The company repurchased $700 million of common stock in FY 2025 and paid $181 million in dividends [1][2] Segment Performance - Engine Products segment reported Q4 revenue of $1.2 billion, a 20% increase year over year, with adjusted EBITDA of $396 million, up 31% [2][3] - Fastening Systems segment achieved Q4 revenue of $454 million, a 13% increase year over year, with adjusted EBITDA of $139 million, up 25% [3] - Engineered Structures segment reported Q4 revenue of $287 million, a 4% increase year over year, with adjusted EBITDA of $63 million, up 24% [3] Strategic Actions and Guidance - The company announced the acquisition of Consolidated Aerospace Manufacturing for approximately $1.8 billion, expected to close in the first half of 2026 [3][4] - Howmet redeemed all outstanding preferred stock for approximately $55 million and reduced its gross pension obligation by approximately $125 million [4] - For Q1 2026, revenue guidance is set between $2.225 billion and $2.245 billion, with adjusted EBITDA guidance of $680 million to $690 million [4]

Howmet Aerospace Inc. (NYSE:HWM) is included in the list of the best performing S&P 500 stocks in the last five years. Recent Upward Revisions Drive Broader Analyst Sentiment on Howmet Aerospace (HWM) As of February 6, 2026, more than 80% of analysts covering the stock remained bullish, with a consensus price target of $240.00, implying a 14.50% upside. Analyst sentiment on Howmet Aerospace Inc. (NYSE:HWM) is supported by several upward revisions across the aerospace and defense sector earlier in January ...

Core Viewpoint - Howmet Aerospace Inc. is expected to report strong fourth-quarter results, with earnings projected to increase by 31.1% year-over-year and revenues expected to rise by 13.2% [2][7]. Financial Performance - The Zacks Consensus Estimate for earnings is 97 cents per share, with revenues projected at $2.14 billion for Q4 2025 [2]. - Earnings estimates have increased by a penny over the past 30 days, indicating positive momentum [2]. - The company has a history of exceeding earnings estimates, with an average surprise of 5.9% over the last four quarters [3]. Market Demand - The commercial aerospace market is driving demand, particularly for wide-body aircraft, which supports OEM spending [5]. - Revenues from the commercial aerospace market are estimated at $1.14 billion, reflecting a 14% increase year-over-year [6]. - The defense aerospace market is also contributing significantly, with expected revenues of $365 million, indicating a 19.7% growth from the previous year [8]. Challenges - The commercial transportation market, particularly the Forged Wheels segment, is facing challenges due to lower OEM builds and tariff impacts, with revenues projected to decline by 6.4% to $279 million [9]. - Supply-chain disruptions in the aerospace sector have led to delays and increased costs, which may impact performance [10]. Valuation - Howmet's forward P/E ratio stands at 49.65X, significantly higher than the industry average of 32.61X, which may pose risks if market sentiment declines [14]. - Compared to peers like General Dynamics and RTX Corporation, Howmet's valuation appears elevated, with General Dynamics and RTX trading at 21.35X and 28.48X, respectively [14]. Investment Outlook - The recent passage of the fiscal year 2026 Defense Appropriations Act, allocating $838.7 billion, is expected to benefit Howmet's defense business and enhance contract opportunities [16]. - Despite strong fundamentals, the company faces near-term challenges in the commercial transportation market and high valuation concerns [17].

Group 1 - Howmet Aerospace Inc. will host a Technology and Markets Day investor presentation on March 10, 2026, from 8:00 AM to 10:30 AM ET [1] - The event will include a detailed agenda and live webcast available on the company's investor website [1] Group 2 - Howmet Aerospace is a leading global provider of advanced engineered solutions for the aerospace and transportation industries [2] - The company's primary businesses focus on jet engine components, aerospace fastening systems, and airframe structural components [2] - Howmet Aerospace holds approximately 1,150 granted and pending patents, enabling the development of lighter, more fuel-efficient aircraft and commercial trucks [2]

Company Overview - Howmet Aerospace Inc. is a leading global provider of advanced engineered solutions for the aerospace and transportation industries, specializing in manufacturing products such as jet engine components, fasteners, and titanium structural parts [1] Recent Performance - HWM has shown resilience with a stock gain of approximately 1.79% over the last 30 days, despite a slight dip of about 3.95% in the past 10 days, indicating steady upward trend and positive market sentiment [2][3][6] Investment Opportunity - The recent 10-day decline of about 3.95% presents a potential buying opportunity for investors, as the stock is poised for a rebound [3][6] - HWM's projected stock price growth of 10.74% suggests significant appreciation potential in the coming months, driven by strong fundamentals and market dynamics [4][6] Financial Health - HWM has a perfect Piotroski Score of 9, indicating strong profitability, liquidity, and operational efficiency, making it an appealing investment choice [5][6] - The target price for HWM is set at $234.25, indicating substantial upside potential [5]