Howmet stock surges 11% after strong earnings and higher guidance
Updated
Updated · Barron's · May 7
Howmet stock surges 11% after strong earnings and higher guidance
11 articles · Updated · Barron's · May 7
Premarket shares hit $284.80 after first-quarter adjusted EPS of $1.22 on $2.3 billion in sales, beating FactSet forecasts of $1.11 and $2.2 billion.
The aerospace supplier lifted 2026 sales guidance by $550 million to about $9.7 billion and raised EPS guidance to about $4.94, above Wall Street expectations.
CEO John Plant said commercial aerospace backlogs are at record levels, spare engine inventories need rebuilding and defence spending remains healthy, despite investor concern over the Iran conflict.
How will Howmet's recent billion-dollar acquisitions fuel growth amid severe global supply chain constraints?
As global defense spending surges, what hidden risks does this geopolitical boom pose to Howmet's supply chain?
Can technology truly overcome the aerospace industry's deep-rooted labor and material shortages?