Howmet Aerospace Inc. has recently released its 10-K report, providing a detailed look at the company's financial performance and operations. Howmet Aerospace, a global leader in lightweight metals engineering and manufacturing, operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The company's innovative, multi-material products are used in the aerospace (commercial and defense), commercial transportation, gas turbines, and other markets. Howmet operates in 19 countries, with North America and Europe generating 72% and 22% of its sales in 2025, respectively.
In 2025, Howmet reported sales of $8,252 million, marking an 11% increase from 2024. The company's net income also saw a significant rise, reaching $1,508 million, a 31% increase from the previous year. Income before income taxes increased by 33% from 2024, totaling $1,840 million. The company's total segment adjusted EBITDA reached $2,507 million, reflecting a 25% increase from 2024. Howmet ended 2025 with cash on hand and restricted cash of $743 million, with cash provided from operations amounting to $1,884 million.
The company also made strategic moves in 2025, including the acquisition of Brunner Manufacturing Co. Inc. and entering into a transaction with Stanley Black & Decker to purchase CAM for approximately $1.8 billion. Howmet also repurchased approximately 4.4 million shares under its Share Repurchase Program for approximately $700 million.
Looking ahead to 2026, Howmet projects sales to increase, particularly in the commercial aerospace, defense aerospace, and gas turbines markets. The company's strong position in these markets is expected to continue, with a focus on revenue growth and operational performance. Cash provided from operations is also expected to increase compared to 2025, supported by a continued focus on operating performance. Capital expenditures are projected to remain elevated with additional investments in capacity expansions to support aerospace and gas turbines market growth and share gains.
In terms of financial performance, Howmet's 10-K report provides a comprehensive breakdown of its results of operations, including sales, cost of goods sold, selling, general administrative, and other expenses, research and development expenses, provision for depreciation and amortization, restructuring and other charges, interest expense, loss on debt redemption, and income taxes. These figures offer a detailed insight into the company's financial health and strategic direction. Today the company's shares have moved 0.28% to a price of $224.89. If you want to know more, read the company's complete 10-K report here.
