secwatch.observer — SEC 8-K summary
======================================

Issuer:     Howmet Aerospace Inc. (HWM)
CIK:        0000004281
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001104659-25-043005
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Howmet Aerospace Q1 record revenue $1.94B, up 6%; raises FY guidance for adj. EBITDA, EPS, FCF
--------------------------------------------------------------------------------

- Q1 revenue of $1.94B (record), up 6% YoY; GAAP EPS $0.84 vs $0.59; adj. EPS $0.86, up 51%.
- Adjusted EBITDA $560M, margin 28.8% (+480bps); raised FY 2025 adj. EBITDA guidance to $2.225-2.275B.
- Commercial aerospace up 9%; Forged Wheels down 13% on lower commercial transport volumes.
- Repurchased $125M in Q1 and $100M in April; dividend doubled to $0.10/sh; Fitch upgraded to BBB+.
- Free cash flow $134M, up from $95M; FY 2025 FCF guidance raised to $1.1-1.2B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4281/000110465925043005/0001104659-25-043005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4281/000110465925043005/tm2513739d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-043005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer