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

Issuer:     Howmet Aerospace Inc. (HWM)
CIK:        0000004281
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001104659-26-013832
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Howmet Aerospace Q4 adj EPS $1.05 (+42% YoY); FY revenue record $8.3B; guides FY26 ~10% growth
--------------------------------------------------------------------------------

- Q4 2025 revenue $2.2B (+15% YoY); GAAP EPS $0.92 (+19%); adj EPS $1.05 (+42% YoY); adj EBITDA margin 30.1%.
- FY2025 record revenue $8.3B (+11%); adj EPS $3.77 (+40%); adj EBITDA margin 29.3% (+350 bps); FCF $1.43B.
- Announced $1.8B acquisition of CAM (fasteners) from Stanley Black & Decker; expected close H1 2026; also acquired Brunner.
- FY2026 guidance: rev $9.0-9.2B (~10% growth); adj EPS $4.35-4.55; FCF $1.55-1.65B; capex remains elevated.
- Repurchased $700M stock in 2025; $150M YTD 2026; dividend raised 50% to $0.12/share; debt actions saved ~$22M annual interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4281/000110465926013832/0001104659-26-013832-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4281/000110465926013832/tm266060d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-013832

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