---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000673"
form_type: "8-K"
ticker: "HWM"
cik: "0000004281"
company_name: "Howmet Aerospace Inc."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:59:37.952758+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Howmet Aerospace Q1 revenue up 21% YoY to $1.60B; raises full-year 2023 guidance

## Summary
- Revenue $1.60B (+21% YoY), net income $148M vs $131M YoY; adj. EPS $0.42, up 35% YoY.
- Raised FY 2023 guidance: revenue $6.200-6.325B, adj. EBITDA $1.400-1.435B, adj. EPS $1.65-1.70.
- Reduced debt by $176M in Q1 (5.125% 2024 Notes), repurchased $25M of common stock, dividend $0.04/share.
- S&P revised outlook to positive from stable, affirmed 'BB+' credit rating on April 25.
- Segment revenue: Engine Products +26%, Fastening +18%, Engineered Structures +14%, Forged Wheels +17%.

## SEC filing metadata
- accession: 0001157523-23-000673
- form_type: 8-K
- ticker: HWM
- cik: 0000004281
- company_name: Howmet Aerospace Inc.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/4281/000115752323000673/0001157523-23-000673-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4281/000115752323000673/a53390919.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000673
- JSON: https://secwatch.observer/filing/0001157523-23-000673.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000673.txt

## Key facts
- Earnings Releases
  Howmet Aerospace Inc. reported first quarter of 2023 results: revenue $1.60 billion, net income $148 million, EPS $0.35 per share. Guidance raised.
  - Period: first quarter of 2023
  - Revenue: $1.60 billion
  - Net income: $148 million
  - EPS: $0.35 per share
  - Guidance: raised
  - Result: reported results
  source text: First Quarter 2023 Highlights Revenue of $1.60 billion, up 21% year over year, driven by commercial aerospace, up 29% year over year Net income of $148 million, or $0.35 per share, versus $131 million, or $0.31 per share, in the first quarter 2022, up 13% year over year
  evidence_url: https://www.sec.gov/Archives/edgar/data/4281/000115752323000673/0001157523-23-000673-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.