Howmet Aerospace Inc. (NYSE:HWM) shares surged after the aerospace supplier posted stronger-than-expected quarterly results and raised its financial outlook, offering a boost to aerospace and defense ETFs that have faced pressure from rising geopolitical tensions and oil-price volatility.
• Howmet Aerospace stock is challenging resistance. What’s behind HWM new highs?
Howmet reported first-quarter adjusted earnings of $1.22 per share on revenue of $2.3 billion, beating Wall Street expectations for earnings of $1.11 per share and sales of $2.2 billion. The company also increased its 2026 sales guidance by $550 million to about $9.7 billion and lifted earnings guidance to roughly $4.94 per share, above analyst estimates.
CEO John Plant said commercial aerospace backlogs remain at record levels, while demand for engine spare parts and defense-related products continues to strengthen. Although Plant acknowledged that the Iran conflict could eventually affect the sector, the company said it has not yet seen meaningful weakness in customer demand or outlook.
…
This post was originally published here
