Howmet Aerospace

Free Cash Flow was $423 million after $108 million of capital expenditures, as Howmet continues to invest in growth, which is backed by customer contracts.

SEC original ↗Howmet Aerospace — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Plant continued, “Strong cash generation supported continued return of cash to shareholders, with $200 million of share repurchases in the third quarter 2025 and an additional $100 million in October, bringing year-to-date repurchases to $600 million.

SEC original ↗Howmet Aerospace — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Furthermore, the Board of Directors declared a 20% increase in the common stock dividend to $0.12 per share in the third quarter 2025.

SEC original ↗Howmet Aerospace — Earnings release (8-K exhibit)EX-99Oct 30, 2025

The Company also paid down $63 million of debt in the quarter, further strengthening the balance sheet.

SEC original ↗Howmet Aerospace — Earnings release (8-K exhibit)EX-99Oct 30, 2025

dollar millions) Third-party sales $ 945 $ 972 $ 996 $ 1,056 $ 1,105 Inter-segment sales $ 3 $ 1 $ 2 $ 2 $ 1 Provision for depreciation and amortization $ 34 $ 39 $ 34 $ 35 $ 38 Segment Adjusted EBITDA $ 307 $ 302 $ 325 $ 349 $ 368 Segment Adjusted EBITDA Margin 32.5 % 31.1 % 32.6 % 33.0 % 33.3 % Restructuring and other (credits) charges $ 1 $ 1 $ — $ — $ — Capital expenditures $ 55 $ 76 $ 86 $ 75 $ 74 Engine Products reported third quarter 2025 revenue of $1.1 billion, an increase of 17% year over year, due to growth in the commercial aerospace, defense aerospace, industrial gas turbine, and oil and gas markets, including engine spares growth.

SEC original ↗Howmet Aerospace — Earnings release (8-K exhibit)EX-99Oct 30, 2025

dollar millions) Third-party sales $ 392 $ 401 $ 412 $ 431 $ 448 Inter-segment sales $ — $ 1 $ — $ — $ — Provision for depreciation and amortization $ 12 $ 11 $ 12 $ 12 $ 12 Segment Adjusted EBITDA $ 102 $ 111 $ 127 $ 126 $ 138 Segment Adjusted EBITDA Margin 26.0 % 27.7 % 30.8 % 29.2 % 30.8 % Restructuring and other charges $ 1 $ 2 $ — $ 1 $ — Capital expenditures $ 5 $ 9 $ 10 $ 9 $ 13 3 Fastening Systems reported revenue of $448 million, an increase of 14% year over year, due to growth in the commercial aerospace market, partially offset by declines in the commercial transportation market.

SEC original ↗Howmet Aerospace — Earnings release (8-K exhibit)EX-99Oct 30, 2025

The Company’s primary businesses focus on jet engine components, aerospace fastening systems, and airframe structural components necessary for mission-critical performance and efficiency in aerospace and defense applications, as well as forged aluminum wheels for commercial transportation.

SEC original ↗Howmet Aerospace — Earnings release (8-K exhibit)EX-99Oct 30, 2025

All statements that reflect Howmet Aerospace’s expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements, including, without limitation, statements, forecasts and outlook relating to the condition of markets; future financial results or operating performance; future strategic actions; Howmet Aerospace's strategies, outlook, and business and financial prospects; and any future dividends, debt issuances, debt reduction and repurchases of its common stock.

SEC original ↗Howmet Aerospace — Earnings release (8-K exhibit)EX-99Oct 30, 2025

CAM is a global aerospace manufacturer focused on highly-engineered, mission-critical parts used in aerospace markets, such as fasteners, fluid fittings and connectors, and other engineered products.

SEC original ↗Howmet Aerospace — 10-Q Quarterly report10-QAug 6, 2026

Forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and changes in circumstances that are difficult to predict, which could cause actual results to differ materially from those indicated by these statements.

SEC original ↗Howmet Aerospace — Earnings release (8-K exhibit)EX-99Oct 30, 2025

and foreign trade and tax laws, sanctions, embargoes and other regulations; (k) the outcome of contingencies, including legal proceedings, government or regulatory investigations, and environmental remediation; (l) failure to comply with government contracting regulations; (m) adverse changes in discount rates or investment returns on pension assets; and (n) the other risk factors summarized in Howmet Aerospace’s Form 10-K for the year ended December 31, 2024 and other reports filed with the U.

SEC original ↗Howmet Aerospace — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Legal Proceedings 36 Item 1A.

SEC original ↗Howmet Aerospace — 10-Q Quarterly report10-QAug 6, 2026

The timing and level of future aircraft builds by original equipment manufacturers ( OEMs ) are subject to changes and uncertainties, including but not limited to geopolitical tensions or volatility in global energy and raw material markets, which may cause our future results to differ from prior periods due to changes in product mix in certain segments.

SEC original ↗Howmet Aerospace — 10-Q Quarterly report10-QAug 6, 2026

The timing, extent, application, and level of tariffs by various governments and our ability to recover tariffs are subject to changes and uncertainties in all segments.

SEC original ↗Howmet Aerospace — 10-Q Quarterly report10-QAug 6, 2026

While the tariff situation remains fluid, we expect to pass along the costs associated with tariffs to our customers in the form of a cost pass through mechanism.

SEC original ↗Howmet Aerospace — 10-Q Quarterly report10-QAug 6, 2026