Leeham News and Analysis
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Leeham News and Analysis
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- Boeing publicizes fourth Chief Aerospace Safety Officer Report May 21, 2025
- Boeing’s 2025 annual safety report due this month May 20, 2025
Supplier Howmet exceeds expectations despite tariffs
By Karl Sinclair
Howmet 1Q2025 earnings report.
May 1, 2025, © Leeham News: Howmet Aerospace (HWM) reported record revenues, record profits and a strong cash position in 1Q2025.
Revenues were up 6%, Year-Over-Year (YOY) to $1.94bn, beating the baseline projection of $1.935bn, driven by Commercial Aerospace, which was up 9%.
Adjusted EBITDA was $560m, up 28% YOY, crushing baseline estimates of $520m.
Cash from operations generated $253m, while $125m was spent on stock buybacks, during the quarter. The company also spent a further $100m on buybacks in April. Total capital deployment was $167m on buybacks and dividends, for the period.
Free-cash-flow was $134m, up from $95m, YOY.
Howmet reported net income of $344m in 1Q2025, versus $243m in 1Q2024.
“While the tariff situation remains fluid, we expect to pass on tariff-related costs to our customers,” remarked Executive Chairman and CEO John Plant.