Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Howmet's cost of goods fell to 62.9% of sales as engine demand and pricing grew faster than the plants and staff added to meet them
Gas turbine sales rose 44.8% to $349 million, lifting their share of sales by 1.37 points to 12.9%. Commercial aerospace rose 31.6% and gained 0.89 points of share. Defense grew 9.5% to $391 million, so its share fell 2.6 points to 14.5%. Commercial transportation rose 27.6% to $384 million.
Cost of goods sold rose 24.5% and selling and administrative costs 20.0%.
Operating cash flow was $709 million against $531 million a year earlier, 1.25 times net income. Capital expenditure rose to $147 million from $108 million, and free cash flow reached $562 million against $423 million, 20.8% of sales.
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Business Lens describes Howmet Aerospace from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
