Howmet Aerospace (HWM) Q1 FY25 earnings call

Howmet Aerospace delivered a strong Q1 FY25 with record revenue and significant margin expansion across most segments, driven by robust demand in Commercial Aerospace spares, Defense, and IGT. The company raised its full-year guidance for EBITDA, EPS, and free cash flow, reflecting operational efficiencies and increased 737 MAX build rate assumptions, despite near-term market uncertainties and tariff-related drag. Management is focused on strengthening the balance sheet and continuing strategic capital deployment.