← Filings of HWM
Tables in the 10-Q of Howmet Aerospace Inc.
35 tables with numbers, filed Oct 30, 2025. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
| | Page |
| Part I | | |
| Item 1. | Financial Statements and Supplementary Data | 3 |
| Statement of Consolidated Operations for the Third Quarter and Nine Months Ended September 30, 2025 and 2024 | 3 |
| Statement of Consolidated Comprehensive Income for the Third Quarter and Nine Months Ended September 30, 2025 and 2024 | 4 |
| Consolidated Balance Sheet as of September 30, 2025 and December 31, 2024 | 5 |
| Statement of Consolidated Cash Flows for the Nine Months Ended September 30, 2025 and 2024 | 6 |
| Statement of Changes in Consolidated Equity for the Third Quarter Ended September 30, 2025 and 2024 | 7 |
First 8 of 19 rows. The CSV has all of them.
Table 2 after “(in millions, except per-share amounts)”
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| Third quarter ended | Nine months ended | | | | |
| September 30, | September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Sales (C) | $2,089 | | $1,835 | | $6,084 | $5,539 |
| Cost of goods sold (exclusive of expenses below) | 1,365 | | 1,253 | | 4,020 | 3,830 |
| Selling, general administrative, and other expenses | 100 | | 85 | | 274 | 270 |
| Research and development expenses | 10 | | 9 | | 27 | 26 |
| Provision for depreciation and amortization | 72 | | 68 | | 210 | 204 |
First 8 of 24 rows. The CSV has all of them.
| Third quarter ended | Nine months ended | | | | |
| September 30, | September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Net income | $385 | | $332 | | $1,136 | $841 |
| Other comprehensive (loss) income, net of tax (I): | | | | | | |
| Change in unrecognized net actuarial loss and prior service benefit related to pension and other postretirement benefits | 2 | | 8 | | 8 | 15 |
| Foreign currency translation adjustments | (13) | | 71 | | 149 | 30 |
| Net change in unrecognized gains (losses) on cash flow hedges | 6 | | (19) | | (33) | (13) |
First 8 of 10 rows. The CSV has all of them.
| September 30, 2025 | December 31, 2024 | |
| Assets | | | |
| Current assets: | | | |
| Cash and cash equivalents | $659 | | $564 |
| Receivables from customers, less allowances of $— in both 2025 and 2024 (J) | 884 | | 689 |
| Other receivables | 17 | | 20 |
| Inventories (K) | 1,975 | | 1,840 |
| Prepaid expenses and other current assets | 289 | | 249 |
First 8 of 39 rows. The CSV has all of them.
| Nine months ended | | |
| September 30, | | |
| 2025 | 2024 | |
| Operating activities | | | |
| Net income | $1,136 | | $841 |
| Adjustments to reconcile net income to cash provided from operations: | | | |
| Depreciation and amortization | 210 | | 204 |
| Deferred income taxes | 75 | | 39 |
First 8 of 47 rows. The CSV has all of them.
Table 6 after “(in millions, except per-share amounts)”
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| Preferred stock | Common stock | | Additional capital | Retained earnings | | Accumulated other comprehensive loss | Total Equity | |
| Balance at June 30, 2024 | $55 | | $408 | | $3,486 | $2,186 | | $(1,858) | $4,277 |
| Net income | — | | — | | — | 332 | | — | 332 |
| Other comprehensive income (I) | — | | — | | — | — | | 60 | 60 |
| Cash dividends declared: | | | | | | | | | |
| Preferred-Class A @ $0.9375 per share | — | | — | | — | (1) | | — | (1) |
| Common @ $0.16 per share | — | | — | | — | (64) | | — | (64) |
| Repurchase and retirement of common stock (H) | — | | (1) | | (101) | — | | — | (102) |
First 8 of 11 rows. The CSV has all of them.
Table 7 after “(in millions, except per-share amounts)”
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| Preferred stock | Common stock | | Additional capital | Retained earnings | | Accumulated other comprehensive loss | Total Equity | |
| Balance at June 30, 2025 | $55 | | $404 | | $2,898 | $3,434 | | $(1,749) | $5,042 |
| Net income | — | | — | | — | 385 | | — | 385 |
| Other comprehensive loss (I) | — | | — | | — | — | | (5) | (5) |
| Cash dividends declared: | | | | | | | | | |
| Preferred-Class A @ $0.9375 per share | — | | — | | — | (1) | | — | (1) |
| Common @ $0.24 per share | — | | — | | — | (96) | | — | (96) |
| Repurchase and retirement of common stock (H) | — | | (1) | | (201) | — | | — | (202) |
First 8 of 10 rows. The CSV has all of them.
Table 8 after “(U.S. dollars in millions, except per-share amounts)”
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| Preferred stock | Common stock | | Additional capital | Retained earnings | | Accumulated other comprehensive loss | Total Equity | |
| Balance at December 31, 2023 | $55 | | $410 | | $3,682 | $1,720 | | $(1,830) | $4,037 |
| Net income | — | | — | | — | 841 | | — | 841 |
| Other comprehensive income (I) | — | | — | | — | — | | 32 | 32 |
| Cash dividends declared: | | | | | | | | | |
| Preferred-Class A @ $2.8125 per share | — | | — | | — | (2) | | — | (2) |
| Common @ $0.26 per share | — | | — | | — | (106) | | — | (106) |
| Repurchase and retirement of common stock (H) | — | | (4) | | (309) | — | | — | (313) |
First 8 of 11 rows. The CSV has all of them.
Table 9 after “(U.S. dollars in millions, except per-share amounts)”
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| Preferred stock | Common stock | | Additional capital | Retained earnings | | Accumulated other comprehensive loss | Total Equity | |
| Balance at December 31, 2024 | $55 | | $405 | | $3,206 | $2,766 | | $(1,878) | $4,554 |
| Net income | — | | — | | — | 1,136 | | — | 1,136 |
| Other comprehensive income (I) | — | | — | | — | — | | 124 | 124 |
| Cash dividends declared: | | | | | | | | | |
| Preferred-Class A @ $2.8125 per share | — | | — | | — | (2) | | — | (2) |
| Common @ $0.44 per share | — | | — | | — | (178) | | — | (178) |
| Repurchase and retirement of common stock (H) | — | | (3) | | (501) | — | | — | (504) |
First 8 of 11 rows. The CSV has all of them.
Table 10 after “The operating results of the Company’s reportable segments were as follows:”
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| Engine Products | Fastening Systems | | Engineered Structures | Forged Wheels | Total Segment | | |
| Third quarter ended September 30, 2025 | | | | | | | | |
| Sales: | | | | | | | | |
| Third-party sales | $1,105 | | $448 | | $289 | | $247 | $2,089 |
| Inter-segment sales | 1 | | — | | 2 | | — | 3 |
| Total sales | $1,106 | | $448 | | $291 | | $247 | $2,092 |
| Expenses: | | | | | | | | |
| Segment Adjusted cost of goods sold(1) | $709 | | $280 | | $224 | | $162 | $1,375 |
First 8 of 44 rows. The CSV has all of them.
| Nine months ended September 30, 2024 | | | | | |
| Sales: | | | | | |
| Third-party sales | $2,763 | $1,175 | $790 | $811 | $5,539 |
| Inter-segment sales | 6 | — | 7 | — | 13 |
| Total sales | $2,769 | $1,175 | $797 | $811 | $5,552 |
| Expenses: | | | | | |
| Segment Adjusted cost of goods sold(1) | $1,844 | $798 | $654 | $558 | $3,854 |
| Other segment items(2) | 77 | 82 | 28 | 32 | 219 |
First 8 of 15 rows. The CSV has all of them.
Table 12 after “The following table reconciles Total Segment Adjusted EBITDA to Income before income taxes. Differences between the total segment and consol”
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| Third quarter ended | Nine months ended | | | | |
| September 30, | September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Total Segment Adjusted EBITDA | $637 | | $511 | | $1,830 | $1,479 |
| Segment provision for depreciation and amortization | (70) | | (66) | | (205) | (198) |
| Unallocated amounts: | | | | | | |
| Restructuring and other credits (charges) | — | | 1 | | 4 | (21) |
| Corporate expense | (25) | | (25) | | (72) | (72) |
First 8 of 13 rows. The CSV has all of them.
Table 13 after “The following table reconciles total segment capital expenditures with Capital expenditures as presented in the Statement of Consolidated Ca”
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| Third quarter ended | Nine months ended | | | | |
| September 30, | September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Total segment capital expenditures | $105 | | $79 | | $319 | $211 |
| Corporate | 3 | | 3 | | 10 | 8 |
| Capital expenditures | $108 | | $82 | | $329 | $219 |
Table 14 after “The following table disaggregates segment revenue by major market served. Differences between the total segment and consolidated totals are ”
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| Engine Products | Fastening Systems | | Engineered Structures | Forged Wheels | Total Segment | | |
| Third quarter ended September 30, 2025 | | | | | | | | |
| Aerospace - Commercial | $603 | | $310 | | $196 | | $— | $1,109 |
| Aerospace - Defense | 232 | | 44 | | 81 | | — | 357 |
| Commercial Transportation | — | | 54 | | — | | 247 | 301 |
| Industrial and Other: | | | | | | | | |
| Industrial Gas Turbine | 152 | | — | | — | | — | 152 |
| Oil and Gas | 89 | | — | | — | | — | 89 |
First 8 of 37 rows. The CSV has all of them.
Table 15 after “Restructuring and Other (Credits) Charges”
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| Third quarter ended | Nine months ended | | | | |
| September 30, | September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Layoff costs | $— | | $1 | | $3 | $8 |
| Reversals of previously recorded layoff reserves | — | | (1) | | (2) | (1) |
| Net (gain) losses related to divestitures of assets and businesses | (1) | | (1) | | (6) | 12 |
| Other | 1 | | — | | 1 | 2 |
| Total restructuring and other (credits) charges | $— | | $(1) | | $(4) | $21 |
Table 16 after “for a layoff reserve related to a prior period.”
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| Layoff costs | Other exit costs | | Total | |
| Reserve balances at December 31, 2024 | $4 | | $— | | $4 |
| Cash payments | (2) | | (2) | | (4) |
| Restructuring charges (credits) | 1 | | (5) | | (4) |
| Other(1) | — | | 7 | | 7 |
| Reserve balances at September 30, 2025 | $3 | | $— | | $3 |
Table 17 after “The components of net periodic cost (benefit) were as follows:”
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| Third quarter ended | | Nine months ended | | | |
| September 30, | | September 30, | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Pension benefits | | | | | | |
| Service cost | $1 | | $1 | | $2 | $2 |
| Interest cost | 18 | | 18 | | 56 | 56 |
| Expected return on plan assets | (17) | | (17) | | (50) | (52) |
| Recognized net actuarial loss | 8 | | 9 | | 23 | 25 |
First 8 of 15 rows. The CSV has all of them.
| Third quarter ended | Nine months ended | | | | |
| September 30, | September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Non-service costs - pension and other postretirement benefits (E) | $6 | | $8 | | $19 | $24 |
| Interest income | (5) | | (4) | | (13) | (15) |
| Foreign currency (gains) losses, net | (1) | | 2 | | (4) | 9 |
| Net realized and unrealized losses | 6 | | 5 | | 17 | 18 |
| Deferred compensation | 4 | | 6 | | 14 | 14 |
First 8 of 10 rows. The CSV has all of them.
Table 19 after “The tax provision was comprised of the following:”
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| Third quarter ended | Nine months ended | | | | |
| September 30, | September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Pre-tax income at estimated annual effective income tax rate before discrete items | $106 | | $74 | | $301 | $207 |
| Impact of change in estimated annual effective tax rate on previous quarter’s pre-tax income | 5 | | (5) | | — | — |
| Interim period treatment of operational losses in foreign jurisdictions for which no tax benefit is recognized | — | | (1) | | — | 1 |
| Other discrete items | (1) | | (46) | | (27) | (58) |
| Provision for income taxes | $110 | | $22 | | $274 | $150 |
Table 20 after “The information used to compute basic and diluted EPS attributable to Howmet common shareholders was as follows (shares in millions in the t”
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| Third quarter ended | Nine months ended | | | | |
| September 30, | September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Net income | $385 | | $332 | | $1,136 | $841 |
| Less: preferred stock dividends declared | 1 | | 1 | | 2 | 2 |
| Net income available to Howmet Aerospace common shareholders - basic and diluted | $384 | | $331 | | $1,134 | $839 |
| Average shares outstanding - basic | 403 | | 408 | | 404 | 408 |
| Effect of dilutive securities: | | | | | | |
First 8 of 10 rows. The CSV has all of them.
Table 21 after “The following table provides details for share repurchases made for the periods presented:”
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| Number of shares(1) | Average price per share(2) | | Total | |
| Q1 2025 open market repurchase | 1,006,102 | | $124.24 | | $125 |
| Q2 2025 open market repurchase | 1,229,313 | | $142.36 | | $175 |
| Q3 2025 open market repurchase | 1,097,686 | | $182.20 | | $200 |
| 2025 Share repurchases as of September 30, 2025 | 3,333,101 | | $150.01 | | $500 |
| Q1 2024 open market repurchase | 2,243,259 | | $66.87 | | $150 |
| Q2 2024 open market repurchase | 734,737 | | $81.66 | | $60 |
| Q3 2024 open market repurchase | 1,061,323 | | $94.22 | | $100 |
First 8 of 9 rows. The CSV has all of them.
Table 22 after “The following table details the activity of the three components that comprise Accumulated other comprehensive loss:”
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| Third quarter ended | Nine months ended | | | | |
| September 30, | September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Pension and other postretirement benefits (E) | | | | | | |
| Balance at beginning of period | $(666) | | $(682) | | $(672) | $(689) |
| Other comprehensive (loss) income: | | | | | | |
| Unrecognized net actuarial (gain) loss and prior service benefit | (1) | | 4 | | (1) | 3 |
| Tax (expense) benefit | — | | (1) | | 1 | (1) |
First 8 of 30 rows. The CSV has all of them.
| September 30, 2025 | December 31, 2024 | |
| Finished goods | $478 | | $458 |
| Work-in-process | 964 | | 903 |
| Purchased raw materials | 453 | | 408 |
| Operating supplies | 80 | | 71 |
| Total inventories | $1,975 | | $1,840 |
Table 24 after “Properties, Plants, and Equipment, net”
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| September 30, 2025 | December 31, 2024 | |
| Land and land rights | $86 | | $84 |
| Structures | 1,149 | | 1,025 |
| Machinery and equipment | 4,368 | | 4,118 |
| 5,603 | | 5,227 |
| Less: accumulated depreciation and amortization | 3,355 | | 3,150 |
| 2,248 | | 2,077 |
| Construction work-in-progress | 303 | | 309 |
First 8 of 9 rows. The CSV has all of them.
Table 25 after “Operating lease right-of-use assets and lease liabilities in the Consolidated Balance Sheet were as follows:”
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| September 30, 2025 | December 31, 2024 | |
| Right-of-use assets classified in Other noncurrent assets | $163 | | $155 |
| Current portion of lease liabilities classified in Other current liabilities | $41 | | $37 |
| Long-term portion of lease liabilities classified in Other noncurrent liabilities and deferred credits | 122 | | 119 |
| Total lease liabilities | $163 | | $156 |
| September 30, 2025 | December 31, 2024 | |
| USD Term Loan Facility, due 2026(1) | $— | | $140 |
| JPY Term Loan Facility, due 2026(2) | 200 | | 188 |
| 5.900% Notes, due 2027 | 625 | | 625 |
| 6.750% Bonds, due 2028 | 300 | | 300 |
| 3.000% Notes, due 2029 | 700 | | 700 |
| 4.850% Notes, due 2031(3) | 500 | | 500 |
| 5.950% Notes, due 2037 | 625 | | 625 |
First 8 of 13 rows. The CSV has all of them.
Table 27 after “were sold in the nine months ended September 30, 2025. The aforementioned securities are classified in Level 1 of the fair value hierarchy a”
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| September 30, 2025 | December 31, 2024 | | | | |
| Carrying value | Fair value | | Carrying value | Fair value | |
| Long-term debt, less long-term debt due within one year | $3,188 | | $3,262 | | $3,309 | $3,298 |
| Third quarter ended | Nine months ended | | | | |
| September 30, | September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Third-party sales | $1,105 | | $945 | | $3,157 | $2,763 |
| Segment Adjusted EBITDA | 368 | | 307 | | 1,042 | 848 |
| Segment Adjusted EBITDA Margin | 33.3% | | 32.5% | | 33.0% | 30.7% |
| Third quarter ended | Nine months ended | | | | |
| September 30, | September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Third-party sales | $448 | | $392 | | $1,291 | $1,175 |
| Segment Adjusted EBITDA | 138 | | 102 | | 391 | 295 |
| Segment Adjusted EBITDA Margin | 30.8% | | 26.0% | | 30.3% | 25.1% |
| Third quarter ended | Nine months ended | | | | |
| September 30, | September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Third-party sales | $289 | | $253 | | $861 | $790 |
| Segment Adjusted EBITDA | 58 | | 38 | | 180 | 115 |
| Segment Adjusted EBITDA Margin | 20.1% | | 15.0% | | 20.9% | 14.6% |
| Third quarter ended | Nine months ended | | | | |
| September 30, | September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Third-party sales | $247 | | $245 | | $775 | $811 |
| Segment Adjusted EBITDA | 73 | | 64 | | 217 | 221 |
| Segment Adjusted EBITDA Margin | 29.6% | | 26.1% | | 28.0% | 27.3% |
Table 32 after “Reconciliation of Total Segment Adjusted EBITDA to Income before income taxes”
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| Third quarter ended | Nine months ended | | | | |
| September 30, | September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Income before income taxes | $495 | | $354 | | $1,410 | $991 |
| Loss on debt redemption | — | | 6 | | — | 6 |
| Interest expense, net | 37 | | 44 | | 114 | 142 |
| Other expense, net | 10 | | 17 | | 33 | 49 |
| Operating income | $542 | | $421 | | $1,557 | $1,188 |
First 8 of 13 rows. The CSV has all of them.
Table 33 after “The three major credit rating agencies have rated Howmet’s debt with investment grade ratings. The Company’s most recent short-term and long”
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| Short-Term | Long-Term | Outlook |
| S&P Global Ratings (“S&P”) | A-2 | BBB+ | Stable |
| Moody’s Investors Service, Inc. (“Moody’s”) | P-2 | Baa1 | Stable |
| Fitch Ratings, Inc. (“Fitch”) | F1 | BBB+ | Stable |
Table 34 after “The following table presents information with respect to the Company’s repurchases of its common stock during the quarter ended September 30”
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| Period | Total Number of Shares Purchased | Average Price Paid Per Share(1) | | Total Number of Shares Purchased as Part of Publicly Announced Repurchase Plans or Programs | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in millions)(1)(2) | |
| July 1 - July 31, 2025 | 546,743 | | $182.90 | | 546,743 | $1,797 |
| August 1 - August 31, 2025 | 550,943 | | $181.51 | | 550,943 | $1,697 |
| September 1 - September 30, 2025 | — | | $— | | — | $1,697 |
| Total for quarter ended September 30, 2025 | 1,097,686 | | $182.20 | | 1,097,686 | |
| 10.1 | Non-Employee Director Compensation Policy, effective January 1, 2026. |
| 31 | Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 32 | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
| 101.INS | Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document. |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document. |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document. |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document. |
First 8 of 10 rows. The CSV has all of them.