Howmet Aerospace Inc. (NYSE: HWM) shares surged 6.79% in pre-market trading on Thursday following the company's impressive first-quarter results and an upgraded full-year outlook. The aerospace parts manufacturer demonstrated resilience in the face of economic uncertainties and tariff-related challenges.
For the first quarter of 2025, Howmet reported adjusted earnings per share of $0.86, significantly beating the analyst consensus estimate of $0.78. This represents a 50.88% increase from $0.57 per share in the same period last year. The company's quarterly revenue came in at $1.94 billion, meeting analyst expectations and marking a 6.47% increase year-over-year.
In a show of confidence, Howmet raised its full-year 2025 profit forecast. The company now projects adjusted earnings per share between $3.36 and $3.44, up from the previous guidance of $3.13 to $3.21. This optimistic outlook is driven by robust demand for Howmet's fasteners and other critical aircraft parts as planemakers aim to increase production. Despite ongoing tariff-related and economic uncertainties, particularly in North America, Howmet expects to pass on tariff-related costs to customers. The company's strong performance and positive outlook underscore its pivotal role in the aerospace supply chain and its ability to navigate challenging market conditions.