-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
HWM reported Q1 revenue of $2,313M (+19% Y/Y), beating consensus by $72M, with adj. EPS of $1.22 (+42% Y/Y) exceeding estimates by $0.11. Adj. EBITDA margin expanded 320 bps Y/Y to 32.0%, reflecting broad-based demand strength across commercial aerospace, defense, and gas turbines. Engine Products drove outperformance with 29% revenue growth and 400 bps margin expansion to 36.6%, while gas turbines surged 39% Y/Y. Management raised 2026 guidance substantially, lifting revenue by $550M to $9,650M, EBITDA by $300M to $3,060M, and EPS by $0.49 to $4.94. The $1.8B CAM acquisition closed in April, adding aerospace fastening capabilities, while free cash flow of $359M (+168% Y/Y) supported $300M in buybacks. We believe the guidance increase reflects sustained aerospace momentum, with gas turbines projected to double from $1B to $2B over three to five years on data center demand, reinforcing our view that HWM benefits from record OEM backlogs and structural market tailwinds.