Howmet Aerospace Stock Takes Off as Robust Demand Lifts Earnings

Group 1 - Howmet Aerospace reported better-than-expected sales and profits for Q2, leading to a significant increase in its stock price [1][5] - The company raised its full-year guidance, driven by strong demand trends in commercial aerospace due to high travel demand and an aging aircraft fleet [2][8] - Howmet's Q2 revenue reached $1.88 billion, a 14% increase year-over-year, with commercial aerospace sales rising 27% [6] Group 2 - The company’s earnings per share (EPS) for Q2 were 65 cents, surpassing consensus estimates of 60 cents [6] - Howmet's board authorized a $2 billion increase in its share buyback program after repurchasing $60 billion worth of shares in Q2, and also raised its dividend [4][5] - The current full-year EPS guidance is projected to be between $2.53 and $2.57, with revenue expectations of $7.4 billion to $7.48 billion, both exceeding current consensus forecasts [8]