Howmet Aerospace 2026年季度报告

FORM 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the Quarterly Period Ended June30, 2026OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Commission File Number 1-3610 HOWMET AEROSPACE INC. (Exact name of registrant as specified in its charter) 201 Isabella Street, Suite 200, Pittsburgh, Pennsylvania 15212-5872(Address of principal executive offices)(Zip code) Investor Relations 412-553-1950Office of the Secretary 412-553-1940(Registrant’s telephone numbers, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90 days.Yes✓No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).Yes✓No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-acceleratedfiler☐ Acceleratedfiler☐Smallerreportingcompany☐Emerginggrowthcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐NoAs of August3, 2026, there were 398,801,399 shares of common stock, par value $1.00 per share, of the registrant outstanding. TABLE OF CONTENTS PagePartIItem1.Financial Statements and Supplementary Data3Statement of Consolidated Operations for the Second Quarter and Six Months Ended June 30, 2026 and 20253Statement of Consolidated Comprehensive Income for the Second Quarter and Six Months Ended June 30, 2026and 20254Consolidated Balance Sheet as of June 30, 2026 and December 31, 20255Statement of Consolidated Cash Flows for the Second Quarter and Six Months Ended June 30, 2026 and 20256Statement of Changes in Consolidated Equity for the Second QuarterEnded June 30, 2026 and 20257Statement of Changes in Consolidated Equity for the Six Months Ended June 30, 2026 and 20258Notes to the Consolidated Financial Statements9Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations27Item 3.Quantitative and Qualitative Disclosures About Market Risk35Item 4.Controls and Procedures35Part IIItem 1.Legal Proceedings36Item 1A.Risk Factors36Item 2.Unregistered Sales of Equity Securities and Use of Proceeds36Item 6.Exhibits37Signatures38 Howmet Aerospace Inc. and subsidiariesStatement of Consolidated Operations (unaudited)(in millions, except per-share amounts) Howmet Aerospace Inc. and subsidiariesConsolidated Balance Sheet (unaudited)(in millions) Howmet Aerospace Inc. and subsidiariesNotes to the Consolidated Financial Statements (unaudited)(U.S. dollars in millions, except share and per-share amounts) A. Basis of Presentation The interim Consolidated Financial Statements of Howmet Aerospace Inc. and its subsidiaries (“Howmet” or the “Company” or “we”or “our”) are unaudited. These Consolidated Financial Statements include all adjustments, consisting only of normal recurringadjustments, considered necessary by management to fairly state the Company’s results of operations, financial position, and cashflows. The results reported in these Consolidated Financial Statements are not necessarily indicative of the results that may beexpected for the entire year. The 2025 year-end balance sheet data was derived from audited financial statements but does not includeall disclosures required by accounting principles generally accepted in the United States of America (“GAAP”). This Form 10-Q reportshould be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December31, 2025 (the “Form 10-K”), which includes all disclosures required by GAAP, and with Exhibit 99.1 to the Company’s Current Report on Form 8-K datedMay 28, 2026, which provides recast historical segment information. Certain amounts in previously issued financial statements werereclassified to conform to the current period presentation. In the six months ended June30, 2026, the Company derived ap