How much stock has Howmet repurchased year-to-date through July 2026?

Howmet repurchased $800 million of common stock year-to-date through July 2026, consisting of $300 million in Q2 2026 at an average price of $250.61 per share (retiring ~1.2 million shares) and $200 million in July 2026 at an average price of $276.61 per share (retiring ~0.7 million shares). The year-to-date average price paid was $248.29 per share.

What authorization remains available for future repurchases?

As of August 6, 2026, Howmet had $697 million of share repurchase authorization remaining. The filing does not disclose the total size of the program or when it was originally authorized, only that this amount is available for future repurchases.

How did strong cash flow support the buyback program?

Howmet generated $838 million of free cash flow in the first half of 2026 after capital expenditures of $198 million, with Q2 alone producing $479 million of free cash flow. CEO John Plant explicitly attributed the $800 million in year-to-date repurchases to this 'excellent' free cash flow performance and the successful integration of the CAM acquisition.

How does 2026 buyback activity compare to 2025?

Howmet's $800 million in repurchases through July 2026 already exceeds the total $700 million of shares repurchased during all of 2025, demonstrating accelerated capital return to shareholders in 2026 driven by stronger financial performance and cash generation.

What mechanism does Howmet use to execute repurchases?

This filing does not specify the repurchase mechanism employed—such as Rule 10b-18 open-market purchases, accelerated share repurchases (ASR), or other methods. The company simply reports executed repurchase activity and average prices paid, without disclosing the execution method.

Has Howmet authorized a new repurchase program in this filing?

No. This filing reports execution of repurchases under an existing authorization; it does not announce a new repurchase authorization or expansion. The $697 million remaining authorization reflects repurchases completed against a previously approved program, the details of which are not disclosed in this 8-K.

HWM 8-K Filed 2026-08-06 Execution disclosure

Howmet Aerospace repurchased $800M shares YTD at $248.29 avg

Company deployed $300M in Q2 at $250.61/share; $697M authorization remains

Shares repurchased1.9M

Avg price paid$248.29

Remaining$697M

MechanismNot specified

What the filing says

Howmet Aerospace repurchased $300 million of common stock in the second quarter 2026 at an average price of $250.61 per share, retiring approximately 1.2 million shares. In July 2026, the Company completed an additional $200 million repurchase at an average price of $276.61 per share, retiring approximately 0.7 million shares. Year to date through July, Howmet has repurchased a total of $800 million of shares at an average price of $248.29 per share, already exceeding the $700 million of shares repurchased in all of 2025.

The Company reported strong free cash flow generation of $479 million in Q2 2026 (after $104 million in capital expenditures) and $838 million for the first six months of 2026, enabling the substantial buyback activity. CEO John Plant noted that the buybacks were supported by "excellent" free cash flow performance and the successful integration of the CAM acquisition completed on April 6, 2026 for approximately $1.8 billion.

As of August 6, 2026, Howmet had $697 million remaining under its share repurchase authorization. The Company has not disclosed specific authorization details in this filing regarding any newly approved program or expansion, but reported executing repurchases under its existing authorization without specifying the repurchase mechanism (such as Rule 10b-18 open-market purchases or other methods).

Year to date through July, the Company has repurchased $800 million of shares at an average price of $248.29 per share, exceeding the $700 million of shares repurchased in all of 2025. As of August 6, 2026, total share repurchase authorization available was $697 million. — Howmet Aerospace Inc. 8-K filing · View on SEC EDGAR →

What this means

Howmet Aerospace used strong operating cash flow and free cash generation to return capital to shareholders through share repurchases totaling $800 million year-to-date through July 2026, with approximately 1.9 million shares retired at an average price of $248.29. This buyback activity, while not part of a newly announced authorization disclosed in this filing, reduces the company's share count and demonstrates management's confidence in the company's valuation following the integration of the $1.8 billion CAM acquisition. With $697 million of authorization remaining and continued free cash flow generation expected, the company retains significant flexibility for future repurchases, though the filing does not specify the timeline or amount of future buyback activity.

Frequently asked questions

How much stock has Howmet repurchased year-to-date through July 2026?: Howmet repurchased $800 million of common stock year-to-date through July 2026, consisting of $300 million in Q2 2026 at an average price of $250.61 per share (retiring ~1.2 million shares) and $200 million in July 2026 at an average price of $276.61 per share (retiring ~0.7 million shares). The year-to-date average price paid was $248.29 per share.
What authorization remains available for future repurchases?: As of August 6, 2026, Howmet had $697 million of share repurchase authorization remaining. The filing does not disclose the total size of the program or when it was originally authorized, only that this amount is available for future repurchases.
How did strong cash flow support the buyback program?: Howmet generated $838 million of free cash flow in the first half of 2026 after capital expenditures of $198 million, with Q2 alone producing $479 million of free cash flow. CEO John Plant explicitly attributed the $800 million in year-to-date repurchases to this 'excellent' free cash flow performance and the successful integration of the CAM acquisition.
How does 2026 buyback activity compare to 2025?: Howmet's $800 million in repurchases through July 2026 already exceeds the total $700 million of shares repurchased during all of 2025, demonstrating accelerated capital return to shareholders in 2026 driven by stronger financial performance and cash generation.
What mechanism does Howmet use to execute repurchases?: This filing does not specify the repurchase mechanism employed—such as Rule 10b-18 open-market purchases, accelerated share repurchases (ASR), or other methods. The company simply reports executed repurchase activity and average prices paid, without disclosing the execution method.
Has Howmet authorized a new repurchase program in this filing?: No. This filing reports execution of repurchases under an existing authorization; it does not announce a new repurchase authorization or expansion. The $697 million remaining authorization reflects repurchases completed against a previously approved program, the details of which are not disclosed in this 8-K.

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Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.