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Adjusted EBITDA by Segment
Highlights profitability across different business segments, giving insight into which areas are driving earnings and how effectively each segment is managed.
Engine Products is the clear profit driver — accelerating to record EBITDA as spares and gas‑turbine aftermarket demand lift margins — and is responsible for most of the recent companywide EBITDA upside. Fastening Systems has moved from flat to steady improvement, helped by bolt‑on M&A, while Engineered Structures shows a durable recovery after earlier rationalization. Forged Wheels remains the most cyclical downside (volume/tariff sensitivity) despite a recent rebound. Watch OEM build‑rate assumptions, elevated capex/hiring drag and execution risk from the large CAM acquisition.
HWM Adjusted EBITDA by Segment
| Date | Engine Products | Fastening Systems | Engineered Structures | Forged Wheels |
|---|---|---|---|---|
| Jun 30, 2026 | $517.00M | $177.00M | $64.00M | $88.00M |
| Mar 31, 2026 | $458.00M | $150.00M | $66.00M | $90.00M |
| Dec 31, 2025 | $396.00M | $139.00M | $63.00M | $79.00M |
| Sep 30, 2025 | $368.00M | $138.00M | $58.00M | $73.00M |
| Jun 30, 2025 | $349.00M | $126.00M | $62.00M | $76.00M |
| Mar 31, 2025 | $325.00M | $127.00M | $60.00M | $68.00M |
| Dec 31, 2024 | $302.00M | $111.00M | $51.00M | $66.00M |
| Sep 30, 2024 | $307.00M | $102.00M | $38.00M | $64.00M |
| Jun 30, 2024 | $292.00M | $101.00M | $40.00M | $75.00M |
| Mar 31, 2024 | $249.00M | $92.00M | $37.00M | $82.00M |
| Dec 31, 2023 | $233.00M | $80.00M | $33.00M | $72.00M |
| Sep 30, 2023 | $219.00M | $76.00M | $30.00M | $77.00M |
| Jun 30, 2023 | $223.00M | $64.00M | $20.00M | $81.00M |
| Mar 31, 2023 | $212.00M | $58.00M | $30.00M | $79.00M |
| Dec 31, 2022 | $191.00M | $58.00M | $34.00M | $72.00M |
| Sep 30, 2022 | $186.00M | $64.00M | $28.00M | $64.00M |
| Jun 30, 2022 | $179.00M | $56.00M | $26.00M | $75.00M |
| Mar 31, 2022 | $173.00M | $56.00M | $23.00M | $67.00M |
| Dec 31, 2021 | $151.00M | $60.00M | $31.00M | $72.00M |
| Sep 30, 2021 | $151.00M | $59.00M | $26.00M | $72.00M |
| Jun 30, 2021 | $130.00M | $63.00M | $24.00M | $70.00M |
| Mar 31, 2021 | $132.00M | $57.00M | $22.00M | $80.00M |
| Dec 31, 2020 | $129.00M | $60.00M | $28.00M | $72.00M |
| Sep 30, 2020 | $70.00M | $45.00M | $23.00M | $45.00M |
| Jun 30, 2020 | $136.00M | $82.00M | $33.00M | $15.00M |
| Mar 31, 2020 | $195.00M | $108.00M | $41.00M | $60.00M |