Key Takeaways HWM's adjusted EBITDA margin rose to 28.8% in Q1 2025, up 480 bps from Q4 2024 levels. Margin gains were fueled by pricing strength, productivity and lower SG&A expenses. Solid demand for F-35 spares and aerospace components continues to drive performance.Howmet Aerospace Inc. (HWM) has steadily expanded its adjusted EBITDA margin over the last four quarters, reflecting consistent operational execution. From 25.7% reported in the second quarter of 2024, the margin rose to 26.5% in the third ...