Howmet Aerospace (HWM) risk factors: FY2025 10-K

1. The markets for Howmet’s products are cyclical, and such markets and Howmet’s operations are influenced by a number of factors, including global economic conditions and regulations.
2. A material disruption of, or manufacturing difficulties at, Howmet’s manufacturing operations could adversely affect Howmet’s business.
3. Howmet is dependent on a limited number of suppliers for materials and services essential to our operations, including raw materials, and supply chain disruptions could have a material adverse effect on our business.
4. Howmet’s business depends, in part, on its ability to successfully meet program demand, production targets, and commitments.
5. Failure to attract and retain a qualified workforce and key personnel or to provide adequate succession planning could adversely affect Howmet’s operations and competitiveness.
6. Howmet could be adversely affected by the loss of key customers or significant changes in the business or financial condition of its customers.
7. Information technology system failures, cyberattacks, and security breaches may threaten the integrity of Howmet’s intellectual property and other sensitive information, disrupt its business operations, and result in reputational harm and other negative consequences having a material adverse effect on its financial condition and results of operations.Cybersecurity
8. Howmet faces significant competition, which may have an adverse effect on profitability.
9. Howmet’s global operations expose Howmet to risks that could adversely affect its business, financial condition, results of operations or cash flows, or the market price of its securities.
10. Howmet may not realize the expected benefits of acquisitions on the anticipated time frame or at all.new

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1. A decline in Howmet’s financial performance or outlook could negatively impact its credit profile, its access to capital markets and its borrowing costs.
2. An adverse decline in the liability discount rate, lower-than-expected investment return on pension assets, and other factors could adversely affect Howmet’s results of operations or amount of pension funding contributions in future periods.
3. Dividends and share repurchases fall within the discretion of our Board of Directors and depend on a number of factors.

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1. Howmet may be exposed to significant legal proceedings, investigations, or changes in U.S. federal, state, or foreign law, regulation, or policy.
2. Our business may be adversely affected if we fail to comply with government contracting regulations.
3. Howmet may face challenges to its intellectual property rights which could adversely affect the Company’s reputation, business, and competitive position.
4. Unanticipated changes in Howmet’s tax provisions or exposure to additional tax liabilities could affect Howmet’s future profitability.
5. Labor disputes and other employee relations issues could adversely affect Howmet’s business, financial condition, or results of operations.
6. Howmet is exposed to environmental, health, and safety risks and is subject to a broad range of health, safety, and environmental laws and regulations which may result in substantial costs and liabilities.
7. Howmet may be affected by global climate change or by legal, regulatory, customer, or supplier responses to such change.
8. With respect to the various transaction agreements that the Company entered into in connection with its separation transactions, if the counterparties fail to meet their obligations or if we have material indemnification obligations under such agreements, our business, results of operations, and financial condition may be materially adversely affected.

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