Benzinga | May 6, 2021 07:38AM EDT

Howmet Sees Q2 Adj. EPS $0.19-$0.21 vs $0.23 Est., Sales $1.17B-$1.23B vs $1.28B Est.; Raises FY21 Adj. EPS Guidance From 40.75-$0.89 To $0.91-$1.02 vs $0.94 Est., Raises Sales Guidance From $5.05B-$5.25B To $5.05B-$5.20B

2021 Guidance* Updated

* Updated Full Year 2021 Guidance: Revenue $5.05-$5.20 billion, versus prior $5.05-$5.25 billion, with an unchanged outlook of $5.10 billion, Adjusted EBITDA $1.125-$1.20 billion, versus prior $1.07-$1.15 billion, with an increased outlook of $1.15 billion, Earnings Per Share Excluding Special Items $0.91-$1.02, versus prior $0.75-$0.89, with an increased outlook of $0.95, Adjusted Free Cash Flow $390-$460 million, versus prior $350-$450 million, with an increased outlook of $425 million

* Issued Second Quarter 2021 Guidance: Revenue $1.17-$1.23 billion with an outlook of $1.20 billion, Adjusted EBITDA $260-$270 million with an outlook of $265 million, Earnings Per Share Excluding Special Items $0.19-$0.21 with an outlook of $0.20