Howmet Aerospace projected first-quarter adjusted earnings of $1.09 to $1.11 per share, exceeding analyst estimates of $1.02. The jet engine component manufacturer also forecast revenue of $2.23 billion to $2.25 billion, ahead of projections of $2.16 billion. The upbeat guidance sent shares higher in premarket trading.

The company's optimistic forecast reflects continued strength in the aerospace sector, particularly in commercial aviation. Howmet, which produces critical components for jet engines, has benefited from increased air travel demand and airlines' ongoing fleet modernization efforts. The company's performance often serves as a bellwether for the broader aerospace supply chain.

Howmet's guidance suggests the company expects to maintain its momentum into the new quarter, despite potential headwinds from supply chain constraints and inflationary pressures. The results will be closely watched by investors as an indicator of the health of the commercial aerospace industry and the company's ability to navigate ongoing operational challenges.