Curtiss-Wright reported strong third quarter results with 9% revenue growth and a 14% increase in operating income year-over-year, driven by robust demand in aerospace and defense markets.
- Revenue reached $869 million, with 6% organic growth contributing to the overall increase.
- Operating income expanded by 14%, leading to an operating margin of 19.6%, a 90 basis point improvement.
- Free cash flow of $176 million demonstrated nearly 140% conversion, supporting continued investment in growth initiatives.
- The company raised its full-year guidance for sales growth to 10-11% and operating income growth to 16-19%, reflecting a strengthened backlog and ongoing demand in commercial aerospace and nuclear markets.
- Backlog increased 14% year-to-date to a record $3.9 billion, signaling strong future revenue visibility.
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