Curtiss-Wright Corporation Earnings Recaps
Q1 2026
May 9, 2026
Shares declined 1.8% following Curtiss-Wright’s Q1 report despite raised full-year guidance, reflecting investor skepticism around the pace of growth and margin expansion amid modest deceleration in key segments.
Key takeaways
- Q1 sales grew 13% year-over-year to $914 million, led by all three segments, with operating income growth surpassing sales, driving a 100-basis point margin expansion.
- Diluted EPS increased 23% year-over-year, supported primarily by Aerospace & Industrial (A&I) segment strength and improved defense sales.
- New orders rose 15%, pushing the backlog to a record $4.3 billion, with book-to-bill ratios exceeding 1.3x across segments.
- Full-year guidance was raised to 7–8% sales growth, 40 to 60 basis points of margin expansion (targeting ~19%), and 13–16% EPS growth, reflecting confidence in defense and commercial nuclear markets.
- Despite solid results and increased guidance, the Defense Electronics segment showed some softness, particularly in ground defense sales, contributing to cautious investor reception.
Q3 2025
Nov 6, 2025
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.
Key takeaways
- 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.