Curtiss-wright Stock Earnings Reports

Curtiss-Wright reported a strong start to 2026 with first quarter sales of $914 million (+13% YoY) and diluted EPS up 23% YoY. New orders increased 15%, producing a 1.3x book-to-bill and a record backlog of nearly $4.3 billion. Management raised full-year 2026 guidance: sales now expected to grow 7%–8%; operating margin targeted at ~19%–19.2% (up 40–60 bps); diluted EPS revised to $14.90–$15.30 (+13%–16%); and free cash flow raised to a record $580M–$600M. All three segments outperformed expectations, with particularly strong growth in Naval & Power (submarine production and commercial nuclear aftermarket) and solid A&D momentum (actuation/sensors, embedded computing). Progress in commercial nuclear includes movement to prototype manufacturing with X-energy for SMR subsystems and continued positioning for AP1000 opportunities. Management reiterated a disciplined M&A approach (focus on Defense Electronics and commercial nuclear), a strong balance sheet (low leverage, $3B revolver capacity), and continued investments in R&D and capacity to support long-term organic growth. They also highlighted ongoing supply-chain management efforts (semiconductor and rare earths) and expect sequential margin improvement through the year with the strongest EPS in Q4.