Quarterly ResultMay 7, 2026, 07:36 AM
Curtiss-Wright Q1 Sales +13% to $914M; EPS +23%; Raises FY26 Guidance
AI Summary
Curtiss-Wright reported strong first-quarter 2026 financial results, exceeding expectations with double-digit sales growth and significant operating margin expansion. The company achieved $914 million in sales, up 13%, and adjusted diluted EPS of $3.48, up 23%. Based on this performance, Curtiss-Wright raised its full-year 2026 guidance for sales, operating income, EPS, and free cash flow, reflecting confidence in continued profitable growth across its defense, commercial nuclear, and industrial markets.
Key Highlights
- Reported Q1 2026 sales of $914 million, up 13% year-over-year.
- Adjusted diluted EPS for Q1 2026 was $3.48, an increase of 23%.
- Adjusted operating income for Q1 2026 was $160 million, up 20%, with an adjusted operating margin of 17.6%, up 100 bps.
- New orders reached $1.2 billion, up 16%, resulting in a 1.3x book-to-bill ratio.
- Full-year 2026 sales guidance increased to 7% to 8% growth (previously 6% to 8%).
- Full-year 2026 adjusted diluted EPS guidance raised to $14.90 to $15.30 (previously $14.70 to $15.15).
- Full-year 2026 free cash flow guidance increased by $5 million to $580 million to $600 million.
- Repurchased 21,865 shares for approximately $14 million and declared a quarterly dividend of $0.24 per share.