Curtiss-Wright Reports Fourth Quarter and Full-Year 2025 Financial Results; Full-Year 2026 Outlook Reflects Higher Sales, Operating Margin Expansion, Double-Digit EPS Growth and Strong Free Cash Flow

About this update from Curtiss-wright Corporation

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Bamford, Chair and CEO of Curtiss-Wright Corporation.","length":361,"tagName":"p"},{"type":"text","content":""Our full-year 2025 performance reflected the continued momentum that we are generating under our Pivot to Growth strategy. We delivered record-high sales and operating income, 110 basis points in operating margin expansion, and 21% growth in adjusted diluted EPS, as we maintained our commitment to operational excellence and targeted investments across the portfolio. In addition, we achieved record free cash flow of $554 million, which reflected our overall growth in profitability and the team’s relentless focus on reducing working capital. We also experienced strong demand across our A&D and Commercial Nuclear markets, which enabled the team to drive record new orders of $4.1 billion, providing continued confidence in our future top-line growth."","length":771,"tagName":"p"},{"type":"text","content":""Looking ahead, our strong backlog entering the year, combined with the alignment of our technologies to favorable secular growth trends, underpins our expectation to deliver total organic sales growth of 6% to 8% and another strong operational performance in 2026. Additionally, we anticipate operating margin expansion of 30 to 60 basis points to a range of 18.9% to 19.2%, diluted EPS growth of 11% to 15%, and strong free cash flow generation, while continuing to increase both R&D and capital investments. This outlook reinforces our confidence in achieving the three-year financial targets that we communicated at our 2024 Investor Day and in our ability to drive long-term shareholder value."","length":713,"tagName":"p"},{"type":"readMore"},{"type":"text","content":" Fourth Quarter 2025 Operating Results ","length":37,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"border-top:solid black 1.0pt;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;padding-left:5.0px;width:30%;","val":[{"type":"text","content":" (In millions) ","length":13,"tagName":"p","attribs":{}}]},{"colspan":"3","rowspan":"1","style":"border-top:solid black 1.0pt;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;padding-left:0.0px;","val":[{"type":"text","content":" Q4-2025 ","length":7,"tagName":"p","attribs":{}}]},{"colspan":"3","rowspan":"1","style":"border-top:solid black 1.0pt;border-bottom:solid black 1.0pt;border-left:solid black 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markets;","length":153,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Full-year 2025 new orders of $4.1 billion increased 10% and generated an overall book-to-bill of approximately 1.2x, reflecting solid demand within our A&D markets, as well as strong growth for commercial nuclear products within our Commercial markets; and","length":260,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Backlog of $4.1 billion increased 18% from December 31, 2024.","length":61,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":474,"olType":false},{"type":"text","content":" Share Repurchase and Dividends ","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"During the fourth quarter, the Company repurchased approximately 250,000 shares of its common stock for approximately $140 million;","length":131,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"During full-year 2025, the Company repurchased approximately 934,000 shares for $465 million; and","length":97,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The Company also declared a quarterly dividend of $0.24 a share.","length":64,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":292,"olType":false},{"type":"text","content":" Full-Year 2026 Guidance ","length":23,"tagName":"p"},{"type":"text","content":"The Company's full-year 2026 Adjusted financial guidance (1) is as follows:","length":78,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-top:solid black 1.0pt;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;width:30%;padding-left:5.0px;","val":[{"type":"text","content":"($ in millions, except EPS)","length":27,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-top:solid black 1.0pt;border-bottom:solid black 1.0pt;border-left:solid black 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1.0pt;padding-left:0.0px;text-align:center;list-style-position:inside;width:35%;","val":[{"type":"text","content":"$3,710 - $3,765","length":15,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;padding-left:0.0px;padding-right:0.0px;padding-bottom:4.0px;text-align:center;list-style-position:inside;width:35%;","val":[{"type":"text","content":"6 - 8%","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;width:30%;padding-left:5.0px;","val":[{"type":"text","content":"Operating Income","length":16,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;padding-left:0.0px;text-align:center;list-style-position:inside;width:35%;","val":[{"type":"text","content":"$703 - $722","length":11,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;padding-left:0.0px;padding-right:0.0px;padding-bottom:4.0px;text-align:center;list-style-position:inside;width:35%;","val":[{"type":"text","content":"8 - 11%","length":7,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;width:30%;padding-left:5.0px;","val":[{"type":"text","content":"Operating Margin","length":16,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;padding-left:0.0px;text-align:center;list-style-position:inside;width:35%;","val":[{"type":"text","content":"18.9% - 19.2%","length":13,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;padding-left:0.0px;text-align:center;list-style-position:inside;width:35%;","val":[{"type":"text","content":"30 - 60 bps","length":11,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;width:30%;padding-left:5.0px;","val":[{"type":"text","content":"Diluted EPS","length":11,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;padding-left:0.0px;text-align:center;list-style-position:inside;width:35%;","val":[{"type":"text","content":"$14.70 - $15.15","length":15,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;padding-left:0.0px;padding-right:0.0px;padding-bottom:4.0px;text-align:center;list-style-position:inside;width:35%;","val":[{"type":"text","content":"11 - 15%","length":8,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;width:30%;padding-left:5.0px;","val":[{"type":"text","content":"Free Cash Flow (2) ","length":17,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;padding-left:0.0px;text-align:center;list-style-position:inside;width:35%;","val":[{"type":"text","content":"$575 - $595","length":11,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;padding-left:0.0px;padding-right:0.0px;padding-bottom:4.0px;text-align:center;list-style-position:inside;width:35%;","val":[{"type":"text","content":"4 - 7%","length":6,"tagName":"p","attribs":{}}]}]}],"length":236},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"padding-left:0.0px;padding-right:0.0px;padding-bottom:4.0px;vertical-align:top;width:2%;","val":[{"type":"text","content":" (1) ","length":3,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:top;width:98%;padding-left:5.0px;","val":[{"type":"text","content":" Reconciliations of Reported to Adjusted 2025 operating results and 2026 Adjusted financial guidance are available in the Appendix, and exclude first-year purchase accounting costs in the prior period associated with acquisitions as well as costs associated with both our FY24 and FY26 Restructuring Programs. ","length":308,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"padding-left:0.0px;padding-right:0.0px;padding-bottom:4.0px;vertical-align:top;width:2%;","val":[{"type":"text","content":" (2) ","length":3,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:top;width:98%;padding-left:5.0px;","val":[{"type":"text","content":" 2026 Free Cash Flow guidance includes higher capital expenditures supporting growth and efficiency, reflecting a year-over-year increase of approximately $25 million compared with 2025 results. ","length":193,"tagName":"p","attribs":{}}]}]}],"length":507},{"type":"text","content":"**********","length":10,"tagName":"p","attribs":{}},{"type":"text","content":"A more detailed breakdown of the Company’s 2026 financial guidance by segment and by market, as well as all reconciliations of Reported GAAP amounts to Adjusted non-GAAP amounts, can be found in the accompanying schedules. Historical financial results are available in the Investor Relations section of Curtiss-Wright’s website.","length":328,"tagName":"p"},{"type":"text","content":" Conference Call & Webcast Information ","length":41,"tagName":"p"},{"type":"text","content":"The Company will host a conference call to discuss fourth quarter and full-year 2025 financial results and expectations for 2026 guidance at 10:00 a.m. ET on Thursday, February 12, 2026. A live webcast of the call and the accompanying financial presentation, as well as a webcast replay of the call, will be made available on the internet by visiting the Investor Relations section of the Company’s website at www.curtisswright.com .","length":432,"tagName":"p"},{"type":"text","content":"(Tables to Follow)","length":18,"tagName":"p","attribs":{}},{"type":"table...

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