Curtiss-Wright Reports Second Quarter 2026 Financial Results and Raises Full-Year 2026 Guidance

About this update from Curtiss-wright Corporation

[{"type":"text","content":"\nCurtiss-Wright Corporation (NYSE: CW) reports financial results for the second quarter ended June 30, 2026.\n\n\nSecond Quarter 2026 Highlights:\n\nReported sales of $924 million, up 5%, operating income of $179 million, operating margin of 19.3%, and diluted earnings per share (EPS) of $4.07;\n\n\n\nAdjusted operating income of $179 million, up 12%;\n\n\n\nAdjusted operating margin of 19.4%, up 110 basis points;\n\n\n\nAdjusted diluted EPS of $3.72, up 15%;\n\n\n\nNew orders of $1.1 billion, up 8%, reflecting a 1.16x book-to-bill; and\n\n\n\nFree cash flow (FCF) of $160 million, generating 116% FCF conversion.\n\n\nRaised Full-Year 2026 Adjusted Financial Outlook:\n\nSales increased to new range of 8% to 9% growth (previously 7% to 8%), reflecting growth in the majority of Curtiss-Wright's end markets;\n\n\n\nOperating income increased to new range of 11% to 13% growth (previously 9% to 12%);\n\n\n\nOperating margin increased to new range of 19.1% to 19.3% (previously 19.0% to 19.2%), representing an increase of 50 to 70 basis points compared with the prior year;\n\n\n\nDiluted EPS increased to new range of $15.10 to $15.40, now up 14% to 16% (previously $14.90 to $15.30, up 13% to 16%); and\n\n\n\nFCF increased by $5 million to new range of $585 to $605 million, which continues to reflect greater than 105% FCF conversion.\n\n\n\"Curtiss-Wright delivered strong second quarter results, highlighted by mid-single digit revenue growth, operating margin expansion in all three segments, mid-teens growth in Adjusted diluted EPS, and better-than-expected free cash flow generation,\" said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation. \"The momentum continues to build in our order book, underscored by record demand for our defense electronics products. Overall, we experienced strong order growth in both our A&D and Commercial markets, as total orders increased 8% year-over-year and resulted in an overall book-to-bill of 1.16x.\"\n\n\n\"Based on our strong first-half execution and our outlook for the remainder of the year, we are confidently raising our full-year outlook for sales, operating income, operating margin, diluted EPS and free cash flow. Curtiss-Wright remains strategically aligned with many favorable secular trends and embedded growth vectors across our A&D and Commercial markets. Overall, the team is...

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