Overview
Curtiss-Wright Q2 sales rise 12% yr/yr, beating analyst expectations, per LSEG data
Adjusted EPS for Q2 beats consensus, up 21% yr/yr, per LSEG data
Co raises full-year 2025 guidance for sales, operating income, and EPS
Outlook
Curtiss-Wright raises full-year sales growth guidance to 9%-10%
Company increases full-year EPS guidance to $12.70-$13.00
Curtiss-Wright sees full-year operating margin at 18.5%-18.7%
Company expects full-year free cash flow of $520-$535 mln
Result Drivers
DEFENSE GROWTH - Stronger than expected growth in defense markets driven by higher submarine revenues and increased sales of defense electronics products
COMMERCIAL EXPANSION - Growth in power & process market driven by Ultra Energy acquisition and higher organic sales of commercial nuclear products
RESTRUCTURING BENEFITS - Improved operating margins and income attributed to restructuring and operational excellence initiatives
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$877 mln
$852 mln (6 Analysts)
Q2 Adjusted EPS
Beat
$3.23
$3.13 (7 Analysts)
Q2 EPS
$3.19
Q2 Adjusted Operating Income
Beat
$160 mln
$154.70 mln (6 Analysts)
Q2 Adjusted Operating Margin
18.3%
Q2 Free Cash Flow
$117 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for Curtiss-Wright Corp is $500.00, about 2.3% below its August 5 closing price of $511.64
The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 28 three months ago
Press Release: ID:nBw9pQKRJa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)