Curtiss-Wright beats Q1 sales estimates; lifts 2026 guidance

Curtiss-Wright

06/05/2026 21:44

Overview

Aerospace and defense supplier's Q1 sales rose 13%, beating analyst expectations

Adjusted EPS for Q1 rose 23%, beating analyst consensus

Company raised full-year 2026 guidance for sales, operating income, margin, EPS, and free cash flow

Outlook

Curtiss-Wright raises 2026 sales guidance to 7-8% growth, now $3.74-$3.80 bln

Company expects 2026 diluted EPS of $14.90-$15.30, up 13-16% from prior yr

Curtiss-Wright sees 2026 free cash flow of $580 mln-$600 mln, up $5 mln from prior forecast

Result Drivers

NAVAL DEFENSE & SUBMARINE PROGRAMS - Co said revenue growth in naval defense was driven by timing of production on Virginia-class and Columbia-class submarine programs and higher aftermarket fleet services

COMMERCIAL NUCLEAR & INDUSTRIAL DEMAND - Co said strong growth in commercial markets was led by higher sales of commercial nuclear solutions and increased demand in industrial vehicle products

FAVORABLE OVERHEAD ABSORPTION - Margin expansion was mainly driven by favorable overhead absorption on higher revenues and benefits from restructuring initiatives, partially offset by unfavorable foreign currency translation

Company press release: ID:nBw1DsKtNa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$914 mln
$863.96 mln (7 Analysts)
Q1 Adjusted EPS
Beat
$3.48
$3.30 (8 Analysts)
Q1 EPS
$3.46
Q1 Adjusted Operating Income
Beat
$160 mln
$150.67 mln (7 Analysts)
Q1 Adjusted Operating Margin
17.6%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "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 $725.50, about 0.5% below its May 5 closing price of $728.95

The stock recently traded at 47 times the next 12-month earnings vs. a P/E of 45 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)