Overview
Curtiss-Wright Q3 sales meet analyst expectations, adjusted EPS beats estimates
Company raises full-year 2025 guidance for sales, operating income, and diluted EPS
Curtiss-Wright repurchased $290 mln in shares, targeting $450 mln for 2025
Outlook
Curtiss-Wright raises 2025 total sales growth guidance to 10-11%
Company increases 2025 operating income growth forecast to 16-19%
Curtiss-Wright boosts 2025 EPS guidance to $12.95-$13.20
Result Drivers
NAVAL DEFENSE - Growth driven by higher submarine revenues and increased sales of aftermarket fleet services and aircraft handling systems
COMMERCIAL AEROSPACE - Revenue growth from strong demand and higher OEM sales of actuation equipment, sensors, and surface treatment services
OPERATIONAL EXCELLENCE - Improved margins due to favorable absorption and mix of products, supported by operational excellence initiatives
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Meet
$869 mln
$869 mln (6 Analysts)
Q3 Adjusted EPS
Beat
$3.40
$3.27 (7 Analysts)
Q3 EPS
$3.31
Q3 Adjusted Operating Income
Beat
$170 mln
$159.80 mln (6 Analysts)
Q3 Adjusted Operating Margin
19.60%
Q3 Free Cash Flow
$176 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 $565.00, about 3.7% below its November 4 closing price of $586.02
The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 37 three months ago
Press Release: ID:nBw6gLmSFa
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(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.)