Curtiss-Wright Corp (CW)
NYSE:CW
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.59Last Year’s EPS
3.23Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed broad operational strength: solid double-digit revenue and EPS growth, record backlog and order momentum, meaningful margin expansion, raised full-year guidance across sales, margins, EPS and free cash flow, and positive segment-level performance (especially Naval & Power and Aerospace & Industrial). Lowlights were primarily timing and market-recovery issues (ground defense timing, short-cycle revenue timing, flat general industrial), supply-chain watch items, and uncertainty on the timing of some large nuclear orders. Overall, the positive financial results, upgraded guidance and record backlog materially outweigh the near-term timing and supply risks.Company Guidance
Top-Line Growth
First quarter sales of $914 million, up 13% year-over-year, driven by higher sales across all major end markets.
Earnings and Margin Expansion
Diluted EPS grew 23% year-over-year. Company delivered a consolidated operating margin of 17.6% in Q1, reflecting a 100 basis point expansion versus prior year.
Record Order Momentum and Backlog
New orders increased 15% in the quarter, producing a 1.3x book-to-bill. Order backlog reached a record nearly $4.3 billion, providing strong visibility into future top-line growth.
Raised Full-Year Guidance
Management raised FY2026 outlook: total sales expected to grow 7%–8%; operating margin targeted at 19.0%–19.2% (up 40–60 bps); diluted EPS now guided to grow 13%–16%; free cash flow raised to $580M–$600M (up 5%–8%).
Segment Outperformance — Naval & Power
Naval and Power segment sales grew 21% year-over-year and operating income grew 33%, producing 140 basis points of margin expansion. Book-to-bill for the segment was 1.5x, driven by submarine production ramps and commercial nuclear aftermarket strength.
Segment Outperformance — Aerospace & Industrial
Aerospace & Industrial sales grew 12% YoY with operating income up 24% and margin expansion of 150 basis points, aided by defense actuation and sensors, OEM commercial aerospace production, favorable absorption and restructuring savings.
Defense Electronics Profitability
Defense Electronics delivered a strong operating margin of 28.1%, up 60 basis points year-over-year, and posted its best performance since Q3 2024 with higher embedded computing and flight recorder sales.
Commercial Nuclear Momentum and SMR Progress
Commercial nuclear strength: guidance implies mid- to high-teens growth. Curtiss-Wright moved from design to prototyping with X-energy; SMR-related revenues expected to rise to ~12% of commercial nuclear revenue (from ~10% prior year). Company reiterated ~$120M content per AP1000 reactor (company disclosure).
Strong Cash Generation and Capital Discipline
Free cash flow conversion expected at approximately 105%. Management targets working capital below 18% and raised FCF guide to a record $580M–$600M. Balance sheet cited as healthy with $3B revolver capacity and leverage near record lows.
Strategic Investment and M&A Firepower
Company increased R&D and capacity investments to support naval ramp and nuclear opportunities, while maintaining disciplined M&A strategy after deploying ~$2.5B since pivot to growth; remains focused on accretive deals and has strong borrowing capacity.
CW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $742.89 | $724.43 | -2.48% |
Feb 11, 2026 | $634.03 | $670.83 | +5.80% |
Nov 05, 2025 | $584.67 | $575.51 | -1.57% |
Aug 06, 2025 | $508.69 | $472.86 | -7.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Curtiss-Wright Corp (CW) report earnings?
Curtiss-Wright Corp (CW) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Curtiss-Wright Corp (CW) earnings time?
Curtiss-Wright Corp (CW) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is CW EPS forecast?
CW EPS forecast for the fiscal quarter 2026 (Q2) is 3.59.