Strong Revenue and Operating Income Growth
Curtiss-Wright reported a third-quarter revenue increase of 9% year-over-year, with a 6% organic growth. Operating income increased by 14% year-over-year, leading to a 90 basis points expansion in operating margin to 19.6%.
Record Backlog and Order Book
The company's backlog reached a record high of over $3.9 billion, up 14% year-to-date. New orders increased by 8%, maintaining a book-to-bill ratio of over 1.0, indicating strong future growth potential.
Increased Full-Year Guidance
Curtiss-Wright raised its full-year 2025 guidance for sales, operating income, and earnings per share. Sales are expected to increase by 10% to 11%, and operating income is projected to grow by 16% to 19%.
Positive Outlook for Aerospace and Defense Segments
Strong growth is anticipated in aerospace and defense markets, with continued demand for commercial aerospace products and increased orders for nuclear propulsion equipment supporting U.S. Navy programs.
Growing Opportunities in Commercial Nuclear Market
Curtiss-Wright secured new DOE-funded multiyear contracts for commercial nuclear projects, and the order book in this segment shows significant growth, indicating long-term opportunities.