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Curtiss-Wright (CW)
NYSE:CW
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
3.21Last Year’s EPS
2.82Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong financial momentum with record full-year results, double-digit revenue and EPS growth, robust free cash flow, meaningful backlog growth, and confident 2026 guidance for sales, margin expansion, and cash flow. Challenges were largely timing and mix related — chiefly order timing in ground defense due to government continuing resolution effects, higher near-term R&D and prototyping mix pressures, and elevated capex needs. Management emphasized durable secular tailwinds in defense and commercial nuclear, disciplined capital allocation (record buybacks and dividend growth), and continued investments in R&D and operational excellence, supporting a constructive outlook despite some short-term timing uncertainties.Company Guidance
Quarterly Revenue Growth
Q4 2025 revenue of $947,000,000, up 15% year-over-year, driven by 11% organic growth and contribution from the I&C Solutions acquisition.
Strong A&D and Commercial Market Performance
Aerospace & Defense markets grew 16% in Q4; commercial aerospace sales rose more than 20% while overall commercial markets increased 13% year-over-year.
Profitability and Margin Expansion (Quarter)
Q4 operating income rose 14% with operating margin at 19.7%; Defense Electronics delivered a 25.9% operating margin (up 160 bps) and Aerospace & Industrial margin was 20.1%.
Earnings and Cash Flow Strength (Quarter)
Diluted EPS increased 16% year-over-year in Q4; free cash flow was $315,000,000 (up 13%) with a reported 224% cash conversion metric for the quarter.
Record Full-Year Results
Full year 2025: operating margin expanded 110 basis points to 18.6%; diluted EPS up 21% year-over-year; adjusted free cash flow reached a record $554,000,000 with 111% conversion.
Order Growth and Backlog
Q4 new orders rose 18% with nearly 1.2x book-to-bill; full year 2025 orders hit a record $4.1 billion (up 10% YoY) and backlog increased 18% to in excess of $4.0 billion.
Capital Allocation and Shareholder Returns
Executed a record $465,000,000 in share repurchases in 2025 and increased the annual dividend for the ninth consecutive year.
2026 Guidance — Growth and Profitability
Management guided 2026 organic sales growth of 6%–8%, operating margin expansion of 30–60 bps to 18.9%–19.2%, diluted EPS growth of 11%–15%, and record free cash flow expected ($575M–$595M).
Segment Outperformance
Enablement Power sales up 21% in Q4 (benefiting naval defense and I&C acquisition); Defense Electronics sales rose 17% in Q4; Aerospace & Industrial grew 5% in Q4 with a 20.1% operating margin.
Investments for Future Growth
Company accelerated R&D investment (committed to growing R&D faster than sales), increased CapEx to support growth (nearly 50% increase in 2025), and highlighted technology initiatives (ruggedized NVIDIA GPU solutions, Fabric 100, Microsoft Azure validation).
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 |
|---|---|---|---|
Feb 11, 2026 | $634.25 | $671.06 | +5.80% |
Nov 05, 2025 | $584.87 | $575.70 | -1.57% |
Aug 06, 2025 | $508.87 | $473.02 | -7.04% |
May 07, 2025 | $361.54 | $377.50 | +4.41% |
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 (CW) report earnings?
Curtiss-Wright (CW) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Curtiss-Wright (CW) earnings time?
Curtiss-Wright (CW) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CW EPS forecast?
CW EPS forecast for the fiscal quarter 2026 (Q1) is 3.21.