Curtiss-Wright Q3 sales rise 10%, beat estimates
Overview
U.S. engineered products maker's Q3 sales rose 10%, beating analyst expectations
Adjusted EPS for Q3 rose 16%, beating analyst expectations
Company repurchased $352 mln in shares during Q3
Outlook
Curtiss-Wright raises 2026 sales growth outlook to 8-10% from 8-9%
Company now sees 2026 adjusted diluted EPS at $15.40-$15.60, up from $15.10-$15.40
Curtiss-Wright lifts 2026 free cash flow forecast to $595-$615 mln
Result Drivers
AEROSPACE & DEFENSE DEMAND - Co said higher revenues on fighter jet and helicopter programs, submarine programs, and OEM sales in commercial aerospace drove A&D market growth
COMMERCIAL MARKET GROWTH - Higher sales of commercial nuclear solutions and industrial vehicle products supported growth in commercial markets
RESTRUCTURING INITIATIVES - Co said restructuring initiatives and favorable absorption on higher revenues contributed to improved margins
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $953 mln | $935.09 mln (8 Analysts) |
Q3 Adjusted EPS | Beat | $3.94 | $3.76 (9 Analysts) |
Q3 EPS | $3.77 | ||
Q3 Adjusted Operating Income | Beat | $189 mln | $182.20 mln (8 Analysts) |
Q3 Adjusted Operating Margin | 19.90% | ||
Q3 Free Cash Flow | $157 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 Corporation is $659.00, about 32.4% above its November 3 closing price of $497.76
The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 44 three months ago
Reuters Recommended Reads
Nov 3 - Leidos Q3 profit beats estimates on cost controls; lifts FY EPS outlook
Nov 4 - Rheinmetall cuts 2026 sales and margin guidance
Nov 2 - Japan weighs $500 billion defence spending plan, sources say
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.)