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Curtiss-Wright Q3 sales rise 10%, beat estimates

By Reuters News


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.)

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