Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Aug 6, 2026
AI Summary
Q2 2026

Beat and raise: Curtiss-Wright said second quarter results were ahead of expectations and raised full-year 2026 guidance across sales, EPS, margins and free cash flow.

Strong orders: New orders rose 8% in the quarter, with book-to-bill above 1.1x; year-to-date orders are up 12% and book-to-bill is above 1.2x.

Defense strength: Defense Electronics posted record orders, while Defense Electronics and Naval & Power both benefited from strong demand tied to submarines, modernization, Golden Dome and nuclear work.

Supply chain: Management said supply chain pressure has increased, especially in electronics and some materials, but the company believes it is largely secured for 2026 and is positioning for 2027.

Capital returns: Free cash flow was strong and guidance was lifted to a record range, supported by good working-capital control and higher earnings.

Longer-term growth: Management remained upbeat about its Pivot to Growth strategy, pointing to AP1000 nuclear, Golden Dome, commercial aerospace, and industrial vehicle recovery as major future drivers.

Key Financials
Sales
$924 million
Operating margin
19.4%
Free cash flow
$160 million
Free cash flow conversion
116%
Book-to-bill
in excess of 1.1x
Year-to-date book-to-bill
in excess of 1.2x
Full-year EPS
$15.10 to $15.40
Full-year free cash flow
$585 million to $605 million
Full-year operating margin
19.1% to 19.3%
Aerospace & Industrial operating margin guidance
18.5% to 18.7%
Defense Electronics operating margin guidance
27.5% to 27.7%
Earnings Call Recording

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