A maker of highly engineered equipment for aerospace, defense, and commercial power, Curtiss-Wright supplies sensors, reactor coolant pumps and valves for nuclear plants, and embedded computing used on hundreds of defense platforms worldwide. It was born in 1929 from a merger of companies founded by aviation pioneers Glenn Curtiss and the Wright brothers — who, fittingly, had once been fierce courtroom rivals over who invented the airplane's controls.
Curtiss-Wright reports Q2 2026 results and raises full-year 2026 guidance
Second quarter 2026 reported sales were $924 million, up 5% year-over-year, with operating income of $179 million and diluted EPS of $4.07.
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Adjusted operating income rose 12% to $179 million, adjusted operating margin expanded 110 basis points to 19.4%, and adjusted diluted EPS increased 15% to $3.72.
New orders reached $1.1 billion, up 8%, with a book-to-bill of 1.16x, and free cash flow was $160 million, representing 116% conversion.
The company raised its full-year 2026 adjusted guidance: sales growth of 8-9%, operating income growth of 11-13%, operating margin of 19.1-19.3%, diluted EPS of $15.10-$15.40, and free cash flow of $585-$605 million.
Backlog increased 10% from December 31, 2025 to $4.5 billion, and the quarterly dividend was raised 8% to $0.26 per share.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Curtiss-Wright enters new $1B revolving credit facility, replacing $750M facility
On May 19, 2026, Curtiss-Wright Corporation entered into a new syndicated $1 billion revolving credit facility with JPMorgan Chase Bank as administrative agent.
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The new facility matures on May 19, 2031, and replaces the company's existing $750 million facility that was scheduled to mature in May 2027.
The credit agreement permits up to $200 million for letters of credit and includes an accordion feature allowing up to $500 million in incremental term loans or increased commitments.
Proceeds are expected to be used for general corporate purposes, including potential future acquisitions and internal growth initiatives.
The company stated the facility supports its capital allocation strategy and Pivot to Growth strategy, with covenants no more restrictive than the prior agreement.
1.01 Entry into a Material Definitive Agreement · 1.02 Termination of a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Curtiss-Wright stockholders elect nine directors and approve auditor and executive compensation at 2026 annual meeting.
All nine director nominees were elected, with votes ranging from 25,147,247 for Peter C. Wallace to 29,635,478 for Jeffrey J. Lyash.
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Curtiss-Wright held its Annual Meeting of Stockholders on May 7, 2026.
Stockholders ratified the appointment of Deloitte & Touche LLP as independent auditor for 2026, with 31,748,612 votes for and 1,699,576 against.
An advisory proposal approving named executive officer compensation passed with 27,921,229 votes for and 1,781,260 against, with 3,685,426 broker non-votes.
The results were reported under Item 5.07 as required for matters submitted to a vote of security holders.
5.07 Submission of Matters to a Vote of Security Holders
Curtiss-Wright reports record FY2025 results and issues FY2026 guidance
Fourth quarter 2025 sales were $947 million, up 15%, with reported operating income of $182 million and diluted EPS of $3.69.
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Full-year 2025 sales were $3.5 billion, up 12%, with reported operating income of $634 million and diluted EPS of $12.87.
Full-year 2025 adjusted operating income was $651 million, up 19%, and adjusted diluted EPS was $13.23, up 21%.
Full-year 2025 free cash flow was $554 million, with 111% conversion, and new orders were $4.1 billion, up 10%.
2026 guidance includes total sales of $3,710-$3,765 million, operating margin of 18.9%-19.2%, diluted EPS of $14.70-$15.15, and free cash flow of $575-$595 million.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Curtiss-Wright increases share repurchase authorization to $550 million and declares $0.24 dividend
The company adopted two Rule 10b5-1 trading plans effective January 2, 2026: one for $60 million in purchases over 2026, and another for up to $100 million with a price limit.
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On November 20, 2025, Curtiss-Wright's Board authorized an additional $416 million for share repurchases, bringing total authorization to $550 million.
The company expects record annual share repurchases of $466 million in 2025, and has returned over $1.1 billion via buybacks since early 2021.
A quarterly dividend of $0.24 per share was declared, payable December 12, 2025, to stockholders of record as of November 28, 2025.
The repurchase authorization has no expiration date and may be amended or terminated by the Board at any time.