Curtiss-Wright reported strong third quarter 2026 results with sales reaching $953 million, a 10% increase year-over-year. Growth was broad-based across Aerospace & Defense and Commercial markets, leading management to raise the full-year 2026 adjusted EPS guidance to a range of $15.40 to $15.60.
Key Highlights
- New orders surged 15% to $1.1 billion, resulting in a 1.1x book-to-bill ratio and a record backlog of $4.6 billion.
- Adjusted operating margin expanded 30 basis points to 19.9%, driven by favorable absorption in the Aerospace & Industrial and Naval & Power segments.
- Naval & Power sales grew 12% to $412 million, significantly impacted by production timing on Columbia and Virginia-class submarine programs.
- Defense Electronics margins contracted 220 basis points to 27.0% due to an unfavorable product mix, despite a 2% increase in segment sales.