Curtiss-Wright Q3 Sales Rise 10% to $953 Million: Raises Full-Year Guidance as Backlog Hits $4.6 Billion
Curtiss-Wright Corporation (NYSE: CW), the aerospace, defense and industrial group headquartered in Davidson, Mecklenburg County, North Carolina, on November 4 reported results for the third quarter ended September 30, 2026, and raised its full-year guidance for all major financial metrics.
Reported sales were $953 million, up 10% year over year, with operating income of $188 million, an operating margin of 19.7%, and diluted earnings per share of $3.77. Adjusted diluted EPS was $3.94, up 16%. Free cash flow was $157 million, generating 108% conversion.
New orders reached $1.1 billion, up 15%, for a book-to-bill of 1.1x, and backlog stood at $4.6 billion, up 12% year to date. The company repurchased $352 million of shares in the quarter and said it remains on track for near-record repurchases in 2026; in September its board authorized an additional $510 million for future repurchases.
By segment, Naval & Power sales rose 12% to $412 million, driven by production timing on the Columbia-class and Virginia-class submarine programs and higher sales of commercial nuclear solutions; Aerospace & Industrial sales rose 14% to $282 million; and Defense Electronics sales rose 2% to $259 million.
For the full year, the company now expects sales growth of 8% to 10%, adjusted diluted EPS of $15.40 to $15.60, up 16% to 18%, and free cash flow of $595 million to $615 million. "Curtiss-Wright delivered a strong third quarter, highlighted by double-digit growth in both revenue and operating income, and mid-teens growth in adjusted diluted EPS," said Lynn M. Bamford, Chair and CEO. "Orders increased 15% year-over-year, primarily driven by continued strong demand in defense electronics and growth across all of our A&D markets." (Source: Curtiss-Wright)
Source: Curtiss-Wright
Published by GSM · USA (original Chinese edition)
Photo: 图：弗吉尼亚级攻击潜艇 California 号（SSN 781）从 Norfolk 海军站出航；Curtiss-Wright 第三季度海军防务收入增长正由哥伦比亚级与弗吉尼亚级潜艇项目带动。美国海军图，Mass Communication Specialist 2nd Class William Jamieson 摄，公共领域，经 Wikimedia Commons。 / Photo: The Virginia-class attack submarine California (SSN 781) getting underway from Naval Station Norfolk; Curtiss-Wright's third-quarter naval defense growth was driven by the Columbia-class and Virginia-class submarine programs. U.S. Navy photo by Mass Communication Specialist 2nd Class William Jamieson, public domain, via Wikimedia Commons.
