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Curtiss-Wright Sales Rise, Profit Soars!
16 Aug
Summary
- Operating income grew 12%, outpacing revenue growth.
- Defense Electronics orders surged nearly 50% year-over-year.
- Company raises full-year guidance across all segments.
Curtiss-Wright announced its second quarter 2026 results on August 6, revealing a 5% increase in sales, reaching $924 million. The company's operating income grew by 12%, more than double the revenue pace, which expanded profit margins by 110 basis points. Free cash flow saw a substantial jump of 37%, totaling $160 million.
Defense Electronics orders surged by nearly 50% year-over-year, fueled by demand for turret stabilization systems and tactical communications equipment for U.S. military branches. The Aerospace & Industrial segment also performed well, with sales up 12% and operating income climbing 25%. Naval & Power anticipates growth between 7% to 9% for the full year, supported by submarine production and the CVN-81 carrier program.
Looking ahead, Curtiss-Wright anticipates a significant boost from the commercial nuclear sector, with potential orders for Westinghouse AP1000 reactors expected before year-end. Despite some segments experiencing timing shifts in orders, the company's overall performance and raised full-year guidance indicate strong momentum for the remainder of 2026.
