HighGravityData

Curtiss-Wright — Feb 11, 2026 release

Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-26-007480
Open on SEC.gov ↗
Showing in the filing
Adjusted Operating Margin - Naval & Power % Chg vs 2025
“30 - 50 bps”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 33
Operating margin expansion for FY2026
“30 to 60 basis points to a range of 18.9% to 19.2%”
Free cash flow generation for FY2026
“strong free cash flow generation”
Quarterly dividend
“$0.24 a share”
Adjusted Total Sales for FY2026
“$3,710 - $3,765”
Adjusted Operating Income for FY2026
“$703 - $722”
Adjusted Operating Income % Chg vs 2025 for FY2026
“8 - 11%”
Operating Income for FY2025
“8 - 11%”
Adjusted Operating Margin for FY2026
“18.9% - 19.2%”
Adjusted Operating Margin % Chg vs 2025 for FY2026
“30 - 60 bps”
Operating Margin for FY2025
“30 - 60 bps”
Adjusted Diluted EPS for FY2026
“$14.70 - $15.15”
Free cash flow for FY2026
“$575 - $595”
Free Cash Flow % Chg vs 2025 for FY2026
“4 - 7%”
Total Aerospace & Defense Sales Growth for FY2026
“5 - 7%”
Adjusted Sales - Naval & Power % Chg vs 2025 for FY2026
“8 - 9%”
Adjusted Operating Income - Aerospace & Indu… for FY2026
“11 - 14%”
Adjusted Operating Income - Naval & Power % … for FY2026
“10 - 13%”
Adjusted Diluted EPS % Chg vs 2025 for FY2026
“11 - 15%”
Adjusted Diluted Shares Outstanding for FY2026
“37.1”
Adjusted Effective Tax Rate for FY2026
“21.5%”
Adjusted Operating Margin - Aerospace & Indu… for FY2026
“90 - 110 bps”
Adjusted Operating Margin - Defense Electron… for FY2026
“0 - 20 bps”
Adjusted Operating Margin - Naval & Power % … for FY2026
“30 - 50 bps”
Aerospace Defense Sales Growth for FY2026
“9 - 11%”
Ground Defense Sales Growth for FY2026
“(4 - 6%)”
Adjusted Operating Income - Defense Electron… for FY2026
“4 - 6%”
Commercial Aerospace Sales Growth for FY2026
“10 - 12%”
Adjusted Sales - Aerospace & Industrial % Ch… for FY2026
“5 - 7%”
Power & Process Sales Growth for FY2026
“12 - 14%”
Total Commercial Sales Growth for FY2026
“7 - 9%”
Adjusted Total Sales % Chg vs 2025 for FY2026
“6 - 8%”
Total Curtiss-Wright Sales Growth for FY2026
“6 - 8%”
Total Sales for FY2025
“6 - 8%”
Exhibit 99.1 · the passage around this item
… earlier in the release
CURTISS-WRIGHT CORPORATION and SUBSIDIARIES NON-GAAP FINANCIAL DATA (UNAUDITED) ($'s in thousands) Three Months Ended Year Ended December 31, December 31, 2025 2024 2025 2024 Net cash provided by operating activities $ 352,744  $ 301,299  $ 643,402  $ 544,275  Capital expenditures (37,638) (23,271) (89,692) (60,974) Free cash flow $ 315,106  $ 278,028  $ 553,710  $ 483,301  Free cash flow conversion 224 % 223 % 111 % 116 % Curtiss-Wright Corporation, Page 18 CURTISS-WRIGHT CORPORATION 2026 Guidance As of February 11, 2026 ($'s in millions, except per share data) 2025 Reported  (GAAP) 2025 Adjustments (Non-GAAP) (1) 2025 Adjusted (Non-GAAP) (1) 2026 Reported Guidance (GAAP) 2026  Adjustments (Non-GAAP) (2) 2026 Adjusted Guidance (Non-GAAP) (2) Low High Low High 2026 Chg vs 2025 Adjusted Sales: Aerospace & Industrial $ 977  $ —  $ 977  $ 1,030  $ 1,045  $ —  $ 1,030  $ 1,045  5 - 7% Defense Electronics 1,019  —  1,019  1,055  1,075  $ —  1,055  1,075  4 - 6% Naval & Power 1,503  —  1,503  1,625  1,645  $ —  1,625  1,645  8 - 9% Total sales $ 3,498   $ —   $ 3,498   $ 3,710   $ 3,765   $ —   $ 3,710   $ 3,765   6 - 8% Operating income: Aerospace & Industrial $ 166  $ 4  $ 170  $ 186  $ 190  $ 3  $ 189  $ 193  11 - 14% Defense Electronics 278  —  278  288  296  —  288  296  4 - 6% Naval & Power 231  13  245  269  275  1  270  276  10 - 13% Total segments 675   17   693   743   761   4   747   766   Corporate and other (42) —  (42) (44) (44) —  (44) (44) Total operating income $ 634   $ 17   $ 651   $ 699   $ 717   $ 4   $ 703   $ 722   8 - 11% Interest expense $ (43) $ —  $ (43) $ (42) $ (41) $ —  $ (42) $ (41) Other income, net 30  —  30  33  34  $ —  33  34  Earnings before income taxes 620   17   638   691   711   $ 4   695   715   Provision for income taxes (136) (4) (140) (148) (153) (1) (149) (154) Net earnings $ 484   $ 14   $ 498   $ 542   $ 559   $ 3   $ 545   $ 562   Diluted earnings per share $ 12.87   $ 0.36   $ 13.23   $ 14.62   $ 15.07   $ 0.08   $ 14.70   $ 15.15   11 - 15% Diluted shares outstanding 37.6  37.6  37.1  37.1  37.1  37.1  Effective tax rate 21.9  % 21.9  % 21.5  % 21.5  % 21.5  % 21.5  % Operating margins: Aerospace & Industrial 17.0  % 17.4  % 18.1  % 18.2  % 18.3  % 18.5  % 90 - 110 bps Defense Electronics 27.3  % 27.3  % 27.3  % 27.5  % 27.3  % 27.5  % 0 - 20 bps Naval & Power 15.4  % 16.3  % 16.6  % 16.7  % 16.6  % 16.8  % 30 - 50 bps Total operating margin 18.1   % 18.6   % 18.8   % 19.0   % 18.9   % 19.2   % 30 - 60 bps Free cash flow (3) $ 554   $— $ 554   $ 575   $ 595   $— $ 575   $ 595   4 - 7% Notes: Full year amounts may not add due to rounding. (1) 2025 Adjusted financials are defined as Reported Operating Income, Operating Margin, Net Income and Diluted EPS under GAAP excluding costs associated with the Company's 2024 Restructuring Program and the impact of first year purchase accounting adjustments. (2) 2026 Adjusted financials are defined as Reported Operating Income, Operating Margin, Net Income and Diluted EPS under GAAP excluding costs associated with the Company's 2026 Restructuring Program. (3) Free Cash Flow is defined as cash flow from operations less capital expenditures. 2026 Free Cash Flow guidance includes higher capital expenditures supporting growth and efficiency, reflecting a year-over-year increase of approximately $25 million compared with 2025 results. Curtiss-Wright Corporation, Page 19 CURTISS-WRIGHT CORPORATION 2026 Sales Growth Guidance by End Market As of February 11, 2026 2026 % Change vs. 2025 Adjusted % Total Sales Aerospace & Defense Markets Aerospace Defense 9 - 11% 20% G
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.