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Curtiss-Wright — May 6, 2026 release

Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-26-031693
Open on SEC.gov ↗
Showing in the filing
Operating Margin
“40 - 60 bps”
Period
FY2025
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 31
Sales for FY2026
“7% to 8% growth”
Operating margin for FY2026
“19.0% to 19.2%”
Diluted EPS for FY2026
“$14.90 to $15.30”
Free cash flow (FCF) for FY2026
“$580 million to $600 million”
Quarterly dividend
“$0.24 a share”
Total Sales for FY2026
“$3,740 - $3,795”
Total operating income for FY2026
“$712 - $729”
Total operating income, Chg vs 2025 Adjusted for FY2026
“9 - 12%”
Operating Income for FY2025
“9 - 12%”
Diluted earnings per share for FY2026
“$14.90 - $15.30”
Free cash flow, Chg vs 2025 Adjusted for FY2026
“5 - 8%”
Naval & Power Sales, Chg vs 2025 Adjusted for FY2026
“9 - 11%”
Diluted earnings per share, Chg vs 2025 Adju… for FY2026
“13 - 16%”
Diluted shares outstanding for FY2026
“37.1”
Effective tax rate for FY2026
“21.5%”
Aerospace & Industrial Operating margin, Chg… for FY2026
“100 - 120 bps”
Defense Electronics Operating margin, Chg vs… for FY2026
“0 - 20 bps”
Naval & Power Operating margin, Chg vs 2025 … for FY2026
“40 - 60 bps”
Operating Margin for FY2025
“40 - 60 bps”
Aerospace Defense Sales Growth for FY2026
“11 - 13%”
Ground Defense Sales Growth for FY2026
“(4 - 6%)”
Defense Electronics Operating Income, Chg vs… for FY2026
“4 - 6%”
Commercial Aerospace Sales Growth for FY2026
“10 - 12%”
Aerospace & Industrial Operating Income, Chg… for FY2026
“13 - 15%”
Power & Process Sales Growth for FY2026
“13 - 15%”
Total Commercial Sales Growth for FY2026
“8 - 10%”
Aerospace & Industrial Sales, Chg vs 2025 Ad… for FY2026
“6 - 8%”
Total Aerospace & Defense Sales Growth for FY2026
“6 - 8%”
Total Sales, Chg vs 2025 Adjusted for FY2026
“7 - 8%”
Total Curtiss-Wright Sales Growth for FY2026
“7 - 8%”
Total Sales for FY2025
“7 - 8%”
Exhibit 99.1 · the passage around this item
… earlier in the release
CURTISS-WRIGHT CORPORATION and SUBSIDIARIES NON-GAAP FINANCIAL DATA (UNAUDITED) ($'s in thousands) Three Months Ended March 31, 2026 2025 Net cash used for operating activities $ (5,655) $ (38,765) Capital expenditures (11,832) (15,773) Free cash flow $ (17,487) $ (54,538) Free cash flow conversion (14 %) (51 %) Curtiss-Wright Corporation, Page 16 CURTISS-WRIGHT CORPORATION 2026 Guidance As of May 6, 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 Chg vs 2025 Adjusted Sales: Aerospace & Industrial $977 $— $977 $1,040 $1,055 $— $1,040 $1,055 6 - 8% Defense Electronics 1,019 — 1,019 1,055 1,075 — 1,055 1,075 4 - 6% Naval & Power 1,503 — 1,503 1,645 1,665 — 1,645 1,665 9 - 11% Total sales $3,498 $— $3,498 $3,740 $3,795 $— $3,740 $3,795 7 - 8% Operating income: Aerospace & Industrial $166 $4 $170 $186 $190 $6 $192 $196 13 - 15% Defense Electronics 278 — 278 288 296 — 288 296 4 - 6% Naval & Power 231 13 245 275 280 1 276 281 13 - 15% Total segments $675 $17 $693 $749 $766 7 $756 $773 Corporate and other (42) — (42) (43) (44) — (43) (44) Total operating income $634 $17 $651 $706 $722 $7 $712 $729 9 - 12% Interest expense $(43) $— $(43) $(42) $(41) $— $(42) $(41) Other income, net 30 — 30 33 34 — 33 34 Earnings before income taxes 620 17 638 697 715 7 704 723 Provision for income taxes (136) (4) (140) (149) (153) (2) (151) (155) Net earnings $484 $14 $498 $548 $562 $5 $553 $567 Diluted earnings per share $12.87 $0.36 $13.23 $14.76 $15.16 $0.14 $14.90 $15.30 13 - 16% 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% 17.9% 18.0% 18.4% 18.6% 100 - 120 bps Defense Electronics 27.3% 27.3% 27.3% 27.5% 27.3% 27.5% 0 - 20 bps Naval & Power 15.4% 16.3% 16.7% 16.8% 16.7% 16.9% 40 - 60 bps Total operating margin 18.1% 18.6% 18.9% 19.0% 19.0% 19.2% 40 - 60 bps Free cash flow (3) $554 $— $554 $580 $600 $— $580 $600 5 - 8% Notes: 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 17 CURTISS-WRIGHT CORPORATION 2026 Sales Growth Guidance by End Market As of May 6, 2026 2026 % Change vs. 2025 Adjusted Prior Current % Total Sales Aerospace & Defense Markets Aerospace Defense 9 - 11% 11 - 13% 20% Ground Defense (4 - 6%) (4 - 6
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.