Curtiss-Wright — Aug 5, 2026 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-26-053847
Showing in the filing
Diluted shares outstanding
“37.1”
Period
FY2026
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 45
Sales for FY2026
“8% to 9% growth”
Operating margin for FY2026
“19.1% to 19.3%”
Operating margin change vs prior year for FY2026
“50 to 70 basis points”
Diluted EPS for FY2026
“$15.10 to $15.40”
FCF for FY2026
“$585 to $605 million”
Free cash flow for FY2026
“$585 to $605 million”
Free cash flow conversion for FY2026
“greater than 105%”
Quarterly dividend increase
“an 8% increase in the quarterly dividend, from twenty-four cents ($0.24) per share to twenty-six cents ($0.26) per share”
Quarterly dividend for Q2 FY2027
“$0.26 a share”
Total Sales for FY2026
“$3,768 - $3,813”
Operating Income for FY2026
“$720 - $736”
Operating Income % Change vs 2025 Adjusted for FY2026
“11 - 13%”
Operating Income for FY2025
“11 - 13%”
Free Cash Flow % Change vs 2025 Adjusted for FY2026
“6 - 9%”
Naval & Power Sales % Change vs 2025 Adjusted for FY2026
“10 - 11%”
Aerospace & Industrial Operating Income % Ch… for FY2026
“15 - 17%”
Defense Electronics Operating Income % Chang… for FY2026
“5 - 7%”
Naval & Power Operating Income % Change vs 2… for FY2026
“14 - 16%”
Diluted EPS % Change vs 2025 Adjusted for FY2026
“14 - 16%”
Diluted shares outstanding for FY2026
“37.1”
Effective tax rate for FY2026
“21.5%”
Aerospace & Industrial Operating Margin Change for FY2026
“110 - 130 bps”
Defense Electronics Operating Margin Change for FY2026
“20 - 40 bps”
Naval & Power Operating Margin Change for FY2026
“50 - 70 bps”
Operating Margin for FY2025
“50 - 70 bps”
Aerospace Defense sales growth (% of total s… for FY2026
“12 - 14%”
Aerospace Defense for FY2026
“12 - 14%”
Ground Defense sales growth (% of total sale… for FY2026
“(4 - 6%)”
Ground Defense for FY2026
“(4 - 6%)”
Defense Electronics Sales % Change vs 2025 A… for FY2026
“4 - 6%”
Total Aerospace & Defense sales growth (% of… for FY2026
“7 - 9%”
Naval Defense for FY2026
“7 - 9%”
Total Aerospace & Defense for FY2026
“7 - 9%”
Commercial Aerospace sales growth (% of tota… for FY2026
“10 - 12%”
Commercial Aerospace for FY2026
“10 - 12%”
Power & Process sales growth (% of total sal… for FY2026
“13 - 15%”
Power & Process for FY2026
“13 - 15%”
General Industrial sales growth (% of total … for FY2026
“1 - 3%”
General Industrial for FY2026
“1 - 3%”
Total Commercial sales growth (% of total sa… for FY2026
“8 - 10%”
Total Commercial for FY2026
“8 - 10%”
Aerospace & Industrial Sales % Change vs 202… for FY2026
“8 - 10%”
Total Sales % Change vs 2025 Adjusted for FY2026
“8 - 9%”
Total Curtiss-Wright Sales for FY2026
“8 - 9%”
Total Sales for FY2025
“8 - 9%”
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 Six Months Ended June 30, June 30, 2026 2025 2026 2025 Net cash provided by operating activities $ 181,183 $ 136,585 $ 175,528 $ 97,820 Capital expenditures Capital expenditure additions (29,451) (19,381) (41,283) (35,154) Grant proceeds for capital expenditures 8,528 — 8,528 — Net capital expenditures (20,923) (19,381) (32,755) (35,154) Free cash flow $ 160,260 $ 117,204 $ 142,773 $ 62,666 Free cash flow conversion 116 % 96 % 53 % 27 % Curtiss-Wright Corporation, Page 17 CURTISS-WRIGHT CORPORATION 2026 Guidance As of August 5, 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 $ 1,058 $ 1,070 $ — $ 1,058 $ 1,070 8 - 10% Defense Electronics 1,019 — 1,019 1,055 1,075 — 1,055 1,075 4 - 6% Naval & Power 1,503 — 1,503 1,655 1,668 — 1,655 1,668 10 - 11% Total sales $ 3,498 $ — $ 3,498 $ 3,768 $ 3,813 $ — $ 3,768 $ 3,813 8 - 9% Operating income: Aerospace & Industrial $ 166 $ 4 $ 170 $ 189 $ 194 $ 6 $ 195 $ 200 15 - 17% Defense Electronics 278 — 278 291 298 — 291 298 5 - 7% Naval & Power 231 13 245 277 282 1 278 283 14 - 16% Total segments $ 675 $ 17 $ 693 $ 757 $ 774 $ 7 $ 764 $ 780 Corporate and other (42) — (42) (43) (44) — (43) (44) Total operating income $ 634 $ 17 $ 651 $ 714 $ 729 $ 7 $ 720 $ 736 11 - 13% Interest expense $ (43) $ — $ (43) $ (41) $ (41) $ — $ (41) $ (41) Other income, net 30 — 30 51 51 (17) 34 34 Earnings before income taxes $ 620 $ 17 $ 638 $ 724 $ 739 $ (10) $ 713 $ 728 Provision for income taxes (136) (4) (140) (155) (158) 2 (153) (156) Net earnings $ 484 $ 14 $ 498 $ 569 $ 581 $ (8) $ 560 $ 571 Diluted earnings per share $ 12.87 $ 0.36 $ 13.23 $ 15.31 $ 15.61 $ (0.21) $ 15.10 $ 15.40 14 - 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 % 18.1 % 18.5 % 18.7 % 110 - 130 bps Defense Electronics 27.3 % 27.3 % 27.6 % 27.7 % 27.5 % 27.7 % 20 - 40 bps Naval & Power 15.4 % 16.3 % 16.7 % 16.9 % 16.8 % 17.0 % 50 - 70 bps Total operating margin 18.1 % 18.6 % 18.9 % 19.1 % 19.1 % 19.3 % 50 - 70 bps Free cash flow (3) $ 554 $ — $ 554 $ 585 $ 605 $ — $ 585 $ 605 6 - 9% 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 and a gain on equity securities held for investment purposes. (3) Free Cash Flow is defined as cash flow from operations less capital expenditures. 2026 Free Cash Flow guidance includes higher capital expenditu
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other guidance in this release
Text is the filed exhibit, verbatim.