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Curtiss-Wright / Full history

Guidance history, every release

Curtiss-Wright (CW) · 8 releases, Feb 14, 2024 to Aug 5, 2026 · rows are metrics, columns are releases
Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing
MetricFeb 14, 2024
FY23 Q4
May 1, 2024
FY24 Q1
Aug 7, 2024
FY24 Q2
Oct 30, 2024
FY24 Q3
Feb 12, 2025
FY24 Q4
Feb 11, 2026
FY25 Q4
May 6, 2026
FY26 Q1
Aug 5, 2026
FY26 Q2
For FY2027
Quarterly dividend———————New“$0.26 a share”
For FY2026
Adjusted Total Sales—————New“$3,710 - $3,765”——
Adjusted Total Sales % Chg vs 2025—————New“6 - 8%”——
Aerospace Defense sales growth (% of total sales: 20%)———————New“12 - 14%”
Commercial Aerospace sales growth (% of total sales: 13%)———————New“10 - 12%”
General Industrial sales growth (% of total sales: 11%)———————New“1 - 3%”
Ground Defense sales growth (% of total sales: 10%)———————New“(4 - 6%)”
Power & Process sales growth (% of total sales: 19%)———————New“13 - 15%”
Total Aerospace & Defense sales growth (% of total sales: 70%)———————New“7 - 9%”
Total Commercial sales growth (% of total sales: 30%)———————New“8 - 10%”
Total Sales——————New“$3,740 - $3,795”Raised“$3,768 - $3,813”
Total Sales % Change vs 2025 Adjusted———————New“8 - 9%”
Total Sales, Chg vs 2025 Adjusted——————New“7 - 8%”—
Adjusted Diluted EPS—————New“$14.70 - $15.15”——
Adjusted Diluted EPS % Chg vs 2025—————New“11 - 15%”——
Adjusted Operating Income—————New“$703 - $722”——
Adjusted Operating Income - Aerospace & Industrial % Chg vs 2025—————New“11 - 14%”——
Adjusted Operating Income - Defense Electronics % Chg vs 2025—————New“4 - 6%”——
Adjusted Operating Income - Naval & Power % Chg vs 2025—————New“10 - 13%”——
Adjusted Operating Income % Chg vs 2025—————New“8 - 11%”——
Adjusted Operating Margin—————New“18.9% - 19.2%”——
Adjusted Operating Margin - Aerospace & Industrial % Chg vs 2025—————New“90 - 110 bps”——
Adjusted Operating Margin - Defense Electronics % Chg vs 2025—————New“0 - 20 bps”——
Adjusted Operating Margin - Naval & Power % Chg vs 2025—————New“30 - 50 bps”——
Adjusted Operating Margin % Chg vs 2025—————New“30 - 60 bps”——
Aerospace & Industrial Operating Income % Change vs 2025 Adjusted———————New“15 - 17%”
Aerospace & Industrial Operating Income, Chg vs 2025 Adjusted——————New“13 - 15%”—
Aerospace & Industrial Operating Margin Change———————New“110 - 130 bps”
Aerospace & Industrial Operating margin, Chg vs 2025 Adjusted——————New“100 - 120 bps”—
Defense Electronics Operating Income % Change vs 2025 Adjusted———————New“5 - 7%”
Defense Electronics Operating Income, Chg vs 2025 Adjusted——————New“4 - 6%”—
Defense Electronics Operating Margin Change———————New“20 - 40 bps”
Defense Electronics Operating margin, Chg vs 2025 Adjusted——————New“0 - 20 bps”—
Diluted earnings per share——————New“$14.90 - $15.30”—
Diluted earnings per share, Chg vs 2025 Adjusted——————New“13 - 16%”—
Diluted EPS——————New“$14.90 to $15.30”Raised“$15.10 to $15.40”
Diluted EPS % Change vs 2025 Adjusted———————New“14 - 16%”
Naval & Power Operating Income % Change vs 2025 Adjusted———————New“14 - 16%”
Naval & Power Operating Margin Change———————New“50 - 70 bps”
Naval & Power Operating margin, Chg vs 2025 Adjusted——————New“40 - 60 bps”—
Operating Income———————New“$720 - $736”
Operating Income % Change vs 2025 Adjusted———————New“11 - 13%”
Operating margin——————New“19.0% to 19.2%”Raised“19.1% to 19.3%”
Operating margin change vs prior year———————New“50 to 70 basis points”
Operating margin expansion—————New“30 to 60 basis points to a range of 18.9% to 19.2%”——
Total operating income——————New“$712 - $729”—
Total operating income, Chg vs 2025 Adjusted——————New“9 - 12%”—
Adjusted Diluted Shares Outstanding—————New“37.1”——
Adjusted Effective Tax Rate—————New“21.5%”——
Adjusted Sales - Aerospace & Industrial % Chg vs 2025—————New“5 - 7%”——
Adjusted Sales - Naval & Power % Chg vs 2025—————New“8 - 9%”——
Aerospace & Industrial Sales % Change vs 2025 Adjusted———————New“8 - 10%”
Aerospace & Industrial Sales, Chg vs 2025 Adjusted——————New“6 - 8%”—
Aerospace Defense———————New“12 - 14%”
Aerospace Defense Sales Growth—————New“9 - 11%”Raised“11 - 13%”—
Commercial Aerospace———————New“10 - 12%”
Commercial Aerospace Sales Growth—————New“10 - 12%”Reiterated“10 - 12%”—
Defense Electronics Sales % Change vs 2025 Adjusted———————New“4 - 6%”
Diluted shares outstanding——————New“37.1”Reiterated“37.1”
Effective tax rate——————New“21.5%”Reiterated“21.5%”
FCF———————New“$585 to $605 million”
Free cash flow—————New“$575 - $595”—Raised“$585 to $605 million”
Free cash flow (FCF)——————New“$580 million to $600 million”—
Free Cash Flow % Change vs 2025 Adjusted———————New“6 - 9%”
Free Cash Flow % Chg vs 2025—————New“4 - 7%”——
Free cash flow conversion———————New“greater than 105%”
Free cash flow generation—————New“strong free cash flow generation”——
Free cash flow, Chg vs 2025 Adjusted——————New“5 - 8%”—
General Industrial———————New“1 - 3%”
Ground Defense———————New“(4 - 6%)”
Ground Defense Sales Growth—————New“(4 - 6%)”Reiterated“(4 - 6%)”—
Naval & Power Sales % Change vs 2025 Adjusted———————New“10 - 11%”
Naval & Power Sales, Chg vs 2025 Adjusted——————New“9 - 11%”—
Naval Defense———————New“7 - 9%”
Power & Process———————New“13 - 15%”
Power & Process Sales Growth—————New“12 - 14%”Raised“13 - 15%”—
Sales——————New“7% to 8% growth”Raised“8% to 9% growth”
Total Aerospace & Defense———————New“7 - 9%”
Total Aerospace & Defense Sales Growth—————New“5 - 7%”Raised“6 - 8%”—
Total Commercial———————New“8 - 10%”
Total Commercial Sales Growth—————New“7 - 9%”Raised“8 - 10%”—
Total Curtiss-Wright Sales———————New“8 - 9%”
Total Curtiss-Wright Sales Growth—————New“6 - 8%”Narrowed“7 - 8%”—
For FY2025
Adjusted Total Sales————New“$3,335 - $3,385”———
Aerospace Defense % Total Sales————New“20%”———
Commercial Aerospace % Total Sales————New“13%”———
General Industrial % Total Sales————New“12%”———
Ground Defense % Total Sales————New“11%”———
Naval Defense % Total Sales————New“25%”———
Power & Process % Total Sales————New“19%”———
Total Aerospace & Defense % Total Sales————New“69%”———
Total Commercial % Total Sales————New“31%”———
Total Curtiss-Wright Sales % Total Sales————New“100%”———
Total Sales—————New“6 - 8%”Narrowed“7 - 8%”Raised“8 - 9%”
Diluted earnings per share————New“$12.10 - $12.40”———
Diluted earnings per share % Chg————New“11 - 14%”———
Diluted EPS————New“$12.10 - $12.40”———
Diluted EPS % Chg vs 2024 Adjusted————New“11 - 14%”———
EPS growth————New“double-digit”———
Operating Income—————New“8 - 11%”Raised“9 - 12%”Raised“11 - 13%”
Operating income - Aerospace & Industrial % Chg————New“5 - 8%”———
Operating income - Defense Electronics % Chg————New“8 - 10%”———
Operating income - Naval & Power % Chg————New“13 - 16%”———
Operating Income % Chg vs 2024 Adjusted————New“10 - 12%”———
Operating Margin—————New“30 - 60 bps”Narrowed“40 - 60 bps”Raised“50 - 70 bps”
Operating margin - Aerospace & Industrial % Chg————New“40 - 60 bps”———
Operating margin - Defense Electronics % Chg————New“10 - 30 bps”———
Operating margin - Naval & Power % Chg————New“50 - 70 bps”———
Operating Margin % Chg vs 2024 Adjusted————New“40 - 60 bps”———
Operating margin expansion————New“40 to 60 basis points”———
Total operating income————New“$598 - $613”———
Total operating income % Chg————New“10 - 12%”———
Total operating margin————New“17.9% - 18.1%”———
Aerospace Defense sales growth————New“6 - 8%”———
Annualized savings——New“approximately $10 million”—————
Capital expenditures increase————New“$14 to $24 million year-over-year”———
Commercial Aerospace sales growth————New“10 - 12%”———
Diluted shares outstanding————New“37.9”———
Effective tax rate————New“22.0%”———
Free Cash Flow————New“$485 - $505”———
Free Cash Flow % Chg vs 2024 Adjusted————New“0 - 4%”———
Free Cash Flow Generation————New“strong free cash flow generation”———
General Industrial sales growth————New“Flat”———
Ground Defense sales growth————New“3 - 5%”———
Power & Process sales growth————New“16 - 18%”———
Restructuring Program Annualized Savings——New“approximately $10 million”—————
Sales - Aerospace & Industrial % Chg————New“3 - 5%”———
Sales - Defense Electronics % Chg————New“7 - 9%”———
Sales - Naval & Power % Chg————New“10 - 11%”———
Total Aerospace & Defense sales growth————New“5 - 7%”———
Total Commercial sales growth————New“9 - 11%”———
Total Curtiss-Wright Sales growth————New“7 - 8%”———
For FY2024
Aerospace Defense % Total SalesNew“20%”Reiterated“20%”Reiterated“20%”Reiterated“20%”————
Commercial Aerospace % Total SalesNew“12%”Reiterated“12%”Reiterated“12%”Reiterated“12%”————
General Industrial % Total Sales—New“15%”Lowered“14%”Reiterated“14%”————
Ground Defense % Total SalesNew“11%”Reiterated“11%”Reiterated“11%”Reiterated“11%”————
Naval Defense % Total SalesNew“25%”Reiterated“25%”Reiterated“25%”Raised“26%”————
Power & Process % Total Sales—New“18%”Reiterated“18%”Reiterated“18%”————
Total Aerospace & Defense % Total SalesNew“67%”Raised“68%”Reiterated“68%”Raised“69%”————
Total Commercial % Total Sales—New“32%”Reiterated“32%”Lowered“31%”————
Total Curtiss-Wright Sales % Total Sales—New“100%”Reiterated“100%”Reiterated“100%”————
Total SalesNew“$2,960 - $3,010”Raised“$2,985 - $3,035”Raised“$3,010 - $3,060”—————
Total Sales (Adjusted)———New“$3,050 - $3,095”————
Total Sales % Chg vs 2023 AdjustedNew“Up 4% - 6%”—Raised“Up 6% - 8%”—————
Total Sales Change vs 2023 Adjusted———New“Up 7% - 9%”————
Aerospace & Industrial Operating Income % Change vs 2023 Adjusted—New“5 - 8%”——————
Aerospace & Industrial Operating Income Change vs 2023 Adjusted———New“8 - 11%”————
Aerospace & Industrial Operating Margin % Change vs 2023 Adjusted—New“20 to 40 bps”——————
Aerospace & Industrial Operating Margin Change vs 2023 Adjusted———New“50 - 70 bps”————
Defense Electronics Operating Income % Change vs 2023 Adjusted—New“11 - 13%”——————
Defense Electronics Operating Income Change vs 2023 Adjusted———New“13 - 15%”————
Defense Electronics Operating Margin % Change vs 2023 Adjusted—New“50 to 70 bps”——————
Defense Electronics Operating Margin Change vs 2023 Adjusted———New“70 - 90 bps”————
Diluted earnings per share—New“$10.10 - $10.40”Raised“$10.40 - $10.65”—————
Diluted earnings per share (Adjusted)———New“$10.55 - $10.75”————
Diluted earnings per share % Change vs 2023 Adjusted—New“8 to 11%”——————
Diluted earnings per share % Chg—New“8 to 11%”Raised“11 - 14%”—————
Diluted earnings per share Change vs 2023 Adjusted———New“12 - 15%”————
Diluted EPSNew“$10.00 - $10.30”Raised“$10.10 to $10.40, up 8% to 11% (previously $10.00 to $10.30, up 7% to 10%)”Raised“$10.40 to $10.65”Raised“$10.55 to $10.75, up 12% to 15%”————
Diluted EPS (Adjusted)———New“$10.55 - $10.75”————
Diluted EPS % Chg vs 2023 AdjustedNew“Up 7% - 10%”—Raised“Up 11% - 14%”—————
Naval & Power Operating Income % Change vs 2023 Adjusted—New“(3) - (1)%”——————
Naval & Power Operating Income Change vs 2023 Adjusted———New“0 - 2%”————
Naval & Power Operating Margin % Change vs 2023 Adjusted—New“(110 to 130 bps)”——————
Naval & Power Operating Margin Change vs 2023 Adjusted———New“(110 - 130 bps)”————
Operating IncomeNew“$514 - $528”———————
Operating income - Aerospace & Industrial % ChgNew“5 - 8%”Reiterated“5 - 8%”Raised“8 - 11%”Reiterated“8 - 11%”————
Operating income - Defense Electronics % ChgNew“3 - 6%”Raised“11 - 13%”Reiterated“11 - 13%”Raised“13 - 15%”————
Operating income - Naval & Power % ChgNew“2 - 5%”Lowered“(3) - (1)%”Raised“(2) - 0%”Raised“0 - 2%”————
Operating Income % Chg vs 2023 AdjustedNew“Up 4% - 7%”—Raised“Up 6% - 9%”—————
Operating MarginNew“17.4% - 17.6%”———————
Operating margin - Aerospace & Industrial % Chg—New“20 to 40 bps”Raised“50 to 70 bps”—————
Operating margin - Defense Electronics % Chg—New“50 to 70 bps”Reiterated“50 to 70 bps”—————
Operating margin - Naval & Power % Chg—New“(110 to 130 bps)”Reiterated“(110 to 130 bps)”—————
Operating Margin % Chg vs 2023 AdjustedNew“Up 0 - 20 bps”—Reiterated“Up 0 - 20 bps”—————
Operating margin range—New“17.4% to 17.6%, up 0 to 20 basis points compared with the prior year”Reiterated“17.4% to 17.6%”—————
Total operating income—New“$518 - $533”Raised“$525 - $539”—————
Total Operating Income (Adjusted)———New“$531 - $545”————
Total operating income % Chg——New“6 - 9%”Raised“7 - 10%”————
Total Operating Income Change vs 2023 Adjusted———New“7 - 10%”————
Total Operating Margin (Adjusted)———New“17.4% - 17.6%”————
Total operating margin % Change vs 2023 Adjusted—New“0 to 20 bps”——————
Total operating margin % Chg—New“0 to 20 bps”Reiterated“0 to 20 bps”—————
Total Operating Margin Change vs 2023 Adjusted———New“0 - 20 bps”————
Ultra Energy Adjusted Diluted EPS Impact——New“accretive”—————
Adjusted FCF conversion———New“greater than 105%”————
Aerospace & Industrial Sales % Change vs 2023 Adjusted—New“3 - 5%”——————
Aerospace & Industrial Sales Change vs 2023 Adjusted———New“4 - 6%”————
Aerospace Defense sales growth——New“7 - 9%”—————
Aerospace Defense Sales Growth (Current)———New“9 - 11%”————
Annual recurring free cash flow (U.K. legal entity consolidation)——New“approximately $5 million”—————
Commercial Aerospace sales growthNew“10 - 12%”Reiterated“10 - 12%”Raised“13 - 15%”—————
Commercial Aerospace Sales Growth (Current)———New“16 - 18%”————
Defense Electronics Sales % Change vs 2023 Adjusted—New“8 - 10%”——————
Defense Electronics Sales Change vs 2023 Adjusted———New“9 - 11%”————
Diluted shares outstandingNew“38.5”Reiterated“38.5”Reiterated“38.5”—————
Effective tax rateNew“23.5%”Reiterated“23.5%”Lowered“22.5%”—————
FCF conversion—New“nearly 110%”Lowered“greater than 105%”—————
Free cash flow—New“$415 to $435 million, which continues to reflect nearly 110% FCF conversion”Changed“$425 to $445 million”Raised“$430 to $450 million, up 4% to 9%”————
Free cash flow (Reported/Adjusted)———New“$430 - $450”————
Free Cash Flow % Change vs 2023 Adjusted—New“Up 0% - 5%”——————
Free Cash Flow % Chg vs 2023 AdjustedNew“Up 0% - 5%”—Raised“Up 3% - 8%”—————
Free Cash Flow Change vs 2023 Adjusted———New“Up 4% - 9%”————
Free Cash Flow Conversion——New“greater than 105%”—————
Free cash flow conversion outlook—New“well in excess of 100%”——————
Free cash flow conversion rate (Ultra Energy)——New“in excess of 100%”—————
Free cash flow generationNew“ranging from $415 to $435 million”———————
Free cash flow range—New“$415 to $435 million”——————
General Industrial sales growthNew“1 - 3%”Reiterated“1 - 3%”——————
General Industrial Sales Growth (Current)———New“(2 - 4%)”————
Ground Defense sales growthNew“4 - 6%”Raised“10 - 12%”Reiterated“10 - 12%”—————
Naval & Power Sales % Change vs 2023 Adjusted—New“4 - 6%”——————
Naval & Power Sales Change vs 2023 Adjusted———New“8 - 9%”————
Naval Defense sales growthNew“3 - 5%”Reiterated“3 - 5%”Raised“5 - 7%”—————
Power & Process sales growthNew“3 - 5%”Raised“4 - 6%”Reiterated“4 - 6%”—————
Power & Process Sales Growth (Current)———New“5 - 7%”————
Restructuring Program Costs——New“approximately $15 million”—————
Sales—New“5% to 7% growth (previously 4% to 6%)”——————
Sales - Aerospace & Industrial % ChgNew“3 - 5%”Reiterated“3 - 5%”Raised“4 - 6%”Reiterated“4 - 6%”————
Sales - Defense Electronics % ChgNew“5 - 7%”Raised“8 -10%”Reiterated“8 -10%”Raised“9 - 11%”————
Sales - Naval & Power % ChgNew“4 - 6%”Reiterated“4 -6%”Raised“5 -7%”Raised“8 - 9%”————
Sales growth——New“6% to 8% growth”Raised“7% to 9% growth”————
Total Aerospace & Defense sales growthNew“5 - 7%”Raised“6 - 8%”Raised“8 - 10%”—————
Total Aerospace & Defense Sales Growth (Current)———New“10 - 12%”————
Total Commercial sales growthNew“2 - 4%”Reiterated“2 - 4%”Lowered“1 - 3%”—————
Total Commercial Sales Growth (Current)———New“1 - 3%”————
Total Curtiss-Wright Sales growthNew“4 - 6%”Raised“5 - 7%”Raised“6 - 8%”—————
Total Curtiss-Wright Sales Growth (Current)———New“7 - 9%”————
U.K. Legal Entity Consolidation Annual Recurring Free Cash Flow——New“approximately $5 million”—————
No period stated
Annualized savings (U.K. legal entity consolidation)——New“approximately $5 million”—————
Quarterly dividendNew“$0.20 a share”Reiterated“$0.20 a share”Raised“$0.21 a share”Reiterated“$0.21 a share”Reiterated“$0.21 a share”Raised“$0.24 a share”Reiterated“$0.24 a share”—
Quarterly dividend increase———————New“an 8% increase in the quarterly dividend, from twenty-four cents ($0.24) per share to twenty-six cents ($0.26) per share”
Three-Year Financial Targets————New“line of sight to the three-year financial targets that we communicated at our 2024 Investor Day”———
U.K. Legal Entity Consolidation Annualized Savings——New“approximately $5 million”—————
Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.