Form 8-K
8-K — CURTISS WRIGHT CORP
Accession: 0001628280-26-031693
Filed: 2026-05-07
Period: 2026-05-06
CIK: 0000026324
SIC: 3590 (MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — cw-20260506.htm (Primary)
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EX-99.2 (ex992_cwxq126.htm)
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8-K
8-K (Primary)
Filename: cw-20260506.htm · Sequence: 1
cw-20260506
0000026324False00000263242026-05-062026-05-06
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 6, 2026
CURTISS-WRIGHT CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Delaware 1-134 13-0612970
(State or Other
Jurisdiction of
Incorporation) (Commission File
Number) (IRS Employer
Identification No.)
130 Harbour Place Drive, Suite 300
Davidson, North Carolina 28036
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (704) 869-4600
--------------
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock CW New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 2 - Financial Information
Item 2.02. Results of Operations and Financial Condition
On Wednesday, May 6, 2026, the Company issued a press release announcing financial results for the first quarter ended March 31, 2026. A conference call and webcast presentation will be held on Thursday, May 7, 2026 at 10:00 am ET for management to discuss the Company’s first quarter 2026 financial performance as well as expectations for 2026 financial performance. Lynn M. Bamford, Chair and Chief Executive Officer, and K. Christopher Farkas, Executive Vice President and Chief Financial Officer, will host the call. A copy of the press release and the webcast slide presentation are attached hereto as Exhibits 99.1 and 99.2.
The financial press release, access to the webcast, and the accompanying financial presentation will be posted on Curtiss-Wright's website at www.curtisswright.com. In addition, the dial-in number for domestic callers is (800) 343-5172, while international callers can dial (203) 518-9856. The conference ID code is CWQ126. For those unable to join the live presentation, a webcast replay will be available within the Investor Relations section on the Company’s website beginning one hour after the call takes place.
The information contained in this Current Report, including Exhibits 99.1 and 99.2, are being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934 or otherwise subject to the liabilities of that Section. The information in this report shall not be incorporated by reference into any filing of the registrant with the SEC, whether made before or after the date hereof, regardless of any general incorporation language in such filings.
Item 9.01 Financial Statements and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
99.1 Press Release dated May 6, 2026
99.2 Presentation shown during investor and securities analyst webcast on May 7, 2026
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CURTISS-WRIGHT CORPORATION
By: /s/ K. Christopher Farkas
K. Christopher Farkas
Executive Vice President and
Chief Financial Officer
Date: May 7, 2026
EX-99.1
EX-99.1
Filename: ex991_cwxq126xearnings.htm · Sequence: 2
Document
Curtiss-Wright Corporation, Page 1
Exhibit 99.1
CURTISS-WRIGHT REPORTS FIRST QUARTER 2026 FINANCIAL RESULTS AND RAISES FULL-YEAR 2026 GUIDANCE FOR SALES, OPERATING MARGIN, EPS AND FREE CASH FLOW
DAVIDSON, N.C. – May 6, 2026 – Curtiss-Wright Corporation (NYSE: CW) today announced its financial results for the first quarter ended March 31, 2026.
First Quarter 2026 Highlights:
•Reported sales of $914 million, up 13%, operating income of $160 million, up 23%, operating margin of 17.5%, and diluted earnings per share (EPS) of $3.46;
•Adjusted operating income of $160 million, up 20%;
•Adjusted operating margin of 17.6%, up 100 basis points;
•Adjusted diluted EPS of $3.48, up 23%; and
•New orders of $1.2 billion, up 16%, reflecting a 1.3x book-to-bill.
Raised Full-Year 2026 Adjusted Financial Outlook:
•Sales guidance increased to new range of 7% to 8% growth (previously 6% to 8%), which continues to reflect growth in the majority of Curtiss-Wright's end markets;
•Operating income guidance increased to new range of 9% to 12% growth (previously 8% to 11%);
•Operating margin guidance range increased to new range of 19.0% to 19.2%, representing an increase of 40 to 60 basis points compared with the prior year;
•Diluted EPS guidance increased to new range of $14.90 to $15.30, now up 13% to 16% (previously $14.70 to $15.15, or 11% to 15%); and
•Free cash flow (FCF) guidance range increased by $5 million to $580 million to $600 million, which continues to reflect greater than 105% FCF conversion.
"Curtiss-Wright delivered strong first quarter 2026 results, exceeding our overall expectations, highlighted by double-digit sales growth in both our total A&D and Commercial end markets, significant operating margin expansion, 23% growth in adjusted diluted EPS, and better-than-expected free cash flow generation," said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation. "We also achieved strong momentum in orders, up 16% year-over-year, which resulted in a 1.3x book-to-bill, underpinned by heightened demand across our defense, commercial nuclear and industrial markets."
"Based upon our overall strong start to the year, we have confidently increased our full-year 2026 guidance ranges for sales, operating income, operating margin, diluted EPS and free cash flow. Additionally, as we successfully execute on our Pivot to Growth strategy, we continue to maintain an efficient balance sheet, with ample liquidity, to support our disciplined capital allocation strategy. Overall, Curtiss-Wright remains strategically aligned with many favorable secular growth trends across our markets and well positioned to deliver long-term profitable growth for our shareholders."
Curtiss-Wright Corporation, Page 2
First Quarter 2026 Operating Results
(In millions) Q1-2026 Q1-2025 Change
Reported
Sales $ 914 $ 806 13 %
Operating income $ 160 $ 129 23 %
Operating margin 17.5 % 16.0 % 150 bps
Adjusted (1)
Sales $ 914 $ 806 13 %
Operating income $ 160 $ 134 20 %
Operating margin 17.6 % 16.6 % 100 bps
(1)Reconciliations of Reported to Adjusted operating results are available in the Appendix.
•Sales of $914 million, up $108 million, or 13% compared with the prior year;
•Total Aerospace & Defense (A&D) market sales increased 14%, while total Commercial market sales increased 12%;
•In our A&D markets, we experienced stronger than expected growth in the defense markets, principally driven by higher submarine revenues in naval defense and overall higher sales of actuation equipment, in addition to continued strong OEM sales growth in the commercial aerospace market;
•In our Commercial markets, we experienced strong growth in the power & process market driven by higher sales of commercial nuclear solutions, as well as modest sales growth in the general industrial market; and
•Adjusted operating income of $160 million increased 20%, while Adjusted operating margin increased 100 basis points to 17.6%. This performance was mainly driven by favorable overhead absorption on higher revenues in all three segments, partially offset by unfavorable foreign currency translation.
Curtiss-Wright Corporation, Page 3
First Quarter 2026 Segment Performance
Aerospace & Industrial
(In millions) Q1-2026 Q1-2025 Change
Reported
Sales $ 255 $ 227 12 %
Operating income $ 38 $ 30 29 %
Operating margin 15.1 % 13.2 % 190 bps
Adjusted (1)
Sales $ 255 $ 227 12 %
Operating income $ 39 $ 32 24 %
Operating margin 15.4 % 13.9 % 150 bps
(1)Note: Reconciliations of Reported to Adjusted operating results are available in the Appendix.
•Sales of $255 million, up $28 million, or 12%;
•Aerospace defense market revenue growth reflected increased year-over-year sales of sensors products and surface treatment services, as well as higher than anticipated sales of actuation equipment, supporting various domestic and international fighter jet programs;
•Growth in the ground defense market reflected higher sales of electromechanical actuation equipment;
•Commercial aerospace market revenue growth reflected higher OEM sales of actuation equipment, sensors products and surface treatment services on narrowbody and widebody platforms;
•Growth in the general industrial market mainly reflected higher sales of industrial vehicle products serving off-highway vehicle platforms; and
•Adjusted operating income was $39 million, up 24% from the prior year, while Adjusted operating margin increased 150 basis points to 15.4%, driven by favorable absorption on higher revenues and the benefits of the Company's restructuring initiatives, partially offset by unfavorable foreign currency translation.
Curtiss-Wright Corporation, Page 4
Defense Electronics
(In millions) Q1-2026 Q1-2025 Change
Reported
Sales $ 256 $ 245 5 %
Operating income $ 72 $ 67 7 %
Operating margin 28.1 % 27.5 % 60 bps
Adjusted (1)
Sales $ 256 $ 245 5 %
Operating income $ 72 $ 67 7 %
Operating margin 28.1 % 27.5 % 60 bps
(1)Note: Reconciliations of Reported to Adjusted operating results are available in the Appendix.
•Sales of $256 million, up $11 million, or 5%;
•Higher revenue in the aerospace defense market was principally driven by increased global sales of embedded computing and avionics equipment, partially offset by the timing of revenues on various helicopter programs;
•Ground defense market revenues were essentially flat, as the benefit of higher sales of turret drive stabilization and ammunition handling systems equipment to various international customers was offset by the timing of tactical communications equipment sales supporting various domestic programs;
•Lower revenue in the naval defense market reflected timing of embedded computing equipment sales supporting various domestic and international programs;
•Commercial aerospace market revenue growth principally reflected higher sales of aerospace instrumentation equipment to OEM customers; and
•Adjusted operating income was $72 million, up 7% from the prior year, while Adjusted operating margin increased 60 basis points to 28.1%, primarily due to favorable absorption on higher revenues, mix of products, and the benefits of the Company's restructuring initiatives, partially offset by higher investment in research and development and unfavorable foreign currency translation.
Curtiss-Wright Corporation, Page 5
Naval & Power
(In millions) Q1-2026 Q1-2025 Change
Reported
Sales $ 402 $ 333 21 %
Operating income $ 60 $ 42 43 %
Operating margin 14.9 % 12.6 % 230 bps
Adjusted (1)
Sales $ 402 $ 333 21 %
Operating income $ 60 $ 45 33 %
Operating margin 14.9 % 13.5 % 140 bps
(1)Reconciliations of Reported to Adjusted operating results are available in the Appendix.
•Sales of $402 million, up $69 million, or 21%;
•Revenue growth in the naval defense market was driven by the timing of production on the Virginia-class and Columbia-class submarine programs, in addition to higher sales of aftermarket fleet services as well as aircraft handling systems equipment to international customers;
•Higher revenue in the aerospace defense market reflected increased sales of arresting systems equipment supporting international customers;
•Higher power & process market revenues reflected higher sales of commercial nuclear solutions supporting both the maintenance of existing operating reactors globally, as well as next-generation advanced reactors, as these projects begin to transition from development to the initial prototype stage; and
•Adjusted operating income was $60 million, up 33% from the prior year, while Adjusted operating margin increased 140 basis points to 14.9%, primarily due to favorable absorption on higher revenues, mix of products, and the benefits of the Company's restructuring initiatives, partially offset by higher investment in research and development.
Curtiss-Wright Corporation, Page 6
Free Cash Flow
(In millions) Q1-2026 Q1-2025 Change
Net cash used for operating activities $ (6) $ (39) 85 %
Capital expenditures (12) (16) 25 %
Free cash flow
$ (17) $ (55) 68 %
•Free cash flow of ($17) million increased $37 million, principally driven by higher cash earnings and improved working capital.
New Orders and Backlog
•New orders of approximately $1.2 billion increased 16% compared with the prior year, principally reflecting strong demand across our naval defense, commercial nuclear and industrial end markets; and
•Backlog of approximately $4.3 billion, up 5% from December 31, 2025, reflects higher demand across the A&D and Commercial markets.
Share Repurchase and Dividends
•During the first quarter, the Company repurchased 21,865 shares of its common stock for approximately $14 million; and
•The Company declared a quarterly dividend of $0.24 a share.
Curtiss-Wright Corporation, Page 7
Full-Year 2026 Guidance
The Company is updating its full-year 2026 Adjusted financial guidance(1) as follows:
($ In millions, except EPS)
2026 Adjusted Non-GAAP Guidance (Prior)
2026 Adjusted Non-GAAP Guidance
(Current)
Change vs 2025 Adjusted
(Current)
Total Sales $3,710 - $3,765
$3,740 - $3,795
7 - 8%
Operating Income $703 - $722
$712 - $729
9 - 12%
Operating Margin 18.9% - 19.2%
19.0% - 19.2%
40 - 60 bps
Diluted EPS $14.70 - $15.15
$14.90 - $15.30
13 - 16%
Free Cash Flow(2)
$575 - $595
$580 - $600
5 - 8%
(1)Reconciliations of Reported to Adjusted 2025 operating results and 2026 financial guidance are available in the Appendix and exclude first-year purchase accounting costs associated with prior-year acquisitions as well as costs associated with both our FY24 and FY26 Restructuring Programs.
(2)2026 Free Cash Flow guidance includes higher capital expenditures supporting growth and efficiency, reflecting a year-over-year increase of approximately $25 million compared with 2025 results.
**********
A more detailed breakdown of the Company’s 2026 financial guidance by segment and by market, as well as all reconciliations of Reported GAAP amounts to Adjusted non-GAAP amounts, can be found in the accompanying schedules. Historical financial results are available in the Investor Relations section of Curtiss-Wright’s website.
Conference Call & Webcast Information
The Company will host a conference call to discuss its first quarter 2026 financial results and business outlook at 10:00 a.m. ET on Thursday, May 7, 2026. A live webcast of the call and the accompanying financial presentation, as well as a webcast replay of the call, will be made available on the internet by visiting the Investor Relations section of the Company’s website at www.curtisswright.com.
(Tables to Follow)
Curtiss-Wright Corporation, Page 8
CURTISS-WRIGHT CORPORATION and SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED)
($'s in thousands, except per share data)
Three Months Ended
March 31,
2026 2025
Product sales $ 771,019 $ 678,977
Service sales 142,668 126,668
Total net sales 913,687 805,645
Cost of product sales 504,515 442,090
Cost of service sales 77,689 71,091
Total cost of sales 582,204 513,181
Gross profit 331,483 292,464
Research and development expenses 24,182 23,019
Selling expenses 44,546 39,925
General and administrative expenses 102,336 99,029
Restructuring expenses 910 1,286
Operating income 159,509 129,205
Interest expense 9,941 10,143
Other income, net 8,197 6,030
Earnings before income taxes 157,765 125,092
Provision for income taxes (29,579) (23,755)
Net earnings $ 128,186 $ 101,337
Basic earnings per share $ 3.47 $ 2.69
Diluted earnings per share $ 3.46 $ 2.68
Dividends per share $ 0.24 $ 0.21
Weighted average shares outstanding:
Basic 36,897 37,683
Diluted 37,058 37,851
Curtiss-Wright Corporation, Page 9
CURTISS-WRIGHT CORPORATION and SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
($'s in thousands, except par value)
March 31, December 31,
2026 2025
Assets
Current assets:
Cash and cash equivalents $ 343,447 $ 371,345
Receivables, net 996,331 932,344
Inventories, net 640,642 615,097
Other current assets 91,247 99,688
Total current assets 2,071,667 2,018,474
Property, plant, and equipment, net 379,454 382,200
Goodwill 1,685,367 1,692,490
Other intangible assets, net 516,051 532,381
Operating lease right-of-use assets, net 210,950 198,603
Prepaid pension asset
340,206 333,547
Other assets 66,386 63,597
Total assets $ 5,270,081 $ 5,221,292
Liabilities
Current liabilities:
Current portion of long-term and short-term debt $ 200,000 $ 200,000
Accounts payable 277,208 310,303
Accrued expenses 203,226 242,942
Deferred revenue 568,967 561,452
Other current liabilities 110,758 90,870
Total current liabilities 1,360,159 1,405,567
Long-term debt 757,635 757,884
Deferred tax liabilities 159,556 154,002
Accrued pension and other postretirement benefit costs 69,211 71,417
Long-term operating lease liability 190,748 178,466
Other liabilities 100,927 120,382
Total liabilities $ 2,638,236 $ 2,687,718
Stockholders' equity
Common stock, $1 par value $ 49,187 $ 49,187
Additional paid in capital 162,326 165,014
Retained earnings 4,429,993 4,310,680
Accumulated other comprehensive loss (194,028) (173,812)
Less: cost of treasury stock (1,815,633) (1,817,495)
Total stockholders' equity $ 2,631,845 $ 2,533,574
Total liabilities and stockholders' equity $ 5,270,081 $ 5,221,292
Curtiss-Wright Corporation, Page 10
Use and Definitions of Non-GAAP Financial Information (Unaudited)
The Corporation supplements its financial information determined under U.S. generally accepted accounting principles (GAAP) with certain non-GAAP financial information. Curtiss-Wright believes that these Adjusted (non-GAAP) measures provide investors with improved transparency in order to better measure Curtiss-Wright’s ongoing operating and financial performance and provide more relevant comparisons of our key financial metrics to our peers. These non-GAAP measures should not be considered in isolation or as a substitute for the related GAAP measures, and other companies may define such measures differently. Curtiss-Wright encourages investors to review its financial statements and publicly filed reports in their entirety and not to rely on any single financial measure. Reconciliations of “Reported” GAAP amounts to “Adjusted” non-GAAP amounts are furnished within this release.
The following definitions are provided:
Adjusted Sales, Operating Income, Operating Margin, Net Earnings and Diluted EPS
These Adjusted financials are defined as Reported Operating Income, Operating Margin, Net Earnings and Diluted Earnings per Share under GAAP excluding: (i) the impact of first year purchase accounting costs associated with acquisitions, specifically one-time inventory step-up, backlog amortization, deferred revenue adjustments, transaction costs, and gains/losses on equity securities held for investment purposes; and (ii) costs associated with the Company's 2026 Restructuring Program in the current period and the Company's 2024 Restructuring Program in the prior period, as applicable.
Curtiss-Wright Corporation, Page 11
CURTISS-WRIGHT CORPORATION and SUBSIDIARIES
RECONCILIATION OF AS REPORTED TO ADJUSTED (UNAUDITED)
($'s in thousands)
Three Months Ended Three Months Ended
March 31, 2026 March 31, 2025 % Change
As Reported Adjustments Adjusted As Reported Adjustments Adjusted Reported Adjusted
Sales:
Aerospace & Industrial $ 254,919 $ — $ 254,919 $ 227,246 $ — $ 227,246 12 % 12 %
Defense Electronics 256,288 — 256,288 245,164 — 245,164 5 % 5 %
Naval & Power 402,480 — 402,480 333,235 — 333,235 21 % 21 %
Total sales $ 913,687 $ — $ 913,687 $ 805,645 $ — $ 805,645 13 % 13 %
Operating income (expense):
Aerospace & Industrial(2)
$ 38,498 $ 703 $ 39,201 $ 29,922 $ 1,764 $ 31,686 29 % 24 %
Defense Electronics(2)
71,927 96 72,023 67,449 — 67,449 7 % 7 %
Naval & Power (1)(2)
59,777 111 59,888 41,863 3,069 44,932 43 % 33 %
Total segments $ 170,202 $ 910 $ 171,112 $ 139,234 $ 4,833 $ 144,067 22 % 19 %
Corporate and other(2)
(10,693) — (10,693) (10,029) (28) (10,057) (7) % (6) %
Total operating income $ 159,509 $ 910 $ 160,419 $ 129,205 $ 4,805 $ 134,010 23 % 20 %
Operating margins: As Reported Adjusted As Reported Adjusted Reported Adjusted
Aerospace & Industrial 15.1 % 15.4 % 13.2 % 13.9 % 190 bps 150 bps
Defense Electronics 28.1 % 28.1 % 27.5 % 27.5 % 60 bps 60 bps
Naval & Power 14.9 % 14.9 % 12.6 % 13.5 % 230 bps 140 bps
Total Curtiss-Wright 17.5 % 17.6 % 16.0 % 16.6 % 150 bps 100 bps
Segment margins 18.6 % 18.7 % 17.3 % 17.9 % 130 bps 80 bps
(1) Excludes first year purchase accounting adjustments in the prior year period.
(2) Excludes costs associated with the Company's 2026 Restructuring Program in the current period and the Company's 2024 Restructuring Program in the prior period.
Curtiss-Wright Corporation, Page 12
CURTISS-WRIGHT CORPORATION and SUBSIDIARIES
SALES BY END MARKET (UNAUDITED)
($'s in thousands)
Three Months Ended Three Months Ended
March 31, 2026 March 31, 2025 % Change
Aerospace & Defense markets:
Aerospace Defense $ 179,439 $ 151,722 18 %
Ground Defense 101,407 97,237 4 %
Naval Defense 250,081 221,086 13 %
Commercial Aerospace 110,505 92,877 19 %
Total Aerospace & Defense $ 641,432 $ 562,922 14 %
Commercial markets:
Power & Process 167,057 142,934 17 %
General Industrial 105,198 99,789 5 %
Total Commercial $ 272,255 $ 242,723 12 %
Total Curtiss-Wright $ 913,687 $ 805,645 13 %
Curtiss-Wright Corporation, Page 13
CURTISS-WRIGHT CORPORATION and SUBSIDIARIES
RECONCILIATION OF AS REPORTED TO ADJUSTED DILUTED EARNINGS PER SHARE (UNAUDITED)
Three Months Ended
March 31,
2026 2025
Diluted earnings per share - As Reported $ 3.46 $ 2.68
First year purchase accounting adjustments — 0.11
Restructuring expenses 0.02 0.03
Diluted earnings per share - Adjusted (1)
$ 3.48 $ 2.82
(1) All adjustments are presented net of income taxes.
Curtiss-Wright Corporation, Page 14
Organic Sales and Organic Operating Income
The Corporation discloses organic sales and organic operating income because the Corporation believes it provides investors with insight as to the Company’s ongoing business performance. Organic sales and organic operating income are defined as sales and operating income, excluding contributions from acquisitions and results of operations from divested businesses or product lines during the last twelve months, costs associated with the Company's 2026 Restructuring Program in the current period and the Company's 2024 Restructuring Program in the prior period, and foreign currency fluctuations.
Three Months Ended
March 31,
2026 vs. 2025
Aerospace & Industrial Defense Electronics Naval & Power Total Curtiss-Wright
Sales Operating income Sales Operating income Sales Operating income Sales Operating income
As Reported 12% 29% 5% 7% 21% 43% 13% 23%
Less: Acquisitions 0% 0% 0% 0% 0% 0% 0% 0%
Restructuring 0% (2%) 0% 0% 0% 0% 0% 0%
Foreign Currency (2%) 3% (2%) 1% (1%) 0% (1%) 1%
Organic 10% 30% 3% 8% 20% 43% 12% 24%
Curtiss-Wright Corporation, Page 15
Free Cash Flow and Free Cash Flow Conversion
The Corporation discloses free cash flow because it measures cash flow available for investing and financing activities. Free cash flow represents cash available to repay outstanding debt, invest in the business, acquire businesses, return capital to shareholders and make other strategic investments. Free cash flow is defined as net cash provided by operating activities less capital expenditures. The Corporation discloses free cash flow conversion because it measures the proportion of net earnings converted into free cash flow and is defined as free cash flow divided by adjusted net earnings.
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%) 10%
Naval Defense 5 - 7% 6 - 8% 27%
Commercial Aerospace 10 - 12% 10 - 12% 13%
Total Aerospace & Defense 5 - 7% 6 - 8% 70%
Commercial Markets
Power & Process 12 - 14% 13 - 15% 19%
General Industrial Flat Flat 11%
Total Commercial 7 - 9% 8 - 10% 30%
Total Curtiss-Wright Sales 6 - 8% 7 - 8% 100%
Note: Sales percentages may not add due to rounding.
Curtiss-Wright Corporation, Page 18
About Curtiss-Wright Corporation
Curtiss-Wright Corporation (NYSE:CW) is a global integrated business that provides highly engineered products, solutions and services mainly to Aerospace & Defense markets, as well as critical technologies in demanding Commercial Nuclear Power, Process and Industrial markets. We leverage a workforce of approximately 9,100 highly skilled employees who develop, design and build what we believe are the best engineered solutions to the markets we serve. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing innovative solutions through trusted customer relationships. For more information, visit www.curtisswright.com.
###
Certain statements made in this press release, including statements about future revenue, financial performance guidance, quarterly and annual revenue, net income, operating income growth, future business opportunities, cost saving initiatives, the successful integration of the Company’s acquisitions, and future cash flow from operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements present management's expectations, beliefs, plans and objectives regarding future financial performance, and assumptions or judgments concerning such performance. Any discussions contained in this press release, except to the extent that they contain historical facts, are forward-looking and accordingly involve estimates, assumptions, judgments, and uncertainties. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include but are not limited to: a reduction in anticipated orders; an economic downturn; geopolitical risks; evolving impacts from tariffs between the U.S. and other countries (including implementation of new tariffs and retaliatory measures); changes in the competitive marketplace and/or customer requirements; a change in government spending; an inability to perform customer contracts at anticipated cost levels; and other factors that generally affect the business of aerospace, defense contracting, electronics, marine, and industrial companies. Such factors are detailed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and subsequent reports filed with the Securities and Exchange Commission.
This press release and additional information are available at www.curtisswright.com.
Contact: Jim Ryan
(704) 869-4621
Jim.Ryan@curtisswright.com
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1 | January 8, 2026 | Proprietary | © 2025 Curtiss-Wright Q1 2026 - EARNINGS CONFERENCE CALL May 7, 2026 Conference Call Dial-in numbers: (800) 343-5172 (domestic) (203) 518-9856 (international) Conference code: CWQ126
2 | May 7, 2026 | Proprietary | © 2026 Curtiss-Wright Please note that the information provided in this presentation is accurate as of the date of the original presentation. The presentation will remain posted on this website from one to twelve months following the initial presentation, but content will not be updated to reflect new information that may become available after the original presentation posting. The presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act"), and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements only speak as of the date of this report and Curtiss-Wright Corporation assumes no obligation to update the information included in this report. Such forward-looking statements include, among other things, management's estimates of future performance, revenue and earnings, our management's growth objectives, our management’s ability to integrate our acquisition, and our management's ability to produce consistent operating improvements. These forward-looking statements are based on expectations as of the time the statements were made only, and are subject to a number of risks and uncertainties which could cause us to fail to achieve our then-current financial projections and other expectations, including the impact of a global pandemic or national epidemic. This presentation also includes certain non-GAAP financial measures with reconciliations to GAAP financial measures being made available in the earnings release and this presentation that are posted to our website and furnished with the SEC. We undertake no duty to update this information. More information about potential factors that could affect our business and financial results is included in our filings with the Securities and Exchange Commission, including our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, including, among other sections, under the captions, "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," which is on file with the SEC and available at the SEC's website at www.sec.gov. SAFE HARBOR STATEMENT
3 | May 7, 2026 | Proprietary | © 2026 Curtiss-Wright First Quarter 2026 Highlights STRONG Q1 EXECUTION DRIVES HIGHER FULL-YEAR 2026 OUTLOOK ▪ Sales of $914M, up 13% overall (12% organic) ▪ 14% growth in A&D markets, stronger than expected, and 12% growth in Commercial markets ▪ Operating Income of $160M, up 20%; Operating Margin of 17.6%, up 100 bps YOY ▪ Delivered margin expansion across all three segments ▪ Diluted EPS of $3.48, up 23% ▪ New Orders of $1.2B, up 16%; ~1.3x Book-to-Bill ▪ Mid-teens order book growth across all segments Increased FY2026 Financial Guidance ▪ Total Sales growth increased to 7% - 8% on strengthening Defense and Commercial Nuclear market growth ▪ Raised Operating Margin to 19.0% - 19.2%, up 40 - 60 bps YOY, reflecting growth in all segments ▪ Targeting mid-teens EPS growth, up 13% - 16% ▪ Strong FCF generation of $580 - $600M, reflecting >105% conversion ▪ Efficient balance sheet supports disciplined and strategic capital allocation strategy Note: 2026 financial results and 2026 guidance, and comparisons to prior-year periods, presented on an Adjusted (Non-GAAP) basis
4 | May 7, 2026 | Proprietary | © 2026 Curtiss-Wright ($ in Millions) Q1’26 Adjusted Q1’25 Adjusted Change Key Performance Drivers Aerospace & Industrial $255 $227 12% ▪ Higher than anticipated growth in Defense markets supporting domestic and international programs ▪ Strong OEM sales growth in Commercial Aerospace (narrowbody and widebody platforms) ▪ Higher General Industrial sales driven by improving order book Defense Electronics $256 $245 5% ▪ Strong growth in Aerospace Defense supporting domestic and international programs ▪ Flat Ground Defense revenues (International growth in TDSS offset by timing of tactical communications) ▪ Higher OEM sales growth in Commercial Aerospace Naval & Power $402 $333 21% ▪ Stronger than anticipated Naval Defense growth on strength of order book and timing of submarine revenues ▪ Higher Aerospace Defense revenues (international arresting systems equipment) ▪ Power & Process growth mainly driven by higher N.A. Commercial Nuclear aftermarket revenues Total Sales $914 $806 13% Strong double-digit growth in A&D (U.S. and dFMS) and Commercial markets Aerospace & Industrial Margin $39 15.4% $32 13.9% 24% 150 bps ▪ Favorable absorption on higher revenues and benefits of restructuring initiatives ▪ Profitability partially offset by unfavorable FX Defense Electronics Margin $72 28.1% $67 27.5% 7% 60 bps ▪ Favorable absorption on higher revenues and favorable mix ▪ Profitability partially offset by higher investment in R&D; Unfavorable FX Naval & Power Margin $60 14.9% $45 13.5% 33% 140 bps ▪ Favorable absorption on higher revenues and favorable mix ▪ Profitability partially offset by higher investment in R&D Corporate and Other ($11) ($10) (6)% ▪ Higher 401K expenses Total Op. Income CW Margin $160 17.6% $134 16.6% 20% 100 bps Strong operational performance with growth and margin expansion in all segments FIRST QUARTER 2026 FINANCIAL REVIEW Note: Amounts may not add due to rounding. dFMS = direct Foreign Military Sales TDSS = turret drive stabilization systems
5 | May 7, 2026 | Proprietary | © 2026 Curtiss-Wright 2026 END MARKET SALES GROWTH GUIDANCE (As of May 6, 2026) Notes: Amounts may not add due to rounding. IFPC = U.S. Army’s Indirect Fire Protection Capability missile system; TDSS = turret drive stabilization systems ($ in Millions) 2026E Growth vs 2025 (Prior) 2026E Growth vs 2025 (Current) 2026E % Sales Key Drivers of 2026 Performance Aerospace Defense 9 - 11% 11 - 13% 20% ▪ Alignment to FY26/FY27 DoW priorities including aircraft modernization, Golden Dome, next-gen platforms ▪ Strong defense electronics growth on dFMS programs (embedded computing and flight data recorders) ▪ Higher sales of international arresting systems equipment Ground Defense (4 - 6%) (4 - 6%) 10% ▪ Timing of tactical communications and U.S. ground vehicle revenues ▪ Solid growth in embedded computing, TDSS and ground-based mobile launcher systems (IFPC) Naval Defense 5 - 7% 6 - 8% 27% ▪ Higher revenue growth on submarine (Virginia-class) and aircraft carrier (CVN-81 production and CVN-75 overhaul) programs; Higher aircraft handling systems revenues (international programs) Commercial Aerospace 10 - 12% 10 - 12% 13% ▪ Strong growth in OEM sales driven by ramp-up in production (narrowbody and widebody) ▪ Higher sales of avionics and instrumentation equipment Total Aerospace & Defense 5 - 7% 6 - 8% 70% Accelerated global defense spending driving overall strong A&D market growth Power & Process 12 - 14% 13 - 15% 19% ▪ Commercial Nuclear growth driven by strong global aftermarket demand (U.S. and Canada) and SMRs transitioning to initial prototype phases; AP1000 order excluded from targets ▪ Solid growth in Process driven by valves and instrumentation solutions, plus higher subsea pump development revenues General Industrial Flat Flat 11% ▪ Solid growth in industrial vehicles; Improved order book provides optimism Total Commercial 7 - 9% 8 - 10% 30% Strong growth led by Commercial Nuclear and Process markets Total Curtiss-Wright 6 - 8% 7 - 8% 100% On track to achieve overall 2024 Investor Day Revenue Target (>5% Organic Revenue CAGR) Updated (in blue)
6 | May 7, 2026 | Proprietary | © 2026 Curtiss-Wright 2026 FINANCIAL GUIDANCE (As of May 6, 2026) ($ in Millions) 2026E (Prior) 2026E (Current) Change vs 2025 Adjusted Key Drivers of 2026 Performance Aerospace & Industrial $1,030 - $1,045 $1,040 - $1,055 6 - 8% ▪ Strong growth in Commercial Aerospace and increased actuation sales in Aerospace & Ground Defense ▪ General Industrial sales remain stable with rising confidence Defense Electronics $1,055 - $1,075 $1,055 - $1,075 4 - 6% ▪ Strong growth in Aerospace Defense (U.S. DoW and dFMS) driven by increased embedded computing revenues, partially offset by timing in Ground Defense (tactical communications) ▪ Commercial Aerospace growth driven by increased sales of avionics equipment Naval & Power $1,625 - $1,645 $1,645 - $1,665 9 - 11% ▪ Strong Naval Defense growth driven by the acceleration of submarine and aircraft carrier programs; Higher dFMS (aircraft handling systems) ▪ Power & Process driven by mid-to-high-teens growth in Commercial Nuclear (aftermarket, SMRs) and low-double-digit growth in Process Total Sales $3,710 - $3,765 $3,740 - $3,795 7 - 8% Benefiting from strong backlog and alignment to leading growth vectors in our markets Aerospace & Industrial Margin $189 - $193 18.3% - 18.5% $192 - $196 18.4% - 18.6% 13 - 15% 100 - 120 bps ▪ Favorable absorption on higher revenues ▪ Benefits of operational excellence initiatives and restructuring savings outpacing tariff impacts (China) ▪ Profitability partially offset by higher investments in R&D Defense Electronics Margin $288 - $296 27.3% - 27.5% $288 - $296 27.3% - 27.5% 4 - 6% 0 - 20 bps ▪ Favorable absorption on solid growth in revenues and benefit of restructuring savings ▪ Profitability mainly offset by higher investments in R&D Naval & Power Margin $270 - $276 16.6% - 16.8% $276 - $281 16.7% - 16.9% 13 - 15% 40 - 60 bps ▪ Favorable absorption on strong growth in revenues ▪ Profitability partially offset by continued investment in development programs Corporate and Other ($44) - ($44) ($43) - ($44) (3 - 5%) Total Op. Income CW Margin $703 - $722 18.9% - 19.2% $712 - $729 19.0% - 19.2% 9 - 12% 40 - 60 bps Continued focus on operational excellence while investing to support our future growth Notes: Amounts may not add due to rounding. Updated (in blue)
7 | May 7, 2026 | Proprietary | © 2026 Curtiss-Wright 2026 FINANCIAL GUIDANCE (As of May 6, 2026) ($ in Millions, except EPS) 2026E (Prior) 2026E (Current) Change vs 2025 Adjusted Key Drivers of 2026 Performance Total Sales $3,710 - $3,765 $3,740 - $3,795 7 - 8% Accelerating the pace of growth in Revenue and Operating Income Total Operating Income $703 - $722 $712 - $729 9 - 12% Other Income $33 - $34 $33 - $34 ▪ Higher YOY interest income Interest Expense $(42) - $(41) $(42) - $(41) ▪ $200M 4.24% Sr. Notes due Dec 2026 Tax Rate 21.5% 21.5% ▪ Continued tax optimization (40 bps YOY decrease) Diluted EPS $14.70 - $15.15 $14.90 - $15.30 13 - 16% EPS growth tracking well in excess of Investor Day target Diluted Shares Outstanding 37.1 37.1 ▪ Benefit of record share repurchases in 2025 ▪ Min. $60M share repurchase in 2026 to offset dilution Free Cash Flow $575 - $595 $580 - $600 5 - 8% Strong Free Cash Flow generation, incl. Higher Growth CapEx FCF Conversion ~105% ~105% ▪ FCF conversion remains in-line with Investor Day target Capital Expenditures $110 - $120 $110 - $120 ▪ Accelerated growth investments in 2026; ~30% increase YOY Depreciation & Amortization $115 - $120 $115 - $120 Updated (in blue)
8 | May 7, 2026 | Proprietary | © 2026 Curtiss-Wright STRATEGIC ALIGNMENT WITH THE FASTEST GROWTH VECTORS IN THE MARKETS WE SERVE DISCIPLINED CAPITAL ALLOCATION STRATEGY FOCUSED ON SUPPLEMENTING ORGANIC GROWTH ▪ Defense: Well positioned to capitalize on strong global growth and record levels of U.S. and NATO defense spending ▪ Commercial Nuclear: Driving global energy security across full spectrum from aftermarket to new build (AP1000, SMRs) ▪ Commercial Aerospace: Established, core positions supporting OEM production ramps with focus on aircraft innovation ▪ Industrial: Advancing customer efficiency, performance and safety while outpacing temporary market headwinds ▪ Delivering record FCF generation while strategically targeting incremental investments in growth CapEx ▪ Efficient balance sheet provides significant financial flexibility to support Pivot to Growth strategy STRONG Q1’26 EXECUTION CREATES PATHWAY TO EXCEED 2024 - 2026 FINANCIAL TARGETS ▪ FY26 sales growth of 7% - 8%, driven by strong order book and increases in majority of end markets ▪ Targeting record 19%+ operating margin; Operational Growth Platform driving sustainable margin expansion ▪ Compounding growth in earnings at a mid-teens pace (>15% EPS CAGR since 2023) ACCELERATING MOMENTUM ACROSS THE PORTFOLIO
9 | May 7, 2026 | Proprietary | © 2026 Curtiss-Wright Appendix
10 | May 7, 2026 | Proprietary | © 2026 Curtiss-Wright The Corporation supplements its financial information determined under U.S. generally accepted accounting principles (GAAP) with certain non-GAAP financial information. Curtiss- Wright believes that these Adjusted (non-GAAP) measures provide investors with improved transparency in order to better measure Curtiss-Wright’s ongoing operating and financial performance and better comparisons of our key financial metrics to our peers. These non-GAAP measures should not be considered in isolation or as a substitute for the related GAAP measures, and other companies may define such measures differently. Curtiss-Wright encourages investors to review its financial statements and publicly filed reports in their entirety and not to rely on any single financial measure. Reconciliations of “Reported” GAAP amounts to “Adjusted” non-GAAP amounts are furnished within the Company’s earnings press release. The following definitions are provided: Adjusted Operating Income, Operating Margin, Net Earnings and Diluted Earnings per Share (EPS) These Adjusted financials are defined as Reported Operating Income, Operating Margin, Net Earnings and Diluted Earnings per Share under GAAP excluding: (i) the impact of first year purchase accounting costs associated with acquisitions, specifically one-time inventory step-up, backlog amortization, deferred revenue adjustments, transaction costs, and gains/losses on equity securities held for investment purposes; and (ii) costs associated with the Company's 2026 Restructuring Program in the current period and Company's 2024 Restructuring Program in the prior period, as applicable. Organic Sales and Organic Operating Income The Corporation discloses organic sales and organic operating income because the Corporation believes it provides investors with insight as to the Company’s ongoing business performance. Organic sales and organic operating income are defined as sales and operating income, excluding contributions from acquisitions and results of operations from divested businesses or product lines during the last twelve months, costs associated with the Company's 2026 Restructuring Program in the current period and Company's 2024 Restructuring Program in the prior period, and foreign currency fluctuations. Free Cash Flow (FCF) and Free Cash Flow Conversion The Corporation discloses free cash flow because it measures cash flow available for investing and financing activities. Free cash flow represents cash available to repay outstanding debt, invest in the business, acquire businesses, return capital to shareholders and make other strategic investments. Free cash flow is defined as net cash provided by operating activities less capital expenditures. The Corporation discloses free cash flow conversion because it measures the proportion of net earnings converted into free cash flow and is defined as free cash flow divided by adjusted net earnings. NON-GAAP FINANCIAL INFORMATION
11 | May 7, 2026 | Proprietary | © 2026 Curtiss-Wright ($ in millions) Q1’26 Q1’25 Change Key Drivers Aerospace Defense $179 $152 18% ▪ Strong growth in global sales of embedded computing and avionics equipment ▪ Higher sales of arresting systems equipment supporting various international customers ▪ Increased sales of actuation equipment, sensors products and surface treatment services supporting domestic and international fighter jet programs Ground Defense $101 $97 4% ▪ Higher sales of TDSS to various international customers mainly offset by timing of tactical communications equipment sales ▪ Increased sales of EM actuation equipment (IFPC program) Naval Defense $250 $221 13% ▪ Timing of production on Virginia-class and Columbia-class submarine programs ▪ Higher sales of aftermarket fleet services Commercial Aerospace $111 $93 19% ▪ Strong growth in OEM sales driven by ramp-up in production (narrowbody and widebody) ▪ Higher sales of aerospace instrumentation equipment to OEM customers Total A&D Markets $641 $563 14% Power & Process $167 $143 17% ▪ Higher commercial nuclear aftermarket revenues (U.S., Canada) ▪ Increased sales supporting next-generation advanced reactors (SMRs) General Industrial $105 $100 5% ▪ Higher sales of industrial vehicle products serving off-highway vehicle platforms Total Commercial Markets $272 $243 12% Total Curtiss-Wright $914 $806 13% FIRST QUARTER 2026: END MARKET SALES GROWTH Note: Amounts may not add due to rounding. Notes: Amounts may not add due to rounding. IFPC = U.S. Army’s Indirect Fire Protection Capability missile system; TDSS = turret drive stabilization systems
12 | May 7, 2026 | Proprietary | © 2026 Curtiss-Wright 2026E END MARKET SALES WATERFALL (as of May 6, 2026) Note: Amounts shown for % of Total Sales may not add due to rounding. § Power & Process market sales concentrated in Naval & Power segment § General Industrial sales concentrated in Aerospace & Industrial segment Commercial Nuclear 88% Domestic & Int’l Aftermarket + Govt. Nuclear 12% New Build Gen III / Gen IV (Advanced SMRs) 70% $2.63B 30% $1.14B Industrial Vehicles Tactical communications, Turret drive stabilization systems, EM Actuation Principally Repair and Overhaul Aerospace & Defense Markets Commercial Markets 27% 13% 20% 10% ~90% ~10% Embedded computing, sensors, actuation, arresting systems 60% Narrowbody / 40% Widebody Linked to Boeing/Airbus production Aerospace OEM Total 2026 CW End Markets $3.740 - 3.795B General IndustrialNaval Commercial Aerospace Power & Process Pumps / Valves / Steam Turbines (Nuclear naval propulsion) Ground AM ~35% 19% 11% ~65% Severe-service valves and subsea pump applications ~65% Electromechanical actuation and Surface Treatment Services Aftermarket (Operating Reactors) & New Build (AP1000, SMRs) On/Off-Highway Commercial and Specialty Vehicles Commercial Nuclear Process Industrial Automation and Services ~35% FY’26 Guidance: Overall UP 7 - 8% A&D Markets UP 6 - 8% Comm’l Markets UP 8 - 10%
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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Name of the Exchange on which a security is registered.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
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