Overview

* Curtiss-Wright ( CW ) Q2 sales rise 12% yr/yr, beating analyst expectations, per LSEG data

* Adjusted EPS for Q2 beats consensus, up 21% yr/yr, per LSEG data

* Co raises full-year 2025 guidance for sales, operating income, and EPS

Outlook

* Curtiss-Wright ( CW ) raises full-year sales growth guidance to 9%-10%

* Company increases full-year EPS guidance to $12.70-$13.00

* Curtiss-Wright ( CW ) sees full-year operating margin at 18.5%-18.7%

* Company expects full-year free cash flow of $520-$535 mln

Result Drivers

* DEFENSE GROWTH - Stronger than expected growth in defense markets driven by higher submarine revenues and increased sales of defense electronics products

* COMMERCIAL EXPANSION - Growth in power & process market driven by Ultra Energy acquisition and higher organic sales of commercial nuclear products

* RESTRUCTURING BENEFITS - Improved operating margins and income attributed to restructuring and operational excellence initiatives

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $877 mln $852 mln

(6

Analysts

)

Q2 Beat $3.23 $3.13 (7

Adjusted Analysts

EPS )

Q2 EPS $3.19

Q2 Beat $160 mln $154.70

Adjusted mln (6

Operatin Analysts

g Income )

Q2 18.3%

Adjusted

Operatin

g Margin

Q2 Free $117 mln

Cash

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the aerospace & defense peer group is "buy"

* Wall Street's median 12-month price target for Curtiss-Wright Corp ( CW ) is $500.00, about 2.3% below its August 5 closing price of $511.64

* The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)