Revenue: As of FY2026 Q1, the actual value is USD 913.69 M, beating the estimate of USD 863.95 M.EPS: As of FY2026 Q1, the actual value is USD 3.46, beating the estimate of USD 3.3252.EBIT: As of FY2026 Q1, the actual value is USD 167.71 M.<h3>Overall Company Performance</h3><ul><li>Net earnings for the three months ended March 31, 2026, were $128,186 thousand, compared to $101,337 thousand for the same period in 2025 .</li><li>Gross profit was $331,483 thousand for Q1 2026, up from $292,464 thousand in Q1 2025 .</li><li>Operating income was $160 million, up 23%, and adjusted operating income increased by 20% to $160 million .</li><li>Operating margin was 17.5%, and adjusted operating margin was 17.6%, an increase of 100 basis points .</li><li>Research and development expenses were $24,182 thousand .</li><li>Selling expenses were $44,546 thousand .</li><li>General and administrative expenses were $102,336 thousand .</li><li>Restructuring expenses were $910 thousand in Q1 2026, down from $1,286 thousand in Q1 2025 .</li><li>Interest expense was $9,941 thousand .</li><li>Other income, net, was $8,197 thousand .</li><li>Provision for income taxes was - $29,579 thousand .</li></ul><h4>New Orders and Backlog</h4><ul><li>New orders totaled $1.2 billion, up 16% year-over-year, resulting in a 1.3x book-to-bill ratio .</li><li>Backlog stood at approximately $4.3 billion, a 5% increase from December 31, 2025 .</li></ul><h4>Cash Flow</h4><ul><li>Net cash used for operating activities was - $5,655 thousand in Q1 2026, an 85% improvement from - $38,765 thousand in Q1 2025 .</li><li>Capital expenditures were - $11,832 thousand, a 25% decrease from - $15,773 thousand in Q1 2025 .</li><li>Free cash flow was - $17,487 thousand, an improvement of 68% from - $54,538 thousand in the prior year, driven by higher cash earnings and improved working capital .</li><li>Free cash flow conversion was -14% .</li></ul><h4>Shareholder Returns</h4><ul><li>Curtiss-Wright Corporation repurchased 21,865 shares of common stock for approximately $14 million during the first quarter .</li><li>A quarterly dividend of $0.24 per share was declared .</li></ul><h3>Segment Performance (Q1 2026 vs Q1 2025)</h3><h4>Aerospace &amp; Industrial</h4><ul><li>Operating income was $38 million, up 29% . Adjusted operating income was $39 million, up 24% .</li><li>Operating margin was 15.1%, and adjusted operating margin increased by 150 basis points to 15.4% .</li><li>Revenue growth was driven by increased sales of sensors products, surface treatment services, and actuation equipment in aerospace defense, higher sales of electromechanical actuation equipment in ground defense, higher OEM sales in commercial aerospace, and increased sales of industrial vehicle products in the general industrial market .</li></ul><h4>Defense Electronics</h4><ul><li>Operating income was $72 million, up 7% . Adjusted operating income also increased by 7% to $72 million .</li><li>Operating margin was 28.1%, and adjusted operating margin increased by 60 basis points to 28.1% .</li><li>Higher revenue in aerospace defense was primarily due to increased global sales of embedded computing and avionics equipment, while ground defense revenues were flat . Naval defense revenue decreased due to timing of embedded computing equipment sales, and commercial aerospace revenue increased due to higher sales of aerospace instrumentation equipment .</li></ul><h4>Naval &amp; Power</h4><ul><li>Operating income was $60 million, up 43% . Adjusted operating income was $60 million, up 33% .</li><li>Operating margin was 14.9%, and adjusted operating margin increased by 140 basis points to 14.9% .</li><li>Revenue growth was driven by timing of production on Virginia-class and Columbia-class submarine programs, higher aftermarket fleet services, increased sales of arresting systems equipment, and higher sales of commercial nuclear solutions .</li></ul><h3>Sales by End Market (Q1 2026 vs Q1 2025)</h3><ul><li>Aerospace &amp; Defense markets: Total sales increased by 14% to $641,432 thousand .<ul><li>Aerospace Defense sales increased by 18% to $179,439 thousand .</li><li>Ground Defense sales increased by 4% to $101,407 thousand .</li><li>Naval Defense sales increased by 13% to $250,081 thousand .</li><li>Commercial Aerospace sales increased by 19% to $110,505 thousand .</li></ul></li><li>Commercial markets: Total sales increased by 12% to $272,255 thousand .<ul><li>Power &amp; Process sales increased by 17% to $167,057 thousand .</li><li>General Industrial sales increased by 5% to $105,198 thousand .</li></ul></li></ul><h3>Full-Year 2026 Guidance (Adjusted)</h3>Curtiss-Wright Corporation raised its full-year 2026 guidance, projecting sales growth of 7% to 8% and operating income growth of 9% to 12% . Operating margin is expected to increase to 19.0% to 19.2%, and diluted EPS guidance was raised to $14.90 to $15.30, representing a 13% to 16% increase . Free cash flow guidance was increased by $5 million to a range of $580 million to $600 million, reflecting greater than 105% FCF conversion .

Curtiss Wright | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 913.69 M