Curtiss-Wright Stock Soars 7.32% — Adding $1.2 Billion After A Monthlong Slide
Shares entered Friday down 21% for the year, despite Wednesday’s increase in the company’s full-year earnings outlook.
Curtiss-Wright, which supplies engineered products and services to aerospace, defense, power and industrial customers, soared 7.32% to $465.61 in Friday trading, as of 1:57 PM ET, adding $1.2 billion in market value. The rebound followed a 20% slide over the previous month, while Wednesday’s earnings release had already raised its earnings outlook.
A Rebound From A 20% Slide
The specific catalyst for Friday’s move was not immediately clear. CW shares were on pace for their biggest one-day gain since March 31 in Friday trading, as of 1:57 PM ET.
Curtiss-Wright entered Friday down 21% year-to-date through Thursday’s close, compared with an 8% gain for the S&P 500. Its market value stood at $17.2 billion in Friday trading, as of 1:57 PM ET, with the stock still 42% below its 52-week high.
Orders Grow Faster Than Sales
Wednesday’s results showed sales of $953 million, up 10% from $869 million a year earlier. Operating income rose 13% to $188 million, and diluted earnings were $3.77 per share; adjusted earnings reached $3.94 per share, up 16%.
New orders totaled $1.1 billion, up 15%, exceeding quarterly sales. The backlog reached $4.6 billion, up 12% year-to-date. Curtiss-Wright generated $157 million in free cash flow and repurchased $352 million of shares during the quarter.
“Orders increased 15% year-over-year, primarily driven by continued strong demand in defense electronics and growth across all of our A&D markets,” Lynn M. Bamford, chair and CEO of Curtiss-Wright, said in the earnings release.
Aerospace and defense sales grew 9%, with fighter jets, helicopters and submarines contributing to growth. Commercial-market sales rose 11%, supported by commercial nuclear solutions and industrial vehicle products. The company operates Aerospace & Industrial, Defense Electronics and Naval & Power segments; U.S. and foreign government end users accounted for 58% of net sales in 2025.
Higher Earnings And Cash Targets
The $15.10–$15.40 full-year adjusted earnings estimate is now $15.40–$15.60 per share. The sales outlook now calls for growth of 8%–10%, versus 8%–9% previously, and adjusted operating income growth of 12%–14%, versus 11%–13%.
The adjusted operating-margin target increased to 19.2%–19.4% from 19.1%–19.3%. Free cash flow is now forecast at $595 million–$615 million, a $10 million increase from the previous range.
Curtiss-Wright expects Defense Electronics revenue to increase from the prior quarter in the fourth quarter.
Sources
- Curtiss-Wright forecasts 8%-10% sales growth and $15.40-$15.60 EPS, while outlining CEO transition to Kevin Rayment (NYSE:CW) | Seeking Alpha — seekingalpha.com
- Defense Watch: Strong Q3 Earnings, New Military Contracts, But Democrats’ Sweep Poses Spending Hurdles — Yahoo Finance
- Curtiss-Wright Corp (CW) (Q3 2026) Earnings Call Highlights: Record Backlog and Raised Guidance ... — Yahoo Finance
- Why Did Curtiss Wright (CW) Shares Drop After Its Latest Update? — Yahoo Finance
- Earnings Beat Could Reset The Case For Curtiss Wright Stock — Yahoo Finance
- The company's filing (Curtiss-Wright) — SEC filing
- Curtiss-Wright: 3 Key Takeaways for Long-Term Investors — The Motley Fool
- Here's What Key Metrics Tell Us About Curtiss-Wright (CW) Q3 Earnings — Zacks Investment Research
- Curtiss-Wright — Form 10-Q for the quarter ended 2026-09-30 (quarterly results) — SEC EDGAR
- Curtiss-Wright — earnings release (Form 8-K, Item 2.02), filed 2026-11-05 — SEC EDGAR
