CURTISS WRIGHT (CW) Company Report

Curtiss-Wright's Board of Directors authorized an additional $416 million for future share repurchases, increasing the total available authorization to $550 million.
The company declared a quarterly dividend of $0.24 per share, payable December 12, 2025, to stockholders of record as of November 28, 2025.
Curtiss-Wright expects to achieve record annual share repurchases of $466 million in 2025.
For 2026, the company adopted two 10b5-1 trading plans, including a $60 million plan to offset dilution and a potential $100 million plan with a price limit.

Nov 21, 2025, 5:01 PM

8-K

Curtiss-Wright Increases Share Buyback Authorization and Declares Quarterly Dividend

Dividends

Share Buyback

New Projects/Investments

Curtiss-Wright has increased its share repurchase authorization to $550 million, with $466 million in repurchases expected for 2025 and an additional $60 million planned for 2026 to offset compensation-related dilution.
The company declared a quarterly dividend of $0.24 per share.
These capital allocation decisions are part of Curtiss-Wright's 'Pivot to Growth' strategy, underscoring management's confidence in the company's financial health and future performance.
Curtiss-Wright's current market capitalization stands at approximately $19.76 billion.

Nov 21, 2025, 5:46 AM

Morningstar

Curtiss-Wright Discusses Growth Drivers and Capital Allocation

Guidance Update

Revenue Acceleration/Inflection

Share Buyback

Curtiss-Wright's Aerospace & Defense segment, representing two-thirds of its portfolio, has a raised 2025 outlook with 10%-11% revenue growth projected in several defense markets, driven by commercial aerospace (13%-15% growth) and high-margin defense electronics.
The company's nuclear business, currently 12% of revenues, anticipates significant incremental revenue from new AP-1000 builds in the U.S. and Eastern Europe, which were not included in prior three-year investor day targets, alongside ongoing aftermarket growth and SMR design work.
Curtiss-Wright is increasing its capital spending by 30% in 2024 and 40% in 2025 to support growth, while still guiding for strong free cash flow of $520-$535 million this year with a 108% conversion rate.
Capital allocation priorities include acquisitions, with the company expecting a record share repurchase year in 2025 following a $400 million increase in authorization and two $200 million buyback programs in Q3, alongside its ninth consecutive year of dividend increases.

Nov 12, 2025, 10:05 PM

Transcript

CW Reports Strong Q3 2025 Results and Raises Full-Year 2025 Outlook

Earnings

Guidance Update

Share Buyback

For Q3 2025, CW reported sales of $869 million, an increase of 9% overall (6% organic), with diluted EPS of $3.40, up 14%. Operating income grew 14% to $170 million, achieving a 19.6% margin.
The company raised its full-year 2025 total sales growth outlook to 10% - 11% (organic growth of 7% - 8%). The current sales guidance range is $3,420 - $3,455 million.
Full-year 2025 diluted EPS guidance was increased to a range of $12.95 - $13.20, targeting 19% - 21% growth.
CW expects full-year 2025 operating income growth of 16% - 19%, with an operating margin of 18.5% - 18.7%. Free Cash Flow (FCF) is projected to be $520 - $535 million, with a conversion rate of approximately 108%.
The company anticipates record share repurchases exceeding $450 million in 2025.

Nov 6, 2025, 3:00 PM

Presentation

Curtiss-Wright Reports Strong Q3 2025 Results and Raises Full-Year EPS Guidance

Earnings

Guidance Update

Share Buyback

Curtiss-Wright reported a strong Q3 2025 with an overall operating margin of 19.6%, representing a 90 basis point expansion, and achieved a 1.1 times book-to-bill ratio, contributing to a record $3.9 billion backlog.
For the full year 2025, the company raised its adjusted diluted EPS guidance to $12.95-$13.20, reflecting 19%-21% growth, and now expects total sales to increase 10%-11%.
The company maintained its full-year 2025 free cash flow outlook at a record $520 million-$535 million, an 8%-11% increase, and anticipates executing over $450 million in share repurchases in 2025.

Nov 6, 2025, 3:00 PM

Transcript

Curtiss-Wright Reports Strong Q3 2025 Results and Raises Full-Year Guidance

Earnings

Guidance Update

New Projects/Investments

Curtiss-Wright reported strong Q3 2025 financial results, with sales increasing 9% year-over-year to $869 million and diluted earnings per share (EPS) growing 14%.
The company raised its full-year 2025 guidance, now projecting sales growth of 10%-11%, operating income growth of 16%-19%, and diluted EPS growth of 19%-21%.
Backlog reached a new record exceeding $3.9 billion, up 14% year-to-date, supported by an 8% increase in new orders and a 1.1 times Book-to-Bill ratio.
Curtiss-Wright expects its first AP1000 reactor order in 2026, likely from Poland or Bulgaria, and is increasing capital expenditures by approximately 40% year-over-year to $85 million to support future growth, including nuclear expansion.
The company is actively working to significantly increase its content per AP1000 plant, aiming to double or triple the incremental content beyond the reactor coolant pumps from the prior $10-$20 million.

Nov 6, 2025, 3:00 PM

Transcript

Curtiss-Wright Reports Strong Q3 2025 Results and Raises Full-Year Guidance

Earnings

Guidance Update

New Projects/Investments

Curtiss-Wright reported strong Q3 2025 results, with sales of $869 million (up 9% year-over-year) and a 14% increase in diluted EPS, driven by 6% organic growth and 90 basis points of operating margin expansion to 19.6%.
The company raised its full-year 2025 guidance, now expecting sales growth of 10%-11% and diluted EPS growth of 19%-21% (to a new range of $12.95-$13.20). Free cash flow guidance was maintained at $520 million-$535 million, up 8%-11%.
New orders increased 8% year-over-year, resulting in a book-to-bill of 1.1 times, and the backlog reached a record of over $3.9 billion, up 14% year-to-date. Management anticipates securing its first AP1000 commercial nuclear plant order in 2026, likely from Poland or Bulgaria, with potential to double or triple its content per plant from the historical $10 million-$20 million.

Nov 6, 2025, 3:00 PM

Transcript

Curtiss-Wright Reports Strong Q3 2025 Results and Raises Full-Year Guidance

Earnings

Guidance Update

Share Buyback

Curtiss-Wright reported Q3 2025 adjusted sales of $869 million, an increase of 9%, with adjusted diluted EPS of $3.40, up 14%.
The company delivered adjusted operating income of $170 million, a 14% increase, and an adjusted operating margin of 19.6%, up 90 basis points year-over-year in Q3 2025.
Curtiss-Wright raised its full-year 2025 adjusted guidance for sales to 10% to 11% growth (total sales $3,420 - $3,455 million), operating income to 16% to 19% growth (total operating income $634 - $647 million), and diluted EPS to a range of $12.95 to $13.20, representing 19% to 21% growth.
The company also increased its 2025 share repurchase program, targeting a record of more than $450 million in annual share repurchases.

Nov 6, 2025, 12:30 PM

8-K

Nexstar Media Group Reports Q3 2025 Financial Results and TEGNA Acquisition Agreement

Earnings

M&A

Demand Weakening

Nexstar Media Group reported net revenue of $1.20 billion for the third quarter ended September 30, 2025.
For Q3 2025, the company recorded net income of $65 million, Adjusted EBITDA of $358 million, and Adjusted Free Cash Flow of $166 million.
The decline in net income was primarily due to lower political advertising revenue and increased one-time corporate expenses related to the pending acquisition of TEGNA Inc..
Nexstar entered into a definitive agreement to acquire TEGNA Inc. for $6.2 billion, a transaction anticipated to close by the second half of 2026.

Nov 6, 2025, 12:00 PM

Press Release

Curtiss-Wright Reports Strong Q3 2025 Earnings and Raises Full-Year Guidance

Earnings

Guidance Update

Share Buyback

Curtiss-Wright reported strong Q3 2025 earnings, with revenue increasing 10.3% year-over-year to $798.9 million and adjusted earnings per share of $2.97.
The company raised its fiscal 2025 revenue guidance to between $3.42 billion and $3.455 billion, reflecting robust growth and profitability.
Operating margins reached 18.12%, driven by solid gains in naval defense and aerospace sectors and improved margins.
Curtiss-Wright has repurchased $290 million of its shares so far in 2025, with a full-year buyback target of $450 million.

Nov 6, 2025, 10:55 AM

Morningstar

Earnings Transcripts

Quarterly earnings call transcripts for CURTISS WRIGHT.

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