CW earnings analysis
What we found in CW's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Curtiss-Wright Corporation reported strong Q1 2026 results with revenues of $914 million, surpassing estimates by 5.68%, and a diluted EPS of $3.48, a 5.14% beat over the expected $3.31. Management increased guidance for sales, operating margin, EPS, and free cash flow due to robust market demand, reflecting a positive outlook for the remainder of the year.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Revenues increased to $913.7 million, up 13.3% from $806 million in the previous quarter.
- EPS Beat by Significant Margin
- Diluted EPS reported at $3.48, beating the estimated $3.31 by 5.14%.
- Improved Operating Margin
- Operating margin improved to 19.2%, reflecting strong operational efficiency.
- Increased Cash Flow
- Free cash flow turned positive at $176 million, compared to -$55 million in the previous quarter.
- Raised Annual Guidance
- Full-year revenue guidance updated to $3.71-$3.80 billion from a previous range of $3.62-$3.67 billion.
- Passenger Segment Recovery
- The passenger segment showed a growth of 15% year-over-year, contributing significantly to revenue.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Geopolitical Risks
- Potential instability from ongoing geopolitical tensions could affect operations.
- Material Changes in Market Risks
- Management noted no material changes in market risk, but potential future risks remain.
- Fluctuations in Currency Rates
- Foreign currency translation impacts could negatively impact revenue reporting.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $3.48
- Operating margin
- 19.2%
What they said about what is next.
Management raised full-year guidance for revenue growth to 7-8%, up from previous 6-8%.
The filing reads better than the one before it.
What came before.
- 10-K · February 12, 2026
- Curtiss‑Wright's 2025 10‑K emphasizes its 'Pivot to Growth' strategy focused on top‑line acceleration, margin expansion and free cash flow generation, leveraging its engineering moat in A&D and critical power markets.…
- 10-Q · November 6, 2025
- Curtiss‑Wright reported Q3 net sales of $869,170,000 and diluted EPS of $3.31, with year-over-year revenue and margin expansion. Aerospace & Defense led growth (A&D $617,713,000), backlog remained strong at…
- 10-K · February 13, 2025
- Curtiss-Wright Corporation reported a strong performance in 2024, manifesting in elevated revenues and earnings per share. The company's strategy emphasizes a 'Pivot to Growth,' capitalizing on synergies across its…
- 10-Q · May 2, 2024
- Curtiss‑Wright reported quarterly revenue of $713,167,000 (up $82,307,000 or +13.1% YoY) and diluted EPS of $1.99 (up $0.51 or +34.5% YoY). Operating income improved to $99,961,000 (up $21,346,000 or +27.1%), driven by…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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