CW

EX-99.1

2 ex991_cwxq126xearnings.htm

EX-99.1

Document

Curtiss-Wright Corporation, Page 1

Exhibit 99.1

CURTISS-WRIGHT REPORTS FIRST QUARTER 2026 FINANCIAL RESULTS AND RAISES FULL-YEAR 2026 GUIDANCE FOR SALES, OPERATING MARGIN, EPS AND FREE CASH FLOW

DAVIDSON, N.C. – May 6, 2026 – Curtiss-Wright Corporation (NYSE: CW) today announced its financial results for the first quarter ended March 31, 2026.

First Quarter 2026 Highlights:

•Reported sales of $914 million, up 13%, operating income of $160 million, up 23%, operating margin of 17.5%, and diluted earnings per share (EPS) of $3.46;

•Adjusted operating income of $160 million, up 20%;

•Adjusted operating margin of 17.6%, up 100 basis points;

•Adjusted diluted EPS of $3.48, up 23%; and

•New orders of $1.2 billion, up 16%, reflecting a 1.3x book-to-bill.

Raised Full-Year 2026 Adjusted Financial Outlook:

•Sales guidance increased to new range of 7% to 8% growth (previously 6% to 8%), which continues to reflect growth in the majority of Curtiss-Wright's end markets;

•Operating income guidance increased to new range of 9% to 12% growth (previously 8% to 11%);

•Operating margin guidance range increased to new range of 19.0% to 19.2%, representing an increase of 40 to 60 basis points compared with the prior year;

•Diluted EPS guidance increased to new range of $14.90 to $15.30, now up 13% to 16% (previously $14.70 to $15.15, or 11% to 15%); and

•Free cash flow (FCF) guidance range increased by $5 million to $580 million to $600 million, which continues to reflect greater than 105% FCF conversion.

"Curtiss-Wright delivered strong first quarter 2026 results, exceeding our overall expectations, highlighted by double-digit sales growth in both our total A&D and Commercial end markets, significant operating margin expansion, 23% growth in adjusted diluted EPS, and better-than-expected free cash flow generation," said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation. "We also achieved strong momentum in orders, up 16% year-over-year, which resulted in a 1.3x book-to-bill, underpinned by heightened demand across our defense, commercial nuclear and industrial markets."

"Based upon our overall strong start to the year, we have confidently increased our full-year 2026 guidance ranges for sales, operating income, operating margin, diluted EPS and free cash flow. Additionally, as we successfully execute on our Pivot to Growth strategy, we continue to maintain an efficient balance sheet, with ample liquidity, to support our disciplined capital allocation strategy. Overall, Curtiss-Wright remains strategically aligned with many favorable secular growth trends across our markets and well positioned to deliver long-term profitable growth for our shareholders."

Curtiss-Wright Corporation, Page 2

First Quarter 2026 Operating Results

(In millions)Q1-2026Q1-2025Change

Reported

Sales$914 $806 13%

Operating income$160 $129 23%

Operating margin17.5%16.0%150 bps

Adjusted (1)

Sales$914 $806 13%

Operating income$160 $134 20%

Operating margin17.6%16.6%100 bps

(1)Reconciliations of Reported to Adjusted operating results are available in the Appendix.

•Sales of $914 million, up $108 million, or 13% compared with the prior year;

•Total Aerospace & Defense (A&D) market sales increased 14%, while total Commercial market sales increased 12%;

•In our A&D markets, we experienced stronger than expected growth in the defense markets, principally driven by higher submarine revenues in naval defense and overall higher sales of actuation equipment, in addition to continued strong OEM sales growth in the commercial aerospace market;

•In our Commercial markets, we experienced strong growth in the power & process market driven by higher sales of commercial nuclear solutions, as well as modest sales growth in the general industrial market; and

•Adjusted operating income of $160 million increased 20%, while Adjusted operating margin increased 100 basis points to 17.6%. This performance was mainly driven by favorable overhead absorption on higher revenues in all three segments, partially offset by unfavorable foreign currency translation.

Curtiss-Wright Corporation, Page 3

First Quarter 2026 Segment Performance

Aerospace & Industrial

(In millions)Q1-2026Q1-2025Change

Reported

Sales$255 $227 12%

Operating income$38 $30 29%

Operating margin15.1%13.2%190 bps

Adjusted (1)

Sales$255 $227 12%

Operating income$39 $32 24%

Operating margin15.4%13.9%150 bps

(1)Note: Reconciliations of Reported to Adjusted operating results are available in the Appendix.

•Sales of $255 million, up $28 million, or 12%;

•Aerospace defense market revenue growth reflected increased year-over-year sales of sensors products and surface treatment services, as well as higher than anticipated sales of actuation equipment, supporting various domestic and international fighter jet programs;

•Growth in the ground defense market reflected higher sales of electromechanical

cw-202602110000026324False00000263242026-02-112026-02-11

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 11, 2026

CURTISS-WRIGHT CORPORATION

(Exact Name of Registrant as Specified in Its Charter)

Delaware1-13413-0612970 (State or Other Jurisdiction of Incorporation)(Commission File Number)(IRS Employer Identification No.)

130 Harbour Place Drive, Suite 300 Davidson,North Carolina28036 (Address of principal executive offices)(Zip Code)

Registrant's telephone number, including area code: (704) 869-4600

Not applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockCWNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Section 2 - Financial Information

Item 2.02. Results of Operations and Financial Condition

On Wednesday, February 11, 2026, the Company issued a press release announcing financial results for the fourth quarter and full-year ended December 31, 2025. A webcast conference call will be held on Thursday, February 12, 2026 at 10:00 am ET for management to discuss the Company’s fourth quarter and full-year ended 2025 financial performance as well as expectations for 2026 financial performance. Lynn M. Bamford, Chair and Chief Executive Officer, and K. Christopher Farkas, Executive Vice President and Chief Financial Officer, will host the call. A copy of the press release and the webcast slide presentation are attached hereto as Exhibits 99.1 and 99.2.

The financial press release, access to the webcast, and the financial presentation will be posted in the Investor Relations section on Curtiss-Wright's website at www.curtisswright.com/investor-relations. In addition, the dial-in number for domestic callers is (800) 343-5172, while international callers can dial (203) 518-9856. The conference ID code is CWQ425. For those unable to join the live webcast, a replay will be available within the Investor Relations section on the Company’s website beginning one hour after the call takes place.

The information contained in this Current Report, including Exhibits 99.1 and 99.2, are being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934 or otherwise subject to the liabilities of that Section. The information in this report shall not be incorporated by reference into any filing of the registrant with the SEC, whether made before or after the date hereof, regardless of any general incorporation language in such filings.

Item 9.01 Financial Statements and Exhibits

(a) Not applicable.

(b) Not applicable.

(c) Not applicable.

(d) Exhibits.

99.1 Press Release dated February 11, 2026

99.2 Presentation shown during investor and securities analyst webcast on February 12, 2026

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CURTISS-WRIGHT CORPORATION

By: /s/ K. Christopher Farkas K. Christopher Farkas Executive Vice President and Chief Financial Officer

Date: February 12, 2026

cw-202502120000026324False00000263242025-02-122025-02-12

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 12, 2025

CURTISS-WRIGHT CORPORATION

(Exact Name of Registrant as Specified in Its Charter)

Delaware1-13413-0612970 (State or Other Jurisdiction of Incorporation)(Commission File Number)(IRS Employer Identification No.)

130 Harbour Place Drive, Suite 300 Davidson,North Carolina28036 (Address of principal executive offices)(Zip Code)

Registrant's telephone number, including area code: (704) 869-4600

Not applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockCWNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Section 2 - Financial Information

Item 2.02. Results of Operations and Financial Condition

On Wednesday, February 12, 2025, the Company issued a press release announcing financial results for the year ended December 31, 2024. A webcast conference call will be held on Thursday, February 13, 2025 at 11:00 am ET for management to discuss the Company’s year ended 2024 financial performance as well as expectations for 2025 financial performance. Lynn M. Bamford, Chair and Chief Executive Officer, and K. Christopher Farkas, Vice President and Chief Financial Officer, will host the call. A copy of the press release and the webcast slide presentation are attached hereto as Exhibits 99.1 and 99.2.

The financial press release, access to the webcast, and the financial presentation will be posted in the Investor Relations section on Curtiss-Wright's website at www.curtisswright.com/investor-relations. In addition, the dial-in number for domestic callers is (800) 343-5172, while international callers can dial (203) 518-9856. The conference ID code is CWQ424. For those unable to join the live webcast, a replay will be available within the Investor Relations section on the Company’s website beginning one hour after the call takes place.

The information contained in this Current Report, including Exhibits 99.1 and 99.2, are being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934 or otherwise subject to the liabilities of that Section. The information in this report shall not be incorporated by reference into any filing of the registrant with the SEC, whether made before or after the date hereof, regardless of any general incorporation language in such filings.

Item 9.01 Financial Statements and Exhibits

(a) Not applicable.

(b) Not applicable.

(c) Exhibits.

99.1 Press Release dated February 12, 2025

99.2 Presentation shown during investor and securities analyst webcast on February 13, 2025

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CURTISS-WRIGHT CORPORATION

By: /s/ K. Christopher Farkas K. Christopher Farkas Vice President and Chief Financial Officer

Date: February 13, 2025

EXHIBIT INDEX

Exhibit NumberDescription 99.1Press Release dated February 12, 2025

99.2Presentation shown during investor and securities analyst webcast on February 13, 2025