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Mar 31, 2025
Curtiss-Wright Q1 2025 Earnings Report
Curtiss-Wright reported strong Q1 2025 results with double-digit revenue growth and raised full-year guidance across all key metrics.
Key Takeaways
Curtiss-Wright achieved $806 million in Q1 revenue, driven by growth in all major segments, with adjusted operating income up 34% and record new orders totaling $1 billion.
Sales rose 13% to $806 million with strength in defense and commercial markets.
Adjusted operating income grew 34% to $134 million; adjusted margin reached 16.6%.
New orders hit $1 billion, driving a 1.26x book-to-bill ratio.
Full-year guidance raised for revenue, operating margin, EPS, and free cash flow.
Revenue by Segment
Forward Guidance
Curtiss-Wright raised its 2025 guidance, now expecting 8–9% revenue growth, 18.3–18.5% adjusted operating margin, and up to $515 million in free cash flow.
Positive Outlook
- Sales growth guidance raised to 8–9% from prior 7–8%.
- Adjusted operating margin guidance increased to 18.3–18.5%.
- Adjusted EPS now expected to grow 14–17%, up from 11–14%.
- Free cash flow forecast raised to $495M–$515M.
- Strength seen across naval defense, commercial aerospace, and nuclear markets.
Challenges Ahead
- Higher capital expenditures may weigh on near-term free cash flow.
- Some product mix effects expected to moderate margin expansion.
- Naval contract risks remain despite improved performance.
- Economic headwinds and tariffs may impact commercial markets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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