[PART I – FINANCIAL INFORMATION](index=5&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) This section presents the company's financial statements, management's discussion and analysis, market risk disclosures, and internal controls for the interim period [Item 1. Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) The company achieved significant growth in Q2 and H1 2025, with net sales up 12% and net earnings rising to $222.4 million, alongside improved cash flow and increased total assets Condensed Consolidated Statements of Earnings Highlights (in millions, except per share data) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | **Total net sales** | $876.6 | $784.8 | $1,682.2 | $1,498.0 | | **Gross profit** | $326.2 | $284.1 | $618.6 | $537.9 | | **Operating income** | $156.3 | $128.9 | $285.5 | $228.9 | | **Net earnings** | $121.1 | $99.5 | $222.4 | $176.0 | | **Diluted earnings per share** | $3.19 | $2.58 | $5.87 | $4.58 | Condensed Consolidated Balance Sheet Highlights (in millions) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $331.7 | $385.0 | | Total current assets | $2,000.0 | $1,850.0 | | Goodwill | $1,698.6 | $1,675.7 | | **Total assets** | **$5,194.5** | **$4,985.7** | | Total current liabilities | $1,026.5 | $1,095.9 | | Long-term debt | $958.4 | $958.9 | | **Total liabilities** | **$2,482.8** | **$2,535.9** | | **Total stockholders' equity** | **$2,711.7** | **$2,449.8** | Condensed Consolidated Statements of Cash Flows Highlights (in millions) | Cash Flow Activity | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $97.8 | $65.7 | | Net cash used for investing activities | ($36.6) | ($56.7) | | Net cash used for financing activities | ($127.6) | ($27.6) | | Net decrease in cash and cash equivalents | ($53.4) | ($24.3) | [Note 1: Basis of Presentation](index=11&type=section&id=1.%20BASIS%20OF%20PRESENTATION) Financial statements adhere to SEC interim reporting rules, reflecting the company's global A&D and commercial markets business, with ASU 2023-07 adopted for segment reporting - The company provides highly engineered products, solutions, and services primarily to aerospace & defense (A&D) markets, as well as commercial power, process, and industrial markets[27](index=27&type=chunk) - The company adopted ASU 2023-07, which enhances disclosures for reportable segments, as of December 31, 2024, requiring disclosure of significant segment expenses provided to the chief operating decision-maker[32](index=32&type=chunk) [Note 2: Revenue](index=11&type=section&id=2.%20REVENUE) Revenue recognition is based on control transfer, with H1 2025 sales split between over-time and point-in-time, and a $3.9 billion backlog primarily from A&D markets - Total contract backlog was approximately **$3.9 billion** as of June 30, 2025, with the company expecting to recognize about **90%** of this backlog as net sales within the next 36 months[40](index=40&type=chunk) Revenue Recognition Timing (% of Revenue) | Period | Over-time | Point-in-time | | :--- | :--- | :--- | | **Q2 2025** | 51% | 49% | | **Q2 2024** | 50% | 50% | | **H1 2025** | 52% | 48% | | **H1 2024** | 50% | 50% | Total Net Sales by End Market (in millions) | End Market | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | **Total Aerospace & Defense** | **$1,171.5** | **$1,032.5** | | Aerospace Defense | $319.3 | $286.2 | | Ground Defense | $194.8 | $175.7 | | Naval Defense | $461.2 | $387.5 | | Commercial Aerospace | $196.2 | $183.1 | | **Total Commercial** | **$510.8** | **$465.5** | | Power & Process | $306.4 | $262.6 | | General Industrial | $204.4 | $202.9 | [Note 3: Acquisitions](index=13&type=section&id=3.%20ACQUISITIONS) No new acquisitions occurred in H1 2025, but 2024 acquisitions contributed $44 million in sales and a $3 million net loss, primarily in the Naval & Power segment - The company did not complete any acquisitions during the six months ended June 30, 2025[46](index=46&type=chunk) - The two businesses acquired in 2024 contributed **$44 million** in net sales and a **$3 million** net loss for the six months ended June 30, 2025[46](index=46&type=chunk) - In 2024, the company acquired WSC Inc. for **$34 million** and Ultra Energy for **$201 million**, with both acquisitions operating in the Naval & Power segment[51](index=51&type=chunk)[52](index=52&type=chunk) [Note 11: Segment Information](index=17&type=section&id=11.%20SEGMENT%20INFORMATION) The company's three segments—Aerospace & Industrial, Defense Electronics, and Naval & Power—all reported sales and operating income growth in H1 2025 Net Sales by Segment (in millions) | Segment | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Aerospace & Industrial | $466.8 | $453.1 | | Defense Electronics | $499.9 | $441.7 | | Naval & Power | $717.9 | $605.4 | | **Total Net Sales** | **$1,682.2** | **$1,498.0** | Operating Income by Segment (in millions) | Segment | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Aerospace & Industrial | $68.9 | $62.7 | | Defense Electronics | $135.3 | $106.3 | | Naval & Power | $102.3 | $81.5 | | **Total Segment Operating Income** | **$306.5** | **$250.5** | [Note 14: Restructuring Costs](index=20&type=section&id=14.%20RESTRUCTURING%20COSTS) The 2024 Restructuring Program is largely complete, with H1 2025 pre-tax charges decreasing to $2.0 million and a remaining liability of $1.1 million - The 2024 Restructuring Program, involving workforce reductions and facility consolidation, is substantially complete as of June 30, 2025[83](index=83&type=chunk) Restructuring Charges and Liability (in millions) | Metric | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Pre-tax Charges | $2.0 | $4.3 | | **Liability Balance (as of June 30)** | **$1.1** | **N/A** | [Note 15: Subsequent Events](index=20&type=section&id=15.%20SUBSEQUENT%20EVENTS) The One Big Beautiful Bill Act (OBBBA), enacted July 4, 2025, is expected to reduce 2025 estimated tax payments by $15 million due to R&D expensing - The newly enacted One Big Beautiful Bill Act (OBBBA) is expected to reduce the company's 2025 estimated tax payments by approximately **$15 million** due to immediate expensing of R&D[84](index=84&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=22&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management reported strong Q2 and H1 2025 financial performance, with total sales up 12%, operating income growing 25% to $286 million, and robust liquidity [Results of Operations](index=23&type=section&id=Results%20of%20Operations) H1 2025 total sales increased 12% to $1.68 billion, with operating income up 25% to $286 million and net earnings rising 26% to $222.4 million Components of Sales and Operating Income Change (H1 2025 vs. H1 2024) | Component | Sales Change | Operating Income Change | | :--- | :--- | :--- | | Organic | 10% | 23% | | Acquisitions | 2% | (1%) | | Restructuring | —% | 1% | | Foreign currency | —% | 2% | | **Total** | **12%** | **25%** | - For the six months ended June 30, 2025, operating income increased **25%** to **$286 million**, and operating margin expanded by **170 basis points** to **17.0%**, driven by increases across all segments[100](index=100&type=chunk) - New orders for the first six months of 2025 increased **6%** year-over-year to **$2.02 billion**[96](index=96&type=chunk) [Results by Business Segment](index=26&type=section&id=Results%20by%20Business%20Segment) All three business segments—Aerospace & Industrial, Defense Electronics, and Naval & Power—achieved sales and operating income growth in H1 2025 - **Aerospace & Industrial:** H1 2025 sales increased **3%** to **$466 million**, and operating income rose **10%** to **$69 million**, driven by higher demand for OEM sensors and surface treatment services in commercial aerospace[110](index=110&type=chunk)[112](index=112&type=chunk)[114](index=114&type=chunk) - **Defense Electronics:** H1 2025 sales grew **13%** to **$498 million**, with operating income up **27%** to **$135 million**, fueled by strong demand for embedded computing equipment and tactical communications for defense programs[117](index=117&type=chunk)[119](index=119&type=chunk)[121](index=121&type=chunk) - **Naval & Power:** H1 2025 sales increased **19%** to **$718 million**, and operating income grew **26%** to **$102 million**, driven by higher demand on submarine programs and the incremental impact of the Ultra Energy and WSC acquisitions[124](index=124&type=chunk)[126](index=126&type=chunk)[130](index=130&type=chunk) [Liquidity and Capital Resources](index=30&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity, with operating cash flow increasing to $97.8 million in H1 2025, supported by substantial available credit and debt covenant compliance - Net cash provided by operating activities increased by **$32 million** to **$97.8 million** for the first six months of 2025, mainly due to higher cash earnings[140](index=140&type=chunk) - During H1 2025, the company repurchased approximately **102,000 shares** of its common stock for **$35 million**[146](index=146&type=chunk) - As of June 30, 2025, the company had **$723 million** available under its credit facility and could borrow an additional **$3.0 billion** without violating its debt to capitalization covenant[145](index=145&type=chunk)[149](index=149&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=33&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) No material changes in the company's market risk occurred during the first six months of 2025 - There have been no material changes in the company's market risk during the first six months of 2025[154](index=154&type=chunk) [Item 4. Controls and Procedures](index=33&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal controls - Based on an evaluation as of June 30, 2025, the CEO and CFO concluded that the company's disclosure controls and procedures are effective[155](index=155&type=chunk) - No changes in internal control over financial reporting occurred during the quarter ended June 30, 2025, that have materially affected or are likely to materially affect internal controls[156](index=156&type=chunk) [PART II – OTHER INFORMATION](index=34&type=section&id=PART%20II%20%E2%80%93%20OTHER%20INFORMATION) This section covers legal proceedings, risk factors, equity sales, defaults, safety disclosures, other information, and exhibits [Item 1. Legal Proceedings](index=34&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal proceedings, including asbestos claims, but does not anticipate a material adverse financial impact - The company does not expect any ongoing legal proceedings, including asbestos claims, to have a material adverse effect on its financial condition, citing minimal historical use of asbestos and adequate insurance coverage[159](index=159&type=chunk)[160](index=160&type=chunk) [Item 1A. Risk Factors](index=34&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the company's risk factors occurred during the first six months of 2025 - There have been no material changes in the company's Risk Factors during the first six months of 2025[161](index=161&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=34&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased 59,501 shares of common stock in Q2 2025 for an average of $346.01 per share, with $125.3 million remaining for future repurchases Share Repurchases for the Quarter Ended June 30, 2025 | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | April 2025 | 36,792 | $295.10 | | May 2025 | 12,520 | $398.15 | | June 2025 | 10,189 | $465.80 | | **Total Q2 2025** | **59,501** | **$346.01** | - As of June 30, 2025, **$125.3 million** remained available for share repurchases under the company's announced program[163](index=163&type=chunk) [Item 3. Defaults upon Senior Securities](index=34&type=section&id=Item%203.%20Defaults%20upon%20Senior%20Securities) The company reported no defaults on its senior securities - None[164](index=164&type=chunk) [Item 4. Mine Safety Disclosures](index=35&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company's operations - Not applicable[165](index=165&type=chunk) [Item 5. Other Information](index=35&type=section&id=Item%205.%20Other%20Information) No material changes occurred in director nomination procedures or Rule 10b5-1 trading arrangements for directors and officers in H1 2025 - There have been no material changes in the procedures for security holders to recommend director nominees[166](index=166&type=chunk) - No directors or officers adopted, modified, or terminated a Rule 10b5-1 trading arrangement during the first six months of 2025[167](index=167&type=chunk) [Item 6. Exhibits](index=36&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including certifications and XBRL data

Financial Data and Key Metrics Changes - Sales for the second quarter of 2025 reached $877 million, a 12% year-over-year increase, driven by strong organic growth of 9% [6][9] - Operating income increased by 20% year-over-year, resulting in a 130 basis points expansion in overall operating margin [7][16] - Diluted earnings per share rose by 21% year-over-year, slightly exceeding expectations [8] - Free cash flow was $117 million, reflecting a 17% year-over-year improvement and nearly 100% cash conversion [8][10] - The company raised its full-year sales growth guidance to 9% to 10% and expects diluted EPS growth of 16% to 19% [10][25] Business Line Data and Key Metrics Changes - Aerospace and Industrial segment sales increased by 3%, with solid OEM sales growth in commercial aerospace [11] - Defense Electronics segment sales grew by 11%, driven by increased sales of embedded computing equipment [12] - Naval and Power segment sales surged by 19%, primarily due to higher naval defense revenues [15] Market Data and Key Metrics Changes - The overall book-to-bill ratio across Aerospace and Defense markets was 1.2 times, indicating strong demand [8] - The backlog increased by 12% year-to-date, reaching a record of over $3.8 billion [9] - Direct foreign military sales are expected to grow by approximately 20% in 2025, reflecting increased demand from NATO and allied countries [19][31] Company Strategy and Development Direction - The company is focused on a "pivot to growth" strategy, emphasizing operational excellence and collaboration on R&D projects [5][39] - Key growth areas identified include defense and commercial nuclear sectors, with expectations for significant long-term opportunities [28][34] - The company plans to leverage advancements in AI and machine learning to enhance its defense applications [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strong financial performance in 2025, supported by a robust order book and operational growth [5][39] - The company anticipates continued growth in defense spending, particularly in the U.S. and among NATO allies [28][31] - Management highlighted the importance of maintaining a disciplined capital allocation strategy while pursuing growth opportunities [39] Other Important Information - The Board approved a $400 million increase in share repurchase authorization and a 14% increase in the quarterly dividend [9] - The company expects to generate free cash flow exceeding $520 million to $535 million, reflecting an improved conversion rate of approximately 108% [26] Q&A Session Summary Question: What is driving the growth acceleration in commercial aerospace? - Management noted a conservative position on commercial aerospace initially, but positive signals from customers indicate strong growth potential despite industry challenges [42][44] Question: Can you elaborate on the applications of the new GPU chips? - The new GPU chips are being utilized for tactical edge applications, enhancing decision-making capabilities in defense systems [47][48] Question: How sustainable is the margin performance in Defense Electronics? - Management indicated ongoing restructuring and operational excellence initiatives are driving margin improvements, with further opportunities for expansion [53][55] Question: What is the outlook for the M&A pipeline? - The company is actively exploring M&A opportunities but remains disciplined in its approach, prioritizing strategic fits [67][69] Question: How do you expect to grow direct foreign military sales? - Management highlighted strong positions in defense electronics and partnerships with NATO allies as key growth drivers for direct foreign military sales [90][92]

Financial Data and Key Metrics Changes - Sales for Q2 2025 reached $877 million, a 12% increase year-over-year, driven by strong organic growth of 9% [5][6] - Operating income increased by 20% year-over-year, leading to a 130 basis points expansion in overall operating margin [5][6] - Diluted earnings per share rose by 21% year-over-year, slightly exceeding expectations [6] - Free cash flow was $117 million, reflecting a 17% year-over-year improvement and nearly 100% cash conversion [6][9] - The company raised its full-year sales growth guidance to 9% to 10% and expects diluted EPS growth of 16% to 19% [9][25] Business Line Data and Key Metrics Changes - **Aerospace and Industrial**: Sales increased by 3%, with solid OEM sales growth in commercial aerospace and modest increases in defense markets [10][11] - **Defense Electronics**: Sales grew by 11%, driven by increased sales of embedded computing equipment and tactical communications revenues [12] - **Naval and Power**: Sales surged by 19%, primarily due to higher naval defense revenues, particularly from the Columbia Class submarine program [13][14] Market Data and Key Metrics Changes - The overall backlog increased by 12% year-to-date, reaching a record of over $3.8 billion [7] - Book-to-bill ratio across Aerospace and Defense markets was 1.2 times, indicating strong demand [6] - Direct foreign military sales are expected to grow by approximately 20% in 2025, reflecting increased demand from NATO and allied countries [29] Company Strategy and Development Direction - The company is focused on a "pivot to growth" strategy, emphasizing operational excellence and collaboration on R&D projects [4] - Key growth areas identified include defense and commercial nuclear sectors, with expectations for significant long-term opportunities [27][36] - The company plans to leverage advancements in AI and machine learning to enhance its defense applications [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strong financial performance in 2025, supported by a robust order book and favorable market conditions [9][37] - The company anticipates continued growth in defense spending and a strategic shift towards nuclear power, driven by global energy demands [27][31] - Management highlighted the importance of maintaining a disciplined capital allocation strategy while pursuing growth opportunities [37] Other Important Information - The Board approved a $400 million increase in share repurchase authorization and a 14% increase in the quarterly dividend, marking nine consecutive years of dividend growth [8] - The company expects to generate free cash flow in the range of $520 million to $535 million, reflecting an improved conversion rate of approximately 108% [25] Q&A Session Summary Question: What is driving growth acceleration in commercial aerospace? - Management noted a conservative position entering the year, with mixed signals from customers but overall positive trends expected in the second half [40][42] Question: What applications are the new GPU chips finding use cases for? - The company highlighted applications in defensive systems and command and control, emphasizing the importance of quick decision-making in modern warfare [44][46] Question: How sustainable is the margin performance in Defense Electronics? - Management indicated ongoing restructuring and operational excellence initiatives are driving margin improvements, with further opportunities for growth [50][52] Question: What is the outlook for the M&A pipeline? - The company is actively looking for acquisition opportunities but remains disciplined in its approach, prioritizing strategic fits [64][66] Question: How much of the Defense Electronics decline in Q3 is visible based on backlog? - Management reported a book-to-bill ratio of 0.9 in Defense Electronics, with expectations for a strong finish in Q4 as backlog issues are resolved [69][72]

Q2 2025 Highlights - Sales reached $877 million, a 12% increase overall, with 9% organic growth[6] - Operating Income increased by 20% to $160 million, resulting in a 130 bps year-over-year margin expansion to 183%[6] - Diluted EPS increased by 21% to $323[6] - Free Cash Flow increased by 17% to $117 million[6] - New Orders totaled $1 billion, resulting in a book-to-bill ratio greater than 11x, and backlog increased by 12% year-to-date[6] Full-Year 2025 Guidance - Total Sales growth is projected to increase by 9% - 10% due to strengthening A&D market growth[6] - Operating Income growth is targeted at 15% - 18%, with an Operating Margin of 185% - 187%, up 100 - 120 bps year-over-year[6] - The company is on track to deliver high-teens EPS growth (up 16% - 19%) and strong FCF generation (~108% conversion)[6] End Market Sales Growth Guidance - Aerospace Defense is expected to grow by 7% - 9%, contributing to 19% of sales[10] - Naval Defense is expected to grow by 7% - 9%, contributing to 26% of sales[10] - Commercial Aerospace is expected to grow by 13% - 15%, contributing to 13% of sales[10] - Power & Process is expected to grow by 16% - 18%, contributing to 19% of sales[10]

Core Insights - Curtiss-Wright reported revenue of $876.58 million for the quarter ended June 2025, marking an 11.7% year-over-year increase and a surprise of +3.07% over the Zacks Consensus Estimate of $850.49 million [1] - The EPS for the same period was $3.23, compared to $2.67 a year ago, with an EPS surprise of +3.19% against the consensus estimate of $3.13 [1] Financial Performance Metrics - Adjusted Sales in Aerospace & Industrial were $239.14 million, slightly below the average estimate of $242.08 million, reflecting a year-over-year change of +2.5% [4] - Adjusted Sales in Naval & Power reached $384.43 million, exceeding the average estimate of $355.61 million, with a year-over-year change of +19% [4] - Adjusted Sales in Defense Electronics were $253.01 million, surpassing the average estimate of $248.33 million, showing a year-over-year change of +10.8% [4] Operating Income Analysis - Adjusted Operating Income for Naval & Power was $63.55 million, above the average estimate of $58.51 million [4] - Adjusted Operating Income for Defense Electronics was $67.85 million, exceeding the average estimate of $63.64 million [4] - Adjusted Operating Income for Aerospace & Industrial was $39.59 million, slightly below the average estimate of $40.41 million [4] Stock Performance - Shares of Curtiss-Wright have returned +6.3% over the past month, outperforming the Zacks S&P 500 composite's +0.5% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Core Viewpoint - Curtiss-Wright reported quarterly earnings of $3.23 per share, exceeding the Zacks Consensus Estimate of $3.13 per share, and showing an increase from $2.67 per share a year ago, indicating a positive earnings surprise of +3.19% [1][2] Financial Performance - The company achieved revenues of $876.58 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.07%, and up from $784.79 million in the same quarter last year [2] - Over the last four quarters, Curtiss-Wright has consistently exceeded consensus EPS estimates and revenue estimates [2] Stock Performance - Curtiss-Wright shares have increased approximately 44.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 7.1% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $3.28, with expected revenues of $853.49 million, and for the current fiscal year, the EPS estimate is $12.77 on revenues of $3.4 billion [7] - The company's earnings outlook and estimate revisions will be crucial for future stock performance [4][6] Industry Context - The Aerospace - Defense Equipment industry, to which Curtiss-Wright belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, which may impact stock performance [8]

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock charact ...

Analysts on Wall Street project that Curtiss-Wright (CW) will announce quarterly earnings of $3.13 per share in its forthcoming report, representing an increase of 17.2% year over year. Revenues are projected to reach $850.49 million, increasing 8.4% from the same quarter last year. The consensus EPS estimate for the quarter has undergone an upward revision of 1.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial esti ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Curtiss-Wright (CW) reports results for the quarter ended June 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 6. On ...

Group 1 - Curtiss-Wright (CW) is currently outperforming its peers in the Aerospace sector with a year-to-date return of 38.7%, compared to the sector average of 27.1% [4] - The Zacks Rank for Curtiss-Wright is 2 (Buy), indicating a positive earnings outlook, with the consensus estimate for full-year earnings having increased by 5.1% in the past quarter [3] - The Aerospace - Defense Equipment industry, which includes Curtiss-Wright, has seen an average gain of 26.4% this year, further highlighting CW's strong performance relative to its industry [5] Group 2 - MTU Aero Engines AG, another stock in the Aerospace sector, has also shown strong performance with a year-to-date return of 30.5% and a Zacks Rank of 2 (Buy) [4][5] - The Aerospace sector is ranked 6 in the Zacks Sector Rank, which evaluates the average Zacks Rank of individual stocks within the sector [2] - The Aerospace - Defense industry, which includes MTU Aero Engines AG, has a current ranking of 63 and has gained 27.4% since the beginning of the year [6]