Core Insights - Gabelli Funds, LLC is hosting the annual Aerospace & Defense Symposium on September 4, 2025, at The Harvard Club in New York City, focusing on strong demand outlook and high barriers to entry in the Aerospace and Defense industry [1] - The symposium will feature top executives from over ten companies, discussing themes such as defense spending, aftermarket opportunities, and M&A potential [1] Agenda Highlights - The event will start at 7:30 AM with a welcome and introduction by the Gabelli Funds Team [2] - Notable companies participating include Astronics Corporation, Textron Inc., Moog Inc., HEICO Corporation, and Elbit Systems Ltd., among others, with scheduled presentations throughout the day [2][3] - The agenda includes one-on-one meetings with management, providing attendees with networking opportunities [1]

Core Viewpoint - Curtiss-Wright Corp. (CW) is positioned as a strong investment opportunity within the Zacks Aerospace Defense Equipment industry, driven by rising commercial nuclear aftermarket sales and consistent shareholder-focused initiatives [1] Growth Outlook & Surprise History - The Zacks Consensus Estimate for CW's 2025 earnings per share (EPS) has increased by 1.8% to $12.86 per share over the past 30 days [2] - The revenue estimate for 2025 stands at $3.42 billion, indicating a growth of 9.5% [2] - CW has a long-term earnings growth rate of 12.5% and has surpassed expectations in the last four quarters with an average earnings surprise of 9.34% [2] Return on Equity - Curtiss-Wright's return on equity (ROE) is 18.34%, significantly higher than the industry average of 8.29%, indicating effective utilization of funds [3] Shareholder-Friendly Actions - The company has been increasing shareholder value through regular dividend payments, with a current quarterly dividend of 24 cents per share, leading to an annualized dividend of 96 cents and a dividend yield of 0.20%, better than the industry's average of 0.16% [4] Debt Structure - Curtiss-Wright's total debt to capital ratio is 26.11%, much lower than the industry average of 51.51% [5] - The times interest earned (TIE) ratio is 14.2, indicating a strong ability to meet future interest obligations [5] Nuclear Operations - The U.S. remains a key market for Curtiss-Wright's nuclear power growth, with a significant increase in commercial nuclear aftermarket sales in the second quarter of 2025 [6] - The company is collaborating with reactor designers for systems and equipment development, positioning itself for sustained growth in both U.S. and global nuclear markets [6] Stock Price Performance - Curtiss-Wright's stock has increased by 44.8% over the past six months, outperforming the industry's growth of 22% [8]

companies founded by Glenn Curtiss, the father of naval aviation, and the Wright brothers, who so famously made the first flight. Joining us now on set exclusively is Curtiss-Wright chair and CEO Lynn Bamford. This is her first broadcast interview in the role, and it's so good to have you here.Welcome. >> Thank you very much for having me here. It's my pleasure to get to talk a little bit more about Curtiss-Wright and share it with your audience.>> So I just mentioned it's almost century old company, but yo ...

Group 1 - Gabelli Funds, LLC is hosting the annual Aerospace & Defense Symposium on September 4, 2025, at The Harvard Club in New York City, focusing on strong demand outlook and high barriers to entry in the industry [1] - The symposium will feature top executives from over ten companies, discussing themes such as large aftermarket opportunities, growth exceeding GDP, defense spending, and M&A potential [1] - Attendees will have the opportunity for one-on-one meetings with management, enhancing networking and investment insights [1] Group 2 - Featured companies at the symposium include AIRO Group Holdings, Elbit Systems, Albany International, Graham Corporation, and several others, indicating a diverse representation within the Aerospace and Defense sector [2] - The event is set to start at 8:30 am, providing a structured schedule for discussions and networking [3]

[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]