cw-20260630

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

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

For the quarterly period ended June 30, 2026

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

For the transition period from _________ to _______

Commission File Number 1-134

CURTISS-WRIGHT CORPORATION

(Exact name of Registrant as specified in its charter)


Delaware						13-0612970
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)


130 Harbour Place Drive, Suite 300
Davidson,	North Carolina	28036
(Address of principal executive offices)		(Zip Code)

(704) 869-4600

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	CW	New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period of time that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☒

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

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.

☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Common Stock, par value $1.00 per share: 36,934,444 shares as of July 31, 2026.

CURTISS-WRIGHT CORPORATION and SUBSIDIARIES

TABLE of CONTENTS


PART I – FINANCIAL INFORMATION			PAGE


Item 1.	Financial Statements (Unaudited):

		Condensed Consolidated Statements of Earnings	4

		Condensed Consolidated Statements of Comprehensive Income	5

		Condensed Consolidated Balance Sheets	6

		Condensed Consolidated Statements of Cash Flows	7

		Condensed Consolidated Statements of Stockholders’ Equity	8

		Notes to Condensed Consolidated Financial Statements	10

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		19

Item 3.	Quantitative and Qualitative Disclosures about Market Risk		29

Item 4.	Controls and Procedures		29


PART II – OTHER INFORMATION


Item 1.	Legal Proceedings		30

Item 1A.	Risk Factors		30

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		30

Item 3.	Defaults upon Senior Securities		30

Item 4.	Mine Safety Disclosures		30

Item 5.	Other Information		31

Item 6.	Exhibits		33

Signatures			34

Page 3

PART 1- FINANCIAL INFORMATION

Item 1. Financial Statements

CURTISS-WRIGHT CORPORATION and SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(UNAUDITED)


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands, except per share data)	2026		2025		2026		2025
Net sales
Product sales	$	777,167	$	746,679	$	1,548,186	$	1,425,656
Service sales	146,841		129,897		289,509		256,565
Total net sales	924,008		876,576		1,837,695		1,682,221
Cost of sales
Cost of product sales	478,529		479,253		983,044		921,343
Cost of service sales	81,389		71,166		159,078		142,257
Total cost of sales	559,918		550,419		1,142,122		1,063,600
Gross profit	364,090		326,157		695,573		618,621
Research and development expenses	25,140		23,308		49,322		46,327
Selling expenses	46,012		41,764		90,558		81,689
General and administrative expenses	113,730		104,071		216,066		203,100
Restructuring expenses	517		707		1,427		1,993
Operating income	178,691		156,307		338,200		285,512
Interest expense	9,926		10,524		19,867		20,667
Other income, net	25,530		10,982		33,727		17,012
Earnings before income taxes	194,295		156,765		352,060		281,857
Provision for income taxes	(43,127)		(35,704)		(72,706)		(59,459)
Net earnings	$	151,168	$	121,061	$	279,354	$	222,398

Basic earnings per share	$	4.09	$	3.21	$	7.57	$	5.90
Diluted earnings per share	$	4.07	$	3.19	$	7.53	$	5.87

Dividends per share	$	0.26	$	0.24	$	0.50	$	0.45

Weighted-average shares outstanding:
Basic	36,939		37,692		36,914		37,682
Diluted	37,120		37,903		37,085		37,871
See notes to condensed consolidated financial statements

Page 4

CURTISS-WRIGHT CORPORATION and SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED)

(In thousands)


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2026		2025		2026		2025
Net earnings	$	151,168	$	121,061	$	279,354	$	222,398
Other comprehensive income (loss)
Foreign currency translation adjustments, net of tax (1)	$	3,794	$	56,760	$	(16,982)	$	75,844
Pension and postretirement adjustments, net of tax (1)	265		(590)		825		(736)
Other comprehensive income (loss), net of tax	4,059		56,170		(16,157)		75,108
Comprehensive income	$	155,227	$	177,231	$	263,197	$	297,506

(1) The tax benefit/(expense) included in foreign currency translation adjustments and pension and postretirement adjustments for the three and six months ended June 30, 2026 and June 30, 2025 was immaterial.

See notes to condensed consolidated financial statements

Page 5

CURTISS-WRIGHT CORPORATION and SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

(In thousands, except per share data)


	June 30, 2026		December 31, 2025
Assets
Current assets:
Cash and cash equivalents	$	477,149	$	371,345
Receivables, net	997,350		932,344
Inventories, net	668,728		615,097
Other current assets	93,788		99,688
Total current assets	2,237,015		2,018,474
Property, plant, and equipment, net	386,462		382,200
Goodwill	1,686,728		1,692,490
Other intangible assets, net	501,027		532,381
Operating lease right-of-use assets, net	212,475		198,603
Prepaid pension asset	347,356		333,547
Other assets	84,603		63,597
Total assets	$	5,455,666	$	5,221,292
Liabilities
Current liabilities:
Current portion of long-term and short-term debt	$	200,000	$