Curtiss-Wright Corporation Reports 12% Revenue Growth to $876.6 Million in Latest Quarter

Curtiss-Wright Corporation reported significant financial growth in its latest quarterly results, with total net sales reaching $876.6 million for the three months ended June 30, 2025, a 12% increase from $784.8 million in the same period last year. For the first half of 2025, net sales totaled $1.68 billion, up from $1.50 billion in the prior year, marking a 12% increase. The company's operating income also saw a substantial rise, increasing 21% to $156.3 million in the second quarter and 25% to $285.5 million for the six-month period. Net earnings for the second quarter were $121.1 million, a 22% increase from $99.5 million in 2024, while earnings for the first half rose 26% to $222.4 million.

The growth in revenue and profitability was driven by strong performance across all business segments, particularly in the Naval & Power segment, which reported a 19% increase in sales to $384.4 million for the second quarter. The Defense Electronics segment also performed well, with an 11% increase in sales to $253 million. The Aerospace & Industrial segment saw a more modest growth of 3%, reaching $239.1 million. The company attributed these increases to favorable overhead absorption on higher sales, benefits from restructuring initiatives, and favorable foreign currency translation.

Curtiss-Wright did not complete any acquisitions during the first half of 2025, but it continues to evaluate potential opportunities that align with its strategic goals. The company had previously acquired two businesses in 2024, contributing $44 million in net sales and $3 million in net losses to the current financial results. The total backlog as of June 30, 2025, was approximately $3.9 billion, with expectations to recognize about 90% of this as net sales over the next 36 months.

Operationally, the company reported a slight decrease in cash and cash equivalents, totaling $331.7 million at the end of June 2025, down from $385 million at the end of 2024. The decrease was primarily due to cash used in financing activities, which included the repayment of $90 million in senior notes. The company repurchased approximately 102,000 shares of its common stock for $35 million during the first half of 2025, compared to 100,000 shares for $25 million in the same period last year.

Looking ahead, Curtiss-Wright remains optimistic about its growth prospects, with expectations of continued demand in its key markets, particularly in aerospace and defense. The company anticipates that ongoing investments in research and development, along with strategic initiatives, will further enhance its operational efficiency and market position.