Updated Aug 18 at 4:43pm ET.
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The Idaho National Lab is becoming a hub for companies like Oklo that want to revive the long-stagnant nuclear power industry. This shift is being fueled by the massive electricity needs of AI data centers and a broader push for carbon-free energy.
This is a major opportunity for Curtiss-Wright, which makes the specialized pumps and valves required for nuclear plants. While much of its current work is for the Navy, a commercial nuclear build-out would expand its market for decades.
Source: WSJ
The nuclear industry is facing a shortage of specialized manufacturing capacity for essential hardware. These bottlenecks, particularly in pump manufacturing and fuel enrichment, cannot be fixed quickly because they require highly certified facilities and skilled labor.
This highlights the strength of Curtiss-Wright's position. It is one of the few companies with the certifications to build these mission-critical parts. While these bottlenecks might slow the overall industry, they also protect the company from new competitors entering the space.
Deutsche Bank trimmed its price target from $827 to $801. This is a minor adjustment and does not change the firm's overall view on the stock. The new target is still about 16 percent higher than where the stock trades today.
Source: Deutsche Bank
Curtiss-Wright increased its 2026 buyback plan by $100 million. A buyback is when a company uses its own cash to buy its shares from the market, which reduces the total number of shares and makes each remaining share own a larger piece of the business.
This move suggests management is confident in its cash flow and believes the stock is a good use of capital. It also helps support the stock price by creating a steady buyer in the market.
Source: Business Wire
Curtiss-Wright reported adjusted earnings of $3.72 per share, beating the $3.61 analysts expected. While revenue of $924 million was slightly below targets, new orders rose 8 percent to $1.1 billion. This means the company is bringing in new work faster than it is completing old jobs, which builds a healthy backlog.
Management now expects sales to grow between 8 and 9 percent this year, up from its previous forecast. The company is benefiting from high demand across defense and energy markets. It also converted 116 percent of its profit into free cash flow, which is the actual cash left over after paying for operations and equipment.
See the full quarter, and how our tracked metrics did
Source: 8-K filing
Analysts have recently adjusted their price targets following the company's latest earnings report and guidance update. Overall, 17 of 25 analysts rate the stock a buy, and the average target of $825 suggests 19% room for growth.
Management has a perfect record of beating their own profit targets over the last two years. They consistently set a bar they can clear, which makes their financial forecasts very reliable.
| Expectation | |
|---|---|
| EPS | $3.79 |
| Revenue | $934M |
Seeking Alpha · Opinion · Aug 11
Business Wire · Press release · Aug 10
Seeking Alpha · Opinion · Aug 6
Business Wire · Press release · Aug 5
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