Overview
- Quarterly sales rose to a record $5.08 billion, topping the $4.94 billion consensus, with adjusted EPS of $7.22 beating estimates of $6.63 and net income up 16% to $808 million.
- Management raised fiscal 2026 guidance to adjusted EPS of $29.60–$30.40 and sales of $20.644–$21.239 billion, both above analyst forecasts.
- Backlog reached an all-time high of $11.3 billion as order rates increased 8% year over year, enhancing near-term revenue visibility.
- Aerospace Systems revenue grew 13.3% to $1.64 billion with a 30.0% adjusted margin, while Diversified Industrial saw North America sales decline 2.7% with margin expansion and international sales rise 3.2%.
- The company repurchased $475 million of shares and has a $1.80 quarterly dividend payable on December 5, as the stock climbed about 8% to $839.37 for a new 52-week high.