DAVIDSON, N.C.--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE: CW) today announced that Lynn M. Bamford, Chair and Chief Executive Officer, and K. Christopher Farkas, Vice President and Chief Financial Officer, will participate in the Citi 2024 Global Industrial Tech and Mobility Conference. A fireside chat discussion and simultaneous webcast will take place on Thursday, February 22, 2024, at 9:40am ET. There will be no formal presentation at this event. A link to the webcast and a copy of the latest s ...

Financial Performance & Guidance - Curtiss-Wright achieved sales of $786 million, a 4% increase overall in Q4 2023[7] - The company's full-year 2023 sales reached $2.8 billion, up 11%[12] - Diluted EPS for 2023 was $9.38, a 15% increase[7] - The company anticipates 2024 sales to be between $2960 million and $3010 million, representing a 4%-6% increase[20] - Diluted EPS for 2024 is projected to be between $1000 and $1030, a 7%-10% increase[20] Segment Performance & Growth Drivers - Aerospace & Industrial segment saw a 20% growth in Commercial Aerospace OEM in Q4 2023[14] - Aerospace & Defense markets accounted for 67% of total 2024 CW End Markets sales, totaling $1.90 billion to $2.02 billion[2, 49] - Commercial markets represented 33% of total 2024 CW End Markets sales, amounting to $0.94 billion to $0.97 billion[2, 49] - The company expects a 5%-7% growth in Aerospace & Defense markets and a 2%-4% growth in Commercial markets for 2024[16] Strategic Outlook - Curtiss-Wright is targeting an operating margin expansion of 0-20 bps, reaching 174%-176% in 2024[23] - The company's strong backlog and supply chain improvements are expected to drive growth in the Defense market[19] - The company is focused on generating profitable growth and maintaining a strong free cash flow conversion rate of approximately 110%[20, 23]

Curtiss-Wright Corporation (NYSE:CW) Q4 2023 Earnings Conference Call February 15, 2024 10:00 AM ET Company Participants Jim Ryan - Vice President, Investor Relations Lynn Bamford - Chair and Chief Executive Officer Chris Farkas - Vice President and Chief Financial Officer Conference Call Participants Myles Walton - Wolfe Research Adam Farley - Stifel Peter Arment - Baird Michael Ciarmoli - Truist Louie DiPalma - William Blair Operator Welcome to the Curtiss-Wright Fourth Quarter and Full Year 2023 Earnings ...

The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Curtiss-Wright (CW) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question.Curtiss-Wright is a member of the Aerospace sector. This group includes 47 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank includes 1 ...

Curtiss-Wright (CW) reported $785.79 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 3.7%. EPS of $3.16 for the same period compares to $2.92 a year ago.The reported revenue represents a surprise of +6.57% over the Zacks Consensus Estimate of $737.33 million. With the consensus EPS estimate being $2.92, the EPS surprise was +8.22%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...

Curtiss-Wright (CW) came out with quarterly earnings of $3.16 per share, beating the Zacks Consensus Estimate of $2.92 per share. This compares to earnings of $2.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.22%. A quarter ago, it was expected that this engineering firm would post earnings of $2.42 per share when it actually produced earnings of $2.54, delivering a surprise of 4.96%.Over the last four quarters, the comp ...

DAVIDSON, N.C.--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE: CW) reports financial results for the fourth quarter and full-year ended December 31, 2023. Fourth Quarter 2023 Highlights: Reported sales of $786 million, up 4%, operating income of $161 million, operating margin of 20.4%, and diluted earnings per share (EPS) of $3.11; Adjusted operating income of $163 million, up 2%; Adjusted operating margin of 20.8%; Adjusted diluted EPS of $3.16, up 8%; and Free cash flow (FCF) of $270 mill ...

DAVIDSON, N.C.--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE: CW) today announced that it has signed a Technology Cooperation Agreement with PETRÓLEO BRASILEIRO S.A. – PETROBRAS (NYSE: PBR) to design, manufacture, test, and provide operational support for a Subsea Canned Motor Boosting System, to be deployed mudline at a Petrobras production field in the Campos Basin, Brazil. Curtiss-Wright is working jointly with Petrobras to develop a subsea boosting system for unprocessed hydrocarbon fluid consis ...

The upcoming report from Curtiss-Wright (CW) is expected to reveal quarterly earnings of $2.92 per share, indicating no change from the year-ago quarter compared to the year-ago period. Analysts forecast revenues of $737.33 million, representing a decrease of 2.7% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings ...

DAVIDSON, N.C.--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE: CW) today announced that the Board of Directors declared a dividend of twenty cents ($0.20) per share on Curtiss-Wright Common Stock, payable April 15, 2024 to stockholders of record as of March 28, 2024. About Curtiss-Wright Corporation Curtiss-Wright Corporation (NYSE: CW) is a global integrated business that provides highly engineered products, solutions and services mainly to Aerospace & Defense markets, as well as critical technologie ...