Curtiss-Wright Corporation (NYSE:CW) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Jim Ryan - VP of IR Lynn Bamford - Chair and CEO Chris Farkas - VP and CFO Conference Call Participants Kristine Liwag - Morgan Stanley Michael Ciarmoli - Truist Securities Nathan Jones - Stifel Peter Arment - Baird Greg Dahlberg - Wolfe Research Tony Bancroft - Gabelli Funds Louie DiPalma - William Blair Operator Welcome to the Curtiss-Wright Second Quarter 2024 Earnings Conference Call. At ...

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, 2024 or ☐ 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 ju ...

Curtiss-Wright Corporation, Page 1 Exhibit 99.1 NEWS RELEASE CURTISS-WRIGHT REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS AND RAISES FULL-YEAR 2024 GUIDANCE DAVIDSON, N.C. – August 7, 2024 – Curtiss-Wright Corporation (NYSE: CW) reports financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights: • Reported sales of $785 million, up 11%; • Reported operating income of $129 million, operating margin of 16.4%, and diluted earnings per share (EPS) of $2.58; • Adjusted operating ...

Curtiss-Wright (CW) came out with quarterly earnings of $2.67 per share, beating the Zacks Consensus Estimate of $2.24 per share. This compares to earnings of $2.15 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 19.20%. A quarter ago, it was expected that this engineering firm would post earnings of $1.75 per share when it actually produced earnings of $1.99, delivering a surprise of 13.71%. Over the last four quarters, the ...

The consensus EPS estimate for the quarter has been revised 0.36% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Does Earnings Surprise History Hold Any Clue? While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insig ...

The second-quarter reporting cycle of 2024 for aerospace-defense stocks, housed within the broader Zacks Aerospace sector, has already started with a handful of major defense contractors having delivered mixed results. While companies like Lockheed Martin, Northrop Grumman and Textron delivered better-than-expected earnings, General Dynamics lagged estimates. A handful of defense stocks like Leidos Holdings (LDOS) , Curtiss-Wright Corporation (CW) , Embraer (ERJ) and Huntington Ingalls Industries (HII) , wh ...

Columbia, MD, June 26, 2024 (GLOBE NEWSWIRE) -- Owl Cyber Defense Solutions ("Owl"), the global market leader in trusted cross domain data transfer for critical networks, and Curtiss-Wright's Defense Solutions Division ("Curtiss-Wright"), the trusted, proven leader in communications and processing systems for the tactical edge, today announced the successful integration of Owl's U.S. Government-approved CDFMV video cross domain solution and Curtiss-Wright's PacStar® 454 GPU-enhanced rugged, small form-facto ...

Columbia, MD, June 26, 2024 (GLOBE NEWSWIRE) -- Owl Cyber Defense Solutions ("Owl"), the global market leader in trusted cross domain data transfer for critical networks, and Curtiss-Wright's Defense Solutions Division ("Curtiss-Wright"), the trusted, proven leader in communications and processing systems for the tactical edge, today announced the successful integration of Owl's U.S. Government-approved CDFMV video cross domain solution and Curtiss-Wright's PacStar® 454 GPU-enhanced rugged, small form-facto ...

Curtiss-Wright Corp.'s (CW) expertise in supplying precision components to the aerospace, defense, general industrial and power generation markets is boosting its performance. The increasing adoption of alternative energy sources worldwide, which is fueling the value of nuclear technology, acts as a tailwind for the company. Given its growth prospects, CW makes for a solid investment option in the aerospace sector. Growth Projections & Surprise History Return on Equity Solvency & Liquidity The company's cur ...

Core Viewpoint - Curtiss-Wright Corporation has secured a $16 million contract from Iron Bow to enhance deployable communications for the United States Air Force, with work extending through 2027 [1] About the Contract - The contract involves supplying the USAF with PacStar 400 series modules and Commercial Solutions for Classified (CSfC) integration, with an estimated lifetime value exceeding $60 million [2] - The CSfC solution will utilize software automation to enhance network security and connectivity across various classification levels [2] Growth Prospects - The military communication sector is experiencing growth due to increasing geopolitical tensions, necessitating secure information exchange on the battlefield [3] - Nations are investing heavily in military communication to ensure fast and reliable networks for operational connectivity [3] - The Defense Communication market is projected to grow at a CAGR of 5.86% from 2024 to 2029, indicating robust market prospects [5] Company Positioning - Curtiss-Wright is well-positioned to capitalize on the growing military communication market, offering Encrypted Tactical Networking Communication services [6] - The PacStar 400-Series provides enterprise-class functionality in a compact design, suitable for various military applications [7] Peer Prospects - Northrop Grumman is expected to benefit from military communication spending, with a long-term earnings growth rate of 9.9% and a projected sales growth of 4.6% for 2024 [8][9] - General Dynamics has a long-term earnings growth rate of 11% and anticipates a 10.5% sales growth for 2024, with its Digital Modular Radio being a key product [10][11] - BAE Systems is also positioned for growth, with a long-term earnings growth rate of 12.2% and a projected sales increase of 34.1% for 2024 [12][13] Price Movement - Over the past three months, Curtiss-Wright's shares have increased by 16.8%, contrasting with a 0.4% decline in the industry [14] Zacks Rank - Curtiss-Wright holds a Zacks Rank of 2 (Buy), indicating positive market sentiment [15]