Group 1 - The article initiates coverage on Curtiss-Wright (NYSE: CW) with a buy rating, highlighting it as an appealing investment opportunity due to its strong expertise and diversification across four sectors [1] - The company is noted for its robust management of U.S. equity portfolios, with over $700 million in assets under management, indicating a solid financial foundation [1] Group 2 - The analysis emphasizes the importance of understanding investment opportunities and the potential of innovative companies, suggesting a growth bias in identifying future leaders [1]

Have you been paying attention to shares of Curtiss-Wright (CW) ? Shares have been on the move with the stock up 2.1% over the past month. The stock hit a new 52-week high of $371.04 in the previous session. Curtiss-Wright has gained 54.8% since the start of the year compared to the -2.3% move for the Zacks Aerospace sector and the 23.3% return for the Zacks Aerospace - Defense Equipment industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn' ...

Financial Data and Key Metrics Changes - Sales increased 10% year-over-year to nearly $800 million, driven by strong performance in Defense Electronics and Naval & Power segments [13] - Operating income rose 11% year-over-year, resulting in a 20 basis points increase in overall operating margin to 18.7% [14] - Diluted earnings per share increased 17% year-over-year, primarily due to higher Aerospace & Defense sales [15] - Free cash flow was $163 million, up 19% year-over-year, reflecting over 140% conversion due to improved operational performance [15] Business Line Data and Key Metrics Changes - Aerospace & Industrial segment sales increased 4%, with strong OEM sales growth in commercial aerospace [23] - Defense Electronics segment sales grew 12%, driven by demand for tactical communications and embedded computing [25] - Naval & Power segment sales increased 14%, with over 20% growth in naval defense revenues [28] Market Data and Key Metrics Changes - Total new orders increased 2% year-over-year, with a book-to-bill ratio of 1.1 [17] - Year-to-date backlog increased 16%, reaching a record of $3.3 billion [18] - Commercial nuclear aftermarket business saw improved demand, particularly during the fall outage season [17] Company Strategy and Development Direction - The company is focused on investing in technology, systems, infrastructure, and talent to align with major growth vectors in end markets [9] - The acquisition of Ultra Energy is anticipated to close in the fourth quarter, enhancing the company's position in naval defense and power generation markets [48] - The company aims to supplement organic growth with strategic acquisitions and maintain a disciplined capital deployment strategy [47] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to accelerate long-term profitable growth and achieve objectives set for 2026 [11] - The company remains optimistic about the commercial nuclear market, driven by significant investments from major tech companies [50] - Management noted that while challenges exist, the strength of the consolidated portfolio and operational excellence will support continued growth [46] Other Important Information - The company plans to complete at least $150 million in share repurchases in 2024 [20] - Updated full-year guidance reflects expected sales growth of 7% to 9% and diluted EPS growth of 12% to 15% [21][22] Q&A Session Summary Question: How is the company measuring share gain activity in Defense Electronics? - Management highlighted a record order book and consistent growth over the past two years, indicating strong execution and customer satisfaction [59][60] Question: What is the outlook for commercial nuclear growth? - Management noted that 80% of existing reactors have indicated plans for life extensions, contributing to low double-digit growth [64][65] Question: What are the drivers behind the increase in aerospace defense guidance? - The increase is primarily due to secured funding for IR&D programs and strong demand for technologies in the C5ISR space [76] Question: Is the company experiencing any negative impacts from the ongoing Continuing Resolution (CR)? - Management stated that they are not currently feeling the impact of the CR due to a strong backlog position [78] Question: What is driving margin uplift in Aerospace & Industrial? - The restructuring efforts and favorable absorption on higher sales are key drivers for margin improvement [82] Question: What is the company's position with other SMR providers? - Management emphasized efforts to establish content across all major SMR providers, including partnerships with Westinghouse and X-energy [67][68] Question: Can the company quantify potential revenues from plant life extensions and restarts? - Management indicated that restarts could generate more revenue than typical plant life extensions, but specific figures were not provided [102]

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 September 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 oth ...

Curtiss-Wright Corporation, Page 1 Exhibit 99.1 NEWS RELEASE CURTISS-WRIGHT REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS AND RAISES FULL-YEAR 2024 GUIDANCE DAVIDSON, N.C. – October 30, 2024 – Curtiss-Wright Corporation (NYSE: CW) reports financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights: • Reported sales of $799 million, up 10%; • Reported operating income of $145 million, operating margin of 18.1%, and diluted earnings per share (EPS) of $2.89; • Adjusted opera ...

For the quarter ended September 2024, Curtiss-Wright (CW) reported revenue of $798.92 million, up 10.3% over the same period last year. EPS came in at $2.97, compared to $2.54 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $758.33 million, representing a surprise of +5.35%. The company delivered an EPS surprise of +10.00%, with the consensus EPS estimate being $2.70. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

Curtiss-Wright (CW) came out with quarterly earnings of $2.97 per share, beating the Zacks Consensus Estimate of $2.70 per share. This compares to earnings of $2.54 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this engineering firm would post earnings of $2.24 per share when it actually produced earnings of $2.67, delivering a surprise of 19.20%. Over the last four quarters, the com ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

We are in the initial stage of the third-quarter 2024 earnings season. So far, the results have come in line with expectations. Market participants are closely monitoring the third-quarter results to draw conclusions on the health of the U.S. economy.Several U.S. corporate behemoths will report next week. The major concentration of market participants’ will be on six of the “Magnificent 7” stocks that will report their quarterly financial numbers. Apart from this next-generation investors’ darling of Wall S ...

Curtiss-Wright (CW) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Ind ...