CURTISS-WRIGHT REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS AND RAISES FULL-YEAR 2024 GUIDANCE

DAVIDSON, N.C.--(BUSINESS WIRE)-- 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 income of $133 million, up 16%;
• Adjusted operating margin of 17.0%, up 60 basis points;
• Adjusted diluted EPS of $2.67, up 24%;
• New orders of $995 million, up 18%, reflected a book-to-bill of approximately 1.3x driven by strong demand within our Aerospace & Defense (A&D) markets;
• Backlog of $3.2 billion, up 13% year-to-date; and
• Free cash flow (FCF) of $100 million, generating 97% Adjusted FCF conversion.

VIEW FULL RELEASE >

CURTISS-WRIGHT REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS AND INCREASES FULL-YEAR 2024 GUIDANCE FOR SALES, OPERATING INCOME AND EPS

DAVIDSON, N.C.--(BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) reports financial results for the first quarter ended March 31, 2024.

First Quarter 2024 Highlights:

• Reported sales of $713 million, up 13%, operating income of $100 million, up 27%, operating margin of 14.0%, and diluted earnings per share (EPS) of $1.99;
• Adjusted operating income of $100 million, up 23%;
• Adjusted operating margin of 14.0%, up 110 basis points;
• Adjusted diluted EPS of $1.99, up 30%; and
• New orders of $901 million, up 26%, reflected a book-to-bill that exceeded 1.25x driven by strong demand within our Aerospace & Defense (A&D) markets.
•  

Raised Full-Year 2024 Financial Guidance:

• Sales increased to new range of 5% to 7% growth (previously 4% to 6%) and continues to reflect growth in all A&D and Commercial end markets;

VIEW FULL RELEASE >