Curtiss-Wright Q1 sales up 13% to $713M, EPS $1.99; raises full-year guidance

CURTISS WRIGHT CORP

2024-Q1 EPS reported $1.99 revenue$713,167,000

Q1 sales $713M (+13% YoY), operating income $100M (+27%), diluted EPS $1.99 (+30%).
Adjusted operating margin 14.0% (+110 bps); orders $901M (+26%), book-to-bill >1.25x.
Defense Electronics sales +31% to $212M, op income +106%; Naval & Power adjusted op income -13% on contract adjustment.
Raised FY2024 guidance: sales growth 5-7% (prev 4-6%), EPS $10.10-$10.40 (prev $10.00-$10.30).
Free cash flow improved to -$58M from -$102M; maintained FCF guidance $415-$435M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CURTISS WRIGHT CORP reported first quarter ended March 31, 2024 results: revenue $713 million, EPS $1.99. Guidance raised.

Period: first quarter ended March 31, 2024
Revenue: $713 million
EPS: $1.99
Guidance: raised
Result: reported results

Exact text from the filing

– May 1, 2024 – 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%;

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Source: SEC EDGAR

accession 0000026324-24-000009

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