earnings
confidence high
sentiment positive
materiality 0.80
Curtiss-Wright Q2 adj. EPS $2.67 (+24% YoY); raises full-year 2024 guidance
CURTISS WRIGHT CORP
2024-Q2 EPS reported
$4.58
revenue$1,497,958,000
- Q2 sales $785M (+11% YoY); adj. op. margin 17.0% (+60 bps); adj. diluted EPS $2.67 (+24%).
- New orders $995M (+18%), book-to-bill 1.3x; backlog $3.2B up 13% YTD.
- Raised FY2024 guidance: adj. EPS now $10.40-$10.65 (prev $10.10-$10.40); FCF $425-$445M.
- Announced $15M restructuring for ~$10M annualized savings in 2025; U.K. entity consolidation cuts tax rate 100 bps.
- Acquired Ultra Energy for $200M cash; expected close Q3 2024, accretive to adj. EPS in first full year.