earnings
confidence high
sentiment positive
materiality 0.75
Curtiss-Wright Q3 adj EPS $1.88 (+6%); raises FY21 EPS guidance, adds $400M buyback
CURTISS WRIGHT CORP
2021-Q3 EPS reported
$4.64
revenue$1,839,173,000
- Adj diluted EPS $1.88, up 6% YoY; reported EPS $1.70. Adj sales $614M, up 12%.
- Board authorized $400M additional share repurchase; completed $200M opportunistic buyback (~1.5M shares).
- Raised FY21 adj EPS guidance low end to $7.20-$7.35 (prev $7.15-$7.35); sales growth 7-9% maintained.
- New orders $617M, up 13%; backlog $2.2B, up 2% vs Dec 2020. Q3 free cash flow $97M, up 98%.
- Defense Electronics adj sales +22% on PacStar; A&I adj op margin +240 bps to 15.7%.