secwatch.observer — SEC 8-K summary
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Issuer:     CURTISS WRIGHT CORP (CW)
CIK:        0000026324
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001157523-22-000563
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Curtiss-Wright Q1 adj EPS $1.31 beats expectations; sales $559M down 5%; reaffirms FY2022 guidance
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- Reported EPS $1.05, adjusted EPS $1.31; revenue $559M, down 5% adjusted YoY.
- New orders $634M, up 12%; backlog $2.3B, up 3% from Dec 31, 2021.
- Defense Electronics sales fell 22% on timing, supply chain, delayed FY22 budget; A&I sales rose 8%.
- Adjusted free cash flow -$112M included $15M Westinghouse payment; full-year FCF guidance $345-$365M.
- Full-year guidance maintained: sales growth 3-5%, adj EPS $8.05-$8.25, operating margin ~17.1-17.3%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26324/000115752322000563/0001157523-22-000563-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26324/000115752322000563/a52707976.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000563

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