earnings
confidence high
sentiment positive
materiality 0.85
Curtiss-Wright Q2 adj. EPS $1.83 (+18%), raises FY2022 guidance, prices $300M senior notes
CURTISS WRIGHT CORP
2022-Q2 EPS reported
$2.89
revenue$1,168,818,000
- Adjusted diluted EPS $1.83, up 18% YoY; reported EPS $1.83 vs $1.49.
- Sales $609M flat vs prior year; new orders $776M (+13%) with book-to-bill 1.27.
- Backlog $2.4B, up 9% YTD; raised FY2022 sales growth to 4%-6% and EPS to $8.10-$8.30.
- Priced private placement of $300M senior notes (4.49% due 2032, 4.64% due 2034), expected close Q4.
- Free cash flow $22M; share repurchases $12M.