Curtiss-Wright Q3 adjusted EPS $2.07 (+10%), cuts FY sales growth to 2-4% amid supply chain delays

CURTISS WRIGHT CORP

2022-Q3 EPS reported $4.79 revenue$1,799,360,000

Q3 adjusted sales $631M (+3%), adjusted operating income $114M (+6%), adjusted EPS $2.07 (+10%).
New orders $818M (+32%), backlog $2.6B (+19% YTD); orders record but supply chain delays hit Defense Electronics.
Full-year guidance cut: sales growth 2-4% (prev. 4-6%), adjusted EPS $8.05-$8.20 (down from $8.10-$8.30), FCF $275-$315M (prev. $345-$365M).
Completed $300M private placement of senior notes (4.49% 2032, 4.64% 2034) on Oct 27, 2022.
Signed preferred supplier agreement with X-energy for SMR systems; expects >$100M revenue per four-unit plant.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CURTISS WRIGHT CORP reported the third quarter ended September 30, 2022 results: revenue $631 million, EPS $1.91. Guidance lowered.

Period: the third quarter ended September 30, 2022
Revenue: $631 million
EPS: $1.91
Guidance: lowered
Result: reported results

Exact text from the filing

2, 2022--Curtiss-Wright Corporation (NYSE: CW) reports financial results for the third quarter ended September 30, 2022. Third Quarter 2022 Highlights: Reported sales of $631 million, operating income of $108 million, operating margin of 17.1%, and diluted earnings per share (EPS) of $1.91; Adjusted operating income of $114 million, up 6%; Adjusted operating

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Source: SEC EDGAR

accession 0001157523-22-001503

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