Curtiss-Wright Q3 sales +15%, adj EPS $2.54 (+23%); raises FY23 guidance

CURTISS WRIGHT CORP

2023-Q3 EPS reported $6.09 revenue$2,059,582,000

Reported sales $724M (+15% YoY); adj operating income $134M (+17%); adj diluted EPS $2.54 vs $2.07 last year.
New orders $846M, book-to-bill 1.2x; backlog $2.9B, up 12% YTD.
Defense Electronics segment sales surged 34% to $216M; operating margin expanded 330 bps to 26%.
Raised FY23 guidance: sales growth 8-10% (prev 7-9%), EPS $9.00-$9.20 (prev $8.90-$9.15), FCF $380-$400M.
Generated $137M free cash flow (140% adj FCF conversion); repurchased $13M stock in Q3, dividend $0.20/share.

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 0.95

CURTISS WRIGHT CORP reported the third quarter ended September 30, 2023 results: revenue $724 million, EPS $2.51. Guidance raised.

Period: the third quarter ended September 30, 2023
Revenue: $724 million
EPS: $2.51
Guidance: raised
Result: reported results

Exact text from the filing

1, 2023--Curtiss-Wright Corporation (NYSE: CW) reports financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights: Reported sales of $724 million, up 15%; Reported operating income of $133 million, operating margin of 18.3%, and diluted earnings per share (EPS) of $2.51; Adjusted operating income of $134 million, up 17%;

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Source: SEC EDGAR

accession 0001157523-23-001620

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