Curtiss-Wright Corporation (CW) shares rose 4.4% to reach $268.17 on May 3 following the release of its first-quarter 2024 results.  The company reported first-quarter earnings per share (EPS) of $1.99, which surpassed the Zacks Consensus Estimate of $1.75 by 13.7%. The bottom line also improved 34.5% from the year-ago quarter’s level of $1.48.Operational PerformanceIn the quarter under review, the company’s net sales of $713.2 million went up 13% year over year. Also, the top line surpassed the Zacks Conse ...

财务数据和关键指标变化 - 公司第一季度销售额为7.13亿美元,同比增长13%,超出预期,主要得益于防务电子业务的强劲表现 [6] - 调整后的自由现金流同比改善37% [7] - 新订单同比增长26%,达到9亿多美元,整体订单量与销售额比达到1.26倍 [8] 各条业务线数据和关键指标变化 - 航空航天及工业分部销售增长8%,符合预期,商用航空业务增长超过25% [14] - 防务电子分部销售增长31%,超出预期,主要得益于地面防务市场的强劲需求 [15] - 海军及动力分部销售增长6%,基本符合预期,商用核电市场增长强劲 [17][18] 各个市场数据和关键指标变化 - 航空航天防务市场销售增长6%-8%,主要得益于嵌入式计算设备的强劲需求 [20] - 地面防务市场销售增长10%-12%,主要得益于通信设备的强劲需求 [20] - 海军防务市场销售增长3%-5%,主要得益于航母和潜艇项目的产能提升 [21] - 商用航空市场销售增长10%-12%,主要得益于窄体和宽体飞机产量的提升 [22] - 商用核电市场销售增长高个位数,主要得益于WSC公司的收购 [23] 公司战略和发展方向及行业竞争 - 公司保持开放态度,考虑各种可能的战略选择,包括大型收购等,但目前主要依靠自身能力推动公司长期增长 [79] - 商用核电是公司重点关注的领域,有望带来较快增长,但公司也在平衡各个业务线的发展 [79] - 公司在海军维修服务中心的能力有助于缓解海军船厂的产能瓶颈 [87][88] 管理层对经营环境和未来前景的评论 - 公司第一季度表现超预期,主要得益于防务电子业务的强劲表现 [6] - 公司对2024年全年业绩保持信心,预计销售增长5%-7%,利润率和每股收益也将实现增长 [11] - 公司将在5月21日的投资者日上分享未来5-7年的发展战略和目标 [38] 问答环节重要的提问和回答 问题1 **Nathan Jones 提问** 询问海军及动力分部10百万美元的一次性调整的原因及影响 [44][45][46][47] **Lynn Bamford 和 Chris Farkas 回答** 这是一个技术问题导致的一次性调整,不代表该分部的正常经营情况,未来该分部的利润率有望恢复到正常水平 [45][46][47][48] 问题2 **Greg Dahlberg 提问** 询问地面防务业务的销售增长情况及未来走势 [55][56][57] **Chris Farkas 回答** 地面防务业务第一季度增长较快,主要得益于通信设备的交付,未来会有一定波动,但整体仍有较强增长 [56][57] 问题3 **Tony Bancroft 提问** 询问公司未来5年以上的发展战略,是否考虑大型收购或业务分拆等 [78][79] **Lynn Bamford 回答** 公司保持开放态度,考虑各种可能的战略选择,但目前主要依靠自身能力推动公司长期增长,商用核电是重点关注领域 [79]

– Exceeded expectations due to strong operational performance in Defense Electronics despite headwind in Naval & Power segment Q1 2024 Earnings Presentation Q1 2024 EARNINGS CONFERENCE CALL This presentation also includes certain non-GAAP financial measures with reconciliations to GAAP financial measures being made available in the earnings release and this presentation that are posted to our website and furnished with the SEC. We undertake no duty to update this information. More information about potentia ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _________ to _______ Commission File Number 1-134 CURTISS-WRIGHT CORPORATION (Exact name of Registrant as specified in its charter) Delaware 13-0612970 (State or other j ...

Curtiss-Wright Corporation, Page 1 Exhibit 99.1 CURTISS-WRIGHT REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS AND INCREASES FULL-YEAR 2024 GUIDANCE FOR SALES, OPERATING INCOME AND EPS DAVIDSON, N.C. – May 1, 2024 – Curtiss-Wright Corporation (NYSE: CW) reports financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights: • Reported sales of $713 million, up 13%, operating income of $100 million, up 27%, operating margin of 14.0%, and diluted earnings per share (EPS) of $1.99; • ...

For the quarter ended March 2024, Curtiss-Wright (CW) reported revenue of $713.17 million, up 13.1% over the same period last year. EPS came in at $1.99, compared to $1.53 in the year-ago quarter.The reported revenue represents a surprise of +7.24% over the Zacks Consensus Estimate of $665.04 million. With the consensus EPS estimate being $1.75, the EPS surprise was +13.71%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Curtiss-Wright (CW) came out with quarterly earnings of $1.99 per share, beating the Zacks Consensus Estimate of $1.75 per share. This compares to earnings of $1.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.71%. A quarter ago, it was expected that this engineering firm would post earnings of $2.92 per share when it actually produced earnings of $3.16, delivering a surprise of 8.22%.Over the last four quarters, the com ...

Curtiss-Wright Corp.’s (CW) precision components are supplied to the aerospace, defense, general industrial and power generation markets, and the increasing adoption of nuclear power and alternative energy sources acts as a tailwind, boosting its performance. Given its growth prospects, CW makes for a solid investment option in the aerospace sector.Let’s focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment.Growth Projections & Surprise HistoryThe Zacks Conse ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Curtiss-Wright (CW) , which belongs to the Zacks Aerospace - Defense Equipment industry.This engineering firm has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 6.59%.For the most recent quarter, Curtiss-Wright was expected to post earnings of $2.92 per ...

Curtiss-Wright Corporation (CW) recently announced that it has completed the acquisition of WSC, Inc. The transaction was valued at approximately $34 million.Rationale Behind the SaleCurtiss-Wright’s decision to acquire WSC’s business underscores its commitment to focus on its Naval & Power business. The buyout will help CW in achieving long-term profitable growth and strong free cash flow. In 2023, Naval & Power contributed a total of 40% to Curtiss Wright’s total sales.With the acquisition, Curtiss-Wright ...