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Stock impact report

Curtiss-Wright Beats Q3 Earnings Estimates, Hikes '24 Sales View [Yahoo! Finance]

Curtiss-Wright Corporation (CW) 
Last curtiss-wright corporation earnings: 2/26 05:37 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The company reported adjusted earnings per share (EPS) of $2.97, which beat the Zacks Consensus Estimate of $2.70 by 10%. The bottom line also improved 16.9% from the year-ago quarter's level of $2.54. See the Zacks Earnings Calendar to stay ahead of market-making news. The company reported GAAP earnings of $2.89 per share, up 15.1% from the prior-year period's $2.51. The year-over-year upside can be attributed to higher sales and operating income, along with lower interest expenses incurred in the third quarter compared with the year-ago quarter. The company's net sales of $798.9 million increased 10.3% year over year. Also, the top line surpassed the Zacks Consensus Estimate of $758 million by 5.4%. The company reported adjusted operating income of $149 million, up 11.2% year over year. The adjusted operating margin expanded 20 basis points (bps) to 18.7%. This upside was primarily driven by favorable overhead absorption on higher revenues in all three segments. Curtiss- Show less Read more
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