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Curtiss-Wright Reports Third Quarter 2024 Financial Results and Raises Full-Year 2024 Guidance

Curtiss-Wright Corporation (CW) 
Last curtiss-wright corporation earnings: 2/26 05:37 pm Check Earnings Report
Company Research Source: Business Wire
DAVIDSON, N.C.--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE: CW) reports financial results for the third quarter ended September 30, 2024.Third Quarter 2024 Highlights:Reported sales of $799 million, up 10%;Reported operating income of $145 million, operating margin of 18.1%, and diluted earnings per share (EPS) of $2.89;Adjusted operating income of $149 million, up 11%;Adjusted operating margin of 18.7%, up 20 basis points;Adjusted diluted EPS of $2.97, up 17%;New orders of $860 million, up 2%, reflected a book-to-bill of 1.1x driven by solid demand within our Aerospace & Defense (A&D) markets;Backlog of $3.3 billion, up 16% year-to-date; andFree cash flow (FCF) of $163 million, generating 142% Adjusted FCF conversion.Raised Full-Year 2024 Adjusted Financial Guidance:Sales increased to new range of 7% to 9% growth (previously 6% to 8%), principally driven by strong growth in our A&D markets;Operating income increased to new range of 7% to 10% growth (previously 6% to 9%);Ma Show less Read more
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