Curtiss-Wright (CW) Tops Q4 EPS by 32c, FY Guidance Comes in lIght
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Curtiss-Wright Reports Fourth Quarter and Full-Year 2015 Financial Results and Issues 2016 Guidance
February 24, 2016 4:31 PM ESTCHARLOTTE, N.C., Feb. 24, 2016 (GLOBE NEWSWIRE) -- Curtiss-Wright Corporation (NYSE: CW) reported financial results for the fourth quarter and full-year ended December 31, 2015.Â
Fourth Quarter 2015 Highlights
Net sales increased 3% to $589 million, from $573 million in 2014; Organic (excluding effects of foreign currency translation, acquisitions and divestitures) sales up 4%;Operating income increased 45% to $109 million, from $75 million in 2014;Operating margin increased 530 basis points to 18.4% from 13.1% in 2014;Net earnings from continuing operations increased 53% to $71 million, or $1.53 per diluted share, from $46 million, or $0.94 per diluted share, in... More