Curtiss-Wright (CW) Tops Q1 EPS by 5c
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Curtiss-Wright Reports First Quarter 2016 Financial Results; Raises Full-Year Free Cash Flow Guidance
May 4, 2016 4:17 PM EDTCHARLOTTE, N.C., May 04, 2016 (GLOBE NEWSWIRE) -- Curtiss-Wright Corporation (NYSE: CW) reported financial results for the first quarter ended March 31, 2016.Â
First Quarter 2016 Highlights
Increase free cash flow guidance range to $290 million to $310 million and maintain full-year 2016 expectations for diluted earnings per share (EPS) of $4.00 to $4.15;Net sales of $504 million;Operating income of $57 million driving operating margin of 11.4%;Earnings per diluted share of $0.73, ahead of expectations;Free cash flow increased 275% to $61 million, free cash flow conversion of 187%;Backlog of $2.1 billion increased 7% from December... More