Curtiss-Wright (CW) Tops Q3 EPS by 2c; Maintains Outlook
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Curtiss-Wright Reports Third Quarter 2016 Financial Results; Maintains Full-Year EPS And Increases Operating Margin Guidance
October 26, 2016 4:16 PM EDTCHARLOTTE, N.C.--(BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) reported financial results for the third quarter and nine months ended September 30, 2016.
Third Quarter 2016 Highlights
Earnings per diluted share of $1.02, exceeding expectations; Free cash flow of $100 million, resulting in free cash flow conversion of 218%, as defined herein; Net sales of $507 million; Operating income of $77 million; Operating margin of 15.1%, up 300 basis points as compared with the prior period; Backlog of $2.0 billion increased 6% from December 31, 2015; and... More