Curtiss-Wright (CW) Tops Q1 EPS by 5c, FY EPS Guidance Tops Views
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Curtiss-Wright Reports First Quarter 2017 Financial Results; Raises Full-Year EPS Guidance
May 3, 2017 4:19 PM EDTCHARLOTTE, N.C.--(BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) reported financial results for the first quarter ended March 31, 2017.
First Quarter 2017 Highlights
Diluted earnings per share (EPS) of $0.73, ahead of expectations; EPS included a discrete tax benefit of $0.09, as defined herein; Net sales of $524 million, up 4%, including 3% organic growth; Operating income of $51 million; Operating margin of 9.8%, including 110 basis point dilution from acquisitions; New orders of $644 million, up 2%, driving book-to-bill to 1.23; Backlog of $2.1 billion increased 7% from December 31, 2016; and... More