Curtiss-Wright (CW) Tops Q4 EPS by 4c, Offers Guidance
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Curtiss-Wright Reports Fourth Quarter and Full-Year 2019 Financial Results; Issues Initial Full-Year 2020 Guidance
February 26, 2020 5:37 PM ESTDAVIDSON, N.C.--(BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) reports financial results for the fourth quarter and full-year ended December 31, 2019.
Fourth Quarter 2019 Highlights:
Reported diluted earnings per share (EPS) of $2.08, with Adjusted diluted EPS of $2.12 (defined below), up 10% and 12%, respectively, compared to the prior year; Reported free cash flow of $243 million, with Adjusted free cash flow of $248 million and an Adjusted free cash flow conversion of 277%; Net sales of $656 million, up 1%; Reported operating income of $121 million, up 10%, with Reported operating margin of 18.4%, up 140... More