Curtiss-Wright (CW) Tops Q3 EPS by 16c; Offers FY23 Guidance
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Curtiss-Wright Reports Third Quarter 2023 Financial Results and Raises Full-Year 2023 Guidance
November 1, 2023 4:30 PM EDTDAVIDSON, N.C.--(BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) reports financial results for the third quarter ended September 30, 2023.
Third Quarter 2023 Highlights:
Reported sales of $724 million, up 15%; Reported operating income of $133 million, operating margin of 18.3%, and diluted earnings per share (EPS) of $2.51; Adjusted operating income of $134 million, up 17%; Adjusted operating margin of 18.5%, up 30 basis points; Adjusted diluted EPS of $2.54, up 23%; New orders of $846 million, up 3%, reflecting solid Aerospace & Defense (A&D) and Commercial market demand, and book-to-bill of 1.2; Backlog of $2.9 billion, up 12% year-to-date;... More