Curtiss-Wright Corp. (CW) Tops Q2 EPS by 16c

Curtiss-Wright Corp. (NYSE: CW) reported Q2 EPS of $0.93, $0.16 better than the analyst estimate of $0.77. Revenue for the quarter came in at $652 million versus the consensus estimate of $647.6 million.

We are pleased with our solid second quarter results, which were led by strong organic operating income growth in our commercial businesses and continued dedication to improving profitability as we execute our strategy," said David C. Adams, President and CEO of Curtiss-Wright Corporation.

"Higher sales volumes, lower costs associated with our new organizational realignment, ongoing margin improvement initiatives, and our recent divestiture activity all contributed to increased profitability.

"Based on the solid first half results, we raised our full-year 2014 guidance. Overall, we remain focused on continuing to expand operating margins, generating strong free cash flow and maintaining a balanced capital allocation strategy in order to drive shareholder value."

For earnings history and earnings-related data on Curtiss-Wright Corp. (CW) click here.

You May Also Be Interested In

• MillerKnoll, Inc. (MLKN) Tops Q1 EPS by 18c ; Offers Guidance
• Goldman: 'Our key conclusion is that AI is likely to be credit-positive for banks', 'Rearming Our Overweight Stance on Banks'
• CRH plc (CRH) PT Lowered to $135 at UBS, Buy Rating Maintained