Curtiss-Wright (CW) Tops Q4 EPS by 6c

Curtiss-Wright (NYSE: CW) reported Q4 EPS of $1.52, $0.06 better than the analyst estimate of $1.46. Revenue for the quarter came in at $612 million versus the consensus estimate of $587.69 million.

Full-Year 2018 Business Outlook

• Expect higher sales (+3-5%), operating income (+9-12%), operating margin (+90-110 basis points) and diluted earnings per share (+18-21%);
• Anticipate higher sales in all end markets;
• Adjusted free cash flow (which excludes a $50 million voluntary pension contribution) to range from $280 to 300 million; and
• Announced acquisition of Dresser-Rand government business expected to provide solid increase to sales and would be accretive to EPS, excluding purchase accounting.

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

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