Curtiss-Wright (CW) Tops Q2 EPS by 7c, Updates Guidance
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Curtiss-Wright Reports Second Quarter 2016 Financial Results; Maintains Full-Year EPS and Increases Free Cash Flow Guidance
July 27, 2016 4:58 PM EDTCHARLOTTE, N.C.--(BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) reported financial results for the second quarter and six months ended June 30, 2016.
Second Quarter 2016 Highlights
Earnings per diluted share of $0.88, exceeding expectations; Free cash flow increased 49% to $79 million, resulting in free cash flow conversion of 199%, as defined in table below; Net sales of $533 million; Operating income of $68 million; Operating margin of 12.8%, up 80 basis points; Backlog of $2.0 billion increased 6% from December 31, 2015; and Share... More