Curtiss-Wright Reports Second Quarter 2018 Financial Results; Raises Full-Year Revenue, EPS and Free Cash Flow Guidance
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Curtiss-Wright (CW) Tops Q2 EPS by 52c, Revenues Beat; Boosts FY18 EPS Guidance
July 25, 2018 4:44 PM EDTCurtiss-Wright (NYSE: CW) reported Q2 EPS of $1.80, $0.52 better than the analyst estimate of $1.28. Revenue for the quarter came in at $620 million versus the consensus estimate of $616.3 million.
Second Quarter 2018 Highlights
Reported (GAAP) diluted earnings per share (EPS) of $1.68, with Adjusted (non-GAAP) diluted EPS of $1.80, up 49% compared with the prior year, excluding first year acquisition-related purchase accounting costs;Net sales of $620 million, up 9%, including 4% organic growth (defined below);Reported (GAAP) operating income of $102 million, with Adjusted (non-GAAP) operating income of $109 million, up 28%;Reported (GAAP) operating... More