Curtiss-Wright (CW) Tops Q4 EPS by 15c, FY EPS Guidance Beats
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Curtiss-Wright Reports Fourth Quarter and Full-Year 2018 Financial Results; Full-Year 2019 Guidance Reflects Higher Sales, Operating Margin, EPS and Free Cash Flow
February 26, 2019 4:51 PM ESTDAVIDSON, N.C.--(BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) reports financial results for the fourth quarter and full-year ended December 31, 2018.
Fourth Quarter 2018 Highlights
Reported diluted earnings per share (EPS) of $1.89, with Adjusted diluted EPS of $1.90, up 25% compared with the prior year (defined below); Free cash flow of $214 million, up 3%; Net sales of $649 million, up 6%, including 3% organic growth (defined below); Reported and Adjusted operating income of $110 million, up 4% and 5%, respectively; Reported and Adjusted operating margin of 17.0%, down 20 basis points;... More