Curtiss-Wright (CW) Tops Q2 EPS by 14c; Bumps Guidance
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Curtiss-Wright Reports Second Quarter 2022 Financial Results and Raises Full-year 2022 Guidance
August 3, 2022 5:25 PM EDTDAVIDSON, N.C.--(BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) reports financial results for the second quarter ended June 30, 2022.
Second Quarter 2022 Highlights:
Reported sales of $609 million, operating income of $98 million, operating margin of 16.1%, and diluted earnings per share (EPS) of $1.83; Adjusted operating margin of 16.1%, up 50 basis points; Adjusted diluted EPS of $1.83, up 18%; New orders of $776 million, up 13%, reflecting strong Aerospace & Defense (A&D) market demand, and book-to-bill of 1.27; Backlog of $2.4 billion, up 9% year-to-date; Reported free cash flow (FCF) of $22 million; and Share repurchases of... More