logo
Plus   Neg
Share
Email

Curtiss-Wright Raises 2019 Outlook - Quick Facts

Curtiss-Wright Corp. (CW) said it has delivered a strong start to the year, resulting in an increase to full-year guidance for sales, operating income, operating margin, diluted EPS and free cash flow. The company delivered 6% top-line growth driven by strong defense market sales, as well as improved profitability led by a strong performance in the Power segment. The company's results also reflected solid new order growth of 23%, primarily based on the timing of naval defense orders.

For 2019, the company raised adjusted EPS guidance by $0.20 to new range of $7.00 to $7.15. Sales guidance was increased to new range of 4-6% growth (previously up 3-5%). Analysts polled by Thomson Reuters expect the company to report profit per share of $6.86. Analysts' estimates typically exclude special items.

For the first-quarter, adjusted EPS was $1.30, up 33% from a year ago. On average, 8 analysts polled by Thomson Reuters expected the company to report profit per share of $1.16 for the quarter.

First-quarter net sales were $578 million, up 6% from prior year. Analysts expected revenue of $577.41 million for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Krispy Kreme Doughnuts is giving a dozen of its Original Glazed Doughnuts for just $1 as part of its annual 'Day of the Dozens' offer. The offer is available on Thursday, December 12, and is a play on the date, 12/12. To get the deal, customers have to purchase a dozen doughnuts at the store's retail price. Customers can buy doughnuts of any flavor they like to qualify for the deal. Home Depot has blamed the nation's opioid crisis for the recent surge in theft at its stores, reports said. The home improvement retailer made the claim at an analyst and investor conference on Wednesday saying it expects the theft, which retailers call shrink, to narrow its operating margin for the next year. The opioid crisis in the U.S. is growing at an alarming rate. Amazon said that Prime members in select areas can shop a number of items until Christmas Eve and receive them on the same day itself with Prime free same-day delivery and free two-hour delivery. The option is available through Amazon Fresh and Whole Foods Market. In addition to groceries, Prime members in select cities can shop Amazon Fresh for tens of thousands of items.
Follow RTT
>