Curtiss-Wright Q2 Profit Surges

Curtiss-Wright Corp. (CW) Tuesday reported second-quarter net income of $61.4 million or $1.49 per share, up from $31.0 million or $0.74 per share last year.

The company reported adjusted earnings of $1.56 per share. Analysts polled by Thomson Reuters expected earnings of $1.54 per share for the quarter. Analysts' estimates typically exclude one-time items.

Total sales for the quarter rose to $621.5 million from $550.0 million last year. Adjusted sales were $609 million, up 14%. Analysts had a consensus revenue estimate of $594.02 million for the quarter.

Moving ahead, the company lifted its full year financial outlook. It now expects adjusted earnings of $7.15 to $7.35 per share, up from prior forecast of $7.10 to $7.30 per share. The company, however, maintained its adjusted sales growth forecast of 7% to 9%. Analysts currently estimate earnings of $7.30 per share on revenue growth of 4.50%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
United Airlines and Archer Aviation Inc. announced plans to launch the first commercial electric air taxi route in Chicago, between O'Hare International Airport or ORD and Vertiport Chicago. As part of their urban air mobility or UAM network buildout, both companies will utilize Archer's electric vertical takeoff and landing or eVTOL aircraft in the new route. Fort Wayne, Indiana-based Perfection Bakeries D/B/A Aunt Millie's is recalling 8 ct. packages of Our Family White Hot Dog Buns citing the possible presence of undeclared sesame, a known allergen, the U.S. Food and Drug Administration said. The product comes in a printed plastic package marked with "Our Family Hot Dog Buns 8 ct." on the top and has a blue twist tie. Parsippany, New Jersey -based Ascend Laboratories LLC. is recalling Dabigatran Etcxilate capsules citing the detection of N-Nitrosodimethylamine or NDMA impurity, a probable human carcinogen, the U.S. Food and Drug Administration said. The product is used as an oral anticoagulant to lower the risk of stroke and blood clots.
Follow RTT