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Jun 30, 2024
Curtiss-Wright Q2 2024 Earnings Report
Curtiss-Wright reported strong second quarter results with revenue growth in A&D markets and increased full-year adjusted guidance.
Key Takeaways
Curtiss-Wright reported an 11% increase in sales to $785 million, driven by strong growth in Aerospace & Defense markets. The company's adjusted EPS rose by 24%, and new orders increased by 18%, resulting in a book-to-bill ratio of 1.3x. Based on these results, Curtiss-Wright raised its full-year adjusted guidance for sales, operating income, diluted EPS, and free cash flow.
Sales increased by 11% to $785 million.
Adjusted operating margin increased by 60 basis points to 17.0%.
New orders increased by 18% to $995 million, with a book-to-bill ratio of 1.3x.
Full-year adjusted guidance was raised for sales, operating income, diluted EPS, and free cash flow.
Revenue by Segment
Forward Guidance
The company is updating its full-year 2024 Adjusted financial guidance.
Positive Outlook
- Total Sales increased to a range of $3,010 - $3,060 million, up 6% - 8%.
- Operating Income increased to a range of $525 - $539 million, up 6% - 9%.
- Operating Margin maintained at a range of 17.4% - 17.6%, up 0 - 20 bps.
- Diluted EPS increased to a range of $10.40 - $10.65, up 11% - 14%.
- Free Cash Flow increased to a range of $425 - $445 million, up 3% - 8%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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