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Sep 30, 2024
Curtiss-Wright Q3 2024 Earnings Report
Curtiss-Wright reported strong Q3 2024 results with revenue growth in A&D markets and increased adjusted diluted EPS.
Key Takeaways
Curtiss-Wright reported a 10% increase in sales, reaching $799 million, and an 11% increase in adjusted operating income. The company raised its full-year 2024 guidance for sales, diluted EPS, and free cash flow.
Reported sales increased by 10% to $799 million.
Adjusted operating margin increased by 20 basis points to 18.7%.
New orders totaled $860 million, resulting in a book-to-bill ratio of 1.1x.
Free cash flow was $163 million, representing a 142% adjusted free cash flow conversion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Curtiss-Wright is updating its full-year 2024 adjusted financial guidance with increased expectations for sales, operating income, and diluted EPS, while maintaining the operating margin range.
Positive Outlook
- Total Sales: $3,050 - $3,095 million (Up 7% - 9%)
- Operating Income: $531 - $545 million (Up 7% - 10%)
- Operating Margin: 17.4% - 17.6% (Up 0 - 20 bps)
- Diluted EPS: $10.55 - $10.75 (Up 12% - 15%)
- Free Cash Flow: $430 - $450 million (Up 4% - 9%)
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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