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Dec 31, 2022
Curtiss-Wright Q4 2022 Earnings Report
Curtiss-Wright reported record financial performance driven by double-digit organic sales growth and a strong performance from the acquisition of engineered arresting systems business.
Key Takeaways
Curtiss-Wright Corporation reported strong Q4 2022 financial results with adjusted sales of $758 million, up 16% year-over-year. The corporation's adjusted operating income was $160 million, up 24%, and adjusted diluted EPS was $2.92, up 21%. The corporation's new orders were $714 million, up 5% reflecting solid demand in Aerospace & Defense (A&D) and Commercial markets. Adjusted FCF was $299 million, with 265% FCF conversion.
Reported sales of $758 million, operating income of $157 million, operating margin of 20.8%, diluted earnings per share (EPS) of $2.82, and free cash flow (FCF) of $283 million.
Adjusted sales of $758 million, up 16% year-over-year.
Adjusted operating income of $160 million, up 24%.
New orders of $714 million, up 5%, reflecting solid demand in Aerospace & Defense (A&D) and Commercial markets.
Revenue by Segment
Forward Guidance
The Company's full-year 2023 Adjusted financial guidance is as follows: Total Sales $2,655 - $2,710, Operating Income $463 - $477, Operating Margin 17.4% - 17.6%, Diluted EPS $8.65 - $8.90, Free Cash Flow $360 - $400.
Positive Outlook
- Total Sales $2,655 - $2,710
- Operating Income $463 - $477
- Operating Margin 17.4% - 17.6%
- Diluted EPS $8.65 - $8.90
- Free Cash Flow $360 - $400
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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