Curtiss-Wright Q4 2024 Earnings Report

Key Takeaways

Curtiss-Wright reported solid Q4 performance with 5% revenue growth, a slight decline in net income, and record new orders driven by strong demand in Aerospace & Defense.

Total Revenue

$824M

Previous year: $786M

+4.9%

EPS

$3.27

Previous year: $3.16

+3.5%

Operating Margin

18.8%

Previous year: 20.4%

-7.8%

Adjusted Operating Margin

19.8%

Previous year: 20.8%

-4.8%

Book-to-Bill Ratio

1.1

Cash and Equivalents

$385M

Previous year: $407M

-5.4%

Free Cash Flow

$278M

Previous year: $270M

+3.1%

Curtiss-Wright Revenue

Curtiss-Wright EPS

Curtiss-Wright Revenue by Segment

Forward Guidance

Curtiss-Wright expects continued revenue growth of 7-8% in 2025, driven by strong demand in defense and commercial nuclear markets, alongside operating margin expansion and double-digit EPS growth.

Positive Outlook

Expected 7-8% revenue growth in 2025.
Operating margin expansion of 40-60 basis points.
Double-digit EPS growth projected at 11-14%.
Strong backlog of $3.4 billion provides revenue visibility.
Continued investments in R&D and capacity expansion.

Challenges Ahead

Higher R&D expenses could impact short-term margins.
Potential supply chain disruptions in the defense sector.
Unfavorable mix in Defense Electronics segment weighing on margins.
Lower industrial valve sales in commercial markets.
Market uncertainties in general industrial demand.