Welcome to our dedicated page for Curtiss Wright news (Ticker: CW), a resource for investors and traders seeking the latest updates and insights on Curtiss Wright stock.
Curtiss-Wright Corporation provides highly engineered products, solutions and services for Aerospace & Defense markets and critical technologies for commercial nuclear power, process and industrial markets. Company news commonly covers quarterly results and guidance, orders and sales trends in defense, commercial aerospace, naval defense, commercial nuclear, process and general industrial applications.
Updates also include program awards and technology milestones, such as mission computer systems for military aircraft, actuation equipment, sensors, surface treatment services, industrial valves, off-highway vehicle products, and reactor-related systems. Capital-return announcements cover common-stock dividends, share repurchase authorizations and Rule 10b5-1 repurchase plans.
Curtiss-Wright Corporation (NYSE: CW) has declared a dividend of $0.19 per share, with payment scheduled for December 1, 2022. Shareholders on record as of November 23, 2022 will receive this dividend. The company operates in Aerospace & Defense markets, providing engineered products and services, supported by a skilled workforce of 8,000 employees. This announcement reflects Curtiss-Wright's ongoing commitment to return value to its shareholders.
Curtiss-Wright Corporation (NYSE: CW) has acquired Keronite Group Limited for $35 million in cash. Keronite specializes in Plasma Electrolytic Oxidation (PEO) surface treatments that enhance performance characteristics of lightweight metals. The acquisition is projected to generate approximately $9 million in sales for 2022 and is expected to be neutral to CW's adjusted diluted earnings per share in its first full year. The integration aligns with CW’s strategic priorities and aims to leverage existing customer relationships for long-term growth.
Curtiss-Wright Corporation (CW) reported third quarter 2022 financial results with sales of $631 million and diluted EPS of $1.91. Adjusted operating income rose by 6% to $114 million, with an operating margin of 18.2%. New orders surged 32% year-over-year to $818 million, boosting backlog to $2.6 billion. However, full-year sales growth guidance was revised down to 2%-4% from 4%-6%, and adjusted free cash flow guidance decreased to $275-$315 million due to supply chain disruptions.
Curtiss-Wright Corporation (NYSE: CW) has been awarded a contract worth approximately $19 million by Global Air Navigation Services to supply aircraft arresting systems to the United Arab Emirates Ministry of Defense. This contract underscores Curtiss-Wright's reputation as a leading supplier in military aircraft safety solutions. The work will be conducted within the company's EMS division, utilizing expertise from its U.S. and France facilities. This contract enhances airbase safety and strengthens existing partnerships.
Curtiss-Wright Corporation (NYSE: CW) has successfully completed a private placement debt offering of $300 million. This includes $200 million in 4.49% senior notes due 2032 and $100 million in 4.64% senior notes due 2034. The net proceeds will be used for general corporate purposes, including reducing debt and potential acquisitions. CEO Lynn M. Bamford indicated that this financing enhances the company's balance sheet and supports long-term profitable growth.
Curtiss-Wright Corporation (NYSE: CW) announced that CEO Lynn M. Bamford and CFO K. Christopher Farkas will participate in the Baird 2022 Global Industrial Conference. The event will include a fireside chat on November 10, 2022, at 7:55 am CT (8:55 am ET), with no formal presentation scheduled. Investors can access a webcast and the latest slide presentation through the company's Investor Relations page. The discussion will be available for replay for 90 days after the event.
Curtiss-Wright Corporation (NYSE:CW) will announce its third quarter 2022 financial results on November 2, 2022, post-market close. A conference call, hosted by CEO Lynn M. Bamford and CFO K. Christopher Farkas, is scheduled for November 3, 2022, at 10:00 am ET. Investors can access the press release and webcast through the Investor Relations section of their website. The company specializes in providing engineered products and services primarily for Aerospace & Defense sectors.
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Curtiss-Wright Corporation (NYSE: CW) announced a dividend of $0.19 per share, payable on October 13, 2022, to shareholders on record as of September 30, 2022. This decision reflects the company's confidence in its long-term financial health.
Curtiss-Wright operates primarily in the Aerospace & Defense sector, leveraging a skilled workforce of 8,000 employees to develop innovative solutions. The company's commitment to engineering excellence is rooted in its historical legacy.
Curtiss-Wright Corporation (NYSE: CW) has secured contracts worth approximately $120 million to supply generators for the U.S. Navy’s Columbia-class submarine program, which is critical to national defense. The lead submarine is expected to be delivered in 2027. This contract reflects the company's continued commitment to the U.S. Navy, showcasing their expertise over 60 years in providing high-performance products for naval platforms. The work will be carried out at the company’s facility in Cheswick, Pennsylvania.