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 reported strong financial results for Q4 and full-year 2021, achieving record metrics. Q4 sales reached $667 million, with diluted EPS of $1.94 and adjusted EPS of $2.40, representing a 6% increase. Full-year sales were $2.5 billion, a 7% growth, with an adjusted operating margin of 17%, up 70 basis points. New orders totaled $676 million, up 19%. The company also completed $350 million in annual share repurchases. For 2022, guidance suggests total sales growth of 3% to 5% and adjusted EPS growth of 10% to 12%.
Curtiss-Wright Corporation (NYSE: CW) has declared a dividend of $0.18 per share on its common stock, set to be paid on April 14, 2022. The record date for stockholders is March 31, 2022. This decision reflects the company's commitment to returning value to its shareholders. Curtiss-Wright operates in the Aerospace, Defense, and Commercial markets, employing approximately 8,200 individuals globally. For more details, visit www.curtisswright.com.
Curtiss-Wright Corporation (NYSE: CW) has partnered with Teledyne FLIR Defense to enhance unmanned systems for the U.S. nuclear power market and the Department of Energy. This collaboration aims to modernize plant systems, improve worker safety, and lower operational costs through advanced technologies such as drones and robotics. With a long history in the nuclear sector, Curtiss-Wright's products are installed in all North American nuclear facilities. Teledyne FLIR brings extensive experience in unmanned systems, having delivered over 20,000 platforms globally, reinforcing this partnership's potential impact.
Curtiss-Wright Corporation has announced an agreement to acquire the Safran Aerosystems Arresting Company (SAA) for $240 million. SAA, a leader in aircraft arresting systems with over 5,000 installations across more than 70 countries, generated approximately $70 million in sales in 2021. The acquisition is anticipated to enhance Curtiss-Wright's defense portfolio and will be accretive to earnings in its first year. The deal is expected to close in Q3 2022, pending regulatory approval.
Curtiss-Wright Corporation (NYSE: CW) will announce its Q4 and full-year 2021 financial results on February 23, 2022, after market close. A conference call is scheduled for February 24, 2022, at 10:00 AM ET, hosted by CEO Lynn M. Bamford and CFO K. Christopher Farkas. Investors can access the financial press release and webcast via the company’s Investor Relations page. Replay options will be available for those who cannot attend live. The company, known for its innovative products in Aerospace, Defense, and Commercial markets, employs approximately 8,200 individuals globally.
Curtiss-Wright Corporation (NYSE: CW) announced the participation of CEO Lynn M. Bamford and CFO K. Christopher Farkas in the 3rd Annual Truist Securities Industrials and Services Summit on December 7, 2021. The event will be virtual, and no formal presentation or webcast will take place. However, the latest slide presentation can be accessed in the Investor Relations section of Curtiss-Wright's website. Curtiss-Wright is a global innovator in critical function products and services for Aerospace, Defense, and Commercial markets, employing around 8,200 people worldwide.
Curtiss-Wright Corporation (NYSE: CW) announced a significant expansion of its share repurchase program, now totaling $350 million for 2021, marking the highest annual commitment in company history. The new $100 million buyback, set to complete by year-end, complements a $50 million program already underway. Additionally, the Board declared a dividend of $0.18 per share, payable on December 2, 2021. These initiatives reflect the company's robust financial position and commitment to returning capital to shareholders.
Curtiss-Wright Corporation (NYSE: CW) announced that CEO Lynn M. Bamford and CFO K. Christopher Farkas will participate in the Baird 2021 Global Industrial Conference on November 10-11, 2021. A fireside chat and webcast are scheduled for November 11 at 8:30 am ET. No formal presentation will occur at the event. For more details, including a link to the webcast and a slide presentation, visit www.curtisswright.com.
Curtiss-Wright specializes in providing engineered solutions across Aerospace, Defense, and Commercial markets, employing around 8,200 people globally.
Curtiss-Wright Corporation (NYSE: CW) reported strong Q3 2021 results with sales of $621 million, operating income of $98 million, and adjusted diluted EPS of $1.88, a 6% increase year-over-year. Free cash flow reached $97 million, showing a 76% rise. The company authorized an additional $400 million for share repurchases, bringing total authorization to $550 million. New orders were up 13% to $617 million, with backlog at $2.2 billion, demonstrating solid demand in Aerospace & Defense and commercial markets. Adjusted EPS guidance for 2021 was raised to $7.20-$7.35.
Curtiss-Wright Corporation (NYSE: CW) will announce its third quarter 2021 financial results on November 3, 2021, post-market. A conference call to discuss these results, hosted by CEO Lynn M. Bamford and CFO K. Christopher Farkas, is scheduled for November 4, 2021, at 10:00 am ET. Interested parties can access the call via a dial-in service or through a webcast available on the company's website. A replay will be accessible for 90 days following the presentation.