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) 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.
Curtiss-Wright Corporation (NYSE: CW) has secured a contract with Raytheon Technologies to supply its Modular Open Systems Approach (MOSA)-based modules for the NextGen Special Mission Processor (NextGen SMP) utilized in the AC/MC-130J aircraft. This contract highlights Curtiss-Wright's leadership in MOSA technology, which is essential for secure mission processing in special operations. Shipments for this project will commence immediately and are expected to continue through 2032.
Curtiss-Wright Corporation (NYSE: CW) announced contracts worth approximately $100 million to supply pumps for the U.S. Navy's Virginia-class and Columbia-class submarines, as well as the Ford-class aircraft carrier programs. These contracts were awarded by Bechtel Plant Machinery, Inc. and build on previous contracts exceeding $130 million. The work will be done at the company's facility in Cheswick, Pennsylvania, reinforcing its long-standing partnership with the U.S. Nuclear Navy and commitment to advanced technologies.
Curtiss-Wright Corporation (NYSE: CW) announced a $400 million increase in share repurchase authorization, raising the total to $550 million. The company plans to initiate $200 million in buybacks immediately, expected to conclude by year-end. For 2022 and 2023, a minimum of $50 million will be repurchased annually to counteract dilution from compensation plans. Additionally, a dividend of $0.18 per share was declared, payable on October 14, 2021.
Curtiss-Wright Corporation (NYSE: CW) announced participation in the Morgan Stanley Virtual 9th Annual Laguna Conference on September 13, 2021. CEO Lynn M. Bamford and CFO K. Christopher Farkas will engage in a fireside chat at 3:45 pm ET, available via webcast. No formal presentation will be given. A replay of the discussion will be accessible on their website for 30 days post-event. Curtiss-Wright specializes in delivering engineered products and services for the Aerospace and Defense sectors, employing around 8,200 people globally.