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) announced the appointment of Robert F. Freda as Treasurer, succeeding Harry S. Jakubowitz, who will retire after 18 years. Freda, with 14 years at Curtiss-Wright, has played a vital role in finance, supporting financial initiatives and acquisition due diligence. His new role involves overseeing treasury and tax functions, reporting to CFO K. Christopher Farkas. The Board expressed gratitude to Jakubowitz for his contributions, particularly in building a strong balance sheet and financing relationships.
Curtiss-Wright Corporation (NYSE: CW) announced participation in the Truist Securities 2020 Industrials and Services Summit. Key executives, including CEO David C. Adams, CFO K. Christopher Farkas, and segment presidents, will attend virtually on December 8, 2020. There will be no formal presentation or webcast, but the latest slide presentation is available in the Investor Relations section on their website. Curtiss-Wright is known for its engineered solutions across commercial, industrial, defense, and energy markets, employing approximately 8,300 globally.
Curtiss-Wright Corporation (NYSE: CW) has declared a dividend of $0.17 per share on its Common Stock. The dividend will be payable on December 3, 2020, to stockholders on record as of November 25, 2020. With approximately 8,300 employees globally, Curtiss-Wright specializes in delivering high-performance products and services across the commercial, industrial, defense, and energy sectors.
Curtiss-Wright Corporation (NYSE: CW) will participate in the Baird 2020 Global Industrial Conference on November 11, 2020. Key executives, including CEO David C. Adams and CFO K. Christopher Farkas, will engage in a fireside chat at 11:25 am ET. No formal presentation is scheduled; however, a simultaneous webcast and presentation slides will be available in the Investor Relations section of Curtiss-Wright’s website. A replay will be accessible for 30 days following the event.
Curtiss-Wright Corporation (NYSE: CW) has successfully acquired Pacific Star Communications, Inc. (PacStar) for $400 million in cash. PacStar specializes in secure tactical communications solutions for military applications. This acquisition will solidify Curtiss-Wright's position as a key supplier in military network communications, supporting U.S. military modernization. PacStar is projected to generate over $120 million in sales for 2020 and to positively impact Curtiss-Wright's earnings and cash flow in the first year of ownership.
Curtiss-Wright Corporation (NYSE: CW) reported its Q3 2020 financial results, highlighting a diluted EPS of $1.55 and adjusted diluted EPS of $1.85. Net sales were $572 million, a 7% decline from the previous year, despite an 11% increase in defense market sales. Operating income fell to $85 million, with a margin of 14.8%. Free cash flow reached $49 million, down 52%. The company narrowed its full-year sales guidance, projecting a decline of 4% to 5%, with adjusted EPS guidance set between $6.70 and $6.85. A $200 million share repurchase authorization was also announced.