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Curtiss-Wright (NYSE: CW) announced that its Chair and CEO, Lynn M. Bamford, along with Vice President and CFO, K. Christopher Farkas, will participate in the Wolfe Research 17th Annual Global Transportation & Industrials Conference.
The event includes a fireside chat discussion and a simultaneous webcast on May 22, 2024, at 12:45pm ET. No formal presentations will be held. The webcast and latest slide presentation can be accessed via Curtiss-Wright's Investor Relations section on their website. A replay will be available for 90 days post-event.
Curtiss-Wright (NYSE: CW) announced contracts exceeding $130 million to supply critical components for U.S. Navy's Virginia-class and Columbia-class submarines, and Ford-class aircraft carriers.
The deals include propulsion valves, pumps, and advanced instrumentation. These contracts, awarded by Bechtel Plant Machinery, Inc. (BPMI), support ship construction, spare parts, and submarine back-fit procurements.
Engineering and manufacturing will occur in New York and Pennsylvania facilities and will continue until 2029. Curtiss-Wright's technologies enhance safety, efficiency, and reduce costs for naval operations.
Curtiss-Wright (NYSE: CW) announced a $300 million increase in share repurchase authorization, raising the total to $400 million, along with a 5% dividend increase to $0.21 per share. This decision showcases the company's commitment to providing returns to its shareholders and reflects confidence in its financial strength and ability to generate free cash flow.
Curtiss-Wright (NYSE: CW) reported strong first-quarter 2024 financial results with sales of $713 million, up 13%, operating income of $100 million, up 27%, and diluted EPS of $1.99. The company raised its full-year 2024 guidance, increasing sales growth to 5-7%, operating income to 5-8%, and diluted EPS to $10.10-$10.40, up 8-11%. Curtiss-Wright also maintained its free cash flow range of $415-$435 million.
