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 (NYSE: CW) is a diversified, multinational provider of highly engineered, technologically advanced products and services. Founded through the merger of companies established by the Wright brothers and Glenn Curtiss in 1929, Curtiss-Wright has evolved from being the largest aircraft company of its time to a global leader in innovative solutions for various industries.
Today, Curtiss-Wright operates in multiple sectors, including commercial, industrial, defense, and energy markets. The company designs and manufactures advanced technologies that perform critical functions under demanding conditions. Their range of products includes industrial vehicle components, control systems, weapons handling systems, pumps, valves, and other sophisticated solutions.
Curtiss-Wright is structured into three main operating segments:
- Naval & Power: This segment provides essential products such as coolant pumps, power-dense compact motors, generators, secondary propulsion systems, valves, and control rod drive mechanisms. It represents a significant portion of the company's revenue.
- Aerospace & Industrial: This division caters to the aerospace and various industrial markets, offering high-performance platforms that demand technical excellence.
- Defense Electronics: This segment focuses on advanced electronic solutions for defense applications, ensuring reliability and performance in critical scenarios.
With operations in the United States, the United Kingdom, Canada, and several other international locations, Curtiss-Wright is well-positioned to serve a global clientele. The company's dedication to innovation and quality has cemented its reputation as a key player in its industry.
Recent achievements and ongoing projects highlight Curtiss-Wright's commitment to excellence. The company continues to secure significant contracts and develop cutting-edge technologies that drive its growth and maintain its competitive edge. Financially, Curtiss-Wright remains robust, consistently delivering solid performance and value to its shareholders.
For investors seeking the latest updates and relevant information about Curtiss-Wright's stock performance, events, and developments, keeping an eye on their latest news and announcements is essential.
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
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.
Curtiss-Wright Corporation (NYSE: CW) announced participation in the Gabelli 27th Annual Aerospace and Defense Symposium on September 9, 2021. CEO Lynn M. Bamford and CFO K. Christopher Farkas will engage in a fireside chat at 1:45 pm ET, which will be available via webcast. Notably, there will be no formal presentation. Investors can access the webcast and related materials on the company's website, with a replay available for 30 days after the event.
Curtiss-Wright is a global leader in engineered products and services for Aerospace, Defense, and Commercial markets, employing around 8,200 personnel.
Curtiss-Wright Corporation (NYSE: CW) reported strong Q2 2021 results with sales of $621 million, up 13% year-over-year. Adjusted sales reached $609 million, reflecting a 14% increase, while diluted EPS rose by 22% to $1.56. The company benefited from solid demand in its Aerospace & Industrial and Naval & Power segments, leading to an increase in new orders of $679 million, up 11%. Full-year guidance was raised, indicating projected sales growth of 7%-9% and adjusted EPS between $7.15 and $7.35, showcasing a focus on operational excellence and strategic investments.
Curtiss-Wright Corporation (NYSE:CW) has been chosen to develop the Reactivity Control and Shutdown System for X-energy's Xe-100 Generation IV High-Temperature Gas-cooled Reactor. This selection highlights Curtiss-Wright's expertise in nuclear technology. The Xe-100 is part of the U.S. Department of Energy's $3.2 billion Advanced Reactor Demonstration Program, aiming for operational reactors in seven years. The Xe-100 is versatile for electricity and industrial applications, enhancing safety and affordability in advanced reactors.
Curtiss-Wright Corporation (NYSE: CW) will release its second quarter 2021 financial results on August 3, 2021, after market close. The earnings conference call is scheduled for August 4, 2021, at 10:00 am ET, hosted by President and CEO Lynn M. Bamford, along with CFO K. Christopher Farkas. This announcement changes the previous schedule, which had the earnings release on August 4 and a call on August 5. The financial press release and related materials will be available on the company's Investor Relations website.
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