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) has announced the promotion of Kevin M. Rayment to Chief Operating Officer, effective April 1, 2021, succeeding Tom P. Quinly, who will retire after 16 years in the role. Rayment, currently President of the Commercial / Industrial Segment, is credited with significant contributions to the company's strategic growth and financial performance. He has extensive experience in various industries, having joined Curtiss-Wright in 2004. The company expressed gratitude for Quinly's leadership and achievements during his tenure, including operational excellence and margin expansion.
Curtiss-Wright Corporation (NYSE: CW) declared a dividend of $0.17 per share on its Common Stock. This dividend is payable on April 16, 2021 to stockholders of record by March 30, 2021. The company continues to maintain strong relationships within the commercial, industrial, defense, and energy markets, employing approximately 8,200 people globally. This announcement reflects Curtiss-Wright's commitment to returning value to shareholders while ensuring sustained operational reliability.
Curtiss-Wright Corporation (NYSE: CW) and Honeywell (NYSE: HON) have announced that their new 25-hour Cockpit Voice Recorder (CVR) has received EASA Technical Standard Order certification. The Honeywell Connected Recorder-25 (HCR-25) exceeds the upcoming EASA regulation for aircraft over 27,000 kilograms. This innovative recorder enhances flight data collection and accessibility for maintenance and operational insights. Developed for both new and retrofit applications, the HCR-25 is lightweight and features a 90-day underwater locator beacon.
Curtiss-Wright Corporation (NYSE: CW) is set to announce its fourth quarter and full-year 2020 financial results on February 24, 2021, after market close. A conference call will follow on February 25, 2021, at 10:00 am ET, featuring management discussions on performance and future expectations. Key executives, including Executive Chairman David C. Adams and CEO Lynn M. Bamford, will lead the call. Investors can access the financial materials via the company's Investor Relations website.
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.
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