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 priced a private placement debt offering of $300 million, consisting of $200 million in 4.49% notes due 2032 and $100 million in 4.64% notes due 2034. This move aims to strengthen its balance sheet and enhance flexibility for its capital allocation strategy, which includes reinvestment, strategic acquisitions, and shareholder returns. The offering is expected to close in Q4 2023, pending customary conditions.
Curtiss-Wright Corporation (NYSE: CW) has been awarded a contract by Airbus to supply custom electric actuation technology for the A350F freighter's Main Deck Cargo Door. This collaboration marks Curtiss-Wright's first electromechanical actuation contract with Airbus. The actuation system, featuring rotary and linear actuators, aims to enhance aircraft functionality and fuel efficiency. The A350F is designed to meet ICAO CO2 emissions standards effective in 2027. Manufacturing will occur at Curtiss-Wright's facilities in Shelby, N.C., and Stratford, Ontario.
Curtiss-Wright Corporation (NYSE: CW) will announce its second quarter 2022 financial results on August 3, 2022, after market close. A conference call to discuss the results will occur on August 4, 2022, at 10:00 AM ET, hosted by CEO Lynn M. Bamford and CFO K. Christopher Farkas. Investors can access the press release and the call via Curtiss-Wright’s Investor Relations webpage.
Curtiss-Wright Corporation (NYSE: CW) has successfully acquired Safran Aerosystems Arresting Company for
Curtiss-Wright Corporation (NYSE: CW) announced that CEO Lynn M. Bamford and CFO K. Christopher Farkas will participate in the Stifel 2022 Cross Sector Insight Conference. The event is scheduled for June 8, 2022, at 9:10 am ET, featuring a fireside chat format without a formal presentation. Interested parties can access the webcast via the company's Investor Relations website, with a replay available for 90 days post-event.
Curtiss-Wright, focusing on Aerospace & Defense, employs 7,800 skilled workers and emphasizes engineered solutions for critical markets.
Curtiss-Wright Corporation (NYSE: CW) has announced a new credit agreement with eight banks, increasing its revolving credit facility to $750 million and expanding the accordion feature by $250 million. The five-year term will mature in May 2027, replacing the previous facility set to expire in October 2023. This funding aims to enhance financial flexibility for general corporate purposes, including acquisitions and growth initiatives, supporting the company’s Pivot to Growth strategy.
Curtiss-Wright Corporation (NYSE: CW) has announced a 6% increase in its quarterly dividend to $0.19 per share, payable on July 1, 2022, to stockholders of record by June 17, 2022. This decision reflects the Board's confidence in the company's strong financial position and commitment to returning value to shareholders. CEO Lynn M. Bamford highlighted the company's disciplined capital allocation strategy, which includes strategic acquisitions and organic growth investments, reinforcing their aim of aligning dividend increases with long-term sales growth.
Curtiss-Wright Corporation (NYSE: CW) announced that Lynn M. Bamford has succeeded David C. Adams as Chair of the Board of Directors effective May 5, 2022. Adams retires as Executive Chairman but remains on the Board. Bamford emphasized the company's commitment to its 'Pivot to Growth' strategy, aiming to enhance revenue and shareholder value. She acknowledged Adams' 22 years of service, highlighting his contribution to achieving top-quartile financial performance and shareholder value.
Curtiss-Wright Corporation (NYSE: CW) reported Q1 2022 sales of $559 million, reflecting a 6% decline year-over-year. Diluted EPS was $1.05, with adjusted EPS at $1.31. New orders increased by 12% to $634 million, bolstered by strong demand in Aerospace & Defense and Commercial sectors. However, operating income fell by 29% to $61 million, with an operating margin of 10.8%. Management maintains full-year sales growth guidance of 3% to 5%, alongside a 10% to 12% increase in adjusted EPS. Share repurchases totaled $12 million and a quarterly dividend of $0.18 was declared.
Curtiss-Wright Corporation (NYSE: CW) has secured a $25 million contract from Rheinmetall BAE Systems Land (RBSL) to supply turret drive stabilization technology for the British Army's Challenger 3 Main Battle Tank. This contract highlights Curtiss-Wright's leadership in defense technology, as their Turret Drive Servo System (TDSS) enhances accuracy and stabilization while moving at full speed. The upgrade aims to improve the tank’s capabilities with advanced lethality, survivability, and surveillance features, demonstrating a long-term partnership with RBSL.
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