Curtiss-Wright Reports Strong Q4 Earnings, Beating Estimates
DAVIDSON, N.C. (AP) - Curtiss-Wright Corp. (CW) announced net income of $117.9 million for the fourth quarter, surpassing Wall Street expectations.
Earnings per share amounted to $3.09, while adjusted earnings reached $3.27 per share, excluding restructuring and non-recurring costs. Analysts polled by Zacks Investment Research had projected earnings of $3.08 per share.
Revenue for the quarter also exceeded forecasts at $824.3 million, above the consensus estimate of $785.5 million.
For the full year, Curtiss-Wright reported profits of $405 million ($10.55 per share) and revenue of $3.12 billion.
The company estimates full-year earnings between $3.00 to $3.85 per share, with revenue ranging from $3.30 billion to $3.50 billion.