Curtiss-Wright Raises Full-Year Guidance

(RTTNews) - Curtiss-Wright Corp. (CW) increased 2017 EPS guidance by $0.20 to a new range of $4.65 to $4.75, representing double-digit growth of 11% to 13%, due to strong operational performance as well as a lower tax rate. The company also increased sales guidance by $25 million to a new range of $2.21 to $2.25 billion, due to improved outlook in general industrial and defense markets. Free cash flow guidance was raised by $10 million to a new range of $270 to $290 million.

Third-quarter earnings per share was $1.43, including $0.09 resulting from a lower tax rate, up 40% compared with the prior year. Net sales were $568 million, up 12%, including 8% organic growth, with higher sales in all end markets.