- On March 23, the company announced that the United States Marine Corps (USMC) had awarded it a follow-on contract.
- The adjusted sales of Curtiss-Wright amounted to US$ 758 million, reflecting a growth of 16% YoY.
- It is important to do a proper analysis before investing in any asset.
The commercial, defense, and industrial markets are served by the Curtiss-Wright Corporation (NYSE: CW). Also, the CW stock comes among the top industrial stocks in the US.
On March 23, the company announced that the United States Marine Corps (USMC) had awarded it a follow-on contract to support the modernization of communications by supplying some essential parts.
The work will be done by Curtiss-Wright in the Defense Electronics sector of its Defense Solutions division. The company's facility in Oregon will export the goods covered by this agreement to the USMC.
Latest earnings of CW
The adjusted sales of Curtiss-Wright amounted to US$ 758 million, reflecting a growth of 16 per cent year-over-year (YoY) in Q4 2022. Meanwhile, the adjusted operating income increased by 24 per cent YoY to US$ 160 million.
In its financial statement, the company said its adjusted diluted earnings per share were US$ 2.92, up 21 per cent from the fourth quarter of 2021.
In 2022, the company's sales were reported at US$ 2.6 billion, and the operating income was US$ 423 million. Also, the company achieved a diluted EPS of US$ 7.62 and an operating margin of 16.6 per cent.
In 2023, Curtiss-Wright expects its sales to grow by 4 to 6 per cent as it anticipates growth in the Aerospace & Defense segment.
Notably, the company also estimates its operating income to increase between 5 per cent to 8 per cent.
If done properly, investing may be a terrific method to increase your wealth. However, it is important to do a proper analysis before investing in any asset. This includes researching the company or product, analyzing market trends, and understanding the risks associated with each investment. You may make decisions that will help you achieve your financial objectives by conducting the necessary research and analysis.