Curtiss-Wright (CW) Tops Q1 EPS by 5c

Curtiss-Wright (NYSE: CW) reported Q1 EPS of $1.34, $0.05 better than the analyst estimate of $1.29. Revenue for the quarter came in at $601 million versus the consensus estimate of $581.15 million.

Full-Year 2020 Guidance Update:

Due to the ongoing uncertainty of the COVID-19 situation and its potential impact on the Company’s operations and financial results, Curtiss-Wright’s previously communicated guidance for full-year 2020 has been suspended.

Mr. Adams concluded, “We are confident that the decisions we are making today will position Curtiss-Wright to weather the challenging environment before us and enable us to emerge an even stronger company when the pandemic subsides. Consistent with how we have always run the business, we are approaching these uncertain times proactively and remain focused on executing on our long-term strategy to deliver significant value for our shareholders.”

For earnings history and earnings-related data on Curtiss-Wright (CW) click here.

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