Curtiss-Wright (CW) Misses Q4 EPS by 6c; Guides Below the Street
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Curtiss-Wright Reports Fourth Quarter and Full-Year 2014 Financial Results and Issues 2015 Guidance
February 18, 2015 5:55 PM ESTCHARLOTTE, N.C., Feb. 18, 2015 (GLOBE NEWSWIRE) -- Curtiss-Wright Corporation (NYSE: CW) reported financial results for the fourth quarter and full-year ended December 31, 2014.
Fourth Quarter 2014 Operating Highlights from Continuing Operations
Net sales decreased 3% to $573 million, from $588 million in 2013; Operating income increased 5% to $75 million, from $72 million in 2013; Operating margin increased 90 basis points to 13.1%, from 12.2% in 2013; Net earnings from continuing operations increased 3% to $46 million, or $0.94 per diluted share, from $45 million, or $0.92 per diluted share, in 2013; Free cash flow increased 86% to $166 million, from $89 million... More