CW Earnings Prediction
The chart below shows how CW performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CW sees a -0.19% change in stock price 10 days leading up to the earnings, and a +4.87% change 10 days following the report. On the earnings day itself, the stock moves by -0.18%. This data can give you a slight idea of what to expect for the next quarter's release.
CW Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
798.92M
10.30%
1.80%
Gross Margin
37.33%
-3.94%
2.61%
Operating Margin
18.55%
1.37%
9.31%
Net Margin
13.91%
4.12%
9.79%
EPS
2.89
15.14%
12.02%
No Data Available
CW Earnings Analysis
Curtiss-Wright Corp. Corporation (CW.N) Earnings Conference Call
Positive
Sales Growth Performance: Sales increased 10% year-over-year to nearly $800 million, driven by strong performance in Defense Electronics and Naval & Power segments.
Operating Income Expansion: Operating income increased 11% year-over-year, resulting in a 20 basis points overall operating margin expansion to 18.7%.
Earnings Per Share Growth: Diluted earnings per share increased 17% year-over-year, primarily driven by higher Aerospace & Defense sales.
Free Cash Flow Increase: Free cash flow was $163 million, up 19% year-over-year, reflecting more than 140% conversion due to improved operational performance and lower working capital.
Record Backlog Growth: Year-to-date backlog is up 16% and reached a new record of $3.3 billion, providing confidence for long-term growth.
Negative
Revenue Decline Anticipated: 1. Sequential Revenue Decline Expected: The Defense Electronics segment anticipates a sequential decline in revenues in Q4 due to the pull-forward of work into Q3, which is unusual for the segment.
Industrial Market Decline: 2. General Industrial Market Weakness: The full-year outlook for the general industrial market has been reduced, now expecting a decline of 2% to 4% due to lower global off-highway vehicle sales.
Process Market Sales Outlook: 3. Flat Sales in Process Market: The outlook for the process market has been slightly reduced, now anticipating flat sales for the full year, including expectations for lower capital project revenues.
Margin Pressures on Profitability: 4. Margin Pressures from Development Programs: The Naval & Power segment's profitability is expected to face margin pressures due to an increased concentration of customer-funded development programs, impacting overall operating income growth.
Impact of Continuing Resolutions: 5. Potential Impact of Continuing Resolutions: While not currently feeling the impact of the ongoing Continuing Resolutions (CR), a prolonged CR could lead to significant revenue losses due to the lack of new program starts, which historically has affected revenue streams.
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CW Earning Call Sentiment
Curtiss-Wright Corporation (CW) Q3 2024 Earnings Call Transcript
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CW.N
-2.49%Positive
Curtiss-Wright's earnings call reveals strong financial performance with a 10% sales increase and 17% EPS growth. The company has a robust order backlog and plans significant share repurchases. While facing challenges in the industrial market and acquisition risks, positive guidance in defense and nuclear sectors, along with strategic partnerships like Amazon, suggest growth potential. The Q&A reflects confidence in market positioning and resilience against economic factors. Overall, the positive financial metrics and strategic initiatives outweigh the concerns, supporting a stock price increase prediction.
