CW NYSE· Curtiss-Wright Corp
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CW NYSE· Curtiss-Wright Corp
Earnings report Q4 2023

Curtiss-Wright Corporation Reports Strong Revenue Growth in Latest Quarter

Segments of revenue

In the latest quarter, Curtiss-Wright Corporation reported a significant increase in revenue across its segments. Sales for the year ended December 31, 2023, reached $2.85 billion, representing an 11% increase compared to the prior year. The Aerospace & Industrial, Defense Electronics, and Naval & Power segments experienced sales growth of $51 million, $126 million, and $111 million, respectively.


Curtiss-Wright Corporation's strong revenue growth can be attributed to several factors. Firstly, the company benefited from global demand from general industrial customers. Additionally, the long-term trends of electrification, electronification, and the push for zero or low-emissions vehicles have created growth opportunities for Curtiss-Wright's technologies. The company's investments in green technology, advancements in robotics and automation, and new government regulations further contribute to its steady growth prospects.


Despite the overall positive performance, Curtiss-Wright Corporation faced challenges in the form of divestiture-related costs, which impacted operating income growth. However, these costs were offset by organic growth and acquisitions, resulting in a net increase in operating income.


It is worth noting that Curtiss-Wright Corporation's new orders increased by 5% to $3.09 billion, and the backlog grew by 10% to $2.87 billion. These figures indicate a strong demand for the company's products and services.


Curtiss-Wright Corporation delivered a strong performance in the latest quarter, with a significant increase in revenue driven by global demand and growth opportunities in key markets. The company's focus on electrification, electronification, and green technology positions it well for future growth. Despite divestiture-related costs, Curtiss-Wright's operating income increased, demonstrating its ability to overcome challenges. The growth in new orders and backlog further highlight the company's positive outlook. Overall, Curtiss-Wright Corporation's latest financial results reflect a robust and promising performance.

Source documents

Form 10-K  filed on Feb 20, 2024
126 pages scanned

Reference data

Company financials Q4 revenue 786M
Analyst estimates Q4 EPS beat by 8.16%
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