Q4 2024 Curtiss-Wright Corp Earnings Call Transcript

Feb 13, 2025 / 04:00PM GMT

Release Date Price: $337.95 (-1.17%)

Transcript 10-K8-K

Key Points

Positve

Curtiss-Wright Corp (CW) achieved record financial results in 2024, with double-digit growth in sales and operating income.
The company reported a strong free cash flow of $278 million in Q4 2024, reflecting a 223% conversion rate.
Curtiss-Wright Corp (CW) experienced a 37% year-over-year growth in its order book in Q4 2024, driven by strong demand in A&D markets and commercial nuclear.
The company successfully integrated two new acquisitions in 2024, expanding its commercial nuclear portfolio and enhancing its global footprint.
Curtiss-Wright Corp (CW) increased its dividend for the eighth consecutive year and repurchased $250 million in stock in 2024.

Negative

Operating income was flat in Q4 2024, despite a 5% increase in sales.
The company's general industrial market faced challenges with lower global off-highway and specialty industrial vehicle sales.
Curtiss-Wright Corp (CW) experienced under absorption and timing issues in its defense electronics segment, impacting profitability.
The naval and power segment's profitability was affected by unfavorable mix across defense and process markets.
The company anticipates potential challenges from tariffs and geopolitical uncertainties, which could impact future operations.

Operator

Welcome to the Curtiss-Wright, fourth quarter and full year 2024 earnings conference call. (Operator Instructions)

I would like to turn the call over to Mr. Jim Ryan, Vice President of Investor Relations.

Jim Ryan

Curtiss-Wright Corp - Vice President - Investor Relations

Thank you, Shana. And good morning everyone. Welcome to Curtis Wright's fourth quarter and full year 2024 earnings conference call. Joining me on the call today are Chair and Chief Executive Officer, Lynn Bamford; and Vice President and Chief Financial Officer, Chris Farkas. Her call today is being webcast and the press release as well as a copy of today's financial presentation is available for download through the investor releases section of our company website at curtiswright.com. Also, a replay of this webcast will be available on the website.

Please note today's discussion will include certain projections and statements that are forward-looking as defined in the Private Securities Litigation Reform Act of 1,995. These statements are based on management's current

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.