Latest news with #Curtiss-Wright
Business Wire
6 days ago
- Business
- Business Wire
Curtiss-Wright Reports Second Quarter 2025 Financial Results and Raises Full-Year 2025 Guidance
DAVIDSON, N.C.--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE: CW) reports financial results for the second quarter ended June 30, 2025. "We are successfully executing our Pivot to Growth strategy and building strong momentum to compound sustained profitable growth." Second Quarter 2025 Highlights: Reported sales of $877 million, up 12%, operating income of $156 million, operating margin of 17.8%, and diluted earnings per share (EPS) of $3.19; Adjusted operating income of $160 million, up 20%; Adjusted operating margin of 18.3%, up 130 basis points; Adjusted diluted EPS of $3.23, up 21%; New orders of $1.0 billion, reflecting a 1.14x book-to-bill; and Free cash flow (FCF) of $117 million. Raised Full-Year 2025 Adjusted Financial Outlook: Sales guidance increased to new range of 9% to 10% growth (previously 8% to 9%), which continues to reflect growth in the majority of Curtiss-Wright's end markets; Operating income guidance increased to new range of 15% to 18% growth (previously 13% to 16%); Operating margin guidance range increased by 20 basis points to 18.5% to 18.7%, now up 100 to 120 basis points compared with the prior year; Diluted EPS guidance increased to new range of $12.70 to $13.00, now up 16% to 19% (previously $12.45 to $12.80, up 14% to 17%); FCF guidance range increased to $520 to $535 million, which continues to reflect greater than 105% FCF conversion; and Full-year 2025 guidance includes the potential direct impacts from tariffs on our operations as well as mitigating actions. "Curtiss-Wright delivered a strong second quarter, highlighted by double-digit revenue growth in both our total A&D and Commercial markets, significant operating margin expansion, greater than 20% growth in Adjusted diluted EPS, and better-than-expected free cash flow generation," said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation. "Our results also reflected the benefits of the Company's ongoing restructuring and operational excellence initiatives, and our dedication to making continued investments that drive profitable growth." "Based on the strong first-half results and our outlook for the remainder of 2025, we have increased our full-year Adjusted guidance for sales, operating income, diluted EPS and free cash flow. We are successfully executing our Pivot to Growth strategy and building strong momentum to compound sustained profitable growth. In addition, we remain extremely well aligned to many favorable secular growth trends across our markets, today and well into the future." Second Quarter 2025 Operating Results Sales of $877 million increased 12% compared with the prior year period; Total A&D market sales increased 12%, while total Commercial market sales increased 10%; In our A&D markets, stronger than expected growth in the defense markets was driven by higher submarine revenues in naval defense and increased sales of defense electronics products, as well as higher OEM sales in the commercial aerospace market; In our Commercial markets, strong growth in the power & process market was principally driven by the contribution from our Ultra Energy acquisition and higher organic sales of commercial nuclear products, while sales in the general industrial market were flat; and Adjusted operating income of $160 million increased 20%, while Adjusted operating margin increased 130 basis points to 18.3%, driven by favorable overhead absorption on higher revenues in all three segments, the benefits of the Company's restructuring and operational excellence initiatives, favorable mix in the Naval & Power segment, and favorable foreign currency translation, partially offset by higher investment in research and development. Second Quarter 2025 Segment Performance Aerospace & Industrial Sales of $239 million, up $6 million, or 3%; Commercial aerospace market revenue growth reflected increased demand and higher OEM sales of sensors products and surface treatment services on narrowbody and widebody platforms; General industrial market revenue was essentially flat, as the benefit of higher sales of industrial vehicle products serving on-highway vehicle platforms and increased surface treatment services were offset by lower global off-highway and specialty industrial vehicle sales; and Adjusted operating income was $40 million, up 5% from the prior year, while adjusted operating margin increased 40 basis points to 16.6%, driven by favorable absorption on higher revenues, the benefits of the Company's restructuring initiatives and favorable foreign currency translation. Defense Electronics Sales of $253 million, up $25 million, or 11%; Higher revenue in the aerospace defense market was principally driven by increased sales of our embedded computing equipment to various international customers while also supporting several domestic unmanned aerial vehicle programs; Ground defense market revenue growth reflected higher sales of tactical battlefield communications equipment as well as increased support for U.S. ground vehicle modernization; Higher revenue in the commercial aerospace market reflected increased sales of our flight data recorder technology to OEM customers; and Adjusted operating income was $68 million, up 15% from the prior year, while adjusted operating margin increased 110 basis points to 26.8%, reflecting favorable absorption on higher defense revenues and the benefits of our operational excellence initiatives. Naval & Power Sales of $384 million, up $61 million, or 19%; Revenue growth in the naval defense market was principally driven by our strong order book and the timing of revenues on the Columbia-class submarine program, in addition to increased revenues supporting next-generation submarine development and higher sales of aircraft handling systems equipment to international customers; Higher power & process market revenues mainly reflected the contribution from our prior year acquisition to our commercial nuclear and process markets, as well as higher organic sales of commercial nuclear products supporting the maintenance of existing operating reactors and the development of next-generation advanced reactors; and Adjusted operating income was $64 million, up 36% from the prior year, while adjusted operating margin increased 210 basis points to 16.5%, due to favorable absorption on higher revenues and favorable mix of products, partially offset by higher investment in research and development. Free Cash Flow (In millions) Q2-2025 Q2-2024 Change Net cash provided by operating activities $ 137 $ 111 23 % Capital expenditures (19 ) (11 ) 75 % Free cash flow $ 117 $ 100 17 % Expand Free cash flow of $117 million increased $17 million, as higher cash earnings and improved working capital were partially offset by higher capital investments in all three segments. New Orders and Backlog New orders of $1.0 billion increased slightly compared with the prior year principally reflecting strong demand in our commercial nuclear and commercial aerospace end markets, mainly offset by the timing of orders in naval defense; and Backlog of $3.9 billion, up 12% from December 31, 2024, reflecting strong demand across the A&D and Commercial markets. Share Repurchase and Dividends During the second quarter, the Company repurchased 59,501 shares of its common stock for approximately $21 million; and The Company declared a quarterly dividend of $0.24 a share, representing a $0.03 or 14% increase from the previous quarter. Full-Year 2025 Guidance The Company is updating its full-year 2025 Adjusted financial guidance (1) as follows: ($ in millions, except EPS) 2025 Adjusted Non-GAAP Guidance (Prior) 2025 Adjusted Non-GAAP Guidance (Current) Change vs 2024 Adjusted (Current) Total Sales $3,365 - $3,415 $3,390 - $3,435 9 - 10% Operating Income $614 - $632 $626 - $642 15 - 18% Operating Margin 18.3% - 18.5% 18.5% - 18.7% 100 - 120 bps Diluted EPS $12.45 - $12.80 $12.70 - $13.00 16 - 19% Free Cash Flow (2) $495 - $515 $520 - $535 8 - 11% Expand (1) Reconciliations of Reported to Adjusted 2024 operating results and 2025 financial guidance are available in the Appendix and exclude first-year purchase accounting costs associated with prior-year acquisitions and costs associated with the Company's 2024 Restructuring Program. (2) 2025 Free Cash Flow guidance includes higher capital expenditures supporting growth and efficiency (reflecting a $14 to $24 million year-over-year increase compared with 2024 results), the timing of prior year record customer advances and a $15 million current year increase due to a reduction in tax payments driven by the recent signing of the H.R. 1 - "One Big Beautiful Bill Act." Expand ********** A more detailed breakdown of the Company's 2025 financial guidance by segment and by market, as well as all reconciliations of Reported GAAP amounts to Adjusted non-GAAP amounts, can be found in the accompanying schedules. Historical financial results are available in the Investor Relations section of Curtiss-Wright's website. Conference Call & Webcast Information The Company will host a conference call to discuss its second quarter 2025 financial results and updates to 2025 guidance at 10:00 a.m. ET on Thursday, August 7, 2025. A live webcast of the call and the accompanying financial presentation, as well as a webcast replay of the call, will be made available on the internet by visiting the Investor Relations section of the Company's website at (Tables to Follow) ($'s in thousands, except par value) June 30, December 31, 2025 2024 Assets Current assets: Cash and cash equivalents $ 331,664 $ 385,042 Receivables, net 961,601 835,037 Inventories, net 610,884 541,442 Other current assets 95,571 88,073 Total current assets 1,999,720 1,849,594 Property, plant, and equipment, net 359,683 339,118 Goodwill 1,698,642 1,675,718 Other intangible assets, net 569,566 596,831 Operating lease right-of-use assets, net 192,317 169,350 Prepaid pension asset 314,921 299,130 Other assets 59,626 55,963 Total assets $ 5,194,475 $ 4,985,704 Liabilities Current liabilities: Current portion of long-term and short-term debt $ — $ 90,000 Accounts payable 261,070 247,185 Accrued expenses 178,780 219,054 Deferred revenue 500,245 459,421 Other current liabilities 86,431 80,288 Total current liabilities 1,026,526 1,095,948 Long-term debt 958,381 958,949 Deferred tax liabilities, net 144,815 140,659 Accrued pension and other postretirement benefit costs 69,712 67,413 Long-term operating lease liability 171,019 148,175 Other liabilities 112,302 124,761 Total liabilities $ 2,482,755 $ 2,535,905 Stockholders' equity Common stock, $1 par value $ 49,187 $ 49,187 Additional paid in capital 149,650 147,940 Retained earnings 4,066,497 3,861,073 Accumulated other comprehensive loss (168,117 ) (243,225 ) Less: cost of treasury stock (1,385,497 ) (1,365,176 ) Total stockholders' equity $ 2,711,720 $ 2,449,799 Total liabilities and stockholders' equity $ 5,194,475 $ 4,985,704 Expand Use and Definitions of Non-GAAP Financial Information (Unaudited) The Corporation supplements its financial information determined under U.S. generally accepted accounting principles (GAAP) with certain non-GAAP financial information. Curtiss-Wright believes that these Adjusted (non-GAAP) measures provide investors with improved transparency in order to better measure Curtiss-Wright's ongoing operating and financial performance and better comparisons of our key financial metrics to our peers. These non-GAAP measures should not be considered in isolation or as a substitute for the related GAAP measures, and other companies may define such measures differently. Curtiss-Wright encourages investors to review its financial statements and publicly filed reports in their entirety and not to rely on any single financial measure. Reconciliations of 'Reported' GAAP amounts to 'Adjusted' non-GAAP amounts are furnished within this release. The following definitions are provided: Adjusted Sales, Operating Income, Operating Margin, Net Earnings and Diluted EPS These Adjusted financials are defined as Reported Operating Income, Operating Margin, Net Earnings and Diluted Earnings per Share under GAAP excluding: (i) the impact of first year purchase accounting costs associated with acquisitions, specifically one-time inventory step-up, backlog amortization, deferred revenue adjustments, transaction costs, and gains/losses on equity securities held for investment purposes; and (ii) costs associated with the Company's 2024 Restructuring Program, as applicable. ($'s in thousands) Six Months Ended Six Months Ended June 30, 2025 June 30, 2024 % Change Sales: Aerospace & Industrial $ 466,384 $ — $ 466,384 $ 452,557 $ — $ 452,557 3 % 3 % Defense Electronics 498,175 — 498,175 440,202 — 440,202 13 % 13 % Naval & Power 717,662 — 717,662 605,199 — 605,199 19 % 19 % Total sales $ 1,682,221 $ — $ 1,682,221 $ 1,497,958 $ — $ 1,497,958 12 % 12 % Operating income (expense): Aerospace & Industrial (2) $ 68,928 $ 2,346 $ 71,274 $ 62,712 $ 2,619 $ 65,331 10 % 9 % Defense Electronics (2) 135,282 19 135,301 106,325 523 106,848 27 % 27 % Naval & Power (1)(2) 102,279 6,202 108,481 81,474 342 81,816 26 % 33 % Total segments $ 306,489 $ 8,567 $ 315,056 $ 250,511 $ 3,484 $ 253,995 22 % 24 % Corporate and other (2) (20,977 ) (28 ) (21,005 ) (21,653 ) 964 (20,689 ) 3 % (2 )% Operating margins: As Reported Adjusted As Reported Adjusted As Reported Adjusted Aerospace & Industrial 14.8 % 15.3 % 13.9 % 14.4 % 90 bps 90 bps Defense Electronics 27.2 % 27.2 % 24.2 % 24.3 % 300 bps 290 bps Naval & Power 14.3 % 15.1 % 13.5 % 13.5 % 80 bps 160 bps Total Curtiss-Wright 17.0 % 17.5 % 15.3 % 15.6 % 170 bps 190 bps Segment margins 18.2 % 18.7 % 16.7 % 17.0 % 150 bps 170 bps (1) Excludes first year purchase accounting adjustments in both the current and prior year periods. (2) Excludes costs associated with the Company's 2024 Restructuring Program in both the current and prior year periods. Expand CURTISS-WRIGHT CORPORATION and SUBSIDIARIES Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 Diluted earnings per share - As Reported $ 3.19 $ 2.58 $ 5.87 $ 4.58 First year purchase accounting adjustments 0.02 — 0.13 — Restructuring costs 0.02 0.09 0.05 0.09 Diluted earnings per share - Adjusted (1) $ 3.23 $ 2.67 $ 6.05 $ 4.67 (1) All adjustments are presented net of income taxes. Expand Organic Sales and Organic Operating Income The Corporation discloses organic sales and organic operating income because the Corporation believes it provides investors with insight as to the Company's ongoing business performance. Organic sales and organic operating income are defined as sales and operating income, excluding contributions from acquisitions and results of operations from divested businesses or product lines during the last twelve months, costs associated with the Company's 2024 Restructuring Program, and foreign currency fluctuations. Free Cash Flow and Free Cash Flow Conversion The Corporation discloses free cash flow because it measures cash flow available for investing and financing activities. Free cash flow represents cash available to repay outstanding debt, invest in the business, acquire businesses, return capital to shareholders and make other strategic investments. Free cash flow is defined as net cash provided by operating activities less capital expenditures. The Corporation discloses free cash flow conversion because it measures the proportion of net earnings converted into free cash flow and is defined as free cash flow divided by adjusted net earnings. CURTISS-WRIGHT CORPORATION 2025 Guidance As of August 6, 2025 ($'s in millions, except per share data) Low High Low High 2025 Chg vs 2024 Adjusted Sales: Aerospace & Industrial $ 932 $ — $ 932 $ 965 $ 980 $ — $ 965 $ 980 4 - 5 % Defense Electronics 911 — 911 995 1,010 — 995 1,010 9 - 11 % Naval & Power 1,278 — 1,278 1,430 1,445 — 1,430 1,445 12 - 13 % Total sales $ 3,121 $ — $ 3,121 $ 3,390 $ 3,435 $ — $ 3,390 $ 3,435 9 - 10 % Operating income: Aerospace & Industrial $ 148 $ 10 $ 158 $ 164 $ 170 $ 3 $ 167 $ 173 6 - 9 % Defense Electronics 225 2 227 267 273 — 267 273 18 - 20 % Naval & Power 200 2 202 220 226 12 232 238 15 - 18 % Total segments $ 572 $ 15 $ 587 $ 651 $ 669 $ 15 $ 666 $ 684 Corporate and other (44 ) 3 (41 ) (40 ) (42 ) — (40 ) (42 ) Total operating income $ 529 $ 17 $ 546 $ 611 $ 627 $ 15 $ 626 $ 642 15 - 18 % Interest expense $ (45 ) $ — $ (45 ) $ (42 ) $ (43 ) $ — $ (42 ) $ (43 ) Other income, net 38 — 38 33 34 — 33 34 Earnings before income taxes $ 522 $ 17 $ 539 $ 602 $ 618 $ 15 $ 618 $ 632 Provision for income taxes (117 ) (4 ) (121 ) (133 ) (136 ) (3 ) (136 ) (139 ) Net earnings $ 405 $ 13 $ 418 $ 469 $ 482 $ 12 $ 482 $ 493 Diluted earnings per share $ 10.55 $ 0.35 $ 10.90 $ 12.40 $ 12.70 $ 0.30 $ 12.70 $ 13.00 16 - 19 % Diluted shares outstanding 38.4 38.4 37.9 37.9 37.9 37.9 Effective tax rate 22.4 % 22.4 % 22.0 % 22.0 % 22.0 % 22.0 % Operating margins: Aerospace & Industrial 15.9 % 17.0 % 17.0 % 17.3 % 17.3 % 17.6 % 30 - 60 bps Defense Electronics 24.7 % 24.9 % 26.8 % 27.0 % 26.8 % 27.0 % 190 - 210 bps Naval & Power 15.6 % 15.8 % 15.4 % 15.6 % 16.3 % 16.5 % 50 - 70 bps Total operating margin 16.9 % 17.5 % 18.0 % 18.3 % 18.5 % 18.7 % 100 - 120 bps Free cash flow (3) $ 483 $ — $ 483 $ 520 $ 535 $ — $ 520 $ 535 8 - 11 % Notes: Amounts may not add due to rounding. (1) 2024 Adjusted financials are defined as Reported Operating Income, Operating Margin, Net Income and Diluted EPS under GAAP excluding costs associated with the Company's 2024 Restructuring Program and the impact of first year purchase accounting adjustments. (2) 2025 Adjusted financials are defined as Reported Operating Income, Operating Margin, Net Income and Diluted EPS under GAAP excluding costs associated with the Company's 2024 Restructuring Program and the impact of first year purchase accounting adjustments. (3) Free Cash Flow is defined as cash flow from operations less capital expenditures. 2025 Free Cash Flow guidance includes higher capital expenditures supporting growth and efficiency (reflecting a $14 to $24 million year-over-year increase compared with 2024 results), the timing of prior year record customer advances and a $15 million current year increase due to a reduction in tax payments driven by the recent signing of the H.R. 1 - "One Big Beautiful Bill Act." Expand 2025 Sales Growth Guidance by End Market As of August 6, 2025 Prior Current % Total Sales Aerospace & Defense Markets Aerospace Defense 6 - 8% 7 - 9% 19% Ground Defense 6 - 8% 6 - 8% 11% Naval Defense 5 - 7% 7 - 9% 26% Commercial Aerospace 13 - 15% 13 - 15% 13% Total Aerospace & Defense 7 - 9% 8 - 10% 69% Commercial Markets Power & Process 16- 18% 16- 18% 19% General Industrial Flat Flat 12% Total Commercial 9 - 11% 9 - 11% 31% Total Curtiss-Wright Sales 8 - 9% 9 - 10% 100% Note: Sales percentages may not add due to rounding. Expand About Curtiss-Wright Corporation Curtiss-Wright Corporation (NYSE:CW) is a global integrated business that provides highly engineered products, solutions and services mainly to Aerospace & Defense markets, as well as critical technologies in demanding Commercial Nuclear Power, Process and Industrial markets. We leverage a workforce of approximately 9,000 highly skilled employees who develop, design and build what we believe are the best engineered solutions to the markets we serve. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing innovative solutions through trusted customer relationships. For more information, visit Certain statements made in this press release, including statements about future revenue, financial performance guidance, quarterly and annual revenue, net income, operating income growth, future business opportunities, cost saving initiatives, the successful integration of the Company's acquisitions, and future cash flow from operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements present management's expectations, beliefs, plans and objectives regarding future financial performance, and assumptions or judgments concerning such performance. Any discussions contained in this press release, except to the extent that they contain historical facts, are forward-looking and accordingly involve estimates, assumptions, judgments, and uncertainties. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include but are not limited to: a reduction in anticipated orders; an economic downturn; geopolitical risks; evolving impacts from tariffs between the U.S. and other countries (including implementation of new tariffs and retaliatory measures); changes in the competitive marketplace and/or customer requirements; a change in government spending; an inability to perform customer contracts at anticipated cost levels; and other factors that generally affect the business of aerospace, defense contracting, electronics, marine, and industrial companies. Such factors are detailed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and subsequent reports filed with the Securities and Exchange Commission.
Business Wire
01-08-2025
- Business
- Business Wire
Curtiss-Wright Signs Strategic Partnership With Rolls-Royce SMR for Its Small Modular Reactor Technology
DAVIDSON, N.C.--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE: CW) today announced that its UK-based Curtiss-Wright Nuclear business (formerly Ultra Energy) signed a multi-million dollar strategic partnership with Rolls-Royce SMR to deliver critical safety systems for its Small Modular Reactor (SMR) technology. Under the contract, Curtiss-Wright will provide design, qualification, testing and supply of the non-programmable diverse Reactor Protection Systems for a global fleet of Rolls-Royce SMRs. Curtiss-Wright is excited to announced a strategic partnership with Rolls-Royce SMR to deliver critical safety systems for its Small Modular Reactor (SMR) technology. Work under this agreement, including the design and implementation of Curtiss-Wright's Reactor Protection Systems, will be performed by Curtiss-Wright Nuclear's facility in Dorset, UK, supporting regional economic growth, as well as expanding the UK's nuclear skills, opportunities and capabilities. 'We have a strong UK-based team focused on supporting this partnership and we're all excited to be part of the Rolls-Royce SMR story,' said Ognjen Starovic, General Manager, Curtiss-Wright Nuclear. 'We take great pride in helping to deliver a British SMR, as well as provide our people with new career opportunities and create long-term job growth in the region.' Ruth Todd, Rolls-Royce SMR's Operations & Supply Chain Director, said: 'We are delighted to begin this important and enduring partnership with Curtiss-Wright. Securing industry leading expertise will further de-risk our programme by underpinning a critical element of the design.' The Rolls-Royce SMR will be the first new nuclear power station to be designed and built in the UK for more than a generation and offers a radically different approach based on proven technology. Each 'factory-built' nuclear power plant will provide enough affordable, low-carbon electricity to power a million homes for more than 60 years. In October 2024, Rolls-Royce SMR was selected by CEZ to deploy up to 3GW of electricity in the Czech Republic and in July 2025, Rolls-Royce SMR was selected as preferred bidder by Great British Energy – Nuclear to provide the UK's first SMRs. The Rolls-Royce SMR is progressing through the final stage of Assessment by the UK nuclear industry's independent regulators - further ahead than any other SMR in a European regulatory process. Non-programmable diverse Reactor Protection Systems are safety critical back-up instruments, designed to provide an independent means of shutting down a reactor. They are simple and robust, deploying proven-in-use electronic technology and techniques, while avoiding the use of microprocessors, software or programmable devices. Curtiss-Wright maintains one of the most comprehensive and diverse portfolios of advanced nuclear power equipment, technology, and services globally to support both operating reactors and new build opportunities. For more information about our nuclear reactor technologies supporting advanced nuclear reactors, please visit the Company's Nuclear division at About Curtiss-Wright Corporation Curtiss-Wright Corporation (NYSE: CW) is a global integrated business that provides highly engineered products, solutions and services mainly to Aerospace & Defense markets, as well as critical technologies in demanding Commercial Nuclear Power, Process and Industrial markets. We leverage a workforce of approximately 9,000 highly skilled employees who develop, design and build what we believe are the best engineered solutions to the markets we serve. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing innovative solutions through trusted customer relationships. For more information, visit This press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 that are based on management's beliefs and assumptions. Such statements, including statements relating to Curtiss-Wright's expectations of future performance of our Reactor Protection Systems, the successful implementation and overall success of these products, successful development of the Rolls-Royce small modular reactor design and future opportunities associated with this nuclear reactor design, are not considered historical facts and are considered forward-looking statements under the federal securities laws. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include but are not limited to: a reduction in anticipated orders; an economic downturn; changes in competitive marketplace and/or customer requirements; an inability to perform customer contracts at anticipated cost levels; and other factors that generally affect the business of aerospace, defense contracting, marine, electronics and industrial companies. Please refer to the Company's current SEC filings under the Securities Exchange Act of 1934, as amended, for further information.
Yahoo
17-07-2025
- Business
- Yahoo
2 Profitable Stocks with Promising Prospects and 1 to Be Wary Of
Not all profitable companies are built to last - some rely on outdated models or unsustainable advantages. Just because a business is in the green today doesn't mean it will thrive tomorrow. A business making money today isn't necessarily a winner, which is why we analyze companies across multiple dimensions at StockStory. That said, here are two profitable companies that leverage their financial strength to beat the competition and one that may face some trouble. One Stock to Sell: CDW (CDW) Trailing 12-Month GAAP Operating Margin: 7.9% Serving as a crucial bridge between technology manufacturers and end users since 1984, CDW (NASDAQ:CDW) is a multi-brand provider of information technology solutions that helps businesses and public sector organizations select, implement, and manage hardware, software, and IT services. Why Should You Dump CDW? Customers postponed purchases of its products and services this cycle as its revenue declined by 3.5% annually over the last two years Projected sales growth of 2.1% for the next 12 months suggests sluggish demand Flat earnings per share over the last two years underperformed the sector average CDW's stock price of $174.80 implies a valuation ratio of 18x forward P/E. If you're considering CDW for your portfolio, see our FREE research report to learn more. Two Stocks to Watch: BellRing Brands (BRBR) Trailing 12-Month GAAP Operating Margin: 19.8% Spun out of Post Holdings in 2019, Bellring Brands (NYSE:BRBR) offers protein shakes, nutrition bars, and other products under the PowerBar, Premier Protein, and Dymatize brands. Why Will BRBR Beat the Market? Unit sales were phenomenal over the past two years, showing demand is robust and retailers can't stock enough of its products Earnings per share grew by 28% annually over the last three years and trumped its peers Market-beating returns on capital illustrate that management has a knack for investing in profitable ventures At $57.24 per share, BellRing Brands trades at 24x forward P/E. Is now the time to initiate a position? Find out in our full research report, it's free. Curtiss-Wright (CW) Trailing 12-Month GAAP Operating Margin: 17.4% Formed from a merger of 12 companies, Curtiss-Wright (NYSE:CW) provides a range of products and services to the aerospace, industrial, electronic, and maritime industries. Why Should CW Be on Your Watchlist? Annual revenue growth of 10.6% over the past two years was outstanding, reflecting market share gains this cycle Operating profits increased over the last five years as the company gained some leverage on its fixed costs and became more efficient Performance over the past two years was turbocharged by share buybacks, which enabled its earnings per share to grow faster than its revenue Curtiss-Wright is trading at $482 per share, or 38.5x forward P/E. Is now a good time to buy? See for yourself in our full research report, it's free. Stocks We Like Even More Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
15-07-2025
- Business
- Yahoo
Heavy-Duty Joysticks Lead Growth Due to Infrastructure and Automation Demands
The Industrial Switch Joystick Market, valued at USD 1.9 billion in 2024, is expected to reach USD 3.6 billion by 2032, growing at a CAGR of 8.18%. Driven by automation in construction and material handling, the market faces challenges from high costs and competition. Key players include Curtiss-Wright, Eaton, and Danfoss. Industrial Switch Joystick Market Dublin, July 15, 2025 (GLOBE NEWSWIRE) -- The "Industrial Switch Joystick Market Outlook 2025-2034: Market Share, and Growth Analysis By Application (Robotics, Heavy Machinery, Gaming), By Product Type, By End User, By Technology" report has been added to global Industrial Switch Joystick Market size is valued at USD 1.9 billion in 2024 and is projected to reach USD 3.6 billion by 2032, registering a compound annual growth rate (CAGR) of 8.18% over the forecast period. The industrial switch joystick market is witnessing steady growth driven by increasing automation in material handling, construction machinery, cranes, and marine control systems requiring reliable operator interface devices. Industrial switch joysticks enable rugged multi-directional control of hydraulic and electromechanical systems with robust mechanical designs suitable for harsh environments. Manufacturers are focusing on heavy-duty joysticks with ergonomic handles, modular switch configurations, and IP-rated sealing to withstand dust, vibration, and moisture. Growth is supported by rising construction and infrastructure projects, crane fleet expansions, and factory automation initiatives globally. Challenges include high installation costs, integration complexities with hydraulic and electronic control systems, and competition from electronic proportional joysticks in certain applications. Recent developments include Curtiss-Wright expanding heavy-duty joystick lines for off-highway equipment, Eaton launching industrial switch joysticks with improved sealing and tactile feedback, and Danfoss enhancing modular joystick controllers for mobile machinery. Key Insights Major trends include integration of modular switch configurations and ergonomic handles in industrial joysticks for construction equipment, cranes, and marine applications to improve operator comfort and system control. Drivers are rising construction and mining equipment demand, increasing infrastructure development globally, and automation of material handling equipment in warehouses and ports. Challenges include high capital and installation costs, complexities in integrating mechanical joysticks with modern electronic control systems, and competition from electronic proportional joysticks in advanced equipment. Companies focus on developing IP67-rated heavy-duty joysticks with customizable switch layouts and tactile feedback to enhance durability and usability in harsh environments. Recent developments include Curtiss-Wright expanding joystick offerings for cranes, Eaton introducing rugged industrial joysticks with improved sealing, and Danfoss enhancing modular switch joystick controllers for mobile machinery. What's Included in the Report Global Industrial Switch Joystick market size and growth projections, 2024- 2034 North America Industrial Switch Joystick market size and growth forecasts, 2024- 2034 (United States, Canada, Mexico) Europe market size and growth forecasts, 2024- 2034 (Germany, France, United Kingdom, Italy, Spain) Asia-Pacific Industrial Switch Joystick market size and growth forecasts, 2024- 2034 (China, India, Japan, South Korea, Australia) Middle East Africa Industrial Switch Joystick market size and growth estimate, 2024- 2034 (Middle East, Africa) South and Central America Industrial Switch Joystick market size and growth outlook, 2024- 2034 (Brazil, Argentina, Chile) Industrial Switch Joystick market size, share and CAGR of key products, applications, and other verticals, 2024- 2034 Short- and long-term Industrial Switch Joystick market trends, drivers, challenges, and opportunities Industrial Switch Joystick market insights, Porter's Five Forces analysis Profiles of 5 leading companies in the industry- overview, key strategies, financials, product portfolio and SWOT analysis Latest market news and developments Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2024 - 2032 Estimated Market Value (USD) in 2024 $1.9 Billion Forecasted Market Value (USD) by 2032 $3.6 Billion Compound Annual Growth Rate 8.1% Regions Covered Global Companies Featured APEM (IDEC Corporation) Grayhill, Inc. Otto Engineering, Inc. ALPS Alpine Co., Ltd. MEGATRON Elektronik GmbH & Co. KG Schneider Electric RAFI GmbH & Co. KG Honeywell International Inc. W. Gessmann GmbH Spohn + Burkhardt GmbH & Co. KG Herga Technology Ltd SureGrip Controls Inc. Electro-Mech Components, Inc. Elobau GmbH & Co. KG Marquardt GmbH For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Industrial Switch Joystick Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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14-07-2025
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Will Curtiss-Wright (CW) Beat Estimates Again in Its Next Earnings Report?
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Curtiss-Wright (CW), which belongs to the Zacks Aerospace - Defense Equipment industry, could be a great candidate to consider. This engineering firm has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 12.08%. For the last reported quarter, Curtiss-Wright came out with earnings of $2.82 per share versus the Zacks Consensus Estimate of $2.39 per share, representing a surprise of 17.99%. For the previous quarter, the company was expected to post earnings of $3.08 per share and it actually produced earnings of $3.27 per share, delivering a surprise of 6.17%. Thanks in part to this history, there has been a favorable change in earnings estimates for Curtiss-Wright lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Curtiss-Wright currently has an Earnings ESP of +2.58%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on August 6, 2025. With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss. Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Curtiss-Wright Corporation (CW) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
