Latest news with #LynnBamford
CNBC
11-08-2025
- Business
- CNBC
Curtiss-Wright CEO Lynn Bamford talks global demand for nuclear
Lynn Bamford, Curtis Wright CEO, joins 'Closing Bell Overtime' to talk demand for commercial nuclear power, defense spending, quarterly results, and more.
Yahoo
09-07-2025
- Business
- Yahoo
5 Revealing Analyst Questions From Curtiss-Wright's Q1 Earnings Call
Curtiss-Wright's first quarter saw broad-based strength across its core aerospace, defense, and commercial nuclear markets, which contributed to financial results that surpassed Wall Street's expectations. Management credited the performance to strong demand for naval nuclear propulsion equipment, higher avionics sales within defense electronics, and continued benefits from restructuring actions taken last year. CEO Lynn Bamford highlighted the company's ability to adapt to supply chain challenges and leverage operational improvements, stating, 'Our execution during the first quarter is a perfect illustration of how we are focused on managing Curtiss-Wright's consolidated portfolio.' Is now the time to buy CW? Find out in our full research report (it's free). Revenue: $805.6 million vs analyst estimates of $767 million (13% year-on-year growth, 5% beat) EPS (GAAP): $2.68 vs analyst estimates of $2.36 (13.2% beat) Adjusted EBITDA: $164.8 million vs analyst estimates of $148.1 million (20.5% margin, 11.3% beat) The company slightly lifted its revenue guidance for the full year to $3.39 billion at the midpoint from $3.36 billion EPS (GAAP) guidance for the full year is $12.63 at the midpoint, beating analyst estimates by 3.4% Operating Margin: 16%, up from 14% in the same quarter last year Market Capitalization: $18.14 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Pete Skibitski (Alembic Global): Asked for details on the company's ability to mitigate tariff impacts and manage sourcing challenges. CEO Lynn Bamford and CFO Chris Farkas explained cross-functional mitigation strategies and noted most of the impact is contained through pricing and operational flexibility. Pete Skibitski (Alembic Global): Inquired about the sustainability of increased commercial aerospace guidance and the duration of the safety mandate-driven sales. Farkas clarified the guidance increase is solely due to cockpit voice recorder mandates, with recurring revenue expected through the end of the decade. Kristine Liwag (Morgan Stanley): Asked about U.S. nuclear policy support and the international outlook for new nuclear projects. Bamford described stronger-than-expected policy support and highlighted active engineering contracts in Poland and Bulgaria. Myles Walton (Wolfe Research): Questioned the sustainability of high Defense Electronics margins and the rationale for conservative guidance. Management cited mix, ongoing operational improvements, and the potential for modest sequential growth, while emphasizing cautious forecasting. Nathan Jones (Stifel): Sought more color on the long-term market potential for cockpit voice recorders and whether current Defense Electronics margin levels are sustainable into next year. Management noted the opportunity is at an early stage and avoided giving margin guidance for 2026, citing flexibility for investment. In upcoming quarters, the StockStory team will watch for (1) continued order momentum and backlog growth in defense programs, (2) the pace of commercial aviation retrofits and new certifications for flight recorder products, and (3) progress on international nuclear project milestones, especially contract awards in Poland and Bulgaria. Execution on operational efficiency initiatives and managing tariff headwinds will also be key indicators. Curtiss-Wright currently trades at $481.23, up from $362.52 just before the earnings. Is there an opportunity in the stock?Find out in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out 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-micro-cap company Tecnoglass (+1,754% five-year return). 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-06-2025
- Business
- Yahoo
CW Q1 Earnings Call: Curtiss-Wright Highlights Aerospace, Defense Growth and Raises Full-Year Outlook
Aerospace and defense company Curtiss-Wright (NYSE:CW) reported Q1 CY2025 results topping the market's revenue expectations , with sales up 13% year on year to $805.6 million. The company's full-year revenue guidance of $3.39 billion at the midpoint came in 0.9% above analysts' estimates. Its GAAP profit of $2.68 per share was 13.2% above analysts' consensus estimates. Is now the time to buy CW? Find out in our full research report (it's free). Revenue: $805.6 million vs analyst estimates of $767 million (13% year-on-year growth, 5% beat) EPS (GAAP): $2.68 vs analyst estimates of $2.36 (13.2% beat) Adjusted EBITDA: $164.8 million vs analyst estimates of $148.1 million (20.5% margin, 11.3% beat) The company slightly lifted its revenue guidance for the full year to $3.39 billion at the midpoint from $3.36 billion EPS (GAAP) guidance for the full year is $12.63 at the midpoint, beating analyst estimates by 3.4% Operating Margin: 16%, up from 14% in the same quarter last year Market Capitalization: $17.21 billion Curtiss-Wright's first quarter results reflected notable momentum in its Aerospace and Defense end markets, as management pointed to robust demand for naval nuclear propulsion equipment and avionics in its Defense Electronics segment. CEO Lynn Bamford credited the company's 'Pivot to Growth' strategy and operational restructuring, saying, 'Our execution during the first quarter is a perfect illustration of how we are focused on managing Curtiss-Wright's consolidated portfolio.' The company also experienced margin expansion, which management linked to benefits from last year's restructuring program and ongoing commercial and operational excellence initiatives. The backlog reached a new record, offering increased visibility for future growth. Looking ahead, Curtiss-Wright's updated guidance is anchored in a strong order book across its defense and commercial markets, with management noting particular confidence in sustained demand for embedded computing technology and cockpit voice recorder solutions in commercial aerospace. CFO Chris Farkas emphasized the impact of tariff mitigation strategies and ongoing investments in research and development, stating, 'We expect to overcome the impact of tariff-related headwinds.' Management also highlighted potential growth from the FAA's safety mandates and international opportunities in commercial nuclear, suggesting that supportive government policies and new contract wins could further drive top-line growth this year. Management attributed first quarter outperformance to strong demand in defense electronics, operational efficiencies, and early traction from new aerospace safety mandates. Defense electronics demand: Higher sales of embedded computing and avionics equipment, especially for C5ISR (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance) programs and helicopter platforms, drove segment growth. Management credited both U.S. and international defense spending priorities for this uptick. Operational restructuring benefits: The company cited margin expansion partly due to its restructuring actions launched last year, which included facility consolidations and commercial excellence initiatives. These efforts increased efficiency and supported higher profitability. Commercial aerospace safety mandates: New FAA and European Aviation Safety Agency requirements for longer cockpit voice and data recorder capability began translating into orders. Management highlighted the partnership with Honeywell and noted this market is 'at the very beginning of what's going to be a long, steady ramp.' Naval and nuclear projects: Curtiss-Wright reported strong execution on submarine programs and aftermarket sales supporting nuclear reactor maintenance. The Ultra Energy acquisition contributed to growth in commercial nuclear and process markets, though it was margin dilutive in its first year. Tariff mitigation strategies: Facing new and ongoing tariffs, Curtiss-Wright implemented mitigation steps such as flexible sourcing and targeted price increases, reducing the estimated net tariff impact for the year. Management stressed readiness based on experience from earlier tariff rounds and emphasized ongoing customer collaboration for cost recovery. Curtiss-Wright expects future performance to be shaped by continued defense spending, regulatory-driven aerospace demand, and disciplined cost management. Defense and aerospace backlog: Management pointed to a record backlog and high book-to-bill ratios as indicators of sustained demand, particularly in defense electronics and naval programs. The passage of recent U.S. defense budgets and ongoing global security priorities are expected to support steady order flow. Commercial aerospace mandate ramp: The FAA's requirement for extended voice recorder capabilities is anticipated to drive multi-year growth in commercial aerospace revenue. Management emphasized that retrofit and new aircraft installations will extend through the end of the decade, with ongoing efforts to secure certifications across major platforms. Tariff and cost headwinds: While Curtiss-Wright expects to mitigate most tariff impacts through operational adjustments and pricing, management acknowledged that tariffs and input cost inflation remain risks. The company's guidance assumes successful execution of these mitigation plans, but changes in tariff policy or supply chain disruptions could affect margins. In the coming quarters, the StockStory team will be monitoring (1) the pace of commercial aerospace order growth as FAA safety mandates drive new business, (2) progress in capturing international nuclear contracts—particularly in Poland and Bulgaria, and (3) Curtiss-Wright's ability to sustain margin expansion while mitigating tariff and cost pressures. Execution on defense electronics contracts and certifications for additional aerospace platforms will also be important indicators of ongoing momentum. Curtiss-Wright currently trades at a forward P/E ratio of 36.4×. At this valuation, is it a buy or sell post earnings? See for yourself in our full research report (it's free). 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 5 Growth Stocks for this month. 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-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
