Curtiss-Wright Updates Guidance - Quick Facts

(RTTNews) - Curtiss-Wright Corporation (CW) increased its 2017 EPS guidance by $0.10 to new range of $4.40 to $4.50, primarily due to the adoption of ASU No. 2016-09 for share-based compensation. The company maintained free cash flow guidance range of $260 million to $280 million.

David Adams, CEO of Curtiss-Wright, said; "We are off to a solid start to 2017 and anticipate steady, sequential margin improvement over the remainder of the year. Our ongoing commitment to margin expansion is driving increased profitability and enabling us to continue mitigating several challenging end market conditions. Overall, we believe that our continued focus on delivering solid profitability and free cash flow, maintaining a balanced capital allocation and driving for top-quartile financial performance will continue to enhance shareholder value."