Curtiss-Wright Issues 2017 Guidance - Quick Facts

(RTTNews) - Curtiss-Wright Corp. (CW) announced the company expects its 2017 guidance to include: total sales of $2.17 - $2.21 billion; and earnings per share of $4.30 - $4.40. The company noted that its 2017 guidance includes the acquisition of TTC, which adds $65 million in sales to the Defense segment, and is breakeven on operating income and earnings per share, including purchase accounting costs.

Analysts polled by Thomson Reuters expect the company to report profit per share of $4.51 on revenue of $2.2 billion. Analysts' estimates typically exclude special items.

David Adams, CEO of Curtiss-Wright, said: "For 2017, we expect an improved sales performance, led by continued solid growth in our defense markets supplemented by the benefit of our recent acquisition of Teletronics Technology Corporation (TTC), partially offset by ongoing industry challenges impacting several of our commercial markets. We remain extremely focused on driving increased operational efficiencies to help mitigate top-line headwinds, while also continuing to invest in our future growth, as we continue our drive for top-quartile financial performance to generate significant value for our shareholders."