06292016Wed
Last updateTue, 28 Jun 2016 8pm

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Valve Manufacturing

Curtiss-Wright Reports Second Quarter 2014 Financial Results

Curtiss-Wright reports that sales of $652 million in the second quarter increased $55 million, or 9%, compared to the prior year period, primarily driven by acquisitions and strength in the commercial markets. From a market perspective, second quarter sales to the commercial markets were up 12% compared to the prior year period, while sales to the defense markets increased 2%.

Operating income in the second quarter was $77 million, an increase of 27% compared to the prior year period, primarily driven by solid organic (excluding effects of foreign currency translation, acquisitions and divestitures) increases in the Commercial/Industrial and Energy segments. Operating margin was 11.7%, an increase of 160 basis points over the prior year period. 

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