CW Curtiss Wright (CW) Q4 FY24 earnings call
Curtiss-Wright delivered record financial results in Q4 and full year 2024, driven by robust demand across its Aerospace & Defense and commercial nuclear markets, leading to record orders and backlog. Strategic acquisitions like Ultra Energy are expanding its nuclear portfolio, particularly in SMRs and European markets. The company projects continued profitable growth in 2025 with mid-single-digit organic sales growth and double-digit EPS growth, fueled by operational excellence and R&D investments, while actively managing potential tariff impacts.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
CW operating KPIs by quarter
| KPI | This call Dec 2024 Q4 FY24 | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|
| Book-to-bill ratio | 1.1 ratioGrowth in our order book was exceptionally strong in the fourth quarter, up 37% year-over-year, reflecting a 1.1x book-to-bill.Source: earnings call transcript | 1.1 ratio+We also experienced strong demand in the second quarter as new orders of $1 billion resulted in an overall book-to-bill in excess of 1.1x.Source: earnings call transcript | 1.1 ratioSo broadly speaking, good quarter, 1.1x book-to-bill.Source: earnings call transcript | <1.2 ratioRegarding our order book, new orders increased 18% in the fourth quarter, reflecting nearly 1.2x book to bill and were driven by continued solid demands within our naval, defense and commercial nuclear markets.Source: earnings call transcript | 1.3 ratioRegarding our order book, new orders increased 15%, reflecting a 1.3x book-to-bill ratio, driven by mid-teens growth in each of our 3 segments.Source: earnings call transcript | — |
| Book-to-bill ratio A&D markets | — | 1.2 ratioAs a result, book-to-bill across our A&D markets was 1.2x.Source: earnings call transcript | 1 ratioWe had a 1x book-to-bill in aerospace and defense, and we had a 1.2x in commercial.Source: earnings call transcript | — | — | -16.7% |
| Backlog | — | $3.8B+Overall, the second quarter growth in orders builds on our already strong backlog, which is now up 12% year-to-date, reaching a new record in excess of $3.8 billion.Source: earnings call transcript | $3.9BWe're at a record backlog right now at $3.9 billion.Source: earnings call transcript | — | <$4.3BOverall, based on the healthy growth in Curtiss-Wright's order book, we reached a new record of nearly $4.3 billion, which provides us with great visibility and continued confidence in our future top line growth.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.