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(10/29/08) Curtiss-Wright Corp. reported financial results for the third quarter and nine months that ended Sept. 30, 2008. Net sales for the third quarter of 2008 increased 10% to $435.7 million from $396.3 million in the third quarter of 2007. Operating income in the third quarter of 2008 increased 8% to $48.2 million, up from $44.5 million in the third quarter of 2007.
Curtiss-Wright Flow Control sales for the third quarter of 2008 were $216.2 million, up 13% over the comparable prior year period due to solid organic growth and the incremental contribution from a third quarter 2007 acquisition amounting to $9.8 million. Organic sales growth was 8% in the third quarter of 2008 over the comparable prior year period. This organic sales growth was led by higher sales to the power generation market, driven by revenues for CWFC's AP1000 reactor coolant pumps. In addition, the general industrial market growth was due to increased sales of mission critical motor-controls and protection product solutions. More…
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