Curtiss-Wright Reports 2009 Second Quarter and Six Month Financial Results
Tuesday, July 28, 2009
Curtiss-Wright
Flow Control sales for the second quarter of 2009 were $242 million, an
increase of 2% over the comparable prior year period, mainly due to 2009
acquisitions of EST and Nu-Torque, which contributed $8 million of sales in the
second quarter of 2009. Organic sales were essentially flat excluding the
effect of foreign currency translation. The slight decline in organic sales was
mainly driven by lower sales in the oil and gas market due to the timing of new
order placement for a coke de-heading system resulting from credit tightening
and decreased demand globally for energy. More…
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