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Curtiss-Wright Reports 2009 Second Quarter and Six Month Financial Results

Tuesday, July 28, 2009  
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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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