Charlotte-based technology company Curtiss-Wright Corp. said Thursday that it expects its 2016 earnings to be in line with analyst expectations.
Curtiss-Wright said it expects diluted earnings per share of $4 to $4.15 for 2016, compared with $3.74 in pro forma 2015. Analysts currently expect the company to report earnings of $4.10 per share for 2016.
The Charlotte-based company also said it expects to report earnings in a range of 95 cents to $1 for the third quarter, slightly lower than the current consensus analyst estimate of $1.04 per share, according to the Wall Street Journal.
“Looking to the balance of 2016, we continue to anticipate sequential margin improvement as we execute against our operational initiatives and advance to top-quartile financial performance versus our peer group,” said David Adams, chairman and chief executive officer, in a statement.
The company said it expected share repurchases of at least $100 million in 2016.
Curtiss-Wright is a global manufacturer and service provider for the commercial aerospace, general industrial, defense and energy markets. It also is a supplier to commercial nuclear power and nuclear navy systems. The company employs approximately 8,400 people worldwide.
Shares of Curtiss-Wright closed at $91.86 on Wednesday. It opened at $91.39 on Thursday, 0.51 percent decrease.
The filing can be found here.