Curtiss-Wright Corp. reported fourth-quarter earnings that fell from the previous year but better that Wall Street expectations, according to a filing with the Securities and Exchange Commission.

The product manufacturer, which provides services to the commercial, industrial, defense and energy markets, reported total earnings of $67.75 million, or $1.52 earnings per share in the fourth quarter of 2017. In the same quarter of the previous year, it reported $70.67 million, or $1.58 per share.

Analysts expected the company to earn $1.46 per share for the quarter.

The company reported over $611 million in sales, up 8.2 percent from 2016. Sales were led by the company’s defense segment, which sold over $172.5 million, up 29.3 percent.

Sales in the company’s power segment fell 8.4 percent, down to $141 million from $153.9 percent.

“We reported an 8 percent increase in sales, led by a solid contribution from the Teletronics Technology Corp. acquisition in the defense segment,” CEO David C. Adams said in a statement. “Further, we generated over $200 million in free cash flow driven by a significant reduction in working capital, while new orders increased 17 percent driven by strong demand in both our defense and commercial businesses.”

Curtiss-Wright announced Tuesday it will acquire the assets of Dresser-Rand Government Businessfor $212.5 million in cash.

Shares of Curtiss-Wright were trading at $135.43 Friday afternoon, down 1 percent.