Curtiss-Wright announces $100M share repurchase program expansion

Curtiss-Wright (CW) announced a $100M expansion of its 2024 share repurchase program, which it expects to complete via a 10b5-1 program by the end of the year. This program will be conducted in concurrence with the existing $50m share repurchase program being executed this year, and follows the recent completion of a $100M opportunistic program that was executed in the third quarter. As a result, the company now expects annual share repurchases of $250M in 2024. Beginning in January 2025, the company also expects to repurchase $60M in shares via a 10b5-1 program, an increase from the prior $50M annual plan, which is expected to offset potential dilution from compensation plans.