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CW Curtiss-Wright

Curtiss-Wright Corporation is a global innovative company that delivers highly engineered, critical function products and services to the commercial, industrial, defense and energy markets. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing reliable solutions through trusted customer relationships. The company employs approximately 8,300 people worldwide.

Company profile

Ticker
CW
Exchange
CEO
David Adams
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
130612970

CW stock data

(
)

Calendar

6 May 21
29 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 147.07M 147.07M 147.07M 147.07M 147.07M 147.07M
Cash burn (monthly) 17.06M 890.67K (positive/no burn) (positive/no burn) 8.87M (positive/no burn)
Cash used (since last report) 67.52M 3.52M n/a n/a 35.1M n/a
Cash remaining 79.55M 143.54M n/a n/a 111.97M n/a
Runway (months of cash) 4.7 161.2 n/a n/a 12.6 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Jul 21 Anthony J Moraco Common Stock Grant Aquire A No No 119.02 190 22.61K 460
7 Jul 21 Ferdenzi Paul J Common Stock Option exercise Aquire M No No 100.4275 113 11.35K 22,584
7 Jul 21 Lynn J Bamford Common Stock Option exercise Aquire M No No 100.4275 76 7.63K 12,333
7 Jul 21 Farkas K Christopher Common Stock Option exercise Aquire M No No 100.4275 112 11.25K 4,874
7 Jul 21 Robert J Freda Common Stock Option exercise Aquire M No No 100.4275 96 9.64K 2,484

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

81.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 304 318 -4.4%
Opened positions 38 49 -22.4%
Closed positions 52 41 +26.8%
Increased positions 97 103 -5.8%
Reduced positions 118 119 -0.8%
13F shares
Current Prev Q Change
Total value 3.94B 4.12B -4.4%
Total shares 33.19M 33.63M -1.3%
Total puts 14K 2K +600.0%
Total calls 11.4K 26.8K -57.5%
Total put/call ratio 1.2 0.1 +1545.6%
Largest owners
Shares Value Change
BLK Blackrock 3.91M $463.79M +1.5%
Vanguard 3.65M $432.77M +1.1%
Boston Partners 2.03M $240.84M +10.1%
Primecap Management 1.8M $213.41M +4.9%
FMR 1.51M $179.48M +32.6%
STT State Street 1.37M $162.41M -1.1%
Natural Investments 989.3K $117.29M 0.0%
Wellington Management 933.46K $110.71M -19.7%
BK Bank Of New York Mellon 791.33K $93.85M -2.0%
LSV Asset Management 741.54K $87.95M -5.5%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -533.02K EXIT
FMR 1.51M +372.06K +32.6%
Clark Capital Management 0 -263.5K EXIT
Adage Capital Partners GP, L.L.C. 0 -254.79K EXIT
IVZ Invesco 389.63K +245.81K +170.9%
Wellington Management 933.46K -228.82K -19.7%
Jennison Associates 179.13K -193.54K -51.9%
Boston Partners 2.03M +186.1K +10.1%
Millennium Management 726.65K +153.23K +26.7%
Reinhart Partners 143.11K +143.11K NEW

Financial report summary

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Competition
Circor International
Management Discussion
  • Sales for the year decreased $97 million, or 4%, to $2,391 million, compared with the prior year period. On a segment basis, sales from the Commercial/Industrial and Power segments decreased $188 million and $17 million, respectively, with sales from the Defense segment increasing $108 million. Changes in sales by segment are discussed in further detail in the "Results by Business Segment" section below.
  • Operating income for the year decreased $115 million, or 28%, to $289 million, and operating margin decreased 410 basis points compared with 2019. The decreases in operating income and operating margin were primarily due to unfavorable overhead absorption on lower sales in the Commercial/Industrial segment, an impairment loss of $33 million in the Commercial/Industrial segment due to our industrial valve business in Germany being classified as held for sale during the current period, as well as restructuring costs of $41 million recognized across all segments.
  • Non-segment operating expense for the year increased $3 million, or 8%, to $38 million, primarily due to higher post-retirement costs and foreign exchange losses.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
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