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
Website
CEO
David Adams
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
130612970
CW stock data
()
News
Curtiss-Wright Reports Was Selected To Participate In Development Of Digital Twin Technology For Advanced Nuclear Reactors, No Terms Disclosed
24 Jun 21
Analyzing Curtiss-Wright's Ex-Dividend Date
16 Jun 21
Curtiss-Wright Awarded Contract by Hyster-Yale Group to Provide a Suite of In-Cab Operator Controls
27 May 21
Curtiss-Wright To Host Virtual Investor Event At 8:30 a.m. ET; Introduces 3-Year Financial Targets, Including Revenue CAGR 5-10%
26 May 21
Stocks That Hit 52-Week Highs On Friday
7 May 21
Press releases
Curtiss-Wright Announces Date Change for Second Quarter 2021 Financial Results
22 Jul 21
Curtiss-Wright to Announce Second Quarter 2021 Financial Results
12 Jul 21
Curtiss-Wright Selected to Participate in the Development of Digital Twin Technology for Advanced Nuclear Reactors
24 Jun 21
Curtiss-Wright Awarded Contract by Lockheed Martin to Upgrade U.S. Navy Seahawk Helicopter Mission and Flight Management Computers to Meet New Battlefield Threats
7 Jun 21
Curtiss-Wright Delivers Flight Test Hardware for Eviation's Alice All-Electric Aircraft
4 Jun 21
Calendar
6 May 21
29 Jul 21
31 Dec 21
Financial summary
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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 |
Recent insider trades
| 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 |
Institutional ownership Q1 2021
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 |
|---|---|
| Total holders | 304 |
| Opened positions | 38 |
| Closed positions | 52 |
| Increased positions | 97 |
| Reduced positions | 118 |
13F shares |
Current |
|---|---|
| Total value | 3.94B |
| Total shares | 33.19M |
| Total puts | 14K |
| Total calls | 11.4K |
| Total put/call ratio | 1.2 |
Largest owners |
Shares | Value |
|---|---|---|
| BLK Blackrock | 3.91M | $463.79M |
| Vanguard | 3.65M | $432.77M |
| Boston Partners | 2.03M | $240.84M |
| Primecap Management | 1.8M | $213.41M |
| FMR | 1.51M | $179.48M |
| STT State Street | 1.37M | $162.41M |
| Natural Investments | 989.3K | $117.29M |
| Wellington Management | 933.46K | $110.71M |
| BK Bank Of New York Mellon | 791.33K | $93.85M |
| LSV Asset Management | 741.54K | $87.95M |
Financial report summary
?Competition
Circor InternationalManagement 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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H.S. sophomore Bad
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New words:
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Removed:
accrual, actively, activity, added, annually, approach, April, ASU, bankruptcy, behavior, British, broader, calculated, carefully, Carolina, closely, community, construction, contagion, coolant, corporate, corroborated, data, defend, derived, designer, developing, display, disruption, doubtful, duration, effectively, Excluding, extended, factor, fear, fighter, flight, floating, GAAP, generation, governmental, guarantee, holdback, impacted, impacting, imposed, improvement, incur, India, instrumentation, jet, large, lead, led, letter, link, magnitude, manufacturer, matter, mechanism, membership, Mexico, model, nature, negatively, notional, opportunistic, order, payment, penalty, periodically, point, posed, position, Pound, precautionary, productivity, profitability, prohibit, propensity, prospective, public, pump, reactor, receivable, receive, recoverability, recovery, reduction, remedy, responsibility, restrict, situation, software, South, speed, sponsored, spread, standard, stating, substantial, supporting, suspension, tactical, TCG, test, testing, Topic, trade, transportation, travel, turn, unable, unobservable, vigorously, weighted, worsen, yield
Financial reports
10-Q
2021 Q1
Quarterly report
6 May 21
10-K
2020 FY
Annual report
25 Feb 21
10-Q
2020 Q3
Quarterly report
29 Oct 20
10-Q
2020 Q2
Quarterly report
4 Aug 20
10-Q
2020 Q1
Quarterly report
7 May 20
10-K
2019 FY
Annual report
27 Feb 20
10-Q
2019 Q3
Quarterly report
31 Oct 19
10-Q
2019 Q2
Quarterly report
1 Aug 19
10-Q/A
2019 Q1
Quarterly report (amended)
24 May 19
10-Q
2019 Q1
Quarterly report
9 May 19
Current reports
8-K
Regulation FD Disclosure
26 May 21
8-K
Submission of Matters to a Vote of Security Holders
7 May 21
8-K
Results of Operations and Financial Condition
6 May 21
8-K
Results of Operations and Financial Condition
25 Feb 21
8-K
Curtiss-wright Announces Appointment of Robert Freda As Treasurer and Retirement of Harry S. Jakubowitz
11 Jan 21
8-K
Curtiss-wright Announces Ceo Succession Plan
4 Jan 21
8-K
Other Events
3 Nov 20
8-K
Q3 Results Reflect Strong Defense Market Sales Growth and Benefits of Cost Containment Actions
29 Oct 20
8-K
CURTISS-WRIGHT announces successful completion of $300 MILLION Debt Offering
19 Aug 20
8-K
Q2 Results Reflect Solid Defense Market Sales Growth and Benefits of Cost Containment Actions
4 Aug 20
Registration and prospectus
S-8
Registration of securities for employees
26 Jul 18
S-8
Registration of securities for employees
30 Jul 14
SC TO-T/A
Third party tender offer statement (amended)
16 Dec 12
SC TO-T/A
Third party tender offer statement (amended)
11 Dec 12
SC TO-T/A
Third party tender offer statement (amended)
29 Nov 12
SC TO-T
Third party tender offer statement
14 Nov 12
SC TO-C
Information about tender offer
1 Nov 12
S-8
Registration of securities for employees
3 Nov 11
S-8
Registration of securities for employees
11 Jul 05
S-8
Registration of securities for employees
11 Jul 05
Proxies
DEFA14A
Additional proxy soliciting materials
24 Mar 21
DEF 14A
Definitive proxy
24 Mar 21
DEFA14A
Additional proxy soliciting materials
24 Mar 20
DEF 14A
Definitive proxy
24 Mar 20
DEFA14A
Additional proxy soliciting materials
26 Mar 19
DEF 14A
Definitive proxy
26 Mar 19
DEF 14A
Definitive proxy
22 Mar 18
DEFA14A
Additional proxy soliciting materials
22 Mar 18
DEF 14A
Definitive proxy
23 Mar 17
DEFA14A
Additional proxy soliciting materials
23 Mar 17
Other
SD
Conflict minerals disclosure
18 May 21
SD
Conflict minerals disclosure
13 May 20
SD
Conflict minerals disclosure
10 May 19
UPLOAD
Letter from SEC
18 Nov 18
CORRESP
Correspondence with SEC
13 Nov 18
UPLOAD
Letter from SEC
5 Nov 18
SD
Conflict minerals disclosure
8 May 18
SD
Conflict minerals disclosure
29 May 17
SD
Conflict minerals disclosure
25 May 16
UPLOAD
Letter from SEC
21 Dec 15
Ownership
4
CURTISS WRIGHT / Gary A Ogilby ownership change
9 Jul 21
4
CURTISS WRIGHT / Lynn M Bamford ownership change
9 Jul 21
4
CURTISS WRIGHT / K Christopher Farkas ownership change
9 Jul 21
4
CURTISS WRIGHT / Robert F Freda ownership change
9 Jul 21
4
CURTISS WRIGHT / Paul J Ferdenzi ownership change
9 Jul 21
4
CURTISS WRIGHT / Anthony J Moraco ownership change
9 Jul 21
4
CURTISS WRIGHT / Anthony J Moraco ownership change
10 May 21
4
CURTISS WRIGHT / Tom P Quinly ownership change
10 May 21
3
CURTISS WRIGHT / Anthony J Moraco ownership change
7 May 21
4
CURTISS WRIGHT / Tom P Quinly ownership change
7 Apr 21
Patents
APP
Utility
High Fatigue Strength Components Requiring Areas of High Hardness
1 Jul 20
Metal components subject to wear or contact fatigue in a first area, and subject to bending, axial and/or torsional stress loading in a second area comprise a surface hardened, first surface layer in the first area, and a surface compressive-stress treated, second surface layer in the second area.
GRANT
Utility
High fatigue strength components requiring areas of high hardness
13 Apr 20
Metal components subject to wear or contact fatigue in a first area, and subject to bending, axial and/or torsional stress loading in a second area comprise a surface hardened, first surface layer in the first area; and a surface compressive-stress treated, second surface layer in the second area.
GRANT
Utility
Neutron absorber member configured for insertion into a control rod guide tube of a spent fuel assembly
2 Mar 20
A neutron absorber member including a tube having a split extending radially completely through a sidewall of said tube throughout the entire axial length thereof such that the absorber member has a C-shaped geometry formed by the split.
Transcripts
2020 Q4
Earnings call transcript
27 Feb 21
2020 Q3
Earnings call transcript
1 Nov 20
2020 Q2
Earnings call transcript
8 Aug 20
2020 Q1
Earnings call transcript
8 May 20
2019 Q4
Earnings call transcript
29 Feb 20
2019 Q3
Earnings call transcript
1 Nov 19
2019 Q2
Earnings call transcript
4 Aug 19
2019 Q1
Earnings call transcript
10 May 19
2018 Q4
Earnings call transcript
27 Feb 19
2018 Q3
Earnings call transcript
31 Oct 18
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