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
Stocks That Hit 52-Week Highs On Monday
12 Apr 21
Curtiss-Wright Selected By Lockheed Martin Aeronautics To Provide First Open Architecture COTS Modules For Service Onboard F-22 Raptor Aircraft
7 Apr 21
Stocks That Hit 52-Week Highs On Tuesday
6 Apr 21
Analyzing Curtiss-Wright's Ex-Dividend Date
26 Mar 21
Price Over Earnings Overview: Curtiss-Wright
25 Feb 21
Press releases
Curtiss-Wright to Announce First Quarter 2021 Financial Results
9 Apr 21
Curtiss-Wright Selected by Lockheed Martin Aeronautics to Provide First Open Architecture COTS Modules for Service Onboard F-22 Raptor Aircraft
7 Apr 21
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Curtiss-Wright Corporation (CW)
2 Apr 21
Curtiss-Wright to Participate in Bank of America Global Industrials Conference 2021
8 Mar 21
Curtiss-Wright Corp. to Host Earnings Call
25 Feb 21
Calendar
25 Feb 21
12 Apr 21
31 Dec 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 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) | 198.25M | 198.25M | 198.25M | 198.25M | 198.25M | 198.25M |
| Cash burn (monthly) | 76.19M | 16.07M | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
| Cash used (since last report) | 260.34M | 54.9M | n/a | n/a | n/a | n/a |
| Cash remaining | -62.1M | 143.35M | n/a | n/a | n/a | n/a |
| Runway (months of cash) | -0.8 | 8.9 | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 6 Apr 21 | Ferdenzi Paul J | Common Stock | Sell | Dispose S | No | Yes | 125 | 2,500 | 312.5K | 22,471 |
| 6 Apr 21 | David Charles Adams | Common Stock | Sell | Dispose S | No | Yes | 125 | 2,500 | 312.5K | 61,240 |
| 5 Apr 21 | Tom P Quinly | Common Stock | Sell | Dispose S | No | No | 120.58 | 11,333 | 1.37M | 58,032 |
| 5 Apr 21 | Tom P Quinly | Common Stock | Option exercise | Aquire M | No | No | 119.93 | 28,818 | 3.46M | 69,365 |
| 5 Apr 21 | Tom P Quinly | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 28,818 | 0 | 3,409 |
| 18 Mar 21 | Lynn J Bamford | RSU Common Stock | Grant | Aquire A | No | No | 0 | 5,835 | 0 | 19,391 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
81.0% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 317 |
| Opened positions | 48 |
| Closed positions | 41 |
| Increased positions | 103 |
| Reduced positions | 119 |
13F shares |
Current |
|---|---|
| Total value | 4.18B |
| Total shares | 33.63M |
| Total puts | 2K |
| Total calls | 26.8K |
| Total put/call ratio | 0.1 |
Largest owners |
Shares | Value |
|---|---|---|
| BLK Blackrock | 3.85M | $448.13M |
| Vanguard | 3.61M | $420.12M |
| Boston Partners | 1.84M | $214.26M |
| Primecap Management | 1.71M | $199.52M |
| STT State Street | 1.38M | $160.82M |
| Wellington Management | 1.16M | $135.23M |
| FMR | 1.14M | $132.78M |
| Natural Investments | 989.3K | $115.1M |
| BK Bank Of New York Mellon | 807.42K | $93.94M |
| LSV Asset Management | 784.34K | $91.26M |
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
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
|
|
New words:
abruptly, anonymously, attention, Bamford, battlefield, behavior, border, chain, code, condensed, contagion, curtailment, DART, deeply, digitalization, distancing, diverse, diversity, electrification, elevated, empowered, enable, ethical, exit, exiting, factor, fear, fell, fewer, forfeited, foster, freight, FYDP, Gary, German, greatly, heightened, HMI, holdback, home, hotline, hygiene, IATA, inclusion, inclusive, inspire, intervention, iv, job, language, leave, lever, light, logistical, Lynn, magnitude, mask, MAX, modular, Norwegian, Ogilby, onset, PacStar, percentile, platform, posed, priority, proceed, professional, promoting, propensity, rank, ratified, recasting, recruit, recruiting, remotely, retaliatory, rewarding, rugged, sharply, situation, slight, slightly, small, solve, speed, stable, staggered, Star, stimulate, stunting, talent, talented, top, track, TRR, website, worker, worsen
Removed:
accrual, Alberta, analyzing, AP, approval, approved, assured, Bench, bypassed, Calgary, care, CNRL, coal, coker, collectability, comprising, computation, consequential, contributor, Court, Crane, Cubic, defend, dispersion, District, EnPro, explosion, FASB, fire, Fort, foundation, GIC, goal, guaranteed, guard, Hexcel, IDEX, interruption, ITT, Judicial, lost, machine, marked, McMurray, mixed, Moog, occurred, opened, pace, peak, percent, persuasive, Queen, recognizing, refinery, remeasured, rendered, retrospectively, rotating, shipped, Spirit, steady, Teledyne, title, TransDigm, trend, Triumph, Trump, unaffiliated, unclear, updated, vigorously, web, Woodward
Financial reports
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
10-K
2018 FY
Annual report
27 Feb 19
Current reports
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
8-K/A
Submission of Matters to a Vote of Security Holders
4 Jun 20
8-K
Departure of Directors or Certain Officers
12 May 20
8-K
Solid Q1 Earnings Performance Driven by Defense Market Sales Growth
7 May 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
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
CORRESP
Correspondence with SEC
10 Dec 15
Ownership
4
CURTISS WRIGHT / Tom P Quinly ownership change
7 Apr 21
4
CURTISS WRIGHT / David Charles Adams ownership change
7 Apr 21
4
CURTISS WRIGHT / Paul J Ferdenzi ownership change
7 Apr 21
4
CURTISS WRIGHT / Gary A Ogilby ownership change
31 Mar 21
3
CURTISS WRIGHT / Kevin Rayment ownership change
31 Mar 21
4
CURTISS WRIGHT / Gary A Ogilby ownership change
25 Mar 21
4
CURTISS WRIGHT / K Christopher Farkas ownership change
19 Mar 21
4
CURTISS WRIGHT / Robert F Freda ownership change
19 Mar 21
4
CURTISS WRIGHT / Paul J Ferdenzi ownership change
19 Mar 21
4
CURTISS WRIGHT / Lynn M Bamford ownership change
19 Mar 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
Reddit threads
CBD Stocks
11 Apr 21
Can anyone shed light on Archegos Capital’s investment strategy that led to their recent margin call?
10 Apr 21
Significant Insider Trading Activity (Last 7 Days)
9 Apr 21
What’s your thoughts on Teladoc Inc ($TDOC)?
7 Apr 21
CRSP Crispr DNA editor
7 Apr 21
S&P 500 Snaps 3-Day Win Streak as Bulls Hit Pause on 'Overbought' Stocks
6 Apr 21
r/SPACs When Someone Dares To Offer A Different Opinion On Our Portfolio' Holdings :)
4 Apr 21
ARKK Morningstar review: Unrestrained, Unaware, and Unconcerned
2 Apr 21
what happens to an ETF if the parent investment company goes broke?
31 Mar 21
Microsoft wins U.S. Army contract for augmented-reality headsets, worth up to $21.9 billion over 10 years
31 Mar 21