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
Subsidiaries
Curtiss Wright Controls Inc. • Curtiss-Wright Electro-Mechanical Corporation • Curtiss-Wright Flow Control Corporation • Dy4 Systems, Inc. • Metal Improvement Company, LLC ...
IRS number
130612970
CW stock data
News

Recap: Curtiss-Wright Q2 Earnings
3 Aug 22
Curtiss-Wright Q2 Adj. EPS $1.83 Beats $1.69 Estimate, Sales $609.00M Beat $603.18M Estimate
3 Aug 22
Curtiss-Wright Secures Contracts To Support Critical US Naval Defense Platforms
3 Aug 22
Earnings Scheduled For August 3, 2022
3 Aug 22
Truist Securities Maintains Buy on Curtiss-Wright, Lowers Price Target to $166
19 Jul 22
Press releases
Curtiss-Wright to Participate in Jefferies 2022 Industrials Conference
5 Aug 22
Curtiss-Wright Reports Second Quarter 2022 Financial Results and Raises Full-year 2022 Guidance
3 Aug 22
Curtiss-Wright Awarded Contracts Valued in Excess of $220M to Support Critical U.S. Naval Defense Platforms
3 Aug 22
Curtiss-Wright Prices $300 Million Debt Offering
1 Aug 22
Curtiss-Wright Awarded Contract by Airbus to Provide Custom Actuation Technology on the New A350F Freighter Aircraft
18 Jul 22
Analyst ratings and price targets
Current price
Average target
$160.50
Low target
$155.00
High target
$166.00
Truist Securities
Maintains
$166.00
Stifel
Maintains
$155.00
Calendar
4 Aug 22
12 Aug 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 171.41M | 171.41M | 171.41M | 171.41M | 171.41M | 171.41M |
Cash burn (monthly) | (no burn) | 2.17M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 3.12M | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 168.3M | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 77.4 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
11 Jul 22 | David Charles Adams | Common Stock | Grant | Acquire A | No | No | 132.06 | 142 | 18.75K | 45,136 |
11 Jul 22 | Anthony J Moraco | Common Stock | Grant | Acquire A | No | No | 132.06 | 190 | 25.09K | 2,126 |
7 Jul 22 | John C Watts | Common Stock | Grant | Acquire A | No | No | 111.35 | 44 | 4.9K | 2,694 |
7 Jul 22 | Ferdenzi Paul J | Common Stock | Grant | Acquire A | No | No | 111.35 | 105 | 11.69K | 15,136 |
7 Jul 22 | Robert J Freda | Common Stock | Grant | Acquire A | No | No | 111.35 | 92 | 10.24K | 2,968 |
Institutional ownership, Q1 2022
81.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 347 |
Opened positions | 57 |
Closed positions | 45 |
Increased positions | 108 |
Reduced positions | 113 |
13F shares | Current |
---|---|
Total value | 4.69B |
Total shares | 31.22M |
Total puts | 35.2K |
Total calls | 24.7K |
Total put/call ratio | 1.4 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 4.3M | $645.77M |
Vanguard | 3.47M | $521.42M |
FMR | 1.92M | $289.05M |
Boston Partners | 1.78M | $267.17M |
STT State Street | 1.5M | $225.53M |
Primecap Management | 1.4M | $210.25M |
IVZ Invesco | 969.85K | $145.63M |
Wellington Management | 756.89K | $113.66M |
BK Bank Of New York Mellon | 736.2K | $110.55M |
Dimensional Fund Advisors | 638.15K | $95.83M |
Financial report summary
?Competition
Circor InternationalManagement Discussion
- Sales for the year increased $115 million, or 5%, to $2,506 million, compared with the prior year period. On a segment basis, sales from the Defense Electronics and Naval & Power segments increased $116 million and $18 million, respectively, with sales from the Aerospace & Industrial segment decreasing $19 million. Changes in sales by segment are discussed in further detail in the "Results by Business Segment" section below.
- Operating income for the year increased $94 million, or 32%, to $383 million, and operating margin increased 320 basis points compared with 2020. In the Aerospace & Industrial segment, increases in operating income and operating margin were primarily due to current year savings recognized as a result of our prior year restructuring initiatives, as well as favorable overhead absorption on higher general industrial sales. Operating income in the Defense Electronics segment increased primarily due to the benefits from our ongoing operational excellence initiatives, the incremental impact of our PacStar acquisition, as well as the absence of first year purchase accounting costs from our 901D acquisition. These increases were partially offset by higher research and development costs and unfavorable foreign currency translation. Operating margin in the Defense Electronics segment was negatively impacted by first year purchase accounting costs from our PacStar acquisition. In the Naval & Power segment, increases in operating income and operating margin were primarily due to current year savings recognized as a result of our prior year restructuring initiatives, as well as lower current period impairment losses on assets held for sale in our German industrial valves business compared to the prior year period.
- Non-segment operating expense for the year increased $2 million, or 6%, to $40 million, primarily due to higher environmental costs.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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New words:
accordion, arresting, deflation, expire, feature, helicopter, inflation, jet, offering, placement, recur, SAA, size, syndicate, terminated, weighted, withholding
Removed:
charge, Director, Unsecured
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
4 Aug 22
8-K
Entry into a Material Definitive Agreement
18 May 22
8-K
Submission of Matters to a Vote of Security Holders
5 May 22
8-K
Results of Operations and Financial Condition
5 May 22
8-K
Curtiss-wright Announces Resolution with Saddle Point
9 Mar 22
8-K
Curtiss-wright Files Preliminary Proxy Statement In Connection with Annual Meeting
2 Mar 22
8-K
Company Achieves Record Full-Year Adjusted Operating Margin of 17.0% and Completes Record $350 Million in Annual Share Repurchases
24 Feb 22
8-K
Other Events
20 Dec 21
8-K
Other Events
18 Nov 21
8-K
Results of Operations and Financial Condition
4 Nov 21
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
25 Mar 22
DEFA14A
Additional proxy soliciting materials
4 Mar 22
PREC14A
Preliminary proxy with contested solicitation
1 Mar 22
DEFA14A
Additional proxy soliciting materials
24 Mar 21
DEFA14A
Additional proxy soliciting materials
24 Mar 20
DEFA14A
Additional proxy soliciting materials
26 Mar 19
DEF 14A
Definitive proxy
26 Mar 19
Other
SD
Conflict minerals disclosure
16 May 22
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
Ownership
4
CURTISS WRIGHT / David Charles Adams ownership change
12 Jul 22
4
CURTISS WRIGHT / Anthony J Moraco ownership change
12 Jul 22
4
CURTISS WRIGHT / Robert F Freda ownership change
8 Jul 22
4
CURTISS WRIGHT / Lynn M Bamford ownership change
8 Jul 22
4
CURTISS WRIGHT / Gary A Ogilby ownership change
8 Jul 22
4
CURTISS WRIGHT / K Christopher Farkas ownership change
8 Jul 22
4
CURTISS WRIGHT / John C Watts ownership change
8 Jul 22
4
CURTISS WRIGHT / Paul J Ferdenzi ownership change
8 Jul 22
3
CURTISS WRIGHT / John C Watts ownership change
16 May 22
4
CURTISS WRIGHT / Anthony J Moraco ownership change
6 Apr 22
Patents
Utility
Sheet Based, In-bundle Reactivity Control Device for Storage of Spent Nuclear Fuel
14 Apr 22
A neutron absorber member is configured to be inserted into a control rod guide tube of a spent fuel assembly.
Utility
Method for Making High Lubricity Abradable Material and Abradable Coating
3 Mar 22
An abradable powder composition is includes a metal component, a lubricant component, and a polymer component.
Utility
Apparatus for Transferring Pressurized Fluid In a Back-to-back Multi-stage Pump
12 Aug 21
A multi-stage pump includes a first set of pump stages directing fluid in a first direction from a first end of the multi-stage pump to a diffuser casing disposed at a central portion of the multi-stage pump.
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.
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.
Transcripts
2022 Q2
Earnings call transcript
6 Aug 22
2022 Q1
Earnings call transcript
7 May 22
2021 Q4
Earnings call transcript
27 Feb 22
2021 Q3
Earnings call transcript
6 Nov 21
2021 Q2
Earnings call transcript
4 Aug 21
2021 Q1
Earnings call transcript
8 May 21
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
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