Curtiss-Wright Corporation is a diversified, multinational provider of highly engineered, technologically advanced products and services that perform critical functions in demanding conditions in the commercial, industrial, defense, and energy markets.
Curtiss-Wright’s Commercial/Industrial segment provides leading edge sensors, controls, sub-systems, and mission critical components, targeted at growing markets worldwide, including commercial aerospace, commercial and specialty vehicles, and a broad range of general industrial markets.
Curtiss-Wright makes critical contributions to vital naval, aerospace and ground defense markets. The Company's product portfolio ranges from managing the flow of liquids on nuclear-powered submarines to controlling the lift, flight, and landing of aircraft, to stabilizing the weapons systems on armored tanks.
Curtiss-Wright’s Power segment provides leading edge technologies to enhance its customers’ safety, reliability and performance in the most demanding environments.
Curtiss-Wright Office Locations
Curtiss-Wright Data and Metrics
Curtiss-Wright Financial Metrics
Revenue (FY, 2016) | 2.1 b |
Revenue growth (FY, 2015 - FY, 2016), % | (4%) |
Gross profit (FY, 2016) | 1 b |
Gross profit margin (FY, 2016), % | 48% |
Net income (FY, 2016) | 187.3 m |
EBIT (FY, 2016) | 308.1 m |
Market capitalization (20-Jul-2017) | 4.2 b |
Closing share price (20-Jul-2017) | 95 |
Cash (31-Dec-2016) | 553.8 m |
EV | 4.5 b |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Revenue | 2.5 b | 2.2 b | 2.2 b | 2.1 b |
Revenue growth, % | (11%) | (2%) | (4%) | |
Cost of goods sold | 1.4 b | 1.2 b | 1.2 b | 1.1 b |
Gross profit | 1.1 b | 1.1 b | 1 b | 1 b |
Gross profit Margin, % | 44% | 47% | 48% | 48% |
Sales and marketing expense | (111.2 m) | |||
R&D expense | (58.6 m) | |||
General and administrative expense | (272.6 m) | |||
Operating expense total | (442.4 m) | |||
EBIT | 233.6 m | 282.4 m | 310.6 m | 308.1 m |
EBIT margin, % | 9% | 13% | 14% | 15% |
Interest expense | 37 m | 35.8 m | 36 m | 41.2 m |
Pre tax profit | 198 m | 246.9 m | 275.2 m | 268 m |
Income tax expense | (60 m) | (77 m) | (82.9 m) | (78.6 m) |
Net Income | 138 m | 113.3 m | 145.5 m | 187.3 m |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Cash | 175.3 m | 450.1 m | 288.7 m | 553.8 m |
Inventories | 367 m | |||
Current Assets | 1.3 b | 1.6 b | 1.3 b | 1.4 b |
PP&E | 515.7 m | 458.9 m | 413.6 m | 388.9 m |
Goodwill | 1.1 b | 998.5 m | 972.6 m | 951.1 m |
Total Assets | 3.5 b | 3.4 b | 3 b | 3 b |
Accounts Payable | 186.9 m | 152.3 m | 163.3 m | 177.9 m |
Total Debt | 815.6 m | |||
Current Liabilities | 534.6 m | 572 m | 525.2 m | 675.3 m |
Total Liabilities | 1.7 b | |||
Additional Paid-in Capital | 150.6 m | 158 m | 144.9 m | 129.5 m |
Retained Earnings | 1.4 b | 1.5 b | 1.6 b | 1.8 b |
Total Equity | 1.6 b | 1.5 b | 1.3 b | 1.3 b |
Debt to Equity Ratio | 0.6 x | |||
Debt to Assets Ratio | 0.3 x | |||
Financial Leverage | 2.2 x | 2.3 x | 2.4 x | 2.4 x |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Net Income | 138 m | 113.3 m | 145.5 m | 187.3 m |
Depreciation and Amortization | 121.5 m | 118.9 m | 100.8 m | 96 m |
Accounts Receivable | 6.6 m | 12.8 m | (77 m) | 91.7 m |
Accounts Payable | 8.6 m | 16.1 m | (447 k) | 4.1 m |
Cash From Operating Activities | 237.8 m | 331.8 m | 162.5 m | 423.2 m |
Cash From Investing Activities | (313.7 m) | 53.4 m | (15.6 m) | (42.9 m) |
Dividends Paid | (18.4 m) | (25 m) | (24.1 m) | (23.1 m) |
Cash From Financing Activities | 140.1 m | (92.4 m) | (289.2 m) | (96.1 m) |
Income Taxes Paid | (16.8 m) | 38.9 m | (7.4 m) | 11.8 m |
| Y, 2016 | |
|---|---|
EV/EBIT | 14.5 x |
EV/CFO | 10.5 x |
Debt/Equity | 0.6 x |
Debt/Assets | 0.3 x |
Financial Leverage | 2.4 x |
