$4.5 B

CW Mkt cap, 14-Dec-2018

$595.4 M

Curtiss-Wright Revenue Q3, 2018
Curtiss-Wright Gross profit (Q3, 2018)222.5 M
Curtiss-Wright Gross profit margin (Q3, 2018), %37.4%
Curtiss-Wright Net income (Q3, 2018)74.5 M
Curtiss-Wright EBIT (Q3, 2018)97 M
Curtiss-Wright Cash, 30-Sep-2018245.9 M
Curtiss-Wright EV5.1 B

Curtiss-Wright Revenue

Curtiss-Wright revenue was $2.27 b in FY, 2017 which is a 7.7% year over year increase from the previous period.

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Curtiss-Wright Revenue Breakdown

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Curtiss-Wright revenue breakdown by business segment: 24.5% from Defense, 51.1% from Commercial/Industrial and 24.3% from Power

Curtiss-Wright revenue breakdown by geographic segment: 26.0% from Other foreign countries, 5.2% from United Kingdom and 68.8% from United States of America

Curtiss-Wright Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

2.5b2.2b2.2b2.1b2.3b

Revenue growth, %

(11%)(2%)(4%)8%

Cost of goods sold

1.4b1.2b1.2b1.1b1.5b

Gross profit

1.1b1.1b1.0b1.0b818.6m

Gross profit Margin, %

44%47%48%48%36%

Sales and marketing expense

121.5m111.2m120.0m

R&D expense

60.8m58.6m60.3m

General and administrative expense

290.3m272.6m298.5m

Operating expense total

472.6m442.4m478.9m

EBIT

233.6m282.4m310.6m308.1m339.7m

EBIT margin, %

9%13%14%15%15%

Interest expense

37.0m35.8m36.0m41.2m41.5m

Pre tax profit

198.0m246.9m275.2m268.0m299.6m

Income tax expense

(60.0m)(77.0m)(82.9m)(78.6m)84.7m

Net Income

138.0m113.3m145.5m187.3m214.9m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

600.7m641.4m652.5m559.5m546.2m545.2m525.5m503.5m532.8m507.1m523.6m567.7m567.9m547.5m620.3m595.4m

Cost of goods sold

341.0m363.7m350.8m301.6m293.0m287.7m284.0m264.7m279.9m261.5m286.5m299.7m292.2m366.3m393.8m372.9m

Gross profit

259.7m277.8m301.7m257.9m253.2m257.5m241.5m238.8m252.9m245.6m237.1m267.9m275.7m181.2m226.5m222.5m

Gross profit Margin, %

43%43%46%46%46%47%46%47%47%48%45%47%49%33%37%37%

Sales and marketing expense

38.0m39.6m37.0m30.7m31.1m29.1m30.2m29.6m29.1m26.3m29.0m28.6m28.8m31.5m32.7m30.4m

R&D expense

16.1m18.3m17.6m16.9m15.3m15.3m15.1m15.2m15.2m14.1m15.3m15.5m14.6m15.9m15.1m14.2m

General and administrative expense

77.7m85.1m84.9m71.7m71.9m72.5m76.4m69.9m72.9m67.6m75.3m71.4m70.8m69.2m76.7m80.9m

Operating expense total

131.8m143.1m139.6m119.3m118.3m116.9m121.7m114.6m117.3m107.9m119.5m115.5m114.2m116.7m124.4m125.5m

EBIT

62.9m59.1m76.7m74.1m72.8m65.4m63.8m57.3m68.1m76.6m51.2m83.3m96.6m64.5m102.1m97.0m

EBIT margin, %

10%9%12%13%13%12%12%11%13%15%10%15%17%12%16%16%

Interest expense

9.7m9.1m9.0m9.0m9.0m9.0m9.0m9.9m10.3m10.5m10.4m10.8m10.5m8.2m9.6m7.9m

Pre tax profit

50.1m64.3m47.6m41.2m61.0m96.5m92.9m

Income tax expense

17.2m14.9m21.9m20.7m(21.1m)(16.3m)(16.9m)(14.7m)(18.0m)(20.6m)(8.6m)(22.1m)(22.5m)17.3m21.7m18.5m

Net Income

36.4m35.2m36.4m25.0m16.0m25.7m33.9m32.8m40.0m45.9m32.5m50.7m63.9m43.6m74.8m74.5m

Curtiss-Wright Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

175.3m450.1m288.7m553.8m475.1m

Accounts Receivable

463.1m494.9m

Inventories

367.0m378.9m

Current Assets

1.3b1.6b1.3b1.4b1.4b

PP&E

515.7m458.9m413.6m388.9m390.2m

Goodwill

1.1b998.5m972.6m951.1m1.1b

Total Assets

3.5b3.4b3.0b3.0b3.2b

Accounts Payable

186.9m152.3m163.3m177.9m185.2m

Short-term debt

150.7m150.0k

Current Liabilities

534.6m572.0m525.2m675.3m591.0m

Long-term debt

958.6m953.3m953.1m815.6m814.0m

Total Debt

958.6m953.3m953.1m966.3m814.1m

Total Liabilities

1.7b1.7b

Common Stock

49.2m49.2m

Additional Paid-in Capital

150.6m158.0m144.9m129.5m120.6m

Retained Earnings

1.4b1.5b1.6b1.8b1.9b

Total Equity

1.6b1.5b1.3b1.3b1.5b

Debt to Equity Ratio

0.6 x0.6 x0.8 x0.7 x0.5 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x0.3 x0.3 x

Financial Leverage

2.2 x2.3 x2.4 x2.4 x2.1 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

171.4m128.0m194.1m222.5m215.6m245.0m247.9m337.3m383.2m452.1m272.9m342.7m432.2m396.5m218.9m245.9m

Accounts Receivable

518.8m575.1m615.4m

Inventories

456.9m467.7m465.9m403.9m390.2m400.7m406.6m403.0m397.6m399.6m395.2m396.2m397.3m386.8m436.3m429.3m

Current Assets

1.3b1.3b1.4b1.6b1.3b1.3b1.3b1.3b1.3b1.4b1.2b1.3b1.4b1.4b1.3b1.3b

PP&E

504.4m515.8m506.4m464.7m439.3m433.7m422.3m407.1m393.9m387.5m389.3m390.5m387.7m385.3m375.0m370.0m

Goodwill

1.0b1.1b1.1b991.5m984.0m991.3m979.1m978.6m967.9m964.4m1.1b1.1b1.1b1.1b1.1b1.1b

Total Assets

3.3b3.5b3.5b3.5b3.1b3.1b3.0b3.0b3.0b3.0b3.0b3.1b3.2b3.2b3.2b3.3b

Accounts Payable

163.1m173.7m183.7m148.6m131.9m138.1m130.7m134.8m133.5m133.1m146.2m157.1m150.8m165.4m179.6m176.4m

Dividends Payable

4.7m

Short-term debt

982.0k959.0k1.0m

Current Liabilities

501.6m499.6m546.7m576.1m483.3m465.1m458.6m457.2m482.3m488.0m624.8m653.8m669.2m541.3m595.7m597.4m

Long-term debt

918.8m971.3m933.5m936.0m965.2m949.0m957.5m966.9m966.5m966.0m815.2m814.8m814.4m813.6m813.2m812.7m

Total Debt

918.8m971.3m933.5m936.0m965.2m949.0m957.5m966.9m966.5m966.0m815.2m814.8m814.4m814.6m814.1m813.8m

Total Liabilities

1.8b1.9b1.9b1.9b1.7b1.7b1.7b1.7b1.7b1.7b1.7b1.7b1.7b1.6b1.7b1.7b

Common Stock

49.2m49.2m49.2m

Additional Paid-in Capital

150.7m155.0m157.4m160.0m153.4m154.5m156.0m132.9m132.4m134.6m120.1m122.6m123.6m116.2m119.0m123.2m

Retained Earnings

1.3b1.4b1.4b1.5b1.5b1.5b1.5b1.6b1.7b1.7b1.8b1.8b1.9b2.0b2.0b2.1b

Total Equity

1.5b1.6b1.6b1.6b1.4b1.4b1.3b1.3b1.3b1.3b1.3b1.4b1.5b1.6b1.6b1.6b

Debt to Equity Ratio

0.6 x0.6 x0.6 x0.6 x0.7 x0.7 x0.7 x0.8 x0.8 x0.8 x0.6 x0.6 x0.6 x0.5 x0.5 x0.5 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.2 x

Financial Leverage

2.3 x2.2 x2.1 x2.2 x2.2 x2.2 x2.3 x2.3 x2.3 x2.3 x2.3 x2.2 x2.2 x2 x2 x2 x

Curtiss-Wright Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

138.0m113.3m145.5m187.3m214.9m

Depreciation and Amortization

121.5m118.9m100.8m96.0m100.0m

Accounts Receivable

6.6m12.8m(77.0m)91.7m(16.4m)

Inventories

(4.0m)4.4m19.7m

Accounts Payable

8.6m16.1m(447.0k)4.1m4.3m

Cash From Operating Activities

237.8m331.8m162.5m423.2m388.7m

Purchases of PP&E

(35.5m)(46.8m)(52.7m)

Cash From Investing Activities

(313.7m)53.4m(15.6m)(42.9m)(272.3m)

Short-term Borrowings

(70.1m)(8.4m)(8.2m)

Long-term Borrowings

(8.4m)(150.0m)

Dividends Paid

(18.4m)(25.0m)(24.1m)(23.1m)(24.7m)

Cash From Financing Activities

140.1m(92.4m)(289.2m)(96.1m)(213.9m)

Net Change in Cash

(161.4m)265.2m(78.7m)

Income Taxes Paid

(16.8m)38.9m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

36.4m35.2m36.4m25.0m16.0m41.7m75.6m32.8m72.8m118.7m32.5m83.2m147.1m43.6m118.4m192.9m

Depreciation and Amortization

51.5m76.4m24.5m49.0m72.4m24.9m50.0m74.8m24.6m51.3m77.1m

Accounts Receivable

(29.7m)(13.1m)87.0m85.3m95.2m(7.4m)(27.2m)(38.2m)(2.5m)(57.5m)(79.4m)

Inventories

(28.7m)(43.6m)(50.5m)

Accounts Payable

(56.8m)(55.1m)(81.0m)(65.9m)(58.2m)(75.7m)(48.2m)(42.7m)(79.6m)(38.6m)(32.4m)

Cash From Operating Activities

(111.3m)(4.7m)70.3m156.6m267.2m(24.9m)60.9m162.3m(71.3m)26.7m99.0m

Purchases of PP&E

(9.0m)(19.9m)(30.3m)

Cash From Investing Activities

(5.8m)1.3m(8.6m)(15.8m)(24.2m)(249.7m)(255.6m)(259.6m)(9.7m)(230.5m)(237.2m)

Short-term Borrowings

(2.9m)(367.0m)(369.7m)

Long-term Borrowings

(8.4m)(8.4m)

Dividends Paid

(6.2m)(12.3m)(5.8m)(11.6m)(5.8m)(11.5m)(6.6m)(13.2m)

Cash From Financing Activities

(90.0m)(186.3m)(17.7m)(41.9m)(67.7m)(8.0m)(27.0m)(39.4m)(5.5m)(45.9m)(80.7m)

Net Change in Cash

(78.6m)(256.2m)(229.2m)

Curtiss-Wright Ratios

USDY, 2018

EV/EBIT

52.5 x

EV/CFO

51.5 x

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2 x
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Curtiss-Wright Employee Rating

3.295 votes
Culture & Values
3.3
Work/Life Balance
3.4
Senior Management
2.9
Salary & Benefits
3.2
Career Opportunities
3.0
Source