Curtiss-Wright revenue was $2.51 b in FY, 2021
Curtiss-Wright revenue breakdown by business segment: 39.7% from Naval & Power, 31.4% from Aerospace & Industrial and 28.9% from Defense Electronics
Curtiss-Wright revenue breakdown by geographic segment: 41.7% from United States of America, 12.5% from Other Foreign Countries, 41.7% from United States of America and 4.2% from Other
USD | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|
Revenue | 2.5b | 2.4b | 2.5b |
Revenue growth, % | 3% | (4%) | |
Cost of goods sold | 1.6b | 1.6b | 1.6b |
Gross profit | 898.7m | 841.2m | 933.4m |
Gross profit Margin, % | 36% | 35% | 37% |
Sales and marketing expense | 120.9m | 109.5m | 117.0m |
R&D expense | 72.5m | 74.8m | 88.5m |
General and administrative expense | 301.4m | 303.3m | 326.1m |
Operating expense total | 494.8m | 552.4m | 531.6m |
EBIT | 404.0m | 288.8m | 382.7m |
EBIT margin, % | 16% | 12% | 15% |
Interest expense | 31.3m | 35.5m | 40.2m |
Pre tax profit | 396.5m | 263.1m | 354.5m |
Income tax expense | 88.9m | 61.7m | 87.4m |
Net Income | 307.6m | 201.4m | 267.2m |
EPS | 7.2 | 4.8 | 6.6 |
USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
---|---|---|---|---|---|---|---|
Revenue | 601.2m | 550.0m | 571.6m | 597.1m | 621.5m | 620.6m | 559.5m |
Cost of goods sold | 400.7m | 364.0m | 358.8m | 387.3m | 396.8m | 383.6m | 358.1m |
Gross profit | 200.6m | 186.0m | 212.8m | 209.8m | 224.7m | 237.0m | 201.4m |
Gross profit Margin, % | 33% | 34% | 37% | 35% | 36% | 38% | 36% |
Sales and marketing expense | 31.6m | 25.2m | 24.9m | 29.6m | 29.6m | 30.1m | 28.1m |
R&D expense | 18.3m | 18.3m | 17.6m | 21.9m | 23.2m | 21.6m | 20.5m |
General and administrative expense | 76.7m | 76.6m | 77.3m | 73.2m | 77.4m | 79.0m | 87.6m |
Operating expense total | 128.1m | 130.7m | 128.2m | 124.7m | 130.1m | 139.3m | 136.2m |
EBIT | 72.4m | 55.3m | 84.6m | 85.1m | 94.6m | 97.7m | 60.5m |
EBIT margin, % | 12% | 10% | 15% | 14% | 15% | 16% | 11% |
Interest expense | 7.5m | 8.5m | 9.1m | 10.0m | 10.2m | 10.0m | 9.5m |
Pre tax profit | 70.5m | 42.7m | 80.9m | 80.0m | 84.8m | 91.3m | 54.0m |
Income tax expense | 18.7m | 11.7m | 16.3m | 20.5m | 23.4m | 21.6m | 13.3m |
Net Income | 51.8m | 31.0m | 64.6m | 59.5m | 61.4m | 69.7m | 40.7m |
EPS | 0.2 | 0.7 | 1.6 | 1.5 | 1.5 | 1.7 | 1.1 |
USD | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|
Cash | 391.0m | 198.2m | 171.0m |
Accounts Receivable | 632.2m | 588.7m | 647.1m |
Inventories | 424.8m | 428.9m | 411.6m |
Current Assets | 1.5b | 1.3b | 1.3b |
PP&E | 385.6m | 378.2m | 360.0m |
Goodwill | 1.2b | 1.5b | 1.5b |
Total Assets | 3.8b | 4.0b | 4.1b |
Accounts Payable | 222.0m | 201.2m | 211.6m |
Short-term debt | 100.0m | ||
Current Liabilities | 744.7m | 810.4m | 734.9m |
Long-term debt | 905.8m | 1.1b | 1.2b |
Total Debt | 905.8m | 1.2b | 1.2b |
Total Liabilities | 2.0b | 2.2b | 2.3b |
Common Stock | 49.2m | 49.2m | 49.2m |
Additional Paid-in Capital | 116.1m | 122.5m | 127.1m |
Retained Earnings | 2.5b | 2.7b | 2.9b |
Total Equity | 1.8b | 1.8b | 1.8b |
Debt to Equity Ratio | 0.5 x | 0.7 x | 0.6 x |
Debt to Assets Ratio | 0.2 x | 0.3 x | 0.3 x |
Financial Leverage | 2.1 x | 2.2 x | 2.2 x |
USD | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|
Net Income | 307.6m | 201.4m | 267.2m |
Depreciation and Amortization | 102.4m | 115.9m | 114.4m |
Accounts Receivable | (12.6m) | 71.1m | (59.4m) |
Inventories | (3.5m) | 15.5m | 15.3m |
Accounts Payable | (18.6m) | (55.5m) | 17.7m |
Cash From Operating Activities | 421.4m | 261.2m | 387.7m |
Purchases of PP&E | (69.8m) | (47.5m) | (41.1m) |
Cash From Investing Activities | (240.0m) | (532.5m) | (42.4m) |
Long-term Borrowings | (37.9m) | (570.7m) | (462.0m) |
Dividends Paid | (28.2m) | (28.2m) | (28.7m) |
Cash From Financing Activities | (68.1m) | 82.1m | (369.1m) |
Net Change in Cash | 115.0m | (192.8m) | (27.2m) |
USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
---|---|---|---|---|---|---|---|
Net Income | 51.8m | 82.8m | 147.4m | 59.5m | 120.9m | 190.6m | 40.7m |
Depreciation and Amortization | 28.1m | 56.6m | 84.8m | 28.6m | 57.6m | 86.2m | 27.4m |
Accounts Receivable | (1.6m) | 31.9m | 2.0m | (27.6m) | (53.8m) | (81.5m) | (13.4m) |
Inventories | (24.1m) | (40.7m) | (33.3m) | (18.1m) | (15.2m) | (5.0m) | (38.1m) |
Accounts Payable | (98.2m) | (81.8m) | (90.9m) | (71.5m) | (58.2m) | (51.7m) | (79.5m) |
Cash From Operating Activities | (192.6m) | (52.2m) | 3.8m | (26.6m) | 48.5m | 155.8m | (124.3m) |
Purchases of PP&E | (18.6m) | (29.3m) | (36.3m) | (8.5m) | (17.8m) | (27.9m) | (10.9m) |
Cash From Investing Activities | (67.7m) | (108.9m) | (115.9m) | (12.9m) | (20.1m) | (29.8m) | (10.4m) |
Long-term Borrowings | (42.3m) | (231.8m) | (389.4m) | (65.3m) | (163.5m) | (166.8m) | (121.2m) |
Dividends Paid | (7.1m) | (14.2m) | (7.0m) | (14.3m) | |||
Cash From Financing Activities | 39.3m | (51.9m) | 157.9m | (7.1m) | (26.9m) | (84.4m) | 106.2m |
Net Change in Cash | (233.3m) | (235.6m) | 35.8m | (51.2m) | (740.0k) | 36.2m | (34.3m) |
USD | FY, 2019 |
---|---|
EV/EBIT | 16.2 x |
EV/CFO | 15.6 x |
Revenue/Employee | 273.4k |
Debt/Equity | 0.5 x |
Debt/Assets | 0.2 x |
Financial Leverage | 2.1 x |
P/E Ratio | 19.7 |