Curtiss-Wright (CW) Financials

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-8.93 (-6.91%)

$5.7 B

CW Mkt cap, 14-Jun-2018

$547.5 M

Curtiss-Wright Revenue Q1, 2018

Curtiss-Wright Gross profit (Q1, 2018)248.2 M

Curtiss-Wright Gross profit margin (Q1, 2018), %45.3%

Curtiss-Wright Net income (Q1, 2018)43.6 M

Curtiss-Wright EBIT (Q1, 2018)64.5 M

Curtiss-Wright Cash, 31-Mar-2018396.5 M

Curtiss-Wright EV6.1 B

Curtiss-Wright Financials

Annual

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

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Revenue	600.7 m	641.4 m	652.5 m	559.5 m	546.2 m	545.2 m	525.5 m	503.5 m	532.8 m	507.1 m	523.6 m	567.7 m	567.9 m	547.5 m
Cost of goods sold	341 m	363.7 m	350.8 m	301.6 m	293 m	287.7 m	284 m	264.7 m	279.9 m	261.5 m	286.5 m	299.7 m	292.2 m	299.3 m
Gross profit	259.7 m	277.8 m	301.7 m	257.9 m	253.2 m	257.5 m	241.5 m	238.8 m	252.9 m	245.6 m	237.1 m	267.9 m	275.7 m	248.2 m
Gross profit Margin, %	43%	43%	46%	46%	46%	47%	46%	47%	47%	48%	45%	47%	49%	45%
Sales and marketing expense	38 m	39.6 m	37 m	30.7 m	31.1 m	29.1 m	30.2 m	29.6 m	29.1 m	26.3 m	29 m	28.6 m	28.8 m	31.5 m
R&D expense	16.1 m	18.3 m	17.6 m	16.9 m	15.3 m	15.3 m	15.1 m	15.2 m	15.2 m	14.1 m	15.3 m	15.5 m	14.6 m	15.9 m
General and administrative expense	77.7 m	85.1 m	84.9 m	71.7 m	71.9 m	72.5 m	76.4 m	69.9 m	72.9 m	67.6 m	75.3 m	71.4 m	70.8 m	69.2 m
Operating expense total	131.8 m	143.1 m	139.6 m	119.3 m	118.3 m	116.9 m	121.7 m	114.6 m	117.3 m	107.9 m	119.5 m	115.5 m	114.2 m	116.7 m
EBIT	62.9 m	59.1 m	76.7 m	74.1 m	72.8 m	65.4 m	63.8 m	57.3 m	68.1 m	76.6 m	51.2 m	83.3 m	96.6 m	64.5 m
EBIT margin, %	10%	9%	12%	13%	13%	12%	12%	11%	13%	15%	10%	15%	17%	12%
Interest expense	9.7 m	9.1 m	9 m	9 m	9 m	9 m	9 m	9.9 m	10.3 m	10.5 m	10.4 m	10.8 m	10.5 m	8.2 m
Pre tax profit		50.1 m			64.3 m			47.6 m			41.2 m			61 m
Income tax expense	17.2 m	14.9 m	21.9 m	20.7 m	(21.1 m)	(16.3 m)	(16.9 m)	(14.7 m)	(18 m)	(20.6 m)	(8.6 m)	(22.1 m)	(22.5 m)	(17.3 m)
Net Income	36.4 m	35.2 m	36.4 m	25 m	16 m	25.7 m	33.9 m	32.8 m	40 m	45.9 m	32.5 m	50.7 m	63.9 m	43.6 m

Annual

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
Current Liabilities	534.6 m	572 m	525.2 m	675.3 m
Long-term debt	958.6 m	953.3 m	953.1 m	815.6 m
Total Debt				815.6 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

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Cash	171.4 m	128 m	194.1 m	222.5 m	215.6 m	245 m	247.9 m	337.3 m	383.2 m	452.1 m	272.9 m	342.7 m	432.2 m	396.5 m
Inventories	456.9 m	467.7 m	465.9 m	403.9 m	390.2 m	400.7 m	406.6 m	403 m	397.6 m	399.6 m	395.2 m	396.2 m	397.3 m	386.8 m
Current Assets	1.3 b	1.3 b	1.4 b	1.6 b	1.3 b	1.3 b	1.3 b	1.3 b	1.3 b	1.4 b	1.2 b	1.3 b	1.4 b	1.4 b
PP&E	504.4 m	515.8 m	506.4 m	464.7 m	439.3 m	433.7 m	422.3 m	407.1 m	393.9 m	387.5 m	389.3 m	390.5 m	387.7 m	385.3 m
Goodwill	1 b	1.1 b	1.1 b	991.5 m	984 m	991.3 m	979.1 m	978.6 m	967.9 m	964.4 m	1.1 b	1.1 b	1.1 b	1.1 b
Total Assets	3.3 b	3.5 b	3.5 b	3.5 b	3.1 b	3.1 b	3 b	3 b	3 b	3 b	3 b	3.1 b	3.2 b	3.2 b
Accounts Payable	163.1 m	173.7 m	183.7 m	148.6 m	131.9 m	138.1 m	130.7 m	134.8 m	133.5 m	133.1 m	146.2 m	157.1 m	150.8 m	165.4 m
Dividends Payable	4.7 m
Current Liabilities	501.6 m	499.6 m	546.7 m	576.1 m	483.3 m	465.1 m	458.6 m	457.2 m	482.3 m	488 m	624.8 m	653.8 m	669.2 m	541.3 m
Long-term debt	918.8 m	971.3 m	933.5 m	936 m	965.2 m	949 m	957.5 m	966.9 m	966.5 m	966 m	815.2 m	814.8 m	814.4 m	813.6 m
Total Debt	918.8 m	971.3 m	933.5 m	936 m	965.2 m	949 m	957.5 m	966.9 m	966.5 m	966 m	815.2 m	814.8 m	814.4 m	813.6 m
Total Liabilities	1.8 b	1.9 b	1.9 b	1.9 b	1.7 b	1.7 b	1.7 b	1.7 b	1.7 b	1.7 b	1.7 b	1.7 b	1.7 b	1.6 b
Additional Paid-in Capital	150.7 m	155 m	157.4 m	160 m	153.4 m	154.5 m	156 m	132.9 m	132.4 m	134.6 m	120.1 m	122.6 m	123.6 m	116.2 m
Retained Earnings	1.3 b	1.4 b	1.4 b	1.5 b	1.5 b	1.5 b	1.5 b	1.6 b	1.7 b	1.7 b	1.8 b	1.8 b	1.9 b	2 b
Total Equity	1.5 b	1.6 b	1.6 b	1.6 b	1.4 b	1.4 b	1.3 b	1.3 b	1.3 b	1.3 b	1.3 b	1.4 b	1.5 b	1.6 b
Financial Leverage	2.3 x	2.2 x	2.1 x	2.2 x	2.2 x	2.2 x	2.3 x	2.3 x	2.3 x	2.3 x	2.3 x	2.2 x	2.2 x	2 x

Annual

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

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Net Income	36.4 m	35.2 m	36.4 m	25 m	16 m	41.7 m	75.6 m	32.8 m	72.8 m	118.7 m	32.5 m	83.2 m	147.1 m	43.6 m
Depreciation and Amortization						51.5 m	76.4 m	24.5 m	49 m	72.4 m	24.9 m	50 m	74.8 m	24.6 m
Accounts Receivable						(29.7 m)	(13.1 m)	87 m	85.3 m	95.2 m	(7.4 m)	(27.2 m)	(38.2 m)	(2.5 m)
Inventories														(28.7 m)
Accounts Payable						(56.8 m)	(55.1 m)	(81 m)	(65.9 m)	(58.2 m)	(75.7 m)	(48.2 m)	(42.7 m)	(79.6 m)
Cash From Operating Activities						(111.3 m)	(4.7 m)	70.3 m	156.6 m	267.2 m	(24.9 m)	60.9 m	162.3 m	(71.3 m)
Cash From Investing Activities						(5.8 m)	1.3 m	(8.6 m)	(15.8 m)	(24.2 m)	(249.7 m)	(255.6 m)	(259.6 m)	(9.7 m)
Long-term Borrowings							(8.4 m)			(8.4 m)
Dividends Paid						(6.2 m)	(12.3 m)		(5.8 m)	(11.6 m)		(5.8 m)	(11.5 m)
Cash From Financing Activities						(90 m)	(186.3 m)	(17.7 m)	(41.9 m)	(67.7 m)	(8 m)	(27 m)	(39.4 m)	(5.5 m)