CURTISS WRIGHT CORP
Business
Curtiss-Wright Corporation is a global integrated manufacturer providing highly engineered products, solutions, and services primarily to aerospace & defense, commercial nuclear power, and industrial markets. The company offers sensors, controls, actuation components, surface technology services, defense electronics including embedded computing and tactical communications, naval propulsion equipment, aircraft arresting systems, and nuclear power plant hardware and valves. Operations span three reportable segments—Aerospace & Industrial, Defense Electronics, and Naval & Power—serving defense primes, commercial aerospace OEMs, and energy and manufacturing companies across North America, Europe, and internationally through precision manufacturing and long-standing customer relationships.
Summary from 10-K filed 2026-02-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net Sales | 3,498 | 3,121 | 2,845 | 2,557 | 2,501 | |
| Cost of sales | 2,197 | 1,968 | 1,778 | 1,602 | 1,573 | |
| Gross profit | 1,302 | 1,154 | 1,067 | 955 | 928 | |
| Research and development expenses | 95 | 92 | 86 | 81 | 88 | |
| Selling expenses | 169 | 145 | 137 | 122 | 117 | |
| General and administrative expenses | 400 | 373 | 360 | 324 | 326 | |
| Restructuring expenses | 5 | 14 | 0 | 0 | 0 | |
| Operating income | 634 | 529 | 485 | 423 | 377 | |
| Interest expense | 43 | 45 | 51 | 47 | — | |
| Other income, net | 30 | 38 | 30 | 13 | 12 | |
| Earnings before income taxes | 620 | 522 | 463 | 389 | 349 | |
| Provision for income taxes | −136 | −117 | −109 | −95 | −86 | |
| Net earnings | 484 | 405 | 355 | 294 | 263 | |
| Basic earnings per share (usd per share) | 12.94 | 10.61 | 9.26 | 7.67 | 6.5 | |
| Diluted earnings per share (usd per share) | 12.87 | 10.55 | 9.2 | 7.62 | 6.47 | |
| Dividends per share | 0.93 | 0.83 | 0.79 | 0.75 | 0.71 | |
| Basic (shares) | 37 | 38 | 38 | 38 | 40 | |
| Diluted (shares) | 38 | 38 | 39 | 39 | 41 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 371 | 385 | 407 | 257 | 171 | |
| Receivables, net | 932 | 835 | 733 | 723 | 647 | |
| Inventories, net | 615 | 541 | 510 | 483 | 412 | |
| Other current assets | 100 | 88 | 68 | 53 | 67 | |
| Total current assets | 2,018 | 1,850 | 1,717 | 1,516 | 1,308 | |
| Property, plant, and equipment, net | 382 | 339 | 333 | 343 | 360 | |
| Goodwill | 1,692 | 1,676 | 1,559 | 1,545 | 1,463 | |
| Other intangible assets, net | 532 | 597 | 558 | 621 | 538 | |
| Operating lease right-of-use assets, net | 199 | 169 | 141 | 154 | 144 | |
| Prepaid pension asset | 334 | 299 | 262 | 223 | 256 | |
| Other assets | 64 | 56 | 51 | 48 | 35 | |
| Total assets | 5,221 | 4,986 | 4,621 | 4,448 | 4,104 | |
| Current portion of long-term and short-term debt | 200 | 90 | 0 | 203 | 0 | |
| Accounts payable | 310 | 247 | 244 | 267 | 212 | |
| Accrued expenses | 243 | 219 | 188 | 174 | 148 | |
| Deferred revenue | 561 | 459 | 304 | 255 | 260 | |
| Other current liabilities | 91 | 80 | 71 | 83 | 103 | |
| Total current liabilities | 1,406 | 1,096 | 807 | 981 | 735 | |
| Long-term debt | 758 | 959 | 1,050 | 1,052 | 1,051 | |
| Deferred tax liabilities, net | 154 | 141 | 132 | 123 | 147 | |
| Accrued pension and other postretirement benefit costs | 71 | 67 | 67 | 58 | 91 | |
| Long-term operating lease liability | 178 | 148 | 119 | 132 | 127 | |
| Other liabilities | 120 | 125 | 118 | 108 | 112 | |
| Total liabilities | 2,688 | 2,536 | 2,293 | 2,467 | 2,277 | |
| Contingencies and Commitments (Notes 9, 13, and 18) | — | — | — | — | — | |
| Common stock, $1 par value, 100,000,000 shares authorized as of December 31, 2025 and December 31, 2024; 49,187,378 shares issued as of December 31, 2025 and December 31, 2024; outstanding shares were 36,859,333 as of December 31, 2025 and 37,650,645 as of December 31, 2024 | 49 | 49 | 49 | 49 | 49 | |
| Additional paid in capital | 165 | 148 | 140 | 135 | 127 | |
| Retained earnings | 4,311 | 3,861 | 3,488 | 3,163 | 2,909 | |
| Accumulated other comprehensive loss | −174 | −243 | −213 | −259 | −190 | |
| Common treasury stock, at cost (12,328,045 shares as of December 31, 2025 and 11,536,733 shares as of December 31, 2024) | −1,817 | −1,365 | −1,135 | −1,107 | −1,068 | |
| Total stockholders' equity | 2,534 | 2,450 | 2,328 | 1,981 | 1,826 | |
| Total liabilities and stockholders' equity | 5,221 | 4,986 | 4,621 | 4,448 | 4,104 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 125 | 108 | 116 | 112 | 114 | |
| (Gain)/loss on sale/disposal of long-lived assets | 362,000 | −10,000 | −3 | −5 | −568,000 | |
| Deferred income taxes | 15 | −12 | 3 | −24 | −10 | |
| Share-based compensation | 22 | 19 | 17 | 15 | 13 | |
| Non-cash restructuring charges | 468,000 | 4 | 0 | 0 | — | |
| Receivables, net | −83 | −89 | −2 | −76 | −61 | |
| Inventories, net | −63 | −35 | −22 | −63 | 14 | |
| Accounts payable and accrued expenses | 74 | 16 | −16 | 98 | 18 | |
| Deferred revenue | 98 | 144 | 48 | −18 | 15 | |
| Pension and postretirement liabilities, net | −28 | −19 | −18 | −15 | −1 | |
| Other current and long-term assets and liabilities | −742,000 | 2 | −29 | 30 | −19 | |
| Net cash provided by operating activities | 643 | 544 | 448 | 295 | 388 | |
| Proceeds from sale/disposal of long-lived assets | 1 | 3 | 9 | 10 | 4 | |
| Additions to property, plant, and equipment | −90 | −61 | −45 | −38 | −41 | |
| Proceeds from sale of equity securities | 8 | 0 | 0 | — | — | |
| Acquisition of businesses, net of cash acquired | 0 | −226 | 0 | −282 | 0 | |
| Additional consideration paid on prior year acquisitions | −10 | 0 | 0 | −5 | −5 | |
| Net cash used for investing activities | −90 | −283 | −36 | −326 | −42 | |
| Borrowings under revolving credit facilities | 475 | 21 | 638 | 1,698 | 456 | |
| Payment of revolving credit facilities | −475 | −21 | −638 | −1,792 | −362 | |
| Principal payments on debt | −90 | 0 | −203 | 0 | −100 | |
| Repurchases of company stock | −465 | −250 | −50 | −57 | −343 | |
| Proceeds from share-based compensation plans | 13 | 11 | 11 | 10 | 10 | |
| Dividends paid | −35 | −32 | −30 | −29 | −29 | |
| Other | −1 | −1 | −1 | −1 | −945,000 | |
| Net cash used for financing activities | −578 | −271 | −273 | 129 | −369 | |
| Effect of exchange-rate changes on cash | 11 | −11 | 11 | −12 | −3 | |
| Net increase (decrease) in cash and cash equivalents | −14 | −22 | 150 | 86 | −27 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is CURTISS WRIGHT CORP's CIK number?
CURTISS WRIGHT CORP's SEC CIK number is 0000026324 (26324). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find CURTISS WRIGHT CORP's SEC filings?
All of CURTISS WRIGHT CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did CURTISS WRIGHT CORP last report earnings?
CURTISS WRIGHT CORP (CW) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-031693). This is CURTISS WRIGHT CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is CURTISS WRIGHT CORP's most recent earnings 8-K?
CURTISS WRIGHT CORP's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001628280-26-031693. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View CURTISS WRIGHT CORP's latest earnings 8-K →
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