10-K/APeriod: FY2010

CURTISS WRIGHT CORP Annual Report (Amendment), Year Ended Dec 31, 2010

Filed March 4, 2011For Securities:CW

Summary

This filing is an Amendment No. 1 to Curtiss-Wright Corporation's (CW) Form 10-K for the fiscal year ended December 31, 2010. The amendment primarily corrects an XBRL exhibit (Exhibit 101) that contained technical transmission errors and updates the performance graph in Item 5. Investors should note that this amendment does not introduce new financial information or subsequent events, but rather refines the original filing. The performance graph in Item 5 shows that Curtiss-Wright's common stock has demonstrated positive total returns over the five fiscal years ending December 31, 2010. The company's stock performance appears to have outpaced the S&P SmallCap 600 Index and the Russell 2000 Index in 2010, and its cumulative return since 2005 shows it has grown significantly, indicating a potentially strong trend during this period, especially when compared to broader market indices.

Financial Highlights

57 data points
Beta

Revenue

$1.85B

32.7% Gross Margin

Net Income

$102.18M

5.5% Net Margin

EPS (Diluted)

$2.21

Total Assets

$2.23B

Cash & Equivalents

$68.12M

Free Cash Flow

$118.73M

Financial Statements
Beta
Revenue$1.85B
Cost of Revenue$1.25B
Gross Profit$606.26M
R&D Expenses$54.13M
Operating Income$166.69M
Interest Expense$22.11M
Net Income$102.18M
EPS (Basic)$2.23
EPS (Diluted)$2.21
Shares Outstanding (Basic)45.82M
Shares Outstanding (Diluted)46.32M

Key Highlights

  • 1Amendment No. 1 to the 2010 10-K filing corrects XBRL exhibit errors and updates the performance graph.
  • 2The filing does not contain new financial results or reflect events after the original filing date.
  • 3Curtiss-Wright's stock performance showed positive total returns over the five fiscal years ending December 31, 2010.
  • 4The company's stock outperformed the S&P SmallCap 600 and Russell 2000 indices in 2010.
  • 5The performance graph, assuming a $100 investment in 2005, shows substantial growth in company stock value by the end of 2010.
  • 6Curtiss-Wright is a large accelerated filer, indicating significant market capitalization and reporting history.
  • 7Various executive compensation plans, severance agreements, and credit facilities are listed as exhibits, with many incorporated by reference from prior filings.

Frequently Asked Questions

The primary purpose of Amendment No. 1 is to correct errors in the XBRL (eXtensible Business Reporting Language) exhibit (Exhibit 101) that were caused by technical transmission difficulties and to update the performance graph in Item 5. This amendment does not introduce new financial results or reflect events that occurred after the original filing date.

The performance graph indicates that Curtiss-Wright's common stock provided positive total returns over the five fiscal years ending December 31, 2010. In 2010 specifically, the company's stock performance outpaced the S&P SmallCap 600 Index and the Russell 2000 Index. Over the entire five-year period starting from December 31, 2005, the company's stock showed a significant increase in value.

No, this Amendment No. 1 to the 10-K filing specifically states that it does not reflect subsequent events or modify disclosures made in the original Form 10-K. Its sole purpose is to correct technical errors in an exhibit and update the performance graph.

Being a 'large accelerated filer' means that Curtiss-Wright meets certain thresholds for market capitalization (generally $700 million or more as of the last non- குறைக்க month of its most recently completed second fiscal quarter) and has been subject to the reporting requirements of the Securities Exchange Act of 1934 for at least 12 calendar months. This classification typically indicates a well-established company with significant public float.