01—Abstract
Summary
Summary of the 8-K filed August 11, 2025. Cited figures are marked; the original filing is the authoritative source.
On August 11, 2025, Curtiss-Wright Corporation (NYSE: CW) disclosed that it adopted a Rule 10b5-1 trading plan to repurchase $200 milliona of its common stock, executed under its existing share repurchase authorizations.
The plan is expected to run through the end of August 2025 and will buy shares on each purchase day up to the maximum daily volume permitted under Rule 10b-18. The company said that after completing the plan, it will have roughly $334 millionb of remaining repurchase authorization, down from $534 million currently available. The company also announced that its 2025 share repurchase program is now expected to total $266 million for the year.
That figure comprises the new $200 millionc expansion plus the remaining $60 million tranche of the program initiated in January 2025, which the company expects to complete this year. Management tied the expansion to a recent increase in full-year 2025 guidance across all major financial metrics, and to what it describes as mid-teens earnings compounding and consistent free cash flow generation. For investors, the filing signals a meaningful step-up in shareholder returns and confidence in the balance sheet, while keeping capital available for acquisitions, which management calls an accelerator to organic growth.
The 10b5-1 structure lets the company buy back stock during periods when it might otherwise be restricted by blackout windows. The filing is primarily a capital allocation announcement rather than a financial results report, so investors should look to the 10-Q and 10-K for actual repurchase activity and updated financial detail.
02—Key points
Key Highlights
- Curtiss-Wright adopted a Rule 10b5-1 trading plan on August 11, 2025 to repurchase $200 million of common stock, expected to be completed by the end of August 2025.
- The 2025 share repurchase program is now expected to total $266 million, combining the new $200 million expansion with the remaining $60 million from the January 2025 program.
- Total repurchase authorization currently available is $534 million; approximately $334 million is expected to remain after the plan and current program are completed.
- Management linked the buyback expansion to a recent increase in full-year 2025 guidance across all major financial metrics.
- CEO Lynn Bamford cited mid-teens earnings compounding over time and strong, consistent free cash flow generation as supporting factors.
- The company reiterated that it will continue to prioritize strategic acquisitions as an accelerator to organic growth, alongside reinvestment and shareholder returns.
- Repurchase details will be disclosed in future Form 10-Q and 10-K filings, and the company may adopt additional 10b5-1 plans after this one expires.
03—Questions
Frequently Asked Questions
How much stock is Curtiss-Wright buying back, and over what period?
The 10b5-1 plan covers $200 million of share purchases, which the company expects to complete by the end of August 2025. Total 2025 repurchases are now expected to reach $266 million, including the remaining $60 million from the program started in January 2025.
What does a Rule 10b5-1 trading plan allow the company to do?
It lets a broker buy shares on the company's behalf under pre-set terms, so purchases can continue during periods when the company would otherwise be restricted by self-imposed blackout windows or insider trading considerations. Daily purchases are capped at the maximum volume allowed under Rule 10b-18.
How much repurchase capacity will remain after this program?
Curtiss-Wright expects about $334 million of remaining authorization once the current plan and the January 2025 program are complete. Before the new plan, the company had $534 million available under current authorizations.
Why is the company increasing buybacks now?
Management pointed to a recent increase in its full-year 2025 guidance across all major financial metrics, along with its expectation of mid-teens earnings compounding and strong free cash flow. It stated that its healthy balance sheet supports buybacks alongside acquisitions and reinvestment.
Where can investors find actual repurchase results?
The company will report repurchase activity in its periodic filings on Form 10-Q and Form 10-K, as required by SEC rules. The 8-K itself describes the plan and its intended size but does not report completed trades.
04—Continue