CW SEC Filings
CURTISS WRIGHT CORP - 353 total filings
CURTISS WRIGHT CORP 8-K Report, Corporate Update (Aug 19, 2026)
Curtiss-Wright Corporation (CW) has announced the adoption of a new Rule 10b5-1 trading plan, effective August 18, 2026. This plan allows the company to repurchase up to $100 million of its common stock. This initiative is part of its broader share repurchase programs, which have a total available authorization of $390 million. The new plan is expected to be fully executed by the end of August 2026, at which point the company anticipates having $290 million remaining under its existing authorizations. The implementation of a 10b5-1 plan provides a structured framework for share repurchases, enabling the company to buy back its stock even during periods when it might otherwise be restricted due to insider trading policies or blackout periods. The repurchases will be managed by an appointed broker within the parameters of Rule 10b-18. Investors should note that this action signals management's confidence in the company's financial health and its commitment to returning value to shareholders through share buybacks.
CURTISS WRIGHT CORP 8-K Report, Corporate Update (Aug 11, 2026)
Curtiss-Wright Corporation (CW) has announced the adoption of a new Rule 10b5-1 trading plan, effective August 10, 2026. This plan will facilitate the repurchase of up to $100 million of the Company's common stock. The repurchases are part of its previously authorized share repurchase programs, which have a total remaining capacity of $490 million prior to this new plan. The Company expects this $100 million repurchase program to be completed by the end of August 2026, leaving approximately $390 million in remaining authorization.
CURTISS WRIGHT CORP Quarterly Report for Q2 Ended Jun 30, 2026
CURTISS WRIGHT CORP (CW) reported a strong second quarter and first half of 2026, demonstrating significant year-over-year growth in both revenue and net earnings. Total net sales increased by 5% to $924 million for the quarter and by 9% to $1.84 billion for the six months ended June 30, 2026. This growth was driven by robust performance across its key segments, particularly Aerospace & Industrial and Naval & Power, which saw double-digit sales increases. Profitability also saw substantial improvement, with operating income up 14% for the quarter and 18% for the six months. Net earnings grew by an impressive 25% and 26% respectively for the periods, reflecting effective cost management, favorable product mix, and benefits from restructuring initiatives. The company's financial health is further supported by a strong increase in cash provided by operating activities and a healthy cash balance, indicating continued operational strength and strategic execution.
CURTISS WRIGHT CORP 8-K Report, Financial Results (Aug 6, 2026)
Curtiss-Wright Corporation (CW) has filed an 8-K report on August 6, 2026, to announce its financial results for the second quarter ended June 30, 2026. The company will host a conference call and webcast on August 6, 2026, at 10:00 am ET to discuss these results and provide updated 2026 financial expectations. Investors are directed to the company's website and the SEC filing for the press release and webcast presentation materials. This filing primarily serves as a notification of the earnings release and the associated investor call. While specific financial figures are not detailed within the 8-K text itself, the attached exhibits (Press Release and Presentation) are expected to contain the comprehensive performance data and forward-looking guidance. Investors should consult these exhibits for detailed insights into the company's recent performance and its outlook for the remainder of 2026.
CURTISS WRIGHT CORP 8-K Report, Material Agreement (May 20, 2026)
Curtiss-Wright Corporation (CW) has announced the execution of a new syndicated $1 billion revolving credit facility, replacing its previous $750 million facility. This new credit facility, effective May 19, 2026, and maturing on May 19, 2031, provides increased financial flexibility for the company. The facility is available for general corporate purposes, including potential future acquisitions and support for internal growth initiatives. It also allows for an additional $500 million in incremental term loans or commitment increases, subject to lender discretion. This strategic move enhances Curtiss-Wright's liquidity and capital access, positioning the company to pursue growth opportunities and manage its operations effectively. The new credit agreement includes customary covenants and financial metrics, such as interest coverage and leverage ratios, which are typical for this type of financing. The termination of the prior facility incurred no early termination penalties.
CURTISS WRIGHT CORP 8-K Report, Shareholder Vote Results (May 8, 2026)
Curtiss-Wright Corporation (CW) has filed an 8-K report detailing the outcomes of its Annual Meeting of Stockholders held on May 7, 2026. The meeting focused on key governance and operational matters, with all presented proposals receiving strong support from shareholders. This indicates continued confidence in the company's leadership and strategic direction among its investor base. Key outcomes include the re-election of all director nominees and the ratification of Deloitte & Touche LLP as the independent auditor for fiscal year 2026. Furthermore, shareholders provided an advisory vote of approval for executive compensation. These results generally suggest a stable governance environment and a positive reception to the company's disclosed executive pay structure.
CURTISS WRIGHT CORP Quarterly Report for Q1 Ended Mar 31, 2026
Curtiss-Wright Corporation (CW) reported strong financial performance for the first quarter of 2026, demonstrating significant year-over-year growth across key metrics. Total net sales increased by 13% to $913.7 million, driven by robust demand across all three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power. This top-line growth translated into a substantial 23% increase in operating income, reaching $159.5 million, with a corresponding improvement in operating margin to 17.5%. The company's net earnings surged by 26% to $128.2 million, resulting in diluted earnings per share of $3.46, up from $2.68 in the prior year period. This quarter's performance highlights the company's ability to capitalize on favorable market conditions, particularly within the Aerospace & Defense sectors, which represent approximately 70% of its expected 2026 revenues. The Naval & Power segment showed exceptional growth with a 21% sales increase and a 43% surge in operating income, boosted by contributions from submarine programs and commercial nuclear products. Investors can look forward to continued strength, supported by a healthy backlog of approximately $4.3 billion, with 90% expected to be recognized as net sales over the next three years.
CURTISS WRIGHT CORP 8-K Report, Financial Results (May 7, 2026)
Curtiss-Wright Corporation (CW) has filed an 8-K report on May 7, 2026, primarily announcing its financial results for the first quarter ended March 31, 2026. The company held a conference call and webcast on May 7, 2026, where management discussed these Q1 2026 financial performance results and provided updated expectations for the full fiscal year 2026. The press release and webcast presentation, furnished as exhibits, contain the detailed financial outcomes and forward-looking guidance. While the specific financial figures are not detailed within this 8-K filing itself, it directs investors to the accompanying press release (Exhibit 99.1) and webcast presentation (Exhibit 99.2) for comprehensive details on revenue, profitability, and any changes to their 2026 outlook. Investors are encouraged to review these attached documents, available on the company's investor relations website, for a complete understanding of Curtiss-Wright's recent performance and future projections.
CURTISS WRIGHT CORP 8-K Report, Financial Results (Feb 12, 2026)
Curtiss-Wright Corporation (CW) has filed an 8-K report on February 12, 2026, to announce its financial results for the fourth quarter and full year ended December 31, 2025. The filing primarily serves to furnish the press release (Exhibit 99.1) and the investor webcast presentation (Exhibit 99.2) detailing these results and providing forward-looking guidance for 2026. Investors should note that the information provided in this report is furnished and not deemed 'filed' under Section 18 of the Securities Exchange Act of 1934, meaning it does not carry the same regulatory implications as a filed document. The attached press release and presentation, hosted by CEO Lynn M. Bamford and CFO K. Christopher Farkas, are crucial for understanding the company's recent performance and its outlook for the upcoming fiscal year. The webcast, held on February 12, 2026, offered management's detailed discussion and provided an opportunity for investors to ask questions. Replays and the materials are accessible via the company's Investor Relations website.
CURTISS WRIGHT CORP Annual Report, Year Ended Dec 31, 2025
Curtiss-Wright Corporation's (CW) 2025 Form 10-K highlights a year of robust growth, with total sales increasing by 12% to $3.5 billion and operating income surging by 20% to $634 million. This strong performance was driven by broad-based strength across its three reportable segments: Aerospace & Industrial, Defense Electronics, and Naval & Power. The company benefited from increased demand in both defense and commercial aerospace markets, with notable growth in naval shipbuilding programs and commercial nuclear power services. Strategically, Curtiss-Wright's "Pivot to Growth" initiative continues to yield positive results, emphasizing top-line acceleration through organic and inorganic growth. The company also demonstrated strong financial discipline, increasing its backlog by 18% to $4.1 billion, a testament to the continued demand for its highly engineered products and solutions. Key financial metrics like diluted EPS also saw significant improvement, reflecting effective operational management and a favorable market environment. The company also actively managed its capital structure, including share repurchases and dividend payments, reinforcing its commitment to shareholder value.
CURTISS WRIGHT CORP 8-K Report, Corporate Update (Nov 21, 2025)
Curtiss-Wright Corporation (CW) announced on November 20, 2025, a significant expansion of its share repurchase program, with its Board of Directors authorizing an additional $416 million in common stock repurchases. This brings the total available authorization to $550 million, incorporating previously available funds. The company intends to utilize these funds for various methods, including open market purchases and accelerated share repurchases, to offset equity compensation dilution and for opportunistic buybacks. Furthermore, Curtiss-Wright has adopted two Rule 10b5-1 trading plans, effective January 2, 2026, and ending December 31, 2026. The first plan allocates $60 million for equal-paced repurchases throughout 2026. The second plan allows for up to $100 million in repurchases, subject to a price limit, providing flexibility within regulatory guidelines. These initiatives signal management's confidence in the company's financial health and its commitment to enhancing shareholder value.
CURTISS WRIGHT CORP Quarterly Report for Q3 Ended Sep 30, 2025
Curtiss-Wright Corporation reported a strong third quarter and nine-month performance, demonstrating robust revenue growth and improved profitability. Total net sales increased by 9% year-over-year for the quarter and 11% for the nine-month period, driven by broad-based strength across its key segments: Aerospace & Industrial, Defense Electronics, and Naval & Power. This top-line growth translated into significant improvements in operating income, which rose by 15% for the quarter and 21% for the nine months, with operating margins expanding due to higher sales, operational efficiencies, and the benefits of restructuring initiatives. The company also saw a healthy increase in new orders, signaling continued demand for its highly engineered products and solutions.
CURTISS WRIGHT CORP 8-K Report, Exhibit Filing (Nov 6, 2025)
Curtiss-Wright Corporation (CW) has filed an 8-K report on November 6, 2025, to announce its third-quarter financial results for the period ending September 30, 2025. While the specific financial figures are not detailed within the text of the 8-K, the filing indicates that a press release detailing these results was issued on November 5, 2025. This press release, along with a presentation, has been furnished as exhibits and will be available on the company's Investor Relations website.
CURTISS WRIGHT CORP 8-K Report, Corporate Update (Sep 11, 2025)
Curtiss-Wright Corporation (CW) announced on September 11, 2025, the adoption of a new written trading plan under Rule 10b5-1, effective September 10, 2025. This plan is designed to facilitate share repurchases totaling $200 million, which is expected to be completed by the fourth quarter of 2025. This initiative is part of the company's broader share repurchase programs, which have a total available authorization of $334 million, leaving approximately $134 million in repurchase capacity after the current plan's execution. The implementation of a Rule 10b5-1 trading plan allows Curtiss-Wright to strategically buy back its own stock even during periods when insider trading restrictions or self-imposed blackout periods might otherwise prevent such activities. The company has appointed a broker to execute these repurchases according to the plan's specific terms and limitations. This move signals management's confidence in the company's financial health and its commitment to returning value to shareholders.
CURTISS WRIGHT CORP 8-K Report, Corporate Update (Aug 11, 2025)
Curtiss-Wright Corporation (CW) announced on August 11, 2025, the adoption of a written trading plan under Rule 10b5-1, designed to facilitate the repurchase of its common stock. This new plan will involve the purchase of up to $200 million worth of shares, with repurchases expected to be completed by the end of August 2025. This initiative is part of the Company's broader share repurchase programs, which have a total available authorization of $534 million. Upon completion of this $200 million plan, Curtiss-Wright expects to retain approximately $334 million in remaining repurchase authorization. The adoption of a Rule 10b5-1 trading plan provides a structured framework for share repurchases, allowing the Company to buy back shares even during periods when internal trading restrictions might otherwise apply. This demonstrates a commitment to returning capital to shareholders and managing its capital structure efficiently. Investors should note that the specifics of the daily purchases will adhere to Rule 10b-18 volume limitations, and further details on repurchases will be disclosed in the Company's regular SEC filings.
CURTISS WRIGHT CORP 8-K Report, Exhibit Filing (Aug 7, 2025)
Curtiss-Wright Corporation (CW) has filed an 8-K report on August 7, 2025, to announce its financial results for the second quarter ended June 30, 2025. The filing includes a press release (Exhibit 99.1) and a webcast presentation (Exhibit 99.2) which provide detailed financial performance for the quarter. A conference call was held on August 7, 2025, where management discussed these results and provided updated expectations for the full fiscal year 2025. Investors should note that the press release and presentation contain forward-looking statements and are furnished, not filed, with the SEC, meaning they do not carry the same liability as officially filed documents under Section 18 of the Securities Exchange Act of 1934. The company has made these materials available on its Investor Relations website for easy access and review.
CURTISS WRIGHT CORP Quarterly Report for Q2 Ended Jun 30, 2025
Curtiss-Wright Corporation (CW) reported a strong second quarter and a robust first half of 2025, demonstrating significant year-over-year growth across key financial metrics. Total net sales increased by 12% to $876.6 million for the quarter and by 12% to $1.68 billion for the six months ended June 30, 2025. This growth was primarily driven by strong performance in the Naval & Power segment, which saw a 19% increase in sales for both the quarter and the year-to-date period, fueled by demand in naval defense and the power & process markets, including contributions from recent acquisitions. The Defense Electronics segment also showed healthy growth with a 11% increase in quarterly sales and a 13% increase year-to-date. Profitability saw a substantial improvement, with operating income growing 21% to $156.3 million for the quarter and 25% to $285.5 million for the six months. This expansion in operating income outpaced sales growth, leading to improved operating margins across all segments, with an overall increase of 170 basis points for the year-to-date period. Net earnings also saw significant gains, rising 22% to $121.1 million for the quarter and 26% to $222.4 million for the six months. The company's financial position remains solid, with a strong backlog and ample liquidity, supported by a substantial unused credit facility. Investors can look forward to continued growth driven by defense spending and strategic market positions.
CURTISS WRIGHT CORP 8-K Report, Corporate Update (May 15, 2025)
Curtiss-Wright Corporation (CW) announced a significant expansion of its share repurchase program. On May 14, 2025, the Board of Directors authorized an additional $400 million for the repurchase of common stock. This brings the total available authorization to $534 million, incorporating the remaining $134 million from prior authorizations. This move signals management's confidence in the company's financial health and its commitment to returning value to shareholders. While a portion of the repurchases is intended to offset the dilutive effects of employee equity compensation, the substantial additional authorization suggests potential for opportunistic buybacks, which could enhance earnings per share and signal management's belief that the stock is undervalued.
CURTISS WRIGHT CORP 8-K Report, Exhibit Filing (May 8, 2025)
Curtiss-Wright Corporation (CW) announced its first-quarter 2025 financial results on May 7, 2025, via a press release, with further discussion planned for a conference call on May 8, 2025. While the specific financial figures are not detailed within this 8-K filing, the report serves as a notification of the earnings release and the associated investor call. Investors should look to the press release (Exhibit 99.1) and the webcast presentation (Exhibit 99.2) for comprehensive details on the company's performance for the quarter ended March 31, 2025, and management's outlook for the remainder of 2025. These documents will contain the key financial metrics, operational updates, and forward-looking guidance crucial for investment decisions.
CURTISS WRIGHT CORP Quarterly Report for Q1 Ended Mar 31, 2025
Curtiss-Wright Corporation (CW) reported a strong first quarter for 2025, demonstrating significant year-over-year growth in both sales and profitability. Total net sales increased by 13% to $805.6 million, driven by robust performance across all three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power. This top-line growth translated into a substantial 32% increase in net earnings, which rose to $101.3 million from $76.5 million in the prior year period. Diluted earnings per share saw a corresponding rise to $2.68 from $1.99. The company's strategic focus on its core Aerospace & Defense markets continues to yield positive results, with these markets contributing 70% of total revenue. The company also highlighted the benefits of its operational excellence initiatives and favorable foreign currency translation in improving operating margins, which expanded by 200 basis points to 16.0%. Despite a planned repayment of $90 million in debt during the quarter, the company maintains a strong liquidity position, with significant availability under its credit facility.
CURTISS WRIGHT CORP 8-K Report, Shareholder Vote Results (May 8, 2025)
Curtiss Wright Corp (CW) filed an 8-K on May 8, 2025, reporting on the outcomes of its Annual Meeting of Stockholders held the same day. The key takeaway for investors is the strong shareholder support for the company's leadership and governance. All director nominees were overwhelmingly elected, indicating continued confidence in the board's direction. Furthermore, shareholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for 2025, a crucial step for maintaining financial transparency and integrity. The report also shows advisory approval of executive compensation. This consistent shareholder endorsement of both the board and the auditor is a positive signal for the company's stability and management's effectiveness. Investors can interpret these results as a sign of alignment between management and shareholders on critical governance matters.
CURTISS WRIGHT CORP 8-K Report, Financial Results (Feb 13, 2025)
Curtiss-Wright Corp (CW) filed an 8-K on February 13, 2025, to report its financial results for the fiscal year ended December 31, 2024. The filing primarily serves as notification of the earnings release and upcoming conference call, rather than detailing specific financial figures within the 8-K itself. Investors can access the detailed financial performance, including actual results for 2024 and forward-looking expectations for 2025, through the press release and presentation attached as exhibits. The company management will discuss these results and outlook during a webcast on February 13, 2025.
CURTISS WRIGHT CORP Annual Report, Year Ended Dec 31, 2024
Curtiss-Wright Corporation (CW) reported a strong fiscal year 2024, demonstrating robust growth across its diverse segments. Total sales increased by 10% to $3.12 billion, driven by significant expansion in the Defense Electronics and Naval & Power segments, which both saw 12% sales growth. The Aerospace & Industrial segment also contributed positively with a 5% sales increase. This top-line growth translated into a 9% increase in operating income, reaching $529 million, indicating effective cost management and favorable overhead absorption. The company's strategic focus on its 'Pivot to Growth' strategy, which emphasizes organic and inorganic growth, operational excellence, and disciplined capital allocation, appears to be yielding positive results. Management's outlook remains optimistic, supported by strong new orders and a growing backlog, particularly in defense-related areas, reflecting continued demand for CW's highly engineered products and services in critical aerospace, defense, and industrial markets.
CURTISS WRIGHT CORP 8-K Report, Corporate Update (Dec 16, 2024)
Curtiss-Wright Corporation (CW) announced on December 16, 2024, the adoption of a Rule 10b5-1 trading plan to facilitate share repurchases. This plan allows the company to buy back up to $100 million of its common stock, commencing on December 16, 2024, and expected to conclude by December 31, 2024. This initiative is part of the company's broader share repurchase program, which has a total available authorization of $240 million.
CURTISS WRIGHT CORP 8-K Report, Corporate Update (Nov 19, 2024)
Curtiss-Wright Corporation (CW) announced on November 19, 2024, the adoption of two Rule 10b5-1 trading plans, effective January 2, 2025, through December 31, 2025. These plans are designed to facilitate share repurchases under its existing $300 million share repurchase program. This strategic move allows the company to buy back its own stock even during periods when it might otherwise be restricted due to blackout periods or insider trading regulations, demonstrating a commitment to capital return to shareholders. The first plan allocates $60 million for an equal amount of purchases throughout 2025, providing a predictable pace for buybacks. The second plan, for up to $100 million, is more flexible and includes a price limit, meaning repurchases will only occur if the stock price meets certain conditions. These actions signal management's confidence in the company's financial health and its commitment to enhancing shareholder value through opportunistic share repurchases.
CURTISS WRIGHT CORP 8-K Report, Executive Changes (Nov 14, 2024)
Curtiss-Wright Corporation (CW) announced a significant leadership transition within its legal department via an 8-K filing on November 14, 2024. Paul J. Ferdenzi, the long-serving Vice President, General Counsel, and Corporate Secretary, is retiring at year-end. He will step down from his primary executive roles effective November 13, 2024, but will remain with the company in a Vice President capacity until December 31, 2024, ensuring a smooth handover. Following a planned succession, George P. McDonald, formerly Deputy General Counsel, has been appointed as the new Vice President, General Counsel, and Corporate Secretary, effective November 13, 2024. McDonald's extensive tenure with the company, including his prior role as Associate General Counsel since February 1999, positions him well to lead the legal function. This transition, detailed in an accompanying press release furnished as an exhibit, is a key development for the company's governance and operational continuity.
CURTISS WRIGHT CORP Quarterly Report for Q3 Ended Sep 30, 2024
Curtiss-Wright Corporation reported a strong third quarter and nine-month performance, driven by robust sales growth across its key segments, particularly Defense Electronics and Naval & Power. Total net sales increased by 10% for the quarter and 12% year-to-date, reflecting broad-based demand in aerospace & defense and commercial markets. Net earnings saw a significant uplift, growing 15% for the quarter and 22% year-to-date, underscoring the company's operational efficiency and effective cost management. The company also announced a definitive agreement to acquire Ultra Energy for $200 million, expected to close in Q4 2024, which will further bolster its Naval & Power segment. Looking ahead, Curtiss-Wright continues to focus on strategic growth initiatives, including acquisitions and optimizing operational efficiencies through its 2024 Restructuring Program, which is expected to yield approximately $10 million in annual cost savings. The company maintains a solid financial position with ample liquidity and a strong order backlog of approximately $3.3 billion, with 90% expected to be recognized as revenue over the next 36 months, providing good visibility into future performance.
CURTISS WRIGHT CORP 8-K Report, Financial Results (Oct 31, 2024)
Curtiss-Wright Corporation (CW) has filed an 8-K on October 31, 2024, to announce its third-quarter 2024 financial results, which were released on October 30, 2024. The filing includes the press release and presentation materials that management will discuss during a webcast conference call scheduled for October 31, 2024. Investors should pay close attention to the details provided in these exhibits for a comprehensive understanding of the company's performance and future outlook. The primary purpose of this 8-K is to provide public access to the company's latest financial performance data and forward-looking guidance. The attached press release (Exhibit 99.1) and webcast presentation (Exhibit 99.2) are crucial resources for investors to assess the company's operational and financial health, evaluate management's commentary during the conference call, and make informed investment decisions. The information furnished in this report is not considered "filed" for Section 18 purposes but is essential for staying updated on CW's financial trajectory.
CURTISS WRIGHT CORP 8-K Report, Corporate Update (Sep 12, 2024)
Curtiss-Wright Corporation (CW) announced on September 11, 2024, the adoption of a written trading plan under Rule 10b5-1 to facilitate its previously announced share repurchase programs. This plan, which is effective from September 11, 2024, through December 31, 2024, will involve the repurchase of up to $100 million of the Company's common stock. Purchases will be made in accordance with Rule 10b-18 limitations on any given purchase day.
CURTISS WRIGHT CORP 8-K Report, Financial Results (Aug 8, 2024)
Curtiss-Wright Corporation (CW) filed an 8-K on August 8, 2024, primarily to announce its second quarter 2024 financial results, which were released after market close on August 7, 2024. The filing directs investors to the accompanying press release (Exhibit 99.1) and webcast presentation (Exhibit 99.2) for detailed financial performance and forward-looking expectations. While the 8-K itself does not contain the specific financial figures, it signifies the official release of Q2 2024 results and upcoming investor call scheduled for August 8, 2024. Investors are encouraged to review the referenced exhibits for insights into revenue, earnings, profitability, segment performance, and updated guidance for the remainder of 2024. Management will be discussing these results and outlook on the scheduled conference call.
CURTISS WRIGHT CORP Quarterly Report for Q2 Ended Jun 30, 2024
Curtiss-Wright Corporation reported strong financial performance for the second quarter and first half of 2024, demonstrating significant year-over-year growth in net sales and net earnings. Total net sales for the quarter rose by 11% to $784.8 million, with a corresponding 23% increase in net earnings to $99.5 million, or $2.58 per diluted share. For the six-month period, net sales grew 12% to $1.5 billion, and net earnings surged 28% to $176 million, or $4.58 per diluted share. This growth was driven by robust performance across all three operating segments, particularly Defense Electronics, which saw substantial increases in both sales and operating income, benefiting from higher demand for tactical communications equipment and embedded computing solutions. The company also highlighted a significant increase in new orders, up 18% for the quarter and 22% year-to-date, signaling strong future revenue potential. The balance sheet remains solid, with improved operating cash flow and ample liquidity, including $732 million in unused credit availability. Management is actively managing capital through share repurchases and a recent dividend increase, while also initiating a restructuring program expected to yield annual cost savings. The company is also strategically expanding through acquisitions, with a notable agreement to acquire Ultra Energy for $200 million, expected to close in the third quarter.
CURTISS WRIGHT CORP 8-K Report, Regulation FD Disclosure (May 21, 2024)
Curtiss-Wright Corporation (CW) filed an 8-K on May 21, 2024, to announce its 2024 Investor Day event. During this event, the company presented its "Pivot to Growth" strategy, designed to drive continued profitable expansion. A key focus was the introduction of new long-term financial targets aimed at demonstrating the company's future growth trajectory and shareholder value creation potential. Investors and analysts were provided with an in-depth review of the company's strategic direction and financial outlook. The full press release and presentation slides are available as exhibits to this filing and on Curtiss-Wright's investor relations website, offering a comprehensive look at management's plans and aspirations for the coming years. The company will maintain archived replays of the webcast for one year.
CURTISS WRIGHT CORP 8-K Report, Corporate Update (May 10, 2024)
Curtiss-Wright Corporation (CW) announced significant capital allocation decisions via an 8-K filing on May 10, 2024, stemming from Board of Directors' actions on May 9, 2024. Investors should note the authorization of an additional $300 million for share repurchases, bringing the total available authorization to $400 million. This move signals management's confidence in the company's value and its commitment to returning capital to shareholders, potentially boosting the stock price and EPS by reducing the number of outstanding shares. In addition to the share buyback program, the company also approved a 5% increase in its quarterly dividend, raising it to $0.21 per share. This dividend hike, payable in July, demonstrates a consistent focus on shareholder returns through income generation. The share repurchase program has no expiration date and will be executed opportunistically, likely to offset equity compensation dilution and for discretionary purposes, while the dividend increase reflects a stable outlook for the company's financial performance.
CURTISS WRIGHT CORP 8-K Report, Shareholder Vote Results (May 3, 2024)
Curtiss-Wright Corporation (CW) held its Annual Meeting of Stockholders on May 2, 2024, with all key proposals receiving strong support. The election of directors and the ratification of Deloitte & Touche LLP as the independent auditor for 2024 were overwhelmingly approved, indicating continued confidence from shareholders in the company's leadership and financial oversight. Furthermore, shareholders also approved the 2024 Omnibus Incentive Plan and an advisory resolution on executive compensation. These approvals suggest alignment between the company's strategic direction, its incentive structures, and investor sentiment regarding executive pay. The significant majority of votes in favor for each item demonstrates broad shareholder backing for the company's governance and operational strategies.
CURTISS WRIGHT CORP 8-K Report, Financial Results (May 2, 2024)
Curtiss-Wright Corporation (CW) filed an 8-K on May 2, 2024, to announce its first quarter 2024 financial results, reported on May 1, 2024. The report primarily serves to attach the press release and presentation materials that detail the company's performance and outlook. Investors should note that these furnished materials are not considered "filed" for SEC liability purposes but provide crucial insights into the company's operational and financial standing. The accompanying press release (Exhibit 99.1) and webcast presentation (Exhibit 99.2) are key resources for understanding CW's Q1 2024 performance and its expectations for the remainder of 2024. Management, including CEO Lynn M. Bamford and CFO K. Christopher Farkas, hosted a conference call on May 2, 2024, to discuss these results, offering investors direct commentary and guidance.
CURTISS WRIGHT CORP Quarterly Report for Q1 Ended Mar 31, 2024
Curtiss-Wright Corporation (CW) reported a strong first quarter for 2024, with a significant 13% increase in total net sales to $713.2 million, driven by broad-based growth across its key segments, particularly Defense Electronics. Net earnings rose a robust 35% to $76.5 million, translating to diluted earnings per share of $1.99, up from $1.48 in the prior year period. This performance reflects effective operational execution and favorable market dynamics, especially within the aerospace and defense sectors. The company's strategic focus on its core markets is yielding positive results, with substantial growth in new orders, up 26% to over $900 million. This strong order book provides good visibility into future revenue. While the company experienced a decrease in comprehensive income due to foreign currency translation adjustments, the underlying profitability and sales growth indicate a healthy operational trajectory. Management's focus on disciplined capital allocation, including share repurchases, and its solid liquidity position, further underscore the company's financial strength.
CURTISS WRIGHT CORP Annual Report, Year Ended Dec 31, 2023
Curtiss-Wright Corporation's 2023 Form 10-K highlights a strong performance driven by its core Aerospace & Defense (A&D) and critical commercial markets. The company demonstrated robust sales growth across all three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power. This growth was fueled by increased demand in defense programs, a rebound in commercial aerospace, and continued strength in the power and process sectors, particularly nuclear. The company's strategy focuses on "Pivot to Growth," emphasizing organic and inorganic sales acceleration, operational excellence, and disciplined capital allocation, including share repurchases and dividends. Financial results show a significant increase in net earnings and operating income, supported by favorable pricing and operational efficiencies, despite inflationary pressures. Curtiss-Wright's diversified business model, with a substantial portion of revenue (56% in 2023) tied to U.S. government defense spending, provides a degree of stability. The company is well-positioned to capitalize on long-term trends such as increased global defense spending and the growing demand for advanced nuclear technologies. While managing risks related to supply chain, geopolitical events, and economic volatility, Curtiss-Wright continues to invest in innovation and leverage its engineering expertise to drive shareholder value. The company maintained effective internal controls over financial reporting and reported no material cybersecurity incidents in 2023.
CURTISS WRIGHT CORP 8-K Report, Financial Results (Feb 15, 2024)
Curtiss-Wright Corporation (CW) filed an 8-K on February 15, 2024, to announce its financial results for the fourth quarter and full year ended December 31, 2023, and to provide its financial outlook for 2024. The company has also scheduled a conference call and webcast for February 15, 2024, to discuss these results and expectations. Investors should note that the information furnished in this report, including the press release and presentation slides, is not considered "filed" with the SEC and will not be incorporated into future SEC filings. The primary purpose of this 8-K is to provide timely disclosure of the company's performance and forward-looking guidance.
CURTISS WRIGHT CORP 8-K Report, Corporate Update (Nov 28, 2023)
Curtiss-Wright Corporation (CW) announced on November 27, 2023, the adoption of two new written trading plans under Rule 10b5-1, a move designed to facilitate ongoing share repurchases. These plans are part of the company's previously authorized $550 million share repurchase program, of which approximately $400 million has been utilized. The adoption of these plans allows for strategic stock buybacks even during periods where insider trading restrictions might otherwise apply, demonstrating a commitment to returning value to shareholders. Investors can anticipate two distinct repurchase strategies. The first plan allocates $50 million for repurchases to be executed equally throughout calendar year 2024, providing a consistent buyback activity. The second plan allows for up to $100 million in potential purchases, but these will be contingent on specific price limitations, indicating a more opportunistic approach. Both plans are set to commence on January 2, 2024, and conclude by December 31, 2024. The company will continue to report on its repurchase activities in its periodic SEC filings.
CURTISS WRIGHT CORP Quarterly Report for Q3 Ended Sep 30, 2023
Curtiss-Wright Corporation reported strong financial results for the third quarter and the first nine months of 2023, demonstrating significant revenue and earnings growth across its key segments. Total net sales increased by 15% year-over-year for the quarter and 14% for the nine-month period, driven by robust performance in Aerospace & Industrial, Defense Electronics, and Naval & Power segments. The company's operational efficiency is highlighted by a notable increase in operating income, up 23% for the quarter and 22% for the nine months, with a corresponding expansion in operating margins, particularly in the Defense Electronics segment. Key drivers for this growth include strong demand in defense markets, continued recovery in commercial aerospace, and increased activity in power and process sectors. The company also benefited from the positive impact of acquisitions and favorable overhead absorption. While facing some headwinds like unfavorable naval contract adjustments and product mix in certain areas, the overall financial health appears robust. The balance sheet shows solid liquidity, with substantial cash and cash equivalents and significant availability under its credit facility, supporting continued investment in growth and returns to shareholders.
CURTISS WRIGHT CORP 8-K Report, Financial Results (Nov 2, 2023)
Curtiss-Wright Corporation (CW) has filed an 8-K on November 2, 2023, to report its third-quarter financial results for the period ending September 30, 2023. The company announced its earnings via a press release on November 1, 2023, and is hosting a conference call and webcast on November 2, 2023, to discuss its performance and provide updated expectations for the full year 2023. Investors should note that the details of these financial results are provided in Exhibit 99.1 (Press Release) and Exhibit 99.2 (Webcast Presentation), which are furnished with this filing and not deemed 'filed' for regulatory purposes. This filing serves as a notification to the market about the release of CW's quarterly financial performance and outlook. Key details regarding revenue, profitability, segment performance, and future guidance are expected to be elaborated upon during the conference call and within the accompanying presentation materials. Investors are encouraged to review these exhibits and the webcast for a comprehensive understanding of the company's current financial standing and forward-looking statements.
CURTISS WRIGHT CORP Quarterly Report for Q2 Ended Jun 30, 2023
Curtiss-Wright Corporation reported solid financial results for the second quarter and first six months of 2023, demonstrating significant year-over-year growth in both sales and net earnings. Total net sales increased by 16% in Q2 and 14% for the year-to-date period, driven by strong performance across all three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power. Net earnings saw a substantial increase of 14% in Q2 and 24% for the six months, reflecting improved operational efficiencies and favorable market conditions. The company's strategic focus on its core markets, particularly Aerospace & Defense, continues to yield positive results. The Defense Electronics segment exhibited exceptional growth with sales up 32% in Q2 and operating income soaring by 77%, while Naval & Power also showed robust sales growth of 12% in Q2. The Aerospace & Industrial segment also contributed positively with an 8% sales increase in Q2. Management highlighted that the company is well-positioned to meet its financial obligations and pursue growth opportunities, supported by healthy new order bookings and a strong balance sheet.
CURTISS WRIGHT CORP 8-K Report, Financial Results (Aug 3, 2023)
Curtiss-Wright Corporation (CW) filed an 8-K on August 3, 2023, to report its financial results for the second quarter ended June 30, 2023. The filing primarily serves to announce the earnings release and the associated investor call. Investors should note that the details of the financial performance and future outlook are contained within the press release and webcast presentation (Exhibits 99.1 and 99.2), which are furnished with this 8-K but not formally filed. These accompanying documents are crucial for understanding the company's performance and management's guidance. The company has scheduled a conference call and webcast for August 3, 2023, at 10:00 am ET, hosted by CEO Lynn M. Bamford and CFO K. Christopher Farkas. This event will provide a platform for management to discuss the second quarter's financial results in detail and provide expectations for the remainder of 2023. Interested parties can access the information via the company's website or by dialing into the conference call, with replays available afterward.
CURTISS WRIGHT CORP 8-K Report, Shareholder Vote Results (May 5, 2023)
Curtiss-Wright Corporation (CW) filed an 8-K on May 5, 2023, detailing the results of its Annual Meeting of Stockholders held on May 4, 2023. The filing indicates strong shareholder support for key corporate governance and executive compensation matters. All nominated directors were elected with significant "FOR" votes, reflecting continued confidence in the board's leadership. Furthermore, shareholders overwhelmingly ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for 2023, a critical vote of confidence in the company's financial oversight.
CURTISS WRIGHT CORP Quarterly Report for Q1 Ended Mar 31, 2023
Curtiss-Wright Corporation (CW) reported a strong first quarter for 2023, with total net sales increasing by 13% year-over-year to $630.9 million. This growth was driven by solid performance across all segments, particularly in Aerospace & Industrial and Naval & Power. Net earnings saw a significant increase of 40% to $56.8 million, or $1.48 per diluted share, up from $1.05 in the prior year's first quarter. The company's operating income also rose substantially by 30% to $78.6 million, reflecting improved operating margins. The company's balance sheet remains robust, with a healthy liquidity position and ample capacity under its credit facility. Key operational drivers included strong demand in both defense and commercial aerospace markets, as well as continued strength in power & process and general industrial sectors. The company also benefited from the absence of certain prior-year charges, contributing to the significant net earnings improvement. Curtiss-Wright continues to manage its capital effectively, repurchasing shares and maintaining compliance with debt covenants, positioning it for continued growth and shareholder value creation.
CURTISS WRIGHT CORP 8-K Report, Financial Results (May 4, 2023)
Curtiss-Wright Corporation (CW) filed an 8-K on May 4, 2023, to announce its first-quarter 2023 financial results and provide forward-looking guidance. The company held a conference call and webcast on May 4, 2023, to discuss its Q1 2023 performance and expectations for the full year 2023. Investors should refer to the press release (Exhibit 99.1) and the webcast presentation (Exhibit 99.2) for detailed financial information and management commentary. While this 8-K primarily serves to furnish the Q1 2023 earnings release and accompanying presentation, it signals the company's proactive communication regarding its financial standing and future outlook. Investors are encouraged to review the provided exhibits for comprehensive details on revenue, profitability, and any strategic initiatives or challenges discussed by management during the conference call.
CURTISS WRIGHT CORP Annual Report, Year Ended Dec 31, 2022
Curtiss-Wright Corporation (CW) reported solid performance in its fiscal year 2022, driven by growth in its Aerospace & Industrial and Naval & Power segments. Total sales increased by 2% to $2.56 billion, with operating income rising 11% to $423 million, reflecting improved operating margins across key segments. The company continues to benefit from its strong position in defense markets, with significant revenue derived from U.S. government contracts. The Aerospace & Industrial segment saw a 6% increase in sales, primarily from general industrial and commercial aerospace markets, while the Naval & Power segment experienced a 4% sales increase, bolstered by acquisitions and demand in naval defense. The Defense Electronics segment, however, saw a 5% decline in sales due to ongoing supply chain challenges. Financially, Curtiss-Wright demonstrated strong cash flow generation and maintained a healthy balance sheet. The company repurchased $57 million in stock and paid $29 million in dividends, indicating a commitment to returning capital to shareholders. Management expects continued growth in defense spending to support future performance, although it remains watchful of inflationary pressures and supply chain disruptions impacting its commercial businesses.
CURTISS WRIGHT CORP 8-K Report, Financial Results (Feb 22, 2023)
Curtiss-Wright Corporation (CW) filed an 8-K on February 22, 2023, to report its fourth quarter and full-year 2022 financial results. The company announced these results via a press release issued on February 21, 2023, and held a conference call and webcast on February 22, 2023, to discuss the performance and provide 2023 guidance. Key executives, including the CEO and CFO, hosted the call. The filing itself primarily serves to furnish the press release and presentation materials, making them accessible to investors and the public.
CURTISS WRIGHT CORP 8-K Report, Corporate Update (Dec 21, 2022)
Curtiss-Wright Corporation (CW) has filed an 8-K detailing amendments to several of its existing Note Purchase Agreements. These amendments, entered into on October 27, 2022, and December 16, 2022, primarily involve changes to financial covenants related to its senior notes. The company has secured flexibility in its debt structure by amending agreements dated December 8, 2011, February 26, 2013, and August 13, 2020. The key changes include the release of certain former subsidiaries from guarantee obligations under the 2011 and 2013 Note Purchase Agreements. More significantly, the amendments provide the company with the ability to temporarily increase its maximum Consolidated Debt to Consolidated Total Capitalization ratio to 0.65 to 1.00 for up to three occasions following a significant acquisition (at least $100 million in consideration). The requirement for Minimum Consolidated Net Worth has also been removed, replaced by a new financial covenant requiring a Consolidated Interest Coverage Ratio of at least 3.00 to 1.00.
CURTISS WRIGHT CORP 8-K Report, Corporate Update (Dec 14, 2022)
Curtiss-Wright Corporation (CW) announced on December 14, 2022, the adoption of two new Rule 10b5-1 trading plans to facilitate its previously authorized share repurchase program. These plans, effective January 3, 2023, and terminating December 29, 2023, allow the company to buy back its stock during periods it might otherwise be restricted by trading blackout rules or insider trading regulations. Under these plans, CW intends to repurchase up to $150 million of its common stock. The first plan allocates $50 million for equal purchases throughout 2023, while the second, for up to $100 million, is contingent on a price limit, meaning purchases will only occur if the stock price is favorable. These actions reflect the company's ongoing commitment to its share repurchase program, which has $200 million remaining under its original $550 million authorization.