Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power. The Aerospace & Industrial segment offers industrial vehicle products, such as electronic throttle control devices, joysticks, and transmission shifters; sensors, controls and electro-mechanical actuation components used in commercial and military aircraft; and surface technology services, including shot peening, laser peening, and coatings. The Defense Electronics segment provides commercial off-the-shelf embedded computing board-level modules, data acquisition and flight test instrumentation equipment, integrated subsystems, instrumentation and control systems, turret aiming and stabilization products, and weapons handling systems; avionics and electronics; flight test equipment; and aircraft data management solutions. The Naval & Power segment offers hardware, pumps, pump seals, control rod drive mechanisms, valves, fastening systems, specialized containment doors, airlock hatches, spent fuel management products, and fluid sealing products for nuclear power plants and nuclear equipment manufacturers; and naval propulsion and auxiliary equipment, including coolant pumps, power-dense compact motors, generators, steam turbines, valves, and secondary propulsion systems, as well as ship repair and maintenance services primarily to the U.S. navy. Curtiss-Wright Corporation was founded in 1929 and is headquartered in Davidson, North Carolina.

Curtiss-Wright Corporation

Product Sales

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Service Sales

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Total Net Sales

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Cost of Product Sales

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Cost of Service Sales

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Total Cost of Sales

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Gross Profit

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Research and Development Expenses

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Selling Expenses

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General and Administrative Expenses

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Loss on Divestiture

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Impairment of Assets Held for Sale

Impairment of Assets Held for Sale %Chg

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Restructuring Expenses

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Operating Income

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Interest Expense

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Other Income, Net

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Earnings Before Income Taxes

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Provision for Income Taxes

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Earnings from Continuing Operations

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Earnings from Discontinued Operations

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Gain from Discontinued Operations, Net of Taxes

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Loss from Discontinued Operations, Net of Taxes

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Net Earnings

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Basic Earnings per Share

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Diluted Earnings per Share

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Dividends per Share

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Basic

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Total Revenues

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Cost of Sales

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Gross Profit Margin

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Selling, General & Administrative Expenses

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Research & Development Expenses

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Other Operating Expenses

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Operating Profit

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Operating Margin

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Non-Operating Income

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Total Non-Operating Income

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Income Before Provision for Income Taxes

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Consolidated Net Income

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Net Income Attributable to Discontinued Operations

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Revenue

EBIT

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CapEx

Net Interest Income

Assets

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Net Revenue

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Average Assets

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Adjusted EBT

Adjusted Funds From Operations

Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Total Revenues	3,375.7	3,121.2	2,845.4	2,557	2,500.8	2,391.3	2,488	2,411.8	2,271	2,108.9	2,205.7
Total Revenues %Chg	9.5%	9.7%	11.3%	2.2%	4.6%	-3.9%	3.2%	6.2%	7.7%	-4.4%	-1.7%
Product Sales
Service Sales
Cost of Sales	2,112.2	1,967.6	1,778.2	1,602.4	1,573	1,550.1	1,589.2	1,540.6	1,470.2	1,374.2	1,422.4
Cost of Product Sales
Cost of Service Sales
Gross Profit	1,263.5	1,153.5	1,067.2	954.6	927.8	841.2	898.7	871.3	800.8	734.7	783.3
Gross Profit
Gross Profit Margin	37.4%	37%	37.5%	37.3%	37.1%	35.2%	36.1%	36.1%	35.3%	34.8%	35.5%
Selling, General & Administrative Expenses	550.4	518.9	496.8	445.7	443.1	412.8	422.3	433.1	414.3	378.7	411.8
Selling Expenses
General and Administrative Expenses
Research & Development Expenses	95.5	91.6	85.8	80.8	88.5	74.8	72.5	64.5	61.4	59.4	60.8
Research and Development Expenses
Other Operating Expenses	11	14.4	—	4.7	19.1	64.7	—	—	—	—	—
Loss on Divestiture
Impairment of Assets Held for Sale
Restructuring Expenses
Operating Profit	606.6	528.6	484.6	423.4	377.1	288.8	404	373.6	325.1	296.5	310.6
Operating Income
Operating Margin	18%	16.9%	17%	16.6%	15.1%	12.1%	16.2%	15.5%	14.3%	14.1%	14.1%
Interest Expense	-42.8	-44.9	-51.4	-47	-40.2	-35.5	-31.3	-34	-41.5	-41.2	-36
Interest Expense
Non-Operating Income	32.4	38.3	29.9	12.7	12.1	9.7	23.9	16.6	16	12.7	0.6
Other Income, Net
Total Non-Operating Income	-10.4	-6.5	-21.5	-34.2	-28.2	-25.8	-7.5	-17.4	-25.5	-28.6	-35.4
Income Before Provision for Income Taxes	596.2	522.1	463.1	389.2	349	263.1	396.5	356.2	299.6	268	275.2
Earnings Before Income Taxes
Provision for Income Taxes	131.1	117.1	108.6	94.8	86.1	61.7	88.9	80.5	84.7	78.6	82.9
Provision for Income Taxes
Consolidated Net Income	465.1	405	354.5	294.3	262.8	201.4	307.6	275.7	214.9	189.4	192.2
Earnings from Continuing Operations
Net Income Attributable to Discontinued Operations	—	—	—	—	—	—	—	—	—	-2.1	-46.8
Earnings from Discontinued Operations
Gain from Discontinued Operations, Net of Taxes
Loss from Discontinued Operations, Net of Taxes
Net Income Attributable to Common Shareholders	465.1	405	354.5	294.3	262.8	201.4	307.6	275.7	214.9	187.3	145.5
Net Earnings
Basic EPS	12.4	10.6	9.3	7.7	6.5	4.8	7.2	6.3	4.9	4.3	4.1
Diluted EPS	12.3	10.6	9.2	7.6	6.5	4.8	7.2	6.2	4.8	4.2	4
Basic Weighted Average Shares Outstanding	37.7	38.2	38.3	38.4	40.4	41.7	42.7	43.9	44.2	44.4	46.6
Total Shares Outstanding	37.1	37.7	38.2	38.3	38.5	40.9	42.7	42.8	44.1	44.2	44.6
Diluted Weighted Average Shares Outstanding	37.9	38.4	38.5	38.6	40.6	42	43	44.3	44.8	45	47.6
EBITDA	726.7	636.3	600.8	535.5	491.5	404.8	506.4	476.6	425.1	392.5	411.4
Effective Tax Rate	22%	22.4%	23.4%	24.4%	24.7%	23.4%	22.4%	22.6%	28.3%	29.3%	30.1%