Curtiss-Wright Corporation
601.63+13.20 (+2.24%)
Oct 29, 4:00:02 PM EDT · NYSE · CW · USD
Key Stats
Market Cap
22.67BP/E (TTM)
50.86Basic EPS (TTM)
11.83Dividend Yield
0%Recent Filings
8-K
Expands share repurchases $200M
Curtiss-Wright Corporation adopted a Rule 10b5-1 trading plan on September 10, 2025, to repurchase $200 million in shares, expanding its 2025 program toward record repurchases exceeding $450 million. This move, alongside a $0.24 quarterly dividend payable October 10, underscores confidence in the company's growth strategy and strong balance sheet. Yet repurchases hinge on stock volatility. Remaining authorization stands at $134 million post-completion.
8-K
Expands 2025 buyback by $200M
Curtiss-Wright Corporation adopted a Rule 10b5-1 trading plan on August 11, 2025, to repurchase $200 million in shares immediately, expanding its 2025 program to $266 million total. This move, tied to strong mid-teens earnings growth and robust free cash flow, leaves $334 million in remaining authorization after completion by August's end. It signals disciplined capital returns. Yet stock volatility poses risks to execution.
10-Q
Q2 FY2025 results
Curtiss-Wright posted solid Q2 results, with net sales climbing 12% year-over-year to $877M, fueled by 19% growth in Naval & Power from Columbia-class submarine timing and commercial nuclear aftermarket, while Defense Electronics rose 11% on embedded computing demand. Operating income surged 21% to $156M, lifting margins to 17.8% through better absorption and operational tweaks, though net earnings of $121M trailed operating figures due to $11M interest and $36M taxes. Diluted EPS hit $3.19, aligning with 37.9M shares. Cash from operations reached $98M YTD, down to $332M on hand after $35M stock buybacks and $90M debt payoff, leaving $723M revolver availability under a 60% debt-to-cap covenant. No fresh M&A this half, but 2024 deals added $44M sales. The OBBBA tax law cuts 2025 payments by $15M via R&D expensing. Yet supply chain snags could crimp delivery timelines.
8-K
Q2 sales surge 12%
Curtiss-Wright reported Q2 2025 sales of $877 million, up 12% year-over-year, fueled by 12% growth in A&D markets from submarine programs and defense electronics, while commercial markets rose 10% on nuclear aftermarket strength. Adjusted operating income climbed 20% to $160 million with margins expanding 130 basis points to 18.3%, thanks to restructuring benefits and favorable mix. Backlog hit $3.9 billion, up 12%. The company raised full-year guidance to 9-10% sales growth and $12.70-$13.00 adjusted EPS, yet tariffs pose potential headwinds.
8-K
Share repurchase boost announced
Curtiss-Wright Corporation's board authorized an additional $400 million for share repurchases on May 14, 2025, boosting total availability to $534 million with no expiration date. The company also declared a 14% quarterly dividend hike to $0.24 per share, payable July 7, 2025. This reflects confidence in strong free cash flow. Repurchases will offset dilution from equity plans.
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