Investing for Growth
Advancing Innovation
Delivering Shareholder Value
Since Curtiss-Wright was first listed on the New York Stock Exchange in 1929, we have reached remarkable heights by addressing the most difficult challenges of the day, and we continued our ascent in 2019.
Curtiss-Wright Corporation is a global diversified industrial company built on long-standing customer relationships, leading market positions and innovative technologies. Our legacy dates back to 1929 with the merger of companies founded by aviation pioneers Glenn Curtiss and the Wright Brothers.
Headquartered in Davidson, N.C., our team of approximately 9,100 employees is dedicated to providing highly-engineered, advanced solutions that uniquely meet the complex needs of today’s commercial, industrial, defense and power markets.
2019 Financial Highlights
SALES ($M) 1
OPERATING MARGIN 1
DILUTED EPS 1
FREE CASH FLOW ($M) 2
- 1 Adjusted financials are defined as Reported Sales, Operating Margin and Diluted EPS under GAAP excluding the impact of first year purchase accounting costs associated with acquisitions, specifically one-time inventory step-up, backlog amortization and transaction costs, as well as one-time transition and IT security costs related to the relocation of the DRG business.
- 2 Adjusted Free Cash Flow (FCF) is defined is cash flow from operations less capital expenditures, and excludes a 2019 capital investment in the Power segment related to the new, state-of-the-art naval facility principally for DRG and 2018 contribution of $50 million to the Company’s corporate defined benefit pension plan.