$CW
CURTISS WRIGHT CORP

2024 Q3 Form 10-Q Financial Statement

#000002632424000037 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $798.9M $784.8M
YoY Change 10.3% 11.41%
Cost Of Revenue $500.7M $500.7M
YoY Change 13.05% 12.56%
Gross Profit $298.3M $284.1M
YoY Change 5.97% 9.45%
Gross Profit Margin 37.33% 36.2%
Selling, General & Admin $129.3M $130.1M
YoY Change 3.08% 2.8%
% of Gross Profit 43.37% 45.81%
Research & Development $20.73M $22.15M
YoY Change -11.63% 9.61%
% of Gross Profit 6.95% 7.8%
Depreciation & Amortization $26.69M $27.17M
YoY Change -7.51% -6.47%
% of Gross Profit 8.95% 9.56%
Operating Expenses $150.1M $152.3M
YoY Change 0.76% 3.74%
Operating Profit $144.9M $128.9M
YoY Change 9.35% 14.3%
Interest Expense $11.41M $11.22M
YoY Change -8.71% -174.81%
% of Operating Profit 7.87% 8.7%
Other Income/Expense, Net $10.13M $8.560M
YoY Change 44.18% 7.62%
Pretax Income $143.6M $126.2M
YoY Change 13.05% 19.39%
Income Tax $32.46M $26.77M
% Of Pretax Income 22.6% 21.21%
Net Earnings $111.2M $99.47M
YoY Change 14.86% 22.81%
Net Earnings / Revenue 13.91% 12.67%
Basic Earnings Per Share $2.91 $2.60
Diluted Earnings Per Share $2.89 $2.58
COMMON SHARES
Basic Shares Outstanding 38.30M shares 38.30M shares
Diluted Shares Outstanding 38.45M shares 38.50M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $443.9M $382.6M
YoY Change 198.27% 141.0%
Cash & Equivalents $443.9M $382.6M
Short-Term Investments
Other Short-Term Assets $68.04M $77.04M
YoY Change 3.41% 13.81%
Inventory $582.6M $559.1M
Prepaid Expenses
Receivables $857.6M $817.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.952B $1.836B
YoY Change 26.34% 20.5%
LONG-TERM ASSETS
Property, Plant & Equipment $330.3M $327.0M
YoY Change -1.37% -32.54%
Goodwill $1.583B $1.571B
YoY Change 2.38% 0.97%
Intangibles $532.4M $545.4M
YoY Change -6.98% -7.54%
Long-Term Investments
YoY Change
Other Assets $51.69M $49.08M
YoY Change 29.04% -82.9%
Total Long-Term Assets $2.934B $2.912B
YoY Change 2.26% -0.18%
TOTAL ASSETS
Total Short-Term Assets $1.952B $1.836B
Total Long-Term Assets $2.934B $2.912B
Total Assets $4.886B $4.748B
YoY Change 10.69% 6.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $222.5M $224.8M
YoY Change 4.16% -3.78%
Accrued Expenses $194.4M $158.5M
YoY Change 3.14% 10.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $90.00M $90.00M
YoY Change
Total Short-Term Liabilities $986.7M $896.5M
YoY Change 27.25% 24.36%
LONG-TERM LIABILITIES
Long-Term Debt $959.3M $959.7M
YoY Change -8.7% -18.4%
Other Long-Term Liabilities $107.5M $99.93M
YoY Change 11.46% -65.3%
Total Long-Term Liabilities $1.067B $1.060B
YoY Change -7.0% -27.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $986.7M $896.5M
Total Long-Term Liabilities $1.067B $1.060B
Total Liabilities $2.395B $2.290B
YoY Change 7.47% -0.57%
SHAREHOLDERS EQUITY
Retained Earnings $3.751B $3.648B
YoY Change 11.13% 10.64%
Common Stock $193.6M $184.8M
YoY Change 4.19% 2.63%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.251B $1.141B
YoY Change 11.42% 2.44%
Treasury Stock Shares
Shareholders Equity $2.490B $2.458B
YoY Change
Total Liabilities & Shareholders Equity $4.886B $4.748B
YoY Change 10.69% 6.91%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $111.2M $99.47M
YoY Change 14.86% 22.81%
Depreciation, Depletion And Amortization $26.69M $27.17M
YoY Change -7.51% -6.47%
Cash From Operating Activities $177.3M $111.3M
YoY Change 21.12% 0.35%
INVESTING ACTIVITIES
Capital Expenditures $14.58M $11.06M
YoY Change 55.6% -7.82%
Acquisitions
YoY Change
Other Investing Activities $1.071M -$33.66M
YoY Change -12000.0% -13618.88%
Cash From Investing Activities -$13.51M -$44.73M
YoY Change 44.03% 280.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -115.3M -20.56M
YoY Change -18.02% -71.73%
NET CHANGE
Cash From Operating Activities 177.3M 111.3M
Cash From Investing Activities -13.51M -44.73M
Cash From Financing Activities -115.3M -20.56M
Net Change In Cash 48.51M 46.05M
YoY Change -1448.65% 74.02%
FREE CASH FLOW
Cash From Operating Activities $177.3M $111.3M
Capital Expenditures $14.58M $11.06M
Free Cash Flow $162.7M $100.3M
YoY Change 18.76% 1.34%

Facts In Submission

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