M&A - CURTISS WRIGHT CORP

Form Type: 10-Q

Filing Date: 2025-05-08

Corporate Action: Acquisition

Type: Update

Accession Number: 000002632425000023

Filing Summary: The document reports on Curtiss-Wright Corporation's quarterly results for the period ended March 31, 2025. Key highlights include net sales reaching $805,645,000, a significant increase compared to the previous year's $713,167,000. The company's operating income was reported at $129,205,000, up from $99,961,000 a year prior. Net earnings for the quarter were $101,337,000 with diluted earnings per share of $2.68. Additionally, the company highlighted its strategic focus on ongoing acquisitions, although it did not complete any in the current quarter. Notably, Curtiss-Wright employed acquisitions in 2024, adding $19 million in net sales and incurring $5 million in net losses from those acquisitions. The company's financial position remains robust with total assets of approximately $4.95 billion and stockholders' equity of around $2.56 billion. The document also details comprehensive income and other financial metrics, reflecting stronger performance in the Aerospace & Defense sector, particularly in naval defense and commercial aerospace markets.