CURTISS WRIGHT CORP
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
CW$477.92-0.9%Stored close · as of Nov 10, 2026
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Item 1. Condensed Consolidated Statements of Earnings
PART 1- FINANCIAL INFORMATION
Item 1. Financial Statements
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| (In thousands, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Net sales | ||||
| Product sales | $661,407 | $583,036 | $1,257,111 | $1,107,917 |
| Service sales | 123,384 | 121,360 | 240,847 | 227,339 |
| Total net sales | 784,791 | 704,396 | 1,497,958 | 1,335,256 |
| Cost of sales | ||||
| Cost of product sales | 428,926 | 369,549 | 818,403 | 713,306 |
| Cost of service sales | 71,764 | 75,274 | 141,699 | 140,969 |
| Total cost of sales | 500,690 | 444,823 | 960,102 | 854,275 |
| Gross profit | 284,101 | 259,573 | 537,856 | 480,981 |
| Research and development expenses | 22,152 | 20,210 | 45,132 | 42,234 |
| Selling expenses | 35,126 | 34,273 | 71,891 | 66,698 |
| General and administrative expenses | 95,008 | 92,315 | 189,057 | 180,659 |
| Restructuring expenses | 2,918 | — | 2,918 | — |
| Operating income | 128,897 | 112,775 | 228,858 | 191,390 |
| Interest expense | 11,216 | 14,992 | 21,786 | 27,936 |
| Other income, net | 8,560 | 7,954 | 18,168 | 15,721 |
| Earnings before income taxes | 126,241 | 105,737 | 225,240 | 179,175 |
| Provision for income taxes | (26,770) | (24,738) | (49,274) | (41,330) |
| Net earnings | $99,471 | $80,999 | $175,966 | $137,845 |
| Net earnings per share: | ||||
| Basic earnings per share | $2.60 | $2.11 | $4.60 | $3.60 |
| Diluted earnings per share | $2.58 | $2.10 | $4.58 | $3.58 |
| Dividends per share | 0.21 | 0.20 | 0.41 | 0.39 |
| Weighted-average shares outstanding: | ||||
| Basic | 38,302 | 38,329 | 38,273 | 38,309 |
| Diluted | 38,501 | 38,555 | 38,460 | 38,528 |
| See notes to condensed consolidated financial statements | ||||
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