Curtiss-Wright Annual Report 2017

Curtiss-Wright

Engineering
Success

Annual Report 2017

Curtiss-Wright Annual Report 2017

providing highly engineered
advanced solutions that uniquely
meet the complex needs of today's
Commercial, Industrial, Defense
and Power markets.

Scroll

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 8,600 employees is dedicated to providing outstanding service and innovative products to customers worldwide.

2017 Financial Highlights1

 

2015

 

2016

 

2017

Net Sales $2,186   $2,109   $2,271
Operating Income $291   $308   $340
Operating Margin 13.3%   14.6%   15.0%
Diluted Earnings Per Share $3.74   $4.20   $4.80
Free Cash Flow 2 $272   $376   $336
  • 1 All figures reported on a continuing operations basis. Dollars in millions, except per share data. 2015 Pro Forma results exclude the one-time China AP1000® fee of $20 million recognized as revenue and operating income in the fourth quarter of 2015.
  • 2 Free cash flow is defined as cash flow from operations less capital expenditures. 2015 adjusted to remove the $145 million contribution to the Company‚Äôs corporate defined benefit pension plan.