Curtiss-Wright 2018 Annual Report

Delivering on all Fronts

Five years ago we launched the One Curtiss-Wright Vision. Today, we’ve transformed those goals into accomplishments.

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 9,000 employees is dedicated to providing highly-engineered, advanced solutions that uniquely meet the complex needs of today’s commercial, industrial, defense and power markets.

  • Greater than 12.5%
    Operating Margins1


  • Working Capital as
    % of Sales Below 20%


  • Double-digit
    EPS Growth1

    Growth17% CAGR

  • Greater than 12% Return
    on Invested Capital


  • FCF Conversion
    Greater than 100%2


  • 1 2018 Adjusted financials are defined as Reported Operating Income, Operating Margin and Diluted Earnings Per Share (EPS) under GAAP, and exclude the impact of first year purchase accounting costs associated with acquisitions, specifically one-time inventory step-up, backlog amortization and transaction costs.
  • 2 2018 Adjusted free cash flow (FCF) is defined as cash flow from operations less capital expenditures, and excludes voluntary contributions to the Company’s corporate defined benefit pension plan. Adjusted FCF conversion is defined as adjusted free cash flow divided by net earnings from continuing operations.