Curtiss-Wright Corporation
Curtiss-Wright Corporation is a diversified industrial company with a strong engineering legacy. It provides products and services for aerospace, defense, and industrial markets.

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Performance
In 2024, Curtiss-Wright Corporation achieved record financial performance, with full-year sales increasing 10% to $3.1 billion and adjusted diluted earnings per share rising 16% to $10.90. The company reported adjusted operating income of $546 million, up 11%, and generated $483 million in free cash flow, reflecting a 116% adjusted free cash flow conversion rate. New orders totaled $3.7 billion, up 20%, and the backlog reached $3.4 billion, also up 20%, driven by strong demand in aerospace and defense markets.
Quality of Earnings
The company demonstrates strong adherence to General Accounting Principles, with financial reports that conform to GAAP, are decision-useful, sustainable, and offer returns exceeding the cost of capital. There have been no recent changes to accounting policies, and all required financial reports are submitted on time. Revenue quality is also robust, marked by high predictability—with a substantial portion of clients returning year after year—strong profitability with gross margins exceeding 70%, diversified income sources with no client accounting for more than 15% of revenue, and clear growth in both revenue and net income. Additionally, there are no significant financial report warning signs: earnings contain minimal accrual components, do not narrowly beat benchmarks in a suspicious pattern, and revenue is not recognized prematurely. Expenses are not misrepresented, audit opinions are unqualified, goodwill is properly assessed, and the company does not rely on aggressive accounting tactics such as related-party transactions or off-balance-sheet debt. Operating ccash flows align with net income, earnings are recurring and persistent, and there is no history of restatements or enforcement actions, reinforcing the reliability and quality of the company’s financial reporting.

Company Summary
Curtiss-Wright Corporation is a global integrated company that designs and manufactures highly engineered products and systems, providing critical solutions to aerospace, defense, commercial power, process, and industrial markets.
