CURTISS WRIGHT CORP CW Income Statement

Curtiss wright corp (CW)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Net Sales
Net sales
601,231	655,771	614,880	638,996	578,314	648,622	595,393	620,298	547,522	820,122	567,901	459,774	423,229	864,784	413,905	427,324	402,918	483,512	427,732	439,871	445,687	463,902	457,026	457,873	436,227	324,692	417,259	491,056	486,584	-	385,641	-	-	-	-	-	-	-	-	-	-	-	-
Total net sales
601,231	655,771	614,880	638,996	578,314	648,622	595,393	620,298	547,522	611,881	567,901	567,653	523,591	565,566	507,092	532,766	503,507	588,755	525,535	545,194	546,199	572,586	558,383	569,198	542,959	415,291	512,409	597,694	592,687	316,038	479,222	526,386	501,661	549,019	509,120	505,672	452,931	484,760	465,813	462,165	441,775	435,750	447,371
Cost of sales
Total cost of sales
400,652	410,019	388,804	408,952	381,441	407,570	372,875	393,798	366,331	380,537	360,405	372,643	356,656	372,633	322,616	347,387	331,604	364,441	340,041	362,843	355,103	372,246	365,052	370,967	358,345	239,522	333,731	400,009	408,980	168,316	337,806	362,379	342,387	370,888	341,788	340,091	307,028	326,579	310,096	307,782	303,791	293,435	302,789
Gross profit
200,579	245,752	226,076	230,044	196,873	241,052	222,518	226,500	181,191	231,344	207,496	195,010	166,935	192,933	184,476	185,379	171,903	224,314	185,494	182,351	191,096	200,340	193,331	198,231	184,614	175,769	178,678	197,685	183,707	147,722	141,416	164,007	159,274	178,131	167,332	165,581	145,903	158,181	155,717	154,383	137,984	142,315	144,582
Research and development expenses
18,307	18,017	18,362	18,900	17,241	19,291	14,239	15,054	15,941	15,188	14,826	15,788	15,591	14,957	14,071	15,236	15,160	15,204	15,050	15,321	15,262	16,692	16,909	17,364	16,877	16,428	14,693	14,851	17,608	10,387	13,267	15,351	15,347	15,684	17,705	15,129	13,597	13,237	13,218	13,838	13,838	13,824	13,200
Selling expenses
31,588	30,558	28,133	30,693	31,477	32,095	30,361	32,665	31,520	34,108	29,252	29,055	29,458	28,139	26,273	29,126	29,626	31,042	30,247	29,105	31,088	32,665	30,610	32,099	32,631	22,659	31,816	37,202	36,796	14,240	28,009	32,888	32,481	29,361	30,918	29,936	29,223	27,873	27,560	28,520	27,820	25,407	27,415
General and administrative expenses
76,658	76,523	74,012	74,766	76,110	79,661	80,871	76,705	69,232	76,766	71,004	70,435	74,194	55,243	67,559	72,928	69,854	69,541	76,384	72,483	71,911	76,052	71,563	76,609	74,072	63,794	66,539	85,053	91,277	41,166	76,774	75,228	75,887	80,456	72,602	71,590	63,892	72,984	66,853	68,597	65,242	66,866	60,204
Restructuring expenses
1,580	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
72,446	120,654	105,569	105,685	72,045	110,005	97,047	102,076	64,498	105,282	92,414	79,732	47,692	94,594	76,573	68,089	57,263	108,527	63,813	65,442	72,835	74,931	74,249	72,159	61,034	72,888	65,630	60,579	38,026	81,929	23,366	40,540	35,559	52,630	46,107	48,926	39,191	44,087	48,086	43,428	31,084	36,218	43,763
Interest expense
7,489	8,164	7,951	7,960	7,272	8,264	7,949	9,566	8,204	9,887	10,457	10,750	10,377	10,554	10,488	10,273	9,933	9,085	8,972	8,985	8,996	8,740	9,013	8,986	9,055	9,351	9,701	9,342	8,659	6,645	6,648	6,526	6,482	5,713	5,033	4,967	5,121	4,925	5,815	5,700	5,667	5,923	6,542
Other income, net
5,532	6,152	6,355	5,871	5,478	4,099	3,843	3,971	4,683	3,937	4,457	3,729	3,847	11,872	483	101	234	10	161	-37	481	435	-159	-23	112	18	288	200	474	15	-119	130	102	820	-35	25	52	-47	86	384	152	309	47
Earnings from continuing operations before income taxes
70,489	118,642	103,973	103,596	70,251	105,840	92,941	96,481	60,977	99,332	86,414	72,711	41,162	95,912	66,568	57,917	47,564	99,452	55,002	56,420	64,320	66,626	65,077	63,150	52,091	63,555	56,217	51,437	29,841	75,299	16,599	34,144	29,179	47,737	41,039	43,984	34,122	39,115	42,357	38,112	25,569	30,604	37,268
Provision for income taxes
18,728	29,234	21,463	23,524	14,658	23,005	18,458	21,693	17,334	31,582	22,470	22,061	8,615	25,244	20,636	17,954	14,745	28,690	16,860	16,299	21,097	20,494	20,699	20,141	15,661	18,090	18,282	16,376	8,898	25,338	5,156	11,309	9,337	14,037	9,165	13,905	11,155	11,248	14,573	12,214	9,234	10,489	12,814
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70,762	38,142	40,121	43,223	46,132	44,378	43,009	36,430	-	37,935	35,061	-	49,961	11,443	22,835	19,842	33,700	31,874	30,079	22,967	-	-	-	-	-	-
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,691	-	-	0	0	3,059	1,884	2,619	1,717	1,549	-	-	-	-	-	-
Loss on divestitures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-144	-95	18,411	0	0	0	0	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-913	-4,258	-14,384	-27,232	-29,382	-19,345	-6,618	-1,266	-	-1,574	-1,691	-	-11,468	-144	-95	21,470	1,884	2,619	1,717	1,549	-	-	-	-	-	-
Net earnings
51,761	89,408	82,510	80,072	55,593	82,835	74,483	74,788	43,643	67,750	63,944	50,650	32,547	68,615	45,932	39,963	32,819	69,849	33,884	25,737	15,991	16,750	25,033	36,391	35,164	47,307	36,361	33,370	20,943	38,493	11,299	22,740	41,312	35,584	34,493	31,796	24,516	32,163	27,784	25,898	16,335	20,115	24,454
Basic earnings per share
Earnings from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.54	0.82	0.85	0.91	0.96	0.92	0.90	0.76	-	0.81	0.75	-	1.08	0.24	0.49	0.42	0.72	0.69	0.65	0.50	-	-	-	-	-	-
Earnings from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03	-0.09	-0.31	-0.57	-0.61	-0.40	-0.14	-0.03	-	-0.04	-0.04	-	-0.25	0.00	0.00	0.46	0.05	0.05	0.04	0.03	-	-	-	-	-	-
Basic earnings per share (usd per share)
1.22	2.10	1.93	1.87	1.30	1.90	1.70	1.69	0.99	1.52	1.45	1.15	0.74	1.54	1.04	0.90	0.74	1.51	0.73	0.54	0.34	0.35	0.52	0.76	0.73	1.01	0.77	0.71	0.45	0.83	0.24	0.49	0.88	0.77	0.74	0.69	0.53	0.69	0.61	0.57	0.36	0.44	0.54
Diluted earnings per share
Earnings from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.52	0.80	0.83	0.89	0.95	0.90	0.87	0.74	-	0.79	0.74	-	1.06	0.24	0.48	0.42	0.71	0.68	0.64	0.49	-	-	-	-	-	-
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.04	-0.09	-0.30	-0.56	-0.61	-0.39	-0.13	-0.02	-	-0.03	-0.04	-	-0.24	0.00	0.00	0.45	0.05	0.05	0.04	0.03	-	-	-	-	-	-
Diluted earnings per share (usd per share)
1.21	2.08	1.92	1.86	1.29	1.88	1.68	1.68	0.98	1.51	1.43	1.13	0.73	1.52	1.02	0.88	0.73	1.48	0.71	0.53	0.33	0.34	0.51	0.74	0.72	0.98	0.76	0.70	0.44	0.82	0.24	0.48	0.87	0.76	0.73	0.68	0.52	0.70	0.60	0.56	0.35	0.44	0.54
Dividends per share
0.17	0.17	0.17	0.17	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.10	0.10	0.10	0.09	0.09	0.09	0.09	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08
Weighted average shares outstanding:
Basic (shares)
42,456	42,690	42,709	42,758	42,799	43,364	43,892	44,124	44,188	44,132	44,137	44,213	44,246	44,168	44,323	44,487	44,578	45,182	46,366	47,224	47,724	47,852	48,067	48,175	47,982	47,482	47,081	46,786	46,615	46,581	46,884	46,820	46,687	46,516	46,466	46,311	46,195	46,009	45,898	45,743	45,642	45,356	45,127
Diluted (shares)
42,770	42,987	42,995	43,024	43,058	43,699	44,334	44,553	44,678	44,691	44,686	44,807	44,860	44,779	44,997	45,164	45,240	46,079	47,395	48,258	48,732	48,830	49,101	49,239	49,130	48,595	48,063	47,507	47,483	47,161	47,415	47,501	47,571	47,127	46,936	47,015	46,974	46,543	46,276	46,311	46,158	45,828	45,537
Product [Member]
Product sales
497,929	552,918	516,760	532,253	471,599	541,689	495,197	511,676	444,687	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of Goods and Services Sold
330,813	343,286	331,793	342,726	311,956	336,402	312,702	324,184	299,311	-	-	302,794	289,610	306,986	261,488	279,869	264,735	291,895	284,007	287,685	293,009	300,663	301,592	299,525	288,934	182,312	270,902	330,451	339,626	-	275,142	-	-	-	-	-	-	-	-	-	-	-	-
Service [Member]
Net sales
103,302	102,853	98,120	106,743	106,715	106,933	100,196	108,622	102,835	-	-	107,879	100,362	95,355	93,187	105,442	100,589	105,243	97,803	105,323	100,512	108,684	101,357	111,325	106,732	90,599	95,150	106,638	106,103	-	93,581	-	-	-	-	-	-	-	-	-	-	-	-
Cost of Goods and Services Sold
69,839	66,733	57,011	66,226	69,485	71,168	60,173	69,614	67,020	-	-	69,849	67,046	65,647	61,128	67,518	66,869	72,546	56,034	75,158	62,094	71,583	63,460	71,442	69,411	57,210	62,829	69,558	69,354	-	62,664	-	-	-	-	-	-	-	-	-	-	-	-