CRMEDIUM SIGNALOPERATIONAL10-K

Curtiss-Wright completed a significant acquisition of Druck, Panametrics and Reuter-Stokes sensor technology brands from Baker Hughes while restructuring its segments from Aerospace Electronics to Aerospace Advanced Technologies.

The acquisition strengthens CR's sensor-based technology portfolio across aerospace, nuclear and process industries, expanding its addressable market and technological capabilities. The segment renaming from "Aerospace Electronics" to "Aerospace Advanced Technologies" signals a strategic repositioning toward higher-value advanced technology solutions.

Comparing 2026-02-26 vs 2025-02-27View on EDGAR →
FINANCIAL ANALYSIS

The company's balance sheet expanded substantially through acquisition activity, with current assets nearly doubling and total assets growing 46% while maintaining a strong equity position. Operating performance remained solid with net income up 24% and operating income growing 19%, supported by 16% gross profit growth. The financial profile reflects successful integration of new assets while maintaining operational efficiency and strong cash generation.

FINANCIAL STATEMENT CHANGES
Current Assets
Balance Sheet
+83.3%
$1.4B$2.6B

Current assets grew 83.3% — improving short-term liquidity or inventory/receivables build.

Cash & Equivalents
Balance Sheet
+65.1%
$306.7M$506.5M

Cash position surged 65.1% — strong cash generation or capital raise providing significant financial cushion.

Total Assets
Balance Sheet
+45.9%
$2.6B$3.9B

Asset base grew 45.9% — expansion through organic growth, acquisitions, or capital deployment.

Stockholders Equity
Balance Sheet
+25.8%
$1.6B$2.1B

Equity base grew 25.8% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Net Income
P&L
+24.4%
$294.7M$366.6M

Net income grew 24.4% — bottom-line growth signals improving overall business health.

Operating Income
P&L
+19.2%
$355.8M$424.2M

Operating income improving — cost discipline or growing revenue base absorbing fixed costs.

Gross Profit
P&L
+15.6%
$751.0M$867.8M

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Current Liabilities
Balance Sheet
-14.4%
$543.4M$465.2M

Current liabilities reduced — improved short-term financial position and working capital health.

Dividends Paid
Cash Flow
+12.8%
$46.9M$52.9M

Dividend payments increased 12.8% — management confidence in sustained cash generation.

LANGUAGE CHANGES
NEW — 2026-02-26
PRIOR — 2025-02-27
ADDED
60 2021 (a) CEO succession planned for April 27, 2026, as previously disclosed in our Form 8-K filed on January 26, 2026.
The Company has two reporting segments: Aerospace Advanced Technologies ( AAT ) and Process Flow Technologies ( PFT ).
Recent Transactions Acquisition of Druck, Panametrics and Reuter-Stokes On January 1, 2026, the Company completed the acquisition of the Druck, Panametrics and Reuter-Stokes brands (previously known as Precision Sensors Instrumentation) from the Baker Hughes Company.
Druck, Panametrics and Reuter-Stokes are all leading providers of sensor-based technologies for aerospace, nuclear and process industries.
The Druck brand is being integrated into the Aerospace Advanced Technologies segment.
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REMOVED
The Company has two reporting segments: Aerospace Electronics ( A E ) and Process Flow Technologies ( PFT ).
We determined that the Engineered Materials segment met the criteria of being reported as a discontinued operation as of December 31, 2024.
Acquisitions On November 1, 2024, the Company completed the acquisition of Technifab Products, Inc.
Vian has been integrated into the Aerospace Electronics segment.
The Distribution was effective at 5:00 p.m., Eastern Time, on April 3, 2023.
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