Filing Flows › Curtiss Wright (CW) › Q1 2025
Curtiss Wright (CW) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Curtiss Wright (CW) reported revenue of $806M for the first quarter 2025 (Q1 2025), +13% from a year earlier and -2% from the quarter before. Operating margin was 16.0%, net earnings $101M (12.6% of revenue).
Curtiss Wright, Q1 2025: revenue $806M (+13% year over year), operating margin 16.0%, net earnings $101M, operating cash flow −$38.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $806M | -2% | +13% |
| Gross profit | $292M | -8% | +15% |
| Operating profit | $129M | -17% | +29% |
| Net earnings | $101M | -14% | +32% |
| Operating cash flow | −$38.8M | — | — |
What changed
Revenue was $805.6M in Q1 2025, up 13% year over year and down 2% from the previous quarter. Product was the largest line at 84% of revenue. Product added $83.3M year over year (up 14%), 90% of the total change.
Gross margin was 36.3%, up 0.7 points from a year earlier. Operating profit was $129.2M, a 16.0% margin (up 2.0 points year over year). Of the extra revenue versus a year earlier, 32% reached operating profit, above the 14% margin then. Operating expenses grew 6% against revenue growth of 13%. Net earnings were $101.3M, up 32% year over year. The effective tax rate was 19.0%.
Operating cash flow was −$38.8M. Non-cash charges added back $30.8M of depreciation and amortization and $5.3M of share-based compensation. Working capital and other items used $176.2M. Capital expenditures of $15.8M exceeded it, leaving free cash flow of −$54.5M.
Questions
What was Curtiss Wright's revenue in the first quarter 2025?
Curtiss Wright (CW) reported revenue of $806M for the first quarter 2025 (Q1 2025), +13% from a year earlier and -2% from the quarter before.
Was Curtiss Wright profitable in the first quarter 2025?
Operating profit was $129M (16.0% of revenue) and net earnings $101M.
Source: Curtiss Wright 10-Q on SEC EDGAR.