CURTISS-WRIGHT 2014 ANNUAL REPORT

A Message from Chairman and CEO, David C. Adams

We had a successful first year under the One Curtiss-Wright vision, driving significant operating margin expansion and generating strong free cash flow that enabled us to reach new heights as a global diversified industrial company in 2014.

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Celebrating 85 Years of Achievement

Founded more than 85 years ago, Curtiss-Wright traces its heritage to three of our nation’s preeminent aviation pioneers. Glenn Curtiss and Orville and Wilbur Wright successfully launched companies in the early 20th century to tap into the burgeoning aeronautics market.

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Download PDF of 2014 Annual Report including Form 10-K.

Delivering on the One Curtiss-Wright Vision

Increasing value

to CUSTOMERS and SHAREHOLDERS

 

 

Improvement in operating margin:

330 bps*

 

 

Completed FIVE divestitures

of non-core operations

 

 

Completed 2 bolt-on acquisitions

 

Securing and growing

#1 and #2 positions in key markets

 

 

Share Repurchases in 2014:

$65M

 

 

Announced new  $300M

share repurchase authorization

starting January 2015

 

 

Advancing to TOP QUARTILE performance

 

 

12.6%

OPERATING MARGIN

156%

FREE CASH FLOW CONVERSION

300 bps

IMPROVEMENT IN ROIC*

*Compared to reported 2013 results.