Curtiss-Wright — May 1, 2024 release

Curtiss-Wright Corporation, Page 1               Exhibit 99.1 CURTISS-WRIGHT REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS AND INCREASES FULL-YEAR 2024 GUIDANCE FOR SALES, OPERATING INCOME AND EPS DAVIDSON, N.C. – May 1, 2024 – Curtiss-Wright Corporation (NYSE: CW) reports financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights: • Reported sales of $713 million, up 13%, operating income of $100 million, up 27%, operating margin of 14.0%, and diluted earnings per share (EPS) of $1.99; • Adjusted operating income of $100 million, up 23%; • Adjusted operating margin of 14.0%, up 110 basis points; • Adjusted diluted EPS of $1.99, up 30%; and • New orders of $901 million, up 26%, reflected a book-to-bill that exceeded 1.25x driven by strong demand within our Aerospace & Defense (A&D) markets. Raised Full-Year 2024 Financial Guidance: • Sales increased to new range of 5% to 7% growth (previously 4% to 6%) and continues to reflect growth in all A&D and Commercial end markets; • Operating income increased to new range of 5% to 8% growth (previously 4% to 7%); • Maintained operating margin range of 17.4% to 17.6%, up 0 to 20 basis points compared with the prior year; • Diluted EPS increased to new range of $10.10 to $10.40, up 8% to 11% (previously $10.00 to $10.30, up 7% to 10%); and • Maintained free cash flow range of $415 to $435 million, which continues to reflect nearly 110% FCF conversion. "Curtiss-Wright d elivered strong first quarter 2024 results, exceeding our overall expectations, highlighted by significant growth in sales and operating income, continued operating margin expansion, and diluted EPS of $1.99 , which increased 30% year-over-year," said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation. "Our results included a very strong performance in the Defense Electronics segment, which was partially offset by reduced profitability in the Naval & Power segment, principally related to a naval contract adjustment that impacted both the first quarter and full-year outlook for this segment." Curtiss-Wright Corporation, Page 2 "Based upon our strong overall start to the year and the continued strength in our order book, we have increased our full-year 2024 sales, operating income and diluted EPS guidance as we continue to successfully execute on our Pivot to Growth strategy. We now expect to deliver total sales growth of 5% to 7%, including the contribution from our recent commercial nuclear acquisition of WSC, Inc., continued operating margin expansion while increasing R&D investments, and diluted EPS growth of 8% to 11%, while we maintain our outlook for strong free cash flow conversion well in excess of 100%. We look forward to discussing our alignment with the favorable secular growth trends driving our end markets and our new long-term financial targets at our upcoming investor day on May 21st." First Quarter 2024 Operating Results (In millions) Q1-2024 Q1-2023 Change Reported Sales $ 713  $ 631  13  % Operating income $ 100  $ 79  27  % Operating margin 14.0  % 12.5  % 150 bps Adjusted (1) Sales $ 713  $ 631  13  % Operating income $ 100  $ 81  23  % Operating margin 14.0  % 12.9  % 110 bps (1) Reconciliations of Reported to Adjusted operating results are available in the Appendix. • Sales of $713 million, up $82 million, or 13% compared with the prior year ; • Total A&D market sales increased 20%, while total Commercial market sales were essentially flat; • In our A&D markets, we experienced higher sales in the defense markets principally driven by continued strong demand for our defense electronics products, as well as strong growth in OEM sales in the commercial aerospace market; • In our Commercial markets, we experienced solid growth in the power & process markets , while sales in the general industrial market declined modestly ; and • Adjusted operating income of $100 million increased 23%, while Adjusted operating margin increased 110 basis points to 14.0%, principally driven by favorable overhead absorption and mix on higher revenues in the Defense Electronics segment, partially offset by an unfavorable naval contract adjustment in the Naval & Power segment. Curtiss-Wright Corporation, Page 3 First Quarter 2024 Segment Performance Aerospace & Industrial (In millions) Q1-2024 Q1-2023 Change Reported Sales $ 219  $ 202  8  % Operating income $ 27  $ 27  3  % Operating margin 12.5  % 13.1  % (60 bps) Adjusted (1) Sales $ 219  $ 202  8  % Operating income $ 27  $ 27  3  % Operating margin 12.5  % 13.1  % (60 bps) (1) Note: There were no adjustments to segment operating results. • Sales of $219 million, up $17 million, or 8%; • Strong revenue growth in the commercial aerospace market reflected higher OEM sales of actuation and sensors pro ducts, as well as surface treatment services, on narrowbody and widebody platforms; • Higher sales in the aerospace defense market reflected increased actuation development on various fighter jet programs; • General industrial market revenues declined modestly, as the benefit of new product introductions supporting the electrification of vehicles was more than offset by reduced sales of industrial vehicle products on off-highway vehicle platforms, and lower sales of industrial automation and services; and • Operating income was $27 million, up 3% from the prior year, while operating margin decreased 60 basis points to 12.5% , as favorable absorption on higher sales was offset by unfavorable mix and the timing of development programs. Curtiss-Wright Corporation, Page 4 Defense Electronics (In millions) Q1-2024 Q1-2023 Change Reported Sales $ 212  $ 162  31  % Operating income $ 48  $ 23  106  % Operating margin 22.7  % 14.4  % 830 bps Adjusted (1) Sales $ 212  $ 162  31  % Operating income $ 48  $ 23  106  % Operating margin 22.7  % 14.4  % 830 bps (1) Note: There were no adjustments to segment operating results. • Sales of $212 million, up $50 million, or 31%; • Higher revenue in the aerospace defense market was principally driven by increased sales of our embedded computing equipment on various fighter jet, unmanned aerial vehicle and helicopter programs; • Strong revenue growth in the ground defense market reflected the robust demand and higher sales of tactical battlefield communications equipment; • Higher commercial aerospace market revenue reflected increased OEM sales of avionics and electronics on various platforms; and • Operating income was $48 million, up 106% from the prior year, while operating margin increased 830 basis points to 22.7%, mainly reflecting improved absorption and mix on higher revenues . Curtiss-Wright Corporation, Page 5 Naval & Power (In millions) Q1-2024 Q1-2023 Change Reported Sales $ 282  $ 266  6  % Operating income $ 35  $ 38  (7  %) Operating margin 12.5  % 14.3  % (180 bps) Adjusted (1) Sales $ 282  $ 266  6  % Operating income $ 35  $ 41  (13  %) Operating margin 12.5  % 15.3  % (280 bps) (1) Reconciliations of Reported to Adjusted operating results are available in the Appendix. • Sales of $282 million, up $16 million, or 6%; • Higher revenue in the aerospace defense market was primarily driven by increased sales of our arresting systems equipment supporting various domestic and international customers; • Naval defense market revenue increases principally reflected higher revenues on the Columbia-class submarine, partially offset by timing of revenues on the Virginia-class submarine and CVN-80 aircraft carrier programs; • Higher power & process market revenues mainly reflected increased commercial nuclear aftermarket sales supporting the maintenance of operating reactors in the U.S. and Canada; and • Ad justed operating income was $35 million, down 13% from the prior year, while adjusted operating margin decreased 280 basis points to 12.5%, as favorable absorption on higher revenues was more than offset by an unfavorable naval contract adjustment. Curtiss-Wright Corporation, Page 6 Free Cash Flow (In millions) Q1-2024 Q1-2023 Change Net cash used for operating activities $ (46) $ (92) 50  % Capital expenditures (12) (11) (13  %) Reported free cash flow $ (58) $ (102) 44  % Adjusted free cash flow (1) $ (58) $ (92) 37  % (1) A reconciliation of Reported to Adjusted free cash flow is available in the Appendix. • Reported free cash flow of ($58) million increased $45 million, primarily due to higher cash earnings and the timing of tax payments, as well as a $10 million legal settlement payment made in the prior year; • Adjusted free cash flow of ($58) million increased $35 million; • Capital expenditures increased $1 million compared with the prior year period, primarily due to higher growth investments in the Defense Electronics segment . New Orders and Backlog • New orders of $901 million increased 26% compared with the prior year and generated an overall book-to-bill that exceeded 1.25x, principally driven by strong demand for defense electronics and naval defense products within our A&D markets; and • Backlog of $3.1 billion, up 7% fro m December 31, 2023, reflects higher demand in both our A&D and Commercial markets. Share Repurchase and Dividends • During the first quarter, the Company repurchased 52,612 shares of its common stock for approximately $12 million; and • The Company declared a quarterly dividend of $0.20 a share. Curtiss-Wright Corporation, Page 7 Full-Year 2024 Guidance The Company is increasing its full-year 2024 Adjusted financial guidance (1) as follows: ($ In millions, except EPS) 2024 Adjusted Non-GAAP Guidance (Prior) 2024 Adjusted Non-GAAP Guidance (Current)  Change vs 2023 Adjusted (Current) Total Sales $2,960 - $3,010 $2,985 - $3,035 Up 5% - 7% Operating Income $514 - $528 $518 - $533 Up 5% - 8% Operating Margin 17.4% - 17.6% 17.4% - 17.6% Up 0 - 20 bps Diluted EPS $10.00 - $10.30 $10.10 - $10.40 Up 8% - 11% Free Cash Flow $415 - $435 $415 - $435 Up 0% - 5% (1) Reconciliations of Reported to Adjusted 2023 operating results and 2024 financial guidance are available in the Appendix. ********** A more detailed breakdown of the Company’s 2024 financial guidance by segment and by market, as well as all reconciliations of Reported GAAP amounts to Adjusted non-GAAP amounts, can be found in the accompanying schedules. Historical financial results are available in the Investor Relations section of Curtiss-Wright’s website. Conference Call & Webcast Information The Company will host a conference call to discuss its first quarter 2024 financial results and business outlook at 10:00 a.m. ET on Thursday, May 2, 2024. A live webcast of the call and the accompanying financial presentation, as well as a webcast replay of the call, will be made available on the internet by visiting the Investor Relations section of the Company’s website at www.curtisswright.com . (Tables to Follow) Curtiss-Wright Corporation, Page 8 CURTISS-WRIGHT CORPORATION and SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) ($'s in thousands, except per share data) Three Months Ended March 31, 2024 2023 Product sales $ 595,704  $ 524,881  Service sales 117,463  105,979  Total net sales 713,167  630,860  Cost of product sales 389,477  343,757  Cost of service sales 69,935  65,695  Total cost of sales 459,412  409,452    Gross profit 253,755  221,408  Research and development expenses 22,980  22,024  Selling expenses 36,765  32,425  General and administrative expenses 94,049  88,344    Operating income 99,961  78,615  Interest expense 10,570  12,944  Other income, net 9,608  7,767  Earnings before income taxes 98,999  73,438  Provision for income taxes (22,504) (16,592) Net earnings $ 76,495  $ 56,846  Net earnings per share: Basic earnings per share $ 2.00  $ 1.48  Diluted earnings per share $ 1.99  $ 1.48  Dividends per share $ 0.20  $ 0.19  Weighted average shares outstanding:        Basic 38,254  38,303     Diluted 38,431  38,516  Curtiss-Wright Corporation, Page 9 CURTISS-WRIGHT CORPORATION and SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) ($'s in thousands, except par value) March 31, December 31, 2024 2023 Assets   Current assets: Cash and cash equivalents $ 338,034  $ 406,867  Receivables, net 776,662  732,678  Inventories, net 553,037  510,033  Other current assets 69,483  67,502    Total current assets 1,737,216  1,717,080    Property, plant, and equipment, net 329,347  332,796    Goodwill 1,552,343  1,558,826    Other intangible assets, net 542,335  557,612    Operating lease right-of-use assets, net 133,846  141,435    Prepaid pension asset 267,334  261,869    Other assets 49,661  51,351    Total assets $ 4,612,082   $ 4,620,969   Liabilities   Current liabilities: Current portion of long-term debt $ 90,000  $ —  Accounts payable 233,818  243,833  Accrued expenses 158,089  188,039  Deferred revenue 297,545  303,872  Other current liabilities 78,823  70,800    Total current liabilities 858,275  806,544    Long-term debt, net 960,009  1,050,362    Deferred tax liabilities 128,000  132,319    Accrued pension and other postretirement benefit costs 67,446  66,875    Long-term operating lease liability 111,981  118,611    Long-term portion of environmental reserves 13,439  12,784    Other liabilities 92,753  105,061    Total liabilities $ 2,231,903  $ 2,292,556  Stockholders' equity   Common stock, $1 par value $ 49,187  $ 49,187    Additional paid in capital 133,166  140,182    Retained earnings 3,556,572  3,487,751    Accumulated other comprehensive loss (228,255) (213,223)   Less: cost of treasury stock (1,130,491) (1,135,484)   Total stockholders' equity 2,380,179  2,328,413    Total liabilities and stockholders' equity $ 4,612,082   $ 4,620,969   Curtiss-Wright Corporation, Page 10 Use and Definitions of Non-GAAP Financial Information (Unaudited) The Corporation supplements its financial information determined under U.S. generally accepted accounting principles (GAAP) with certain non-GAAP financial information. Curtiss-Wright believes that these Adjusted (non-GAAP) measures provide investors with improved transparency in order to better measure Curtiss-Wright’s ongoing operating and financial performance and better comparisons of our key financial metrics to our peers. These non-GAAP measures should not be considered in isolation or as a substitute for the related GAAP measures, and other companies may define such measures differently. Curtiss-Wright encourages investors to review its financial statements and publicly filed reports in their entirety and not to rely on any single financial measure. Reconciliations of “Reported” GAAP amounts to “Adjusted” non-GAAP amounts are furnished within this release. The following definitions are provided: Adjusted Sales, Operating Income, Operating Margin, Net Earnings and Diluted EPS These Adjusted financials are defined as Reported Sales, Operating Income, Operating Margin, Net Earnings and Diluted Earnings per Share under GAAP excluding: (i) the impact of first year purchase accounting costs associated with acquisitions, specifically one-time inventory step-up, backlog amortization, deferred revenue adjustments and transaction costs; and (ii) the sale or divestiture of a business or product line, as applicable. Curtiss-Wright Corporation, Page 11 CURTISS-WRIGHT CORPORATION and SUBSIDIARIES RECONCILIATION OF AS REPORTED TO ADJUSTED (UNAUDITED) ($'s in thousands) Three Months Ended Three Months Ended March 31, 2024 March 31, 2023 % Change As Reported Adjustments Adjusted As Reported Adjustments Adjusted Reported Adjusted Sales: Aerospace & Industrial $ 219,325  $ —  $ 219,325  $ 202,447  $ —  $ 202,447  8  % 8  % Defense Electronics 211,741  —  211,741  162,154  —  162,154  31  % 31  % Naval & Power 282,101  —  282,101  266,259  —  266,259  6  % 6  % Total sales $ 713,167   $ —   $ 713,167   $ 630,860   $ —   $ 630,860   13   % 13   % Operating income (expense): Aerospace & Industrial $ 27,466  $ —  $ 27,466  $ 26,545  $ —  $ 26,545  3  % 3  % Defense Electronics 48,081  —  48,081  23,368  —  23,368  106  % 106  % Naval & Power (1) 35,191  —  35,191  37,937  2,676  40,613  (7) % (13) %                             Total segments $ 110,738  $ —  $ 110,738  $ 87,850  $ 2,676  $ 90,526  26  % 22  % Corporate and other (10,777) —  (10,777) (9,235) —  (9,235) (17) % (17) % Total operating income $ 99,961   $ —   $ 99,961   $ 78,615   $ 2,676   $ 81,291   27   % 23   % Operating margins: As Reported Adjusted As Reported Adjusted Reported Adjusted Aerospace & Industrial 12.5  % 12.5  % 13.1  % 13.1  % (60 bps) (60 bps) Defense Electronics 22.7  % 22.7  % 14.4  % 14.4  % 830 bps 830 bps Naval & Power 12.5  % 12.5  % 14.3  % 15.3  % (180 bps) (280 bps) Total Curtiss-Wright 14.0   % 14.0   % 12.5   % 12.9   % 150 bps 110 bps Segment margins 15.5  % 15.5  % 13.9  % 14.3  % 160 bps 120 bps (1) Excludes first year purchase accounting adjustments. Curtiss-Wright Corporation, Page 12 CURTISS-WRIGHT CORPORATION and SUBSIDIARIES RECONCILIATION OF AS REPORTED SALES TO ADJUSTED SALES BY END MARKET (UNAUDITED) ($'s in thousands) Three Months Ended Three Months Ended March 31, 2024 March 31, 2023 2024 vs. 2023 Reported Sales Adjustments Adjusted Sales Reported Sales Adjustments Adjusted Sales Change in Reported Sales Change in Adjusted Sales Aerospace & Defense markets: Aerospace Defense $ 132,074  $ —  $ 132,074  $ 99,879  $ —  $ 99,879  32% 32% Ground Defense 90,760  —  90,760  66,256  —  66,256  37% 37% Naval Defense 177,647  —  177,647  171,956  —  171,956  3% 3% Commercial Aerospace 89,775  —  89,775  70,490  —  70,490  27% 27% Total Aerospace & Defense $ 490,256   $ —   $ 490,256   $ 408,581   $ —   $ 408,581   20% 20% Commercial markets: Power & Process 124,039  —  124,039  120,339  —  120,339  3% 3% General Industrial 98,872  —  98,872  101,940  —  101,940  (3%) (3%) Total Commercial $ 222,911   $ —   $ 222,911   $ 222,279   $ —   $ 222,279   0% 0% Total Curtiss-Wright $ 713,167   $ —   $ 713,167   $ 630,860   $ —   $ 630,860   13% 13% Curtiss-Wright Corporation, Page 13 CURTISS-WRIGHT CORPORATION and SUBSIDIARIES RECONCILIATION OF AS REPORTED TO ADJUSTED DILUTED EARNINGS PER SHARE (UNAUDITED) Three Months Ended March 31, 2024 2023 Diluted earnings per share - As Reported $ 1.99   $ 1.48   First year purchase accounting adjustments —  0.05  Diluted earnings per share - Adjusted (1) $ 1.99   $ 1.53   (1) All adjustments are presented net of income taxes. Curtiss-Wright Corporation, Page 14 Organic Sales and Organic Operating Income The Corporation discloses organic sales and organic operating income because the Corporation believes it provides investors with insight as to the Company’s ongoing business performance. Organic sales and organic operating income are defined as sales and operating income, excluding contributions from acquisitions and results of operations from divested businesses or product lines during the last twelve months, and foreign currency fluctuations. Three Months Ended March 31, 2024 vs. 2023 Aerospace & Industrial Defense Electronics Naval & Power Total Curtiss-Wright Sales Operating income Sales Operating income Sales Operating income Sales Operating income As Reported 8% 3% 31% 106% 6% (7%) 13% 27% Less: Acquisitions 0% 0% 0% 0% 0% 0% 0% 0% Foreign Currency 0% 2% (1%) 0% 0% 0% 0% 1% Organic 8% 5% 30% 106% 6% (7%) 13% 28% Curtiss-Wright Corporation, Page 15 Free Cash Flow and Free Cash Flow Conversion The Corporation discloses free cash flow because it measures cash flow available for investing and financing activities. Free cash flow represents cash available to repay outstanding debt, invest in the business, acquire businesses, return capital to shareholders and make other strategic investments. Free cash flow is defined as net cash provided by operating activities less capital expenditures. Adjusted free cash flow excludes: (i) payments associated with the Westinghouse legal settlement in the prior year period. The Corporation discloses adjusted free cash flow conversion because it measures the proportion of net earnings converted into free cash flow and is defined as adjusted free cash flow divided by adjusted net earnings. CURTISS-WRIGHT CORPORATION and SUBSIDIARIES NON-GAAP FINANCIAL DATA (UNAUDITED) ($'s in thousands) Three Months Ended March 31, 2024 2023 Net cash used for operating activities $ (45,633) $ (91,599) Capital expenditures (12,055) (10,661) Free cash flow $ (57,688) $ (102,260) Westinghouse legal settlement —  10,000  Adjusted free cash flow $ (57,688) $ (92,260) Adjusted free cash flow conversion (75  %) (157  %) Curtiss-Wright Corporation, Page 16 CURTISS-WRIGHT CORPORATION 2024 Guidance As of May 1, 2024 ($'s in millions, except per share data) 2023 Reported  (GAAP) 2023 Adjustments (Non-GAAP) (1,2) 2023 Adjusted (Non-GAAP) (1) 2024 Reported Guidance (GAAP) 2024  Adjustments (Non-GAAP) 2024 Adjusted Guidance (Non-GAAP) Low High Low High Chg vs 2023 Adjusted Sales: Aerospace & Industrial $ 887  $ —  $ 887  $ 915  $ 930  $ —  $ 915  $ 930  3 - 5% Defense Electronics 816  —  816  882  897  —  882  897  8 - 10% Naval & Power 1,142  —  1,142  1,188  1,208  —  1,188  1,208  4 - 6% Total sales $ 2,845   $ —   $ 2,845   $ 2,985   $ 3,035   $ —   $ 2,985   $ 3,035   5 to 7% Operating income: Aerospace & Industrial $ 145  $ —  $ 145  $ 152  $ 156  $ —  $ 152  $ 156  5 - 8% Defense Electronics 192  —  192  212  218  —  212  218  11 - 13% Naval & Power 189  9  198  192  197  —  192  197  (3) - (1)% Total segments 526   9   535   556   571   —  556   571   Corporate and other (42) —  (42) (38) (39) —  (38) (39) Total operating income $ 485   $ 9   $ 494   $ 518   $ 533   $ —   $ 518   $ 533   5 to 8% Interest expense $ (51) $ —  $ (51) $ (44) $ (45) $ —  $ (44) $ (45) Other income, net 30  —  30  34  35  —  34  35  Earnings before income taxes 463   9   472   508   524   —   508   524   Provision for income taxes (109) (2) (111) (119) (123) —  (119) (123) Net earnings $ 355   $ 6   $ 361   $ 389   $ 400   $ —   $ 389   $ 400   Diluted earnings per share $ 9.20   $ 0.18   $ 9.38   $ 10.10   $ 10.40   $ —   $ 10.10   $ 10.40   8 to 11% Diluted shares outstanding 38.5  38.5  38.5  38.5  38.5  38.5  Effective tax rate 23.4  % 23.4  % 23.5  % 23.5  % 23.5  % 23.5  % Operating margins: Aerospace & Industrial 16.4  % 16.4  % 16.6  % 16.8  % 16.6  % 16.8  % 20 to 40 bps Defense Electronics 23.5  % 23.5  % 24.0  % 24.2  % 24.0  % 24.2  % 50 to 70 bps Naval & Power 16.6  % 17.4  % 16.1  % 16.3  % 16.1  % 16.3  % (110 to 130 bps) Total operating margin 17.0   % 17.4   % 17.4   % 17.6   % 17.4   % 17.6   % 0 to 20 bps Free cash flow $ 403   $ 10   $ 413   $ 415   $ 435   $ —   $ 415   $ 435   0 to 5% Notes: Full year amounts may not add due to rounding. (1) 2023 Adjusted financials exclude the impact of first year purchase accounting adjustments. (2) Free Cash Flow is defined as cash flow from operations less capital expenditures. 2023 Adjusted Free Cash Flow excluded a legal settlement payment of $10 million. Curtiss-Wright Corporation, Page 17 CURTISS-WRIGHT CORPORATION 2024 Sales Growth Guidance by End Market As of May 1, 2024 2024 % Change vs. 2023 Adjusted Prior Current % Total Sales Aerospace & Defense Markets Aerospace Defense 5 - 7% 6 - 8% 20% Ground Defense 4 - 6% 10 - 12% 11% Naval Defense 3 - 5% 3 - 5% 25% Commercial Aerospace 10 - 12% 10 - 12% 12% Total Aerospace & Defense 5 - 7% 6 - 8% 68% Commercial Markets Power & Process 3 - 5% 4 - 6% 18% General Industrial 1 - 3% 1 - 3% 15% Total Commercial 2 - 4% 2 - 4% 32% Total Curtiss-Wright Sales 4 - 6% 5 - 7% 100% Note: Sales percentages may not add due to rounding. Curtiss-Wright Corporation, Page 18 About Curtiss-Wright Corporation Curtiss-Wright Corporation (NYSE:CW) is a global integrated business that provides highly engineered products, solutions and services mainly to Aerospace & Defense markets, as well as critical technologies in demanding Commercial Power, Process and Industrial markets. We leverage a workforce of approximately 8,600 highly skilled employees who develop, design and build what we believe are the best engineered solutions to the markets we serve. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing innovative solutions through trusted customer relationships. For more information, visit www.curtisswright.com . ### Certain statements made in this press release, including statements about future revenue, financial performance guidance, quarterly and annual revenue, net income, operating income growth, future business opportunities, cost saving initiatives, the successful integration of the Company’s acquisitions, and future cash flow from operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements present management's expectations, beliefs, plans and objectives regarding future financial performance, and assumptions or judgments concerning such performance. Any discussions contained in this press release, except to the extent that they contain historical facts, are forward-looking and accordingly involve estimates, assumptions, judgments, and uncertainties. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include but are not limited to: a reduction in anticipated orders; an economic downturn; changes in the competitive marketplace and/or customer requirements; a change in government spending; an inability to perform customer contracts at anticipated cost levels; and other factors that generally affect the business of aerospace, defense contracting, electronics, marine, and industrial companies. Such factors are detailed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and subsequent reports filed with the Securities and Exchange Commission. This press release and additional information are available at www.curtisswright.com . Contact:     Jim Ryan     (704) 869-4621     Jim.Ryan@curtisswright.com