Curtiss-Wright — May 1, 2024 release

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