Curtiss-Wright — Aug 7, 2024 release

legal entity consolidation program anticipated to facilitate more efficient cash repatriation. This initiative is expected to generate approximately $5 million in annualized savings, based on a 100 basis point reduction in the effective tax rate, and approximately $5 million in annual recurring free cash flow. Acquisition of Ultra Energy • On June 3, 2024, the Company announced the acquisition of Ultra Nuclear Limited and Weed Instrument Co., Inc. (“Ultra Energy”) for $200 million in cash. • Ultra Energy is a leading global provider of safety-critical monitoring systems, temperature and pressure sensors, and reactor protection and control systems principally to the commercial nuclear and A&D markets; • The business is expected to be accretive to Curtiss-Wright's adjusted diluted earnings per share in its first full year of ownership, excluding first year purchase accounting costs, and produce a free cash flow conversion rate in excess of 100%; and • The acquisition is expected to close in the third quarter of 2024, subject to U.K. regulatory approval, and the acquired business will operate within Curtiss-Wright's Naval & Power segment. Second Quarter 2024 Operating Results (In millions) Q2-2024 Q2-2023 Change Reported Sales $ 785  $ 704  11  % Operating income $ 129  $ 113  14  % Operating margin 16.4  % 16.0  % 40 bps Adjusted (1) Sales $ 785  $ 704  11  % Operating income $ 133  $ 115  16  % Operating margin 17.0  % 16.4  % 60 bps (1) Reconciliation