HighGravityDataCurtiss-Wright — Aug 7, 2024 release
Fiscal 2024 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000026324-24-000035
Showing in the filing
Total Sales % Chg vs 2023 Adjusted
“Up 6% - 8%”
Period
FY2024
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 55
Sales growth for FY2024
“6% to 8% growth”
Operating margin range for FY2024
“17.4% to 17.6%”
Diluted EPS for FY2024
“$10.40 to $10.65”
Effective tax rate for FY2024
“22.5%”
Free cash flow for FY2024
“$425 to $445 million”
FCF conversion for FY2024
“greater than 105%”
Free Cash Flow Conversion for FY2024
“greater than 105%”
Restructuring Program Costs for FY2024
“approximately $15 million”
Annualized savings for FY2025
“approximately $10 million”
Restructuring Program Annualized Savings for FY2025
“approximately $10 million”
Annualized savings (U.K. legal entity consol…
“approximately $5 million”
U.K. Legal Entity Consolidation Annualized S…
“approximately $5 million”
Annual recurring free cash flow (U.K. legal … for FY2024
“approximately $5 million”
U.K. Legal Entity Consolidation Annual Recur… for FY2024
“approximately $5 million”
Ultra Energy Adjusted Diluted EPS Impact for FY2024
“accretive”
Free cash flow conversion rate (Ultra Energy) for FY2024
“in excess of 100%”
Quarterly dividend
“$0.21 a share”
Total Sales for FY2024
“$3,010 - $3,060”
Total Sales % Chg vs 2023 Adjusted for FY2024
“Up 6% - 8%”
Total operating income for FY2024
“$525 - $539”
Operating Income % Chg vs 2023 Adjusted for FY2024
“Up 6% - 9%”
Operating Margin % Chg vs 2023 Adjusted for FY2024
“Up 0 - 20 bps”
Diluted earnings per share for FY2024
“$10.40 - $10.65”
Diluted EPS % Chg vs 2023 Adjusted for FY2024
“Up 11% - 14%”
Free Cash Flow % Chg vs 2023 Adjusted for FY2024
“Up 3% - 8%”
Operating income - Aerospace & Industrial % … for FY2024
“8 - 11%”
Ground Defense % Total Sales for FY2024
“11%”
Operating income - Defense Electronics % Chg for FY2024
“11 - 13%”
Operating income - Naval & Power % Chg for FY2024
“(2) - 0%”
Total operating income % Chg for FY2024
“6 - 9%”
Diluted earnings per share % Chg for FY2024
“11 - 14%”
Diluted shares outstanding for FY2024
“38.5”
Operating margin - Aerospace & Industrial % … for FY2024
“50 to 70 bps”
Operating margin - Defense Electronics % Chg for FY2024
“50 to 70 bps”
Operating margin - Naval & Power % Chg for FY2024
“(110 to 130 bps)”
Total operating margin % Chg for FY2024
“0 to 20 bps”
Aerospace Defense sales growth for FY2024
“7 - 9%”
Aerospace Defense % Total Sales for FY2024
“20%”
Ground Defense sales growth for FY2024
“10 - 12%”
Naval Defense % Total Sales for FY2024
“25%”
Commercial Aerospace sales growth for FY2024
“13 - 15%”
Commercial Aerospace % Total Sales for FY2024
“12%”
Sales - Defense Electronics % Chg for FY2024
“8 -10%”
Total Aerospace & Defense sales growth for FY2024
“8 - 10%”
Total Aerospace & Defense % Total Sales for FY2024
“68%”
Power & Process sales growth for FY2024
“4 - 6%”
Sales - Aerospace & Industrial % Chg for FY2024
“4 - 6%”
Power & Process % Total Sales for FY2024
“18%”
General Industrial % Total Sales for FY2024
“14%”
Total Commercial sales growth for FY2024
“1 - 3%”
Total Commercial % Total Sales for FY2024
“32%”
Naval Defense sales growth for FY2024
“5 - 7%”
Sales - Naval & Power % Chg for FY2024
“5 -7%”
Total Curtiss-Wright Sales growth for FY2024
“6 - 8%”
Total Curtiss-Wright Sales % Total Sales for FY2024
“100%”
Exhibit 99.1 · the passage around this item
… earlier in the release
Curtiss-Wright Corporation, Page 8 Full-Year 2024 Guidance The Company is updating its full-year 2024 Adjusted financial guidance (1) as follows: ($ in millions, except EPS) 2024 Adjusted Non-GAAP Guidance (Prior) 2024 Adjusted Non-GAAP Guidance (Current) Change vs 2023 Adjusted (Current) Total Sales $2,985 - $3,035 $3,010 - $3,060 Up 6% - 8% Operating Income $518 - $533 $525 - $539 Up 6% - 9% Operating Margin 17.4% - 17.6% 17.4% - 17.6% Up 0 - 20 bps Diluted EPS $10.10 - $10.40 $10.40 - $10.65 Up 11% - 14% Free Cash Flow $415 - $435 $425 - $445 Up 3% - 8% (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 second quarter 2024 financial results and updates to 2024 guidance at 10:00 a.m. ET on Thursday, August 8, 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 9 CURTISS-
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.