Curtiss-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
Sales - Defense Electronics % Chg
“8 -10%”
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
2023 Adjusted Prior Current % Total Sales Aerospace & Defense Markets Aerospace Defense 6 - 8% 7 - 9% 20% Ground Defense 10 - 12% 10 - 12% 11% Naval Defense 3 - 5% 5 - 7% 25% Commercial Aerospace 10 - 12% 13 - 15% 12% Total Aerospace & Defense 6 - 8% 8 - 10% 68% Commercial Markets Power & Process 4 - 6% 4 - 6% 18% General Industrial 1 - 3% Flat 14% Total Commercial 2 - 4% 1 - 3% 32% Total Curtiss-Wright Sales 5 - 7% 6 - 8% 100% Note: Sales percentages may not add due to rounding. Curtiss-Wright Corporation, Page 20 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
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.