HighGravityDataCurtiss-Wright — Oct 30, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000026324-24-000046
Showing in the filing
Diluted earnings per share (Adjusted)
“$10.55 - $10.75”
Period
FY2024
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 48
Sales growth for FY2024
“7% to 9% growth”
Diluted EPS for FY2024
“$10.55 to $10.75, up 12% to 15%”
Free cash flow for FY2024
“$430 to $450 million, up 4% to 9%”
Adjusted FCF conversion for FY2024
“greater than 105%”
Quarterly dividend
“$0.21 a share”
Total Sales (Adjusted) for FY2024
“$3,050 - $3,095”
Total Sales Change vs 2023 Adjusted for FY2024
“Up 7% - 9%”
Total Operating Income (Adjusted) for FY2024
“$531 - $545”
Total Operating Margin (Adjusted) for FY2024
“17.4% - 17.6%”
Total Operating Margin Change vs 2023 Adjusted for FY2024
“0 - 20 bps”
Diluted earnings per share (Adjusted) for FY2024
“$10.55 - $10.75”
Diluted EPS (Adjusted) for FY2024
“$10.55 - $10.75”
Free cash flow (Reported/Adjusted) for FY2024
“$430 - $450”
Free Cash Flow Change vs 2023 Adjusted for FY2024
“Up 4% - 9%”
General Industrial % Total Sales for FY2024
“14%”
Naval & Power Sales Change vs 2023 Adjusted for FY2024
“8 - 9%”
Sales - Naval & Power % Chg for FY2024
“8 - 9%”
Aerospace & Industrial Operating Income Chan… for FY2024
“8 - 11%”
Operating income - Aerospace & Industrial % … for FY2024
“8 - 11%”
Ground Defense % Total Sales for FY2024
“11%”
Naval & Power Operating Income Change vs 202… for FY2024
“0 - 2%”
Operating income - Naval & Power % Chg for FY2024
“0 - 2%”
Total operating income % Chg for FY2024
“7 - 10%”
Total Operating Income Change vs 2023 Adjusted for FY2024
“7 - 10%”
Diluted earnings per share Change vs 2023 Ad… for FY2024
“12 - 15%”
Aerospace & Industrial Operating Margin Chan… for FY2024
“50 - 70 bps”
Defense Electronics Operating Margin Change … for FY2024
“70 - 90 bps”
Naval & Power Operating Margin Change vs 202… for FY2024
“(110 - 130 bps)”
Aerospace Defense Sales Growth (Current) for FY2024
“9 - 11%”
Defense Electronics Sales Change vs 2023 Adj… for FY2024
“9 - 11%”
Sales - Defense Electronics % Chg for FY2024
“9 - 11%”
Aerospace Defense % Total Sales for FY2024
“20%”
Total Aerospace & Defense Sales Growth (Curr… for FY2024
“10 - 12%”
Naval Defense % Total Sales for FY2024
“26%”
Defense Electronics Operating Income Change … for FY2024
“13 - 15%”
Operating income - Defense Electronics % Chg for FY2024
“13 - 15%”
Commercial Aerospace Sales Growth (Current) for FY2024
“16 - 18%”
Commercial Aerospace % Total Sales for FY2024
“12%”
Total Aerospace & Defense % Total Sales for FY2024
“69%”
Aerospace & Industrial Sales Change vs 2023 … for FY2024
“4 - 6%”
Sales - Aerospace & Industrial % Chg for FY2024
“4 - 6%”
Power & Process Sales Growth (Current) for FY2024
“5 - 7%”
Power & Process % Total Sales for FY2024
“18%”
General Industrial Sales Growth (Current) for FY2024
“(2 - 4%)”
Total Commercial Sales Growth (Current) for FY2024
“1 - 3%”
Total Commercial % Total Sales for FY2024
“31%”
Total Curtiss-Wright Sales Growth (Current) for FY2024
“7 - 9%”
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 7 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 $3,010 - $3,060 $3,050 - $3,095 Up 7% - 9% Operating Income $525 - $539 $531 - $545 Up 7% - 10% Operating Margin 17.4% - 17.6% 17.4% - 17.6% Up 0 - 20 bps Diluted EPS $10.40 - $10.65 $10.55 - $10.75 Up 12% - 15% Free Cash Flow $425 - $445 $430 - $450 Up 4% - 9% (1) Reconciliations of Reported to Adjusted 2023 operating results and 2024 financial guidance are available in the Appendix. ********** A more detailed breakdown of the Company’s 2024 financial guidance by segment and by market, as well as all reconciliations of Reported GAAP amounts to Adjusted Non-GAAP amounts, can be found in the accompanying schedules. Historical financial results are available in the Investor Relations section of Curtiss-Wright’s website. Conference Call & Webcast Information The Company will host a conference call to discuss its third quarter 2024 financial results and updates to 2024 guidance at 10:00 a.m. ET on Thursday, October 31, 2024. A live webcast of the call and the accompanying financial presentation, as well as a webcast replay of the call, will be made available on the internet by visiting the Investor Relations section of the Company’s website at www.curtisswright.com . (Tables to Follow) Curtiss-Wright Corporation, Page 8 CURTISS-WRIGHT CORPORATION and SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) ($'s in thousands, except per share data) Three Months Ended
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.