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
General Industrial % Total Sales
“14%”
Period
FY2024
Measure
GAAP-tied
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 11 CURTISS-WRIGHT CORPORATION and SUBSIDIARIES RECONCILIATION OF AS REPORTED TO ADJUSTED (UNAUDITED) ($'s in thousands) Three Months Ended Three Months Ended September 30, 2024 September 30, 2023 % Change As Reported Adjustments Adjusted As Reported Adjustments Adjusted As Reported Adjusted Sales: Aerospace & Industrial $ 228,659 $ — $ 228,659 $ 220,297 $ — $ 220,297 4 % 4 % Defense Electronics 243,029 — 243,029 216,285 — 216,285 12 % 12 % Naval & Power 327,230 — 327,230 287,744 — 287,744 14 % 14 % Total sales $ 798,918 $ — $ 798,918 $ 724,326 $ — $ 724,326 10 % 10 % Operating income (expense): Aerospace & Industrial (2) $ 37,435 $ 1,926 $ 39,361 $ 39,014 $ — $ 39,014 (4) % 1 % Defense Electronics (2) 63,639 819 64,458 56,212 — 56,212 13 % 15 % Naval & Power (1)(2) 53,039 759 53,798 47,663 1,333 48,996 11 % 10 % Total segments $ 154,113 $ 3,504 $ 157,617 $ 142,889 $ 1,333 $ 144,222 8 % 9 % Corporate and other (2) (9,210) 660 (8,550) (10,370) — (10,370) 11 % 18 % Total operating income $ 144,903 $ 4,164 $ 149,067 $ 132,519 $ 1,333 $ 133,852 9 % 11 % Operating margins: As Reported Adjusted As Reported Adjusted As Reported Adjusted Aerospace & Industrial 16.4 % 17.2 % 17.7 % 17.7 % (130 bps) (50 bps) Defense Electronics 26.2 % 26.5 % 26.0 % 26.0 % 20 bps 50 bps Naval & Power 16.2 % 16.4 % 16.6 % 17.0 % (40 bps) (60 bps) Total Curtiss-Wright 18.1 % 18.7 % 18.3 % 18.5 % (20 bps) 20 bps Segment margins 19.3 % 19.7 % 19.7 % 19.9 % (40 bps) (20 bps) (1) Excludes first year purchase accounting adjustments in both the current and prior year periods. (2) Excl
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.