Curtiss-Wright — Feb 12, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000026324-25-000008
Showing in the filing
EPS growth
“double-digit”
Period
FY2025
Measure
GAAP-tied
Source
Prose
All guidance in this release · 46
EPS growth for FY2025
“double-digit”
Operating margin expansion for FY2025
“40 to 60 basis points”
Free Cash Flow Generation for FY2025
“strong free cash flow generation”
Three-Year Financial Targets for the long term
“line of sight to the three-year financial targets that we communicated at our 2024 Investor Day”
Quarterly dividend
“$0.21 a share”
Adjusted Total Sales for FY2025
“$3,335 - $3,385”
Total operating income for FY2025
“$598 - $613”
Operating Income % Chg vs 2024 Adjusted for FY2025
“10 - 12%”
Total operating income % Chg for FY2025
“10 - 12%”
Total operating margin for FY2025
“17.9% - 18.1%”
Operating margin - Aerospace & Industrial % … for FY2025
“40 - 60 bps”
Operating Margin % Chg vs 2024 Adjusted for FY2025
“40 - 60 bps”
Diluted earnings per share for FY2025
“$12.10 - $12.40”
Diluted EPS for FY2025
“$12.10 - $12.40”
Free Cash Flow for FY2025
“$485 - $505”
Free Cash Flow % Chg vs 2024 Adjusted for FY2025
“0 - 4%”
Capital expenditures increase for FY2025
“$14 to $24 million year-over-year”
General Industrial % Total Sales for FY2025
“12%”
Ground Defense sales growth for FY2025
“3 - 5%”
Sales - Defense Electronics % Chg for FY2025
“7 - 9%”
Sales - Naval & Power % Chg for FY2025
“10 - 11%”
Ground Defense % Total Sales for FY2025
“11%”
Operating income - Aerospace & Industrial % … for FY2025
“5 - 8%”
Operating income - Defense Electronics % Chg for FY2025
“8 - 10%”
Operating income - Naval & Power % Chg for FY2025
“13 - 16%”
Diluted earnings per share % Chg for FY2025
“11 - 14%”
Diluted EPS % Chg vs 2024 Adjusted for FY2025
“11 - 14%”
Diluted shares outstanding for FY2025
“37.9”
Effective tax rate for FY2025
“22.0%”
Operating margin - Defense Electronics % Chg for FY2025
“10 - 30 bps”
Operating margin - Naval & Power % Chg for FY2025
“50 - 70 bps”
Aerospace Defense sales growth for FY2025
“6 - 8%”
Aerospace Defense % Total Sales for FY2025
“20%”
Sales - Aerospace & Industrial % Chg for FY2025
“3 - 5%”
Naval Defense % Total Sales for FY2025
“25%”
Commercial Aerospace sales growth for FY2025
“10 - 12%”
Commercial Aerospace % Total Sales for FY2025
“13%”
Total Aerospace & Defense sales growth for FY2025
“5 - 7%”
Total Aerospace & Defense % Total Sales for FY2025
“69%”
Power & Process sales growth for FY2025
“16 - 18%”
Power & Process % Total Sales for FY2025
“19%”
General Industrial sales growth for FY2025
“Flat”
Total Commercial sales growth for FY2025
“9 - 11%”
Total Commercial % Total Sales for FY2025
“31%”
Total Curtiss-Wright Sales growth for FY2025
“7 - 8%”
Total Curtiss-Wright Sales % Total Sales for FY2025
“100%”
Exhibit 99.1 · the passage around this item
… earlier in the release
poration, Page 1 Exhibit 99.1 NEWS RELEASE CURTISS-WRIGHT REPORTS FOURTH QUARTER AND FULL-YEAR 2024 FINANCIAL RESULTS; ISSUES FULL-YEAR 2025 GUIDANCE REFLECTING HIGHER SALES, OPERATING MARGIN EXPANSION AND DOUBLE-DIGIT EPS GROWTH Company Delivers Record FY24 Sales, Profitability, EPS, Free Cash Flow and Orders DAVIDSON, N.C. – February 12, 2025 – Curtiss-Wright Corporation (NYSE: CW) reports financial results for the fourth quarter and full-year ended December 31, 2024. Fourth Quarter 2024 Highlights: • Reported sales of $824 million, up 5%, operating income of $155 million, operating margin of 18.8%, and diluted earnings per share (EPS) of $3.09; • Adjusted operating income of $163 million; • Adjusted operating margin of 19.8%; • Adjusted diluted EPS of $3.27, up 3%; • Free cash flow (FCF) of $278 million, generating 223% Adjusted FCF conversion; • Total share repurchases of $112 million; and • New orders of $939 million, up 37%, generating a book-to-bill of 1.1x. Full-Year 2024 Highlights: • Reported sales of $3.1 billion, up 10%, operating income of $529 million, operating margin of 16.9%, and diluted EPS of $10.55; • Adjusted operating income of $546 million, up 11%; • Adjusted operating margin of 17.5%, up 10 basis points; • Adjusted diluted EPS of $10.90, up 16%; • FCF of $483 million, generating 116% Adjusted FCF conversion; • Total share repurchases of $250 million; • New orders of $3.7
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.