HighGravityDataCurtiss-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
General Industrial % Total Sales
“12%”
Period
FY2025
Measure
GAAP-tied
Source
Guidance table
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 $24 million year-over-year”
General Industrial % Total Sales for FY2025
“12%”
Ground Defense sales growth for FY2025
“3 - 5%”
Sales - Defense Electronics % Chg for FY2025
“7 - 9%”
Sales - Naval & Power % Chg for FY2025
“10 - 11%”
Ground Defense % Total Sales for FY2025
“11%”
Operating income - Aerospace & Industrial % … for FY2025
“5 - 8%”
Operating income - Defense Electronics % Chg for FY2025
“8 - 10%”
Operating income - Naval & Power % Chg for FY2025
“13 - 16%”
Diluted earnings per share % Chg for FY2025
“11 - 14%”
Diluted EPS % Chg vs 2024 Adjusted for FY2025
“11 - 14%”
Diluted shares outstanding for FY2025
“37.9”
Effective tax rate for FY2025
“22.0%”
Operating margin - Defense Electronics % Chg for FY2025
“10 - 30 bps”
Operating margin - Naval & Power % Chg for FY2025
“50 - 70 bps”
Aerospace Defense sales growth for FY2025
“6 - 8%”
Aerospace Defense % Total Sales for FY2025
“20%”
Sales - Aerospace & Industrial % Chg for FY2025
“3 - 5%”
Naval Defense % Total Sales for FY2025
“25%”
Commercial Aerospace sales growth for FY2025
“10 - 12%”
Commercial Aerospace % Total Sales for FY2025
“13%”
Total Aerospace & Defense sales growth for FY2025
“5 - 7%”
Total Aerospace & Defense % Total Sales for FY2025
“69%”
Power & Process sales growth for FY2025
“16 - 18%”
Power & Process % Total Sales for FY2025
“19%”
General Industrial sales growth for FY2025
“Flat”
Total Commercial sales growth for FY2025
“9 - 11%”
Total Commercial % Total Sales for FY2025
“31%”
Total Curtiss-Wright Sales growth for FY2025
“7 - 8%”
Total Curtiss-Wright Sales % Total Sales for FY2025
“100%”
Exhibit 99.1 · the passage around this item
… earlier in the release
Curtiss-Wright Corporation, Page 12 CURTISS-WRIGHT CORPORATION and SUBSIDIARIES RECONCILIATION OF AS REPORTED TO ADJUSTED (UNAUDITED) ($'s in thousands) Three Months Ended Three Months Ended December 31, 2024 December 31, 2023 % Change As Reported Adjustments Adjusted As Reported Adjustments Adjusted As Reported Adjusted Sales: Aerospace & Industrial $ 250,917 $ — $ 250,917 $ 238,224 $ — $ 238,224 5 % 5 % Defense Electronics 227,475 — 227,475 239,751 — 239,751 (5) % (5) % Naval & Power 345,921 — 345,921 307,816 — 307,816 12 % 12 % Total sales $ 824,313 $ — $ 824,313 $ 785,791 $ — $ 785,791 5 % 5 % Operating income (expense): Aerospace & Industrial (3) $ 47,876 $ 5,694 $ 53,570 $ 44,054 $ — $ 44,054 9 % 22 % Defense Electronics (3) 54,775 587 55,362 69,015 — 69,015 (21) % (20) % Naval & Power (1)(2)(3) 65,150 962 66,112 56,845 2,529 59,374 15 % 11 % Total segments $ 167,801 $ 7,243 $ 175,044 $ 169,914 $ 2,529 $ 172,443 (1) % 2 % Corporate and other (3) (12,965) 1,414 (11,551) (9,221) — (9,221) (41) % (25) % Total operating income $ 154,836 $ 8,657 $ 163,493 $ 160,693 $ 2,529 $ 163,222 (4) % — % Operating margins: As Reported Adjusted As Reported Adjusted As Reported Adjusted Aerospace & Industrial 19.1 % 21.3 % 18.5 % 18.5 % 60 bps 280 bps Defense Electronics 24.1 % 24.3 % 28.8 % 28.8 % (470 bps) (450 bps) Naval & Power 18.8 % 19.1 % 18.5 % 19.3 % 30 bps (20 bps) Total Curtiss-Wright 18.8 % 19.8 % 20.4 % 20.8 % (160 bps) (100 bps) Segment margins 20.4 % 21.2 % 21.6 % 21.9 % (120 bps) (70 bps) (1) Excludes first year purchase accounting adjustments in both the current and prior year period
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.