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Curtiss-Wright — Feb 14, 2024 release

Fiscal 2023 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001157523-24-000252
Open on SEC.gov ↗
Showing in the filing
Quarterly dividend
“$0.20 a share”
Period
No period stated
Measure
Declared action
Source
Prose
All guidance in this release · 32
Free cash flow generation for FY2024
“ranging from $415 to $435 million”
Quarterly dividend
“$0.20 a share”
Total Sales for FY2024
“$2,960 - $3,010”
Total Sales % Chg vs 2023 Adjusted for FY2024
“Up 4% - 6%”
Operating Income for FY2024
“$514 - $528”
Operating Income % Chg vs 2023 Adjusted for FY2024
“Up 4% - 7%”
Operating Margin for FY2024
“17.4% - 17.6%”
Operating Margin % Chg vs 2023 Adjusted for FY2024
“Up 0 - 20 bps”
Diluted EPS for FY2024
“$10.00 - $10.30”
Diluted EPS % Chg vs 2023 Adjusted for FY2024
“Up 7% - 10%”
Free Cash Flow % Chg vs 2023 Adjusted for FY2024
“Up 0% - 5%”
Operating income - Aerospace & Industrial % … for FY2024
“5 - 8%”
Operating income - Defense Electronics % Chg for FY2024
“3 - 6%”
Operating income - Naval & Power % Chg for FY2024
“2 - 5%”
Diluted shares outstanding for FY2024
“38.5”
Effective tax rate for FY2024
“23.5%”
Sales - Defense Electronics % Chg for FY2024
“5 - 7%”
Total Aerospace & Defense sales growth for FY2024
“5 - 7%”
Aerospace Defense % Total Sales for FY2024
“20%”
Ground Defense % Total Sales for FY2024
“11%”
Naval Defense sales growth for FY2024
“3 - 5%”
Naval Defense % Total Sales for FY2024
“25%”
Commercial Aerospace sales growth for FY2024
“10 - 12%”
Commercial Aerospace % Total Sales for FY2024
“12%”
Total Aerospace & Defense % Total Sales for FY2024
“67%”
Power & Process sales growth for FY2024
“3 - 5%”
Sales - Aerospace & Industrial % Chg for FY2024
“3 - 5%”
General Industrial sales growth for FY2024
“1 - 3%”
Total Commercial sales growth for FY2024
“2 - 4%”
Ground Defense sales growth for FY2024
“4 - 6%”
Sales - Naval & Power % Chg for FY2024
“4 - 6%”
Total Curtiss-Wright Sales growth for FY2024
“4 - 6%”
Exhibit 99.1 · the passage around this item
… earlier in the release
Share Repurchase and Dividends During the fourth quarter, the Company repurchased 60,442 shares of its common stock for approximately $13 million; During full-year 2023, the Company repurchased 0.3 million shares for $50 million; and The Company also declared a quarterly dividend of $0.20 a share. Full-Year 2024 Guidance The Company's full-year 2024 financial guidance (1) is as follows: ($ in millions, except EPS) 2024 Guidance % Chg vs 2023 Adjusted Total Sales $2,960 - $3,010 Up 4% - 6% Operating Income $514 - $528 Up 4% - 7% Operating Margin 17.4% - 17.6% Up 0 - 20 bps Diluted EPS $10.00 - $10.30 Up 7% - 10% Free Cash Flow $415 - $435 Up 0% - 5% (1) Reconciliations of Reported to Adjusted 2023 operating results and 2024 financial guidance are available in the Appendix, and exclude first year purchase accounting costs associated with prior year acquisitions. ********** 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 fourth quarter and full-ye
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.