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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
Naval Defense % Total Sales
“25%”
Period
FY2024
Measure
GAAP-tied
Source
Guidance table
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
CURTISS-WRIGHT CORPORATION 2024 Sales Growth Guidance by End Market As of February 14, 2024                       2024 % Change vs 2023 Adjusted   % Total Sales         Aerospace & Defense Markets       Aerospace Defense 5 - 7%   20% Ground Defense 4 - 6%   11% Naval Defense 3 - 5%   25% Commercial Aerospace 10 - 12%   12% Total Aerospace & Defense 5 - 7%   67%         Commercial Markets       Power & Process 3 - 5%   18% General Industrial 1 - 3%   15% Total Commercial 2 - 4%   33%         Total Curtiss-Wright Sales 4 - 6%   100%         Note: Sales percentages may not add due to rounding.   About Curtiss-Wright Corporation Curtiss-Wright Corporation (NYSE:CW) is a global integrated business that provides highly engineered products, solutions and services mainly to Aerospace & Defense markets, as well as critical technologies in demanding Commercial Power, Process and Industrial markets. We leverage a workforce of approximately 8,600 highly skilled employees who develop, design and build what we believe are the best engineered solutions to the markets we serve. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.