Curtiss-Wright Hosts 2024 Investor Day and Provides New Long-Term Financial Guidance

Curtiss-Wright Corporation (NYSE: CW) announced that it is hosting an Investor Day in New York City today beginning at 8:30 a.m. EDT, reaffirming full-year 2024 financial guidance and providing its initial long-term outlook through 2026.

Lynn M. Bamford, Chair and Chief Executive Officer, K. Christopher Farkas, Vice President and Chief Financial Officer, and other members of the executive management team, will provide an in-depth review of the Company’s Pivot to Growth strategy for continued profitable growth and introduce new long-term financial targets. In addition, the Company is excited to host a panel of commercial nuclear energy experts, including senior leadership from the Nuclear Energy Institute, a policy organization of the nuclear technologies industry based in Washington, D.C.; Westinghouse Electric Company, designer of the AP1000 and AP300 pressurized water reactors; and Energy Northwest, a public power utility company and a premier provider of carbon-free electricity.

“This is an exciting time for Curtiss-Wright as we leverage our strong track record of operational excellence and financial discipline, and continue to build momentum in our Pivot to Growth strategy,” said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation. “Our technologies and portfolio of solutions are incredibly well-aligned with customer and industry needs and growth trends in all our core end markets. We expect to deliver incremental operating margin expansion and strong free cash flow generation, while making strategic investments in research and development to accelerate our long-term organic growth. Overall, we are confident in our ability to achieve our new 3-year financial targets and deliver significant long-term value for all of our stakeholders.”

Introducing 3-Year Financial Targets (2024 - 2026):

• Total Organic Revenue CAGR above 5%;
• Operating Income Growth > Revenue Growth, implying continued operating margin expansion;
• Top Quartile Margin Performance (relative to CW’s proxy peer group);
• EPS CAGR above 10%;
• Free Cash Flow Conversion above 105%, based on more normalized capital expenditures; and
• Targets reflect base year of 2023, and do not include an AP1000 order in this timeframe.

Event Webcast Details: