Financial Data and Key Metrics Changes - Sales for Q1 2025 reached $806 million, representing a 13% year-over-year increase or 11% on an organic basis, driven by growth in aerospace and defense markets [6][10] - Operating income increased by 34% year-over-year, resulting in a 260 basis points expansion in overall operating margin [7][10] - Diluted earnings per share (EPS) rose by 42% year-over-year, primarily due to higher aerospace and defense sales [8][10] - Free cash flow increased by 5% year-over-year, despite typically being a first-quarter outflow [8][10] - New orders increased by 13% year-over-year, reaching a record of over $1 billion, resulting in a book-to-bill ratio of 1.26 times [8][10] Business Line Data and Key Metrics Changes - **Aerospace and Industrial Segment**: Sales increased by 4%, with strong demand in defense markets, particularly for actuation equipment supporting F-35 and F-18 programs [12][13] - **Defense Electronics Segment**: Sales grew by 16%, driven by embedded computing equipment sales for C5ISR programs and higher revenues from helicopter platforms [13][14] - **Naval and Power Segment**: Sales grew by 18%, primarily due to strong performance in naval defense and contributions from acquisitions in commercial nuclear and process markets [15][16] Market Data and Key Metrics Changes - The backlog reached a record of over $3.6 billion, providing visibility and confidence in long-term growth [10] - The company expects total sales to grow by 8% to 9% in 2025, with operating margins projected to increase by 80 to 100 basis points [10][11] - The commercial aerospace market is expected to see a sales increase of 13% to 15%, driven by new cockpit voice recorder solutions [19][20] Company Strategy and Development Direction - The company is focused on operational growth and commercial excellence to expand margins and fund investments for profitable growth [5][10] - The strategy includes leveraging strong domain expertise to enhance customer engagement and address challenging problems in mission-critical technologies [4][5] - The company is well-positioned to capture growth trends in defense, commercial aerospace, and nuclear markets, with a strong emphasis on R&D and technological leadership [32][34][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver strong results despite macroeconomic uncertainties, citing quick adaptations to challenges faced in previous years [5][10] - The outlook for 2025 has been raised, with expectations for strong top and bottom line growth, driven by a robust order book and operational excellence initiatives [10][11] - Management highlighted the importance of the U.S. defense budget and ongoing support for nuclear energy as positive indicators for future growth [32][64] Other Important Information - Approximately 20% of the company's business is subject to tariffs, with an estimated $30 million impact for 2025, but mitigation strategies are in place [21][22] - The company anticipates a total annualized savings of approximately $12 million from restructuring efforts initiated in 2024 [23][24] - The company is targeting a free cash flow range of $495 million to $515 million for 2025, reflecting a 2% to 7% increase over 2024 [28][29] Q&A Session Summary Question: Can you provide more detail on the tariff impact? - Management discussed the dynamic situation regarding tariffs and highlighted successful mitigation strategies that have reduced potential impacts significantly [42][44][46] Question: Was the increase in commercial aerospace guidance related to Boeing's return to production? - The increase was primarily driven by new cockpit voice recorder sales, with ongoing conservatism due to supply chain uncertainties [50][51][52] Question: How supportive has the current administration been towards nuclear energy? - Management expressed cautious optimism regarding ongoing support for nuclear energy, citing positive developments in Poland and Bulgaria [62][64] Question: What is the outlook for shipbuilding and how does it affect the company? - Management noted that while shipbuilding programs take time, there are immediate opportunities for the company to secure work share in existing fleet operations [67][68] Question: Can you comment on the Defense Electronics margin performance? - Management acknowledged conservatism in guidance due to various factors but emphasized ongoing operational excellence initiatives that are expected to yield positive results [70][72][74]

Q1 2025 EARNINGS CONFERENCE CALL Conference Call Dial-in numbers: (800) 343-5172 (domestic) (203) 518-9856 (international) Conference code: CWQ125 May 8, 2025 1 Investor Day 2024 SAFE HARBOR STATEMENT Please note that the information provided in this presentation is accurate as of the date of the original presentation. The presentation will remain posted on this website from one to twelve months following the initial presentation, but content will not be updated to reflect new information that may become av ...

Core Insights - Curtiss-Wright reported quarterly earnings of $2.82 per share, exceeding the Zacks Consensus Estimate of $2.39 per share, and up from $1.99 per share a year ago, representing an earnings surprise of 17.99% [1] - The company achieved revenues of $805.65 million for the quarter, surpassing the Zacks Consensus Estimate by 5.01%, and an increase from $713.17 million year-over-year [2] - The stock has increased approximately 2.4% since the beginning of the year, contrasting with a -4.7% decline in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.92, with expected revenues of $835.53 million, and for the current fiscal year, the EPS estimate is $12.16 on revenues of $3.34 billion [7] - The estimate revisions trend for Curtiss-Wright is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Aerospace - Defense Equipment industry is currently ranked in the top 14% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Another company in the same industry, CAE, is expected to report quarterly earnings of $0.31 per share, reflecting a year-over-year increase of 244.4%, with revenues projected at $906.71 million, up 8.5% from the previous year [9][10]

Company Overview - Curtiss-Wright (CW) is expected to report a year-over-year increase in earnings due to higher revenues for the quarter ended March 2025, with a consensus EPS estimate of $2.39, reflecting a +20.1% change [1][3] - Revenues are anticipated to reach $767.2 million, representing a 7.6% increase from the previous year [3] Earnings Expectations - The earnings report is scheduled for release on May 7, 2025, and could influence stock movement depending on whether the results exceed or fall short of expectations [2] - The consensus EPS estimate has been revised 0.19% lower in the last 30 days, indicating a reassessment by analysts [4] Earnings Surprise Prediction - The Most Accurate Estimate for Curtiss-Wright is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.12%, suggesting a likelihood of beating the consensus EPS estimate [10][11] - The company holds a Zacks Rank of 3, which indicates a neutral outlook [11] Historical Performance - In the last reported quarter, Curtiss-Wright exceeded the expected EPS of $3.08 by delivering $3.27, resulting in a surprise of +6.17% [12] - Over the past four quarters, the company has consistently beaten consensus EPS estimates [13] Industry Context - In the Zacks Aerospace - Defense Equipment industry, Astronics Corporation (ATRO) is expected to post earnings of $0.25 per share for the same quarter, indicating a significant year-over-year change of +377.8% [17] - Astronics' consensus EPS estimate has been revised 16.1% lower in the last 30 days, and it has an Earnings ESP of 0.00% combined with a Zacks Rank of 1, making predictions about beating the consensus EPS challenging [18]

Core Viewpoint - Curtiss-Wright Corporation (CW) has secured an $18 million contract from the U.S. Marine Corps to provide tactical communications technology for the Combat Data Network program, highlighting the company's reliability in military communications solutions [1][3]. Group 1: Details of CW's Deal - The contract involves supplying the PacStar 400-Series technology, which includes the PacStar 451 Server, PacStar 453 GPU Enhanced Server, and PacStar 448 10-port 10 GbE Switch modules, designed for efficient tactical edge operations [2]. - These technologies enhance mobility, deployment speed, transmission rates, and data access, showcasing their small form factor and ruggedized design [2]. Group 2: Growth Potential - The increasing geopolitical tensions necessitate secure and efficient information exchange on the battlefield, making military communication a critical focus for nations [4]. - The Military Communications market is projected to grow at a CAGR of 5.9% from 2025 to 2030, presenting significant growth opportunities for Curtiss-Wright [5]. Group 3: Opportunities for Other Defense Companies - Northrop Grumman (NOC) is expected to benefit from military communication spending with its Enhanced Polar System, which provides tactical communications in polar regions [7]. - General Dynamics Corporation (GD) offers the Digital Modular Radio, a software-defined radio adopted by the U.S. military, indicating its adaptability in tactical communication [9]. - BAE Systems (BAESY) provides the Network Tactical Common Data Link, facilitating real-time intelligence exchange, and is projected to see substantial sales growth [10][11]. Group 4: CW Stock Performance - Over the past year, Curtiss-Wright's shares have increased by 29.7%, outperforming the industry growth of 24.3% [12].

Shares of Curtiss-Wright Corporation (CW) lost 5.5% to reach $323.20 on Feb. 14, following the release of its fourth-quarter 2024 results.The company reported adjusted earnings per share (EPS) of $3.27, which beat the Zacks Consensus Estimate of $3.08 by 6.2%. The bottom line also improved 3.5% from the year-ago quarter’s level of $3.16 per share.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company reported GAAP earnings of $3.09 per share, down 0.6% from the prior-year period’ ...

Q4 2024 EARNINGS CONFERENCE CALL February 13, 2025 ▪ Sales of $824M, up 5% ▪ Operating Income of $163M; Strong Operating Margin of 19.8% ▪ Diluted EPS of $3.27, up 3% ▪ Strong FCF of $278M; 223% conversion ▪ New Orders of $939M, up 37% – ~1.1x Book-to-Bill SAFE HARBOR STATEMENT Please note that the information provided in this presentation is accurate as of the date of the original presentation. The presentation will remain posted on this website from one to twelve months following the initial presentation, ...

Curtiss-Wright Corporation (NYSE:CW) Q4 2024 Earnings Conference Call February 13, 2025 11:00 AM ET Company Participants Jim Ryan - Vice President, Investor Relations Lynn Bamford - Chair and CEO Chris Farkas - Vice President and CFO Conference Call Participants Nathan Jones - Stifel Mike Ciarmoli - Truist Securities Myles Walton - Wolfe Research Jason Gursky - Citigroup Peter Arment - Baird Pete Skibitski - Alembic Global Bryce Sandberg - William Blair Operator Welcome to the Curtiss-Wright Fourth Quarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 1-134 CURTISS-WRIGHT CORPORATION (Exact name of Registrant as specified in its charter) Delaware 13-0612970 (State or other jurisdic ...

Curtiss-Wright Corporation, 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. Full-Year 2024 High ...