Slide 1: Q3 2024 Earnings Conference Call
Q3 2024 EARNINGS CONFERENCE CALL Conference Call Dial-in numbers: October 31, 2024 (800) 225-9448 (domestic) (203) 518-9708 (international) Conference code: CWQ324 Q3 2024 Earnings Presentation
Slide 2: Safe Harbor Statement
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 n
Slide 3: Curtiss-Wright Delivered Strong Q3 Results and Increased FY2024 Outlook
CURTISS-WRIGHT DELIVERED STRONG Q3 RESULTS AND INCREASED FY2024 OUTLOOK Third Quarter 2024 Highlights Full-Year 2024 Guidance Updates ▪ Sales of $799M, up 10% ▪ Sales growth increased to 7% - 9% ▪ Operating Income of $149M, up 11% – Strong YTD performance and record backlog in excess of $3.3B ▪ Oper
Slide 4: Third Quarter 2024 Financial Review
THIRD QUARTER 2024 FINANCIAL REVIEW Q3’24 Q3’23 ($ in millions) Adjusted Adjusted Change Key Drivers ▪ Strong growth in Commercial Aerospace (narrowbody and widebody OEM platforms) and higher YOY sales in Aerospace & Industrial $229 $220 4% defense markets; Partially offset by decline in General Ind
Slide 5: 2024 End Market Sales Growth Guidance
2024 END MARKET SALES GROWTH GUIDANCE (As of October 30, 2024) Updated (in blue) 2024E Growth 2024E Growth ($ in Millions) vs 2023 vs 2023 2024E (Prior) (Current) % Sales Key Drivers of 2024 Performance ▪ Higher defense electronics revenue growth on various C5/ISR programs (helicopters and Aerospace
Slide 6: 2024 Financial Guidance by Segment
2024 FINANCIAL GUIDANCE (As of October 30, 2024) Updated (in blue) 2024E 2024E Change vs ($ in millions) (Prior) (Current) 2023 Adjusted Key Drivers of 2024 Performance ▪ Strong mid-teens growth in Commercial Aerospace and higher sales in Aerospace and Naval Aerospace & Industrial $925 - 940 $925 -
Slide 7: 2024 Financial Guidance
2024 FINANCIAL GUIDANCE (As of October 30, 2024) Updated (in blue) Change 2024E 2024E vs 2023 ($ in millions, except EPS) (Prior) (Current) Adjusted Key Drivers of 2024 Performance Total Sales $3,010 - 3,060 $3,050 - 3,095 7% - 9% Continued focus on generating profitable growth Total Operating Incom
Slide 8: Building Momentum as We Drive Long-Term Profitable Growth
BUILDING MOMENTUM AS WE DRIVE LONG-TERM PROFITABLE GROWTH ▪ Remain on track to deliver strong performance in 2024 – Sales growth of 7% - 9% (mainly organic) reflects strong growth in A&D and Commercial Nuclear markets – Expecting EPS growth of 12% - 15% while supporting incremental growth investment
Slide 9: Appendix
Appendix Q3 2024 Earnings Presentation 9
Slide 10: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION The Corporation supplements its financial information determined under U.S. generally accepted accounting principles (GAAP) with certain non-GAAP financial information. Curtiss-Wright believes that these Adjusted (non-GAAP) measures provide investors with improved tran
Slide 11: Third Quarter 2024: End Market Sales Growth
THIRD QUARTER 2024: END MARKET SALES GROWTH ($ in millions) Key Drivers Q3’24 Q3’23 Change Strong demand for embedded computing equipment mainly driven by U.S. and international Aerospace Defense $159 $148 7% helicopter programs Ground Defense $93 $83 12% Higher tactical communications equipment rev
Slide 12: 2024E End Market Sales Waterfall
FY’24 Guidance: 2024E END MARKET SALES WATERFALL (as of October 30, 2024) Overall UP 7 - 9% A&D Markets UP 10 - 12% Comm’l Markets UP 1 - 3% Total 2024 CW End Markets $3.050B - 3.095B Aerospace & Defense Markets Commercial Markets 69% $2.12B 31% $0.96B Naval Commercial Aerospace Power & Process Gene