Curtiss-wright Corporation · NYSE:CW

Curtiss-wright — Q3 2026 Earnings Presentation

26 slides from Curtiss-wright's earnings presentation, Aug 6, 2026

  1. Slide 1: Investor Briefing Third Quarter 2026

    Investor Briefing Investor Relations contact: Jim Ryan, VP Investor Relations Third Quarter 2026 T: 704-869-4621 jim.ryan@curtisswright.com curtisswright.com/investor-relations/ NYSE: CW 1 | August 6, 2026 | Proprietary | © 2025 Curtiss-Wright

  2. 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

  3. Slide 3: Curtiss-Wright At A Glance

    Curtiss-Wright At A Glance Leading Provider of Highly Engineered & Mission Critical Technologies in Aerospace & Defense, Commercial Nuclear Power, Process & Industrial Markets Broad & Integrated Portfolio Global Footprint2 2026E Sales by End Market1 Sales by Geography AEROSPACE COMMERCIAL & DEFENSE

  4. Slide 4: Why We Win | Innovation and Collaboration Across the Portfolio

    Why We Win | Innovation and Collaboration Across the Portfolio Strong Domain Expertise Managing and designing to meet customer needs and reduce risks Decades of Knowledge Transfer Since inception in major markets Long-standing Customer Relationships Deeply embedded in workflows Highly Engaged Cultur

  5. Slide 5: "Pivot To Growth" Strategy Drives Value Creation

    “Pivot To Growth” Strategy Drives Value Creation ~$4.5B Backlog1 Commercial and Incremental Investments Strengthened Pipeline Fueled Operational Excellence Aligned with Fastest Growth by Higher Growth and Higher Drive Margin Expansion Vectors (R&D, Talent, Systems) Margin Opportunities VALUE CREATIO

  6. Slide 6: Industry Leading Margins with Commercial and Operational Excellence at Our Core

    Industry Leading Margins with Commercial and Operational Excellence at Our Core • Experienced leadership team with proven track record • Culture of collaborative innovation and idea generation • Operational Growth Platform ensures continuous focus • Company-wide strategic pricing, cost containment a

  7. Slide 7: Focused Investments to Accelerate Organic Growth

    Focused Investments to Accelerate Organic Growth Building out our operational growth Fueling Competitive Advantage through Innovation, Research and Development platform for long term success  Targeting the fastest growth vectors within our end markets Innovation and R&D  Collaborative Innovation p

  8. Slide 8: Proactively Capturing Key Secular Growth Trends

    Proactively Capturing Key Secular Growth Trends Naval Shipbuilding Battlefield Technology Commercial Aerospace Commercial Nuclear Remains a top priority in High-tech advancements driving Prolonged industry supercycle Strong global support for U.S. Defense budgets larger spending within global with o

  9. Slide 9: Proven Ability to Leverage Growth in Global Defense Spending

    DEFENSE MARKETS Proven Ability to Leverage Growth in Global Defense Spending STRONG & DEFENSIBLE ALIGNED WITH Ground MARKET POSITION LEADING GROWTH DRIVERS Defense LT Visibility Across Key Platforms Ford-class Aircraft Carrier, • U.S. DoD Priorities Naval Shipbuilding (Columbia Platform ~57% 2026E S

  10. Slide 10: Opportunities for Growth Beyond Strong OEM Foundation

    C O M M E R C I A L A E R O S PA C E M A R K E T Opportunities for Growth Beyond Strong OEM Foundation Commercial Aerospace BROAD & RELEVANT ALIGNED WITH PRODUCT PORTFOLIO LEADING GROWTH DRIVERS Strong Presence on Majority of  Continued Acceleration in Narrowbody and Widebody ~13% Commercial Aircra

  11. Slide 11: Renewing the Core & Aligning to Next-Gen Technologies

    POWER & PROCESS MARKET Renewing the Core & Aligning to Next-Gen Technologies Power STRONG & RELEVANT ALIGNED WITH & Process PRODUCT PORTFOLIO LEADING GROWTH DRIVERS • Strong global support for reliable Enhancing Power Plant Efficiency And Reliability clean energy, carbon reduction and energy indepen

  12. Slide 12: Technologies That Advance Customer Efficiency, Safety and Reduced Emissions

    GENERAL INDUSTRIAL MARKET Technologies That Advance Customer Efficiency, Safety and Reduced Emissions WELL-ESTABLISHED ALIGNED WITH MARKET POSITIONS LEADING GROWTH DRIVERS Broad Portfolio Of Highly- • Advancing Green Technologies ~11% General Industrial engineered Products & Services Push for Zero /

  13. Slide 13: The Power of One Curtiss-Wright

    The Power of One Curtiss-Wright Positioned to Leverage Cross-Over Technologies to Accelerate Growth across the Portfolio CROSS-OVER TECHNOLOGY EXAMPLES Defense technologies have long been leveraged for commercial solutions DEFENSE COMMERCIAL Industrial Developed Flight Data & Cockpit TECHNOLOGIES SO

  14. Slide 14: Focused Investments to Drive Strong Financial Performance

    Focused Investments to Drive Strong Financial Performance Research & Development Sales & Marketing Systems & Capacity Acquisitions Balancing Investments One Curtiss-Wright Flexibility to Invest in Strategic Fit Supporting for Short-, Medium-, and Market Approach Future Capacity Needs Long-Term Profi

  15. Slide 15: Successful M&A Track Record

    Successful M&A Track Record ESCO Arresting Systems Business I&C Solutions Acquisition Close June 2022 November 2022 April 2024 December 2024 Purchase Price $240M $35M $34M $200M Unique, High-Value IP     Market, Customer, Product Alignment     STRATEGIC FILTERS Operations and Supply Chain Al

  16. Slide 16: Long-term Revenue Growth Assumptions (2024 – 2026)

    Long-term Revenue Growth Assumptions (2024 – 2026) Aerospace Ground Naval Commercial Power General Defense Defense Defense Aerospace & Process Industrial MSD HSD MSD HSD Nuclear: LDD LSD Process: MSD Key Drivers Enabling Market Outperformance • MOSA • Tactical Comms • Columbia • Record backlog Nucle

  17. Slide 17: Commercial Nuclear - AP1000 Opportunity Today

    Commercial Nuclear - AP1000 Opportunity Today The Art of the Possible Potential AP1000 Opportunity: • Europe1: 12+ reactors 48+ RCPs (4 / plant) = $1.5B+ • U.S.2: Incremental opportunity to support 20+ new large U.S. reactors • CW Content: $150-160M per reactor (order expected in 2026) • RCP content

  18. Slide 18: Disciplined Capital Allocation Framework

    Disciplined Capital Allocation Framework Cumulative Capital Deployment Capital Allocation Priorities (2021 – 2025) Acquisitions #1 priority (Supplement core with critical adjacent technologies) Operational Acquisitions Investments $0.5B Strong track record of returning capital to shareholders $0.7

  19. Slide 19: Exceeding Financial Targets

    Exceeding Financial Targets 3-YEAR TARGETS1 >5% Operating Income Top Quartile >10% >105% (2024 – 2026) Organic Revenue Growth > Revenue Margin EPS CAGR FCF Conversion CAGR Growth Performance PROGRESS2  ~9% Org.  13%+ Op. Income  ~19% Op. Margin  17%+ EPS  110% Avg. FCF (2024 – 2026E) (~10% Tota

  20. Slide 20: Why Invest With Us

    Why Invest With Us 1 Building momentum as we execute our Pivot to Growth strategy Advancing key enablers with the right talent, 2 systems, and infrastructure to support organic growth Investing in and delivering advanced technologies 3 in attractive end markets Driving strong financial performance t

  21. Slide 21: Appendix

    Appendix 21 | Proprietary | © 2026 Curtiss-Wright

  22. Slide 22: 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 tra

  23. Slide 23: 2026E End Market Sales Waterfall (as of August 5, 2026)

    FY’26 Guidance: 2026E END MARKET SALES WATERFALL (as of August 5, 2026) Overall UP 8 - 9% A&D Markets UP 7 - 9% Comm’l Markets UP 8 - 10% Total 2026 CW End Markets $3.768 - 3.813B Aerospace & Defense Markets Commercial Markets 70% $2.65B 30% $1.14B Naval Commercial Aerospace Power & Process General

  24. Slide 24: 2026 End Market Sales Growth Guidance (As of August 5, 2026)

    2026 END MARKET SALES GROWTH GUIDANCE (As of August 5, 2026) Updated (in blue) 2026E Growth 2026E Growth vs 2025 vs 2025 2026E ($ in Millions) (Prior) (Current) % Sales Key Drivers of 2026 Performance ▪ Strong alignment to DoW priorities including aircraft modernization, next-gen platforms and Golde

  25. Slide 25: 2026 Financial Guidance (As of August 5, 2026)

    2026 FINANCIAL GUIDANCE (As of August 5, 2026) Updated (in blue) 2026E 2026E Change vs 2025 ($ in Millions) (Prior) (Current) Adjusted Key Drivers of 2026 Performance ▪ Strong growth in Commercial Aerospace and increased actuation sales in Aerospace and Ground Defense Aerospace & Industrial $1,040 -

  26. Slide 26: 2026 Financial Guidance (As of August 5, 2026)

    2026 FINANCIAL GUIDANCE (As of August 5, 2026) Updated (in blue) Change 2026E 2026E vs 2025 ($ in Millions, except EPS) (Prior) (Current) Adjusted Key Drivers of 2026 Performance Total Sales $3,740 - $3,795 $3,768 - $3,813 8 - 9% Accelerating the pace of growth in Revenue and Operating Income; Total

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