Curtiss-wright Corporation · NYSE:CW

Curtiss-wright — Q1 2026 Earnings Presentation

25 slides from Curtiss-wright's earnings presentation, Feb 24, 2026

  1. Slide 1: Investor Briefing First Quarter 2026

    Investor Briefing Investor Relations contact: Jim Ryan, VP Investor Relations First Quarter 2026 T: 704-869-4621 jim.ryan@curtisswright.com curtisswright.com/investor-relations/ NYSE: CW 1 | February 24, 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 & ~9,100 >$3.7B Mission Critical Technologies in Aerospace & Defense, Commercial Nuclear Power, Employees Revenue1 Process & Industrial Markets Broad & Integrated Portfolio Global Footprint 2026E Sales by End Market1 2025 Sales by Geog

  4. Slide 4: Why We Win | Key Differentiators

    Why We Win | Key Differentiators Strong Domain Expertise Highly Engaged Culture Managing and designing to meet customer needs and reduce risks Dedicated to integrity, excellence, and innovation Decades of Knowledge Transfer Global Footprint Since inception in major markets Engineering, sales, suppor

  5. Slide 5: Remarkable Journey with Commercial and Operational Excellence at Our Core

    Remarkable Journey…with Commercial and Operational Excellence at Our Core • Experienced leadership team with proven track record • Highly engaged culture with a strong financial acumen • Operational Growth Platform ensures continuous focus • Company-wide strategic pricing, cost containment and execu

  6. Slide 6: "Pivot To Growth" Strategy Drives Value Creation

    “Pivot To Growth” Strategy Drives Value Creation ~$4.1B Backlog1 Commercial and Incremental Investments Higher Growth, Higher Operational Excellence to Support Fastest Growth Margin Opportunities Drive Drive Margin Expansion Vectors (R&D, Talent, Systems) Strengthened Pipeline VALUE CREATION Discipl

  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 Carbon-free Energy & Electrification Accelerating over the next High-tech advancements Energy Independence Across a broad range of air, decade and beyond driving larger spending within Requires nuclear innovati

  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 ~ 57% Columbia-class, Virginia-class and Naval Shi

  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 Flight Data & Cockpit SOLUTIONS Industrial Electrification

  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: 3-year Financial Targets (2024 – 2026)

    3-year Financial Targets (2024 – 2026) >5% Operating Income Top Quartile >10% >105% Organic Revenue Growth > Revenue Margin Performance EPS CAGR FCF Conversion CAGR Growth Accelerating the Pace of Core Organic Growth; AP1000 Excluded from Targets and Provides Incremental Upside 16 | Proprietary | ©

  17. Slide 17: 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

  18. Slide 18: Beyond the Next Three Years: The Art of the Possible

    Beyond the Next Three Years The Art of the Possible Known AP1000 Opportunity Today: • 12+ plants 48+ RCPs (4 / plant) = $1.5B+ in Europe1 (order expected in 2026) • Each plant $110M+ (RCPs) over 5-year production cycle • Non-RCP content: min. $10-20M / plant (pursuing 2-3x add’l content) • Increment

  19. Slide 19: Why Invest With Us

    Why Invest With Us 1 Building momentum as we execute our Pivot to Growth strategy 2 Advancing key enablers with the right talent, systems, and infrastructure to support organic growth 3 Investing in and delivering advanced technologies in attractive end markets 4 Driving strong financial performance

  20. Slide 20: Appendix

    Appendix 20 | Proprietary | © 2026 Curtiss-Wright

  21. Slide 21: 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

  22. Slide 22: 2026E End Market Sales Waterfall

    FY’26 Guidance: 2026E END MARKET SALES WATERFALL (as of February 11, 2026) Overall UP 6 - 8% A&D Markets UP 5 - 7% Comm’l Markets UP 7 - 9% Total 2026 CW End Markets $3.710 - 3.765B Aerospace & Defense Markets Commercial Markets 70% $2.60B 30% $1.13B Naval Commercial Aerospace Power & Process Genera

  23. Slide 23: 2026 End Market Sales Growth Guidance

    2026 END MARKET SALES GROWTH GUIDANCE (As of February 11, 2026) 2025 2026E Growth 2026E ($ in Millions) Sales vs 2025 % Sales Key Drivers of 2026 Performance ▪ Alignment to FY26 DoW priorities including aircraft modernization, Golden Dome, etc. Aerospace Defense $673 9 - 11% 20% ▪ Strong defense ele

  24. Slide 24: 2026 Financial Guidance

    2026 FINANCIAL GUIDANCE (As of February 11, 2026) 2025 2026E Change vs ($ in Millions) Adjusted Adjusted 2025 Adjusted Key Drivers of 2026 Performance ▪ Strong growth in Commercial Aerospace and higher EM actuation sales in Defense markets Aerospace & Industrial $977 $1,030 - $1,045 5 - 7% ▪ General

  25. Slide 25: 2026 Financial Guidance

    2026 FINANCIAL GUIDANCE (As of February 11, 2026) Change 2025 2026E vs 2025 ($ in Millions, except EPS) Adjusted Adjusted Adjusted Key Drivers of 2026 Performance Total Sales $3,498 $3,710 - $3,765 6 - 8% Strategically focused on generating profitable growth Total Operating Income $651 $703 - $722 8

Curtiss-Wright — Q1 2026 Earnings Presentation on 6ix