Curtiss-Wright Reports Second Quarter 2025 Financial Results and Raises Full-Year 2025 Guidance

About this update from Curtiss-wright Corporation

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12% from December 31, 2024, reflecting strong demand across the A&D and Commercial markets.","length":123,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":358,"olType":false},{"type":"text","content":" Share Repurchase and Dividends ","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"During the second quarter, the Company repurchased 59,501 shares of its common stock for approximately $21 million; and","length":119,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The Company declared a quarterly dividend of $0.24 a share, representing a $0.03 or 14% increase from the previous quarter.","length":123,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":242,"olType":false},{"type":"text","content":" Full-Year 2025 Guidance ","length":23,"tagName":"p"},{"type":"text","content":"The Company is updating its full-year 2025 Adjusted financial guidance (1) as follows:","length":85,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-top:solid black 1.0pt;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;white-space:nowrap;width:19%;padding-left:5.0px;","val":[{"type":"text","content":"($ in millions, except EPS)","length":27,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-top:solid black 1.0pt;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;padding-left:0.0px;white-space:nowrap;width:28%;","val":[{"type":"text","content":" 2025 Adjusted Non-GAAP Guidance (Prior) ","length":39,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-top:solid black 1.0pt;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;padding-left:0.0px;white-space:nowrap;width:29%;","val":[{"type":"text","content":" 2025 Adjusted Non-GAAP Guidance (Current) ","length":41,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-top:solid black 1.0pt;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;padding-left:0.0px;white-space:nowrap;width:24%;","val":[{"type":"text","content":" Change vs 2024 Adjusted (Current) ","length":33,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;width:19%;padding-left:5.0px;","val":[{"type":"text","content":"Total Sales","length":11,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;padding-left:0.0px;width:28%;","val":[{"type":"text","content":"$3,365 - $3,415","length":15,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 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$632","length":11,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;padding-left:0.0px;width:29%;","val":[{"type":"text","content":"$626 - $642","length":11,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;padding-left:0.0px;padding-right:0.0px;padding-bottom:4.0px;text-align:center;list-style-position:inside;width:24%;","val":[{"type":"text","content":"15 - 18%","length":8,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;width:19%;padding-left:5.0px;","val":[{"type":"text","content":"Operating Margin","length":16,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;padding-left:0.0px;width:28%;","val":[{"type":"text","content":"18.3% - 18.5%","length":13,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;padding-left:0.0px;width:29%;","val":[{"type":"text","content":"18.5% - 18.7%","length":13,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;padding-left:0.0px;text-align:center;list-style-position:inside;width:24%;","val":[{"type":"text","content":"100 - 120 bps","length":13,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;width:19%;padding-left:5.0px;","val":[{"type":"text","content":"Diluted 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1.0pt;border-left:solid black 1.0pt;width:19%;padding-left:5.0px;","val":[{"type":"text","content":"Free Cash Flow (2) ","length":17,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;padding-left:0.0px;width:28%;","val":[{"type":"text","content":"$495 - $515","length":11,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;padding-left:0.0px;width:29%;","val":[{"type":"text","content":"$520 - $535","length":11,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;padding-left:0.0px;padding-right:0.0px;padding-bottom:4.0px;text-align:center;list-style-position:inside;width:24%;","val":[{"type":"text","content":"8 - 11%","length":7,"tagName":"p","attribs":{}}]}]}],"length":384},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","val":[]},{"colspan":"1","rowspan":"1","val":[]},{"colspan":"1","rowspan":"1","style":"text-align:left;vertical-align:top;width:1%;","val":[{"type":"text","content":" (1) ","length":3,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:top;padding-left:0.0px;width:99%;","val":[{"type":"text","content":" Reconciliations of Reported to Adjusted 2024 operating results and 2025 financial guidance are available in the Appendix and exclude first-year purchase accounting costs associated with prior-year acquisitions and costs associated with the Company's 2024 Restructuring Program. ","length":281,"tagName":"p"}]}]},{"val":[{"colspan":"1","rowspan":"1","val":[]},{"colspan":"1","rowspan":"1","val":[]},{"colspan":"1","rowspan":"1","style":"text-align:left;vertical-align:top;width:1%;","val":[{"type":"text","content":" (2) ","length":3,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:top;padding-left:0.0px;width:99%;","val":[{"type":"text","content":" 2025 Free Cash Flow guidance includes higher capital expenditures supporting growth and efficiency (reflecting a $14 to $24 million year-over-year increase compared with 2024 results), the timing of prior year record customer advances and a $15 million current year increase due to a reduction in tax payments driven by the recent signing of the H.R. 1 - "One Big Beautiful Bill Act." ","length":394,"tagName":"p"}]}]}],"length":681},{"type":"text","content":"**********","length":10,"tagName":"p","attribs":{}},{"type":"text","content":"A more detailed breakdown of the Company’s 2025 financial guidance by segment and by market, as well as all reconciliations of Reported GAAP amounts to Adjusted non-GAAP amounts, can be found in the accompanying schedules. Historical financial results are available in the Investor Relations section of Curtiss-Wright’s website.","length":328,"tagName":"p"},{"type":"text","content":" Conference Call & Webcast Information ","length":41,"tagName":"p"},{"type":"text","content":"The Company will host a conference call to discuss its second quarter 2025 financial results and updates to 2025 guidance at 10:00 a.m. ET on Thursday, August 7, 2025. A live webcast of the call and the accompanying financial presentation, as well as a webcast replay of the call, will be made available on the internet by visiting the Investor Relations section of the Company’s website at www.curtisswright.com .","length":413,"tagName":"p"},{"type":"text","content":"(Tables to Follow)","length":18,"tagName":"p","attribs":{}},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"16","rowspan":"1","style":"padding-left:0.0px;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"16","rowspan":"1","style":"vertical-align:bottom;padding-left:0.0px;","val":[{"type":"text","content":" CURTISS-WRIGHT CORPORATION and SUBSIDIARIES ","length":43,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"16","rowspan":"1","style":"vertical-align:bottom;padding-left:0.0px;","val":[{"type":"text","content":" CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) ","length":57,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"16","rowspan":"1","style":"vertical-align:bottom;padding-left:0.0px;","val":[{"type":"text","content":"($'s in thousands, except per share data)","length":45,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;padding-left:0.0px;width:38%;","val":[{"type":"text","content":" ","len...

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