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].

Core Viewpoint - Curtiss-Wright Corporation reported mixed financial results for the fourth quarter of 2024, with adjusted EPS beating estimates but a decline in GAAP earnings, leading to a 5.5% drop in share price on February 14, 2024 [1][2]. Financial Performance - Adjusted EPS for Q4 2024 was $3.27, exceeding the Zacks Consensus Estimate of $3.08 by 6.2% and improving 3.5% from $3.16 in the same quarter last year [1][2]. - GAAP EPS was reported at $3.09, down 0.6% from $3.11 in the prior year [2]. - Total net sales for Q4 2024 reached $824.3 million, a 4.9% increase year over year, surpassing the Zacks Consensus Estimate of $785 million [3]. - For the full year 2024, revenues were $3.12 billion, up from $2.85 billion in 2023 [3]. Operational Metrics - Adjusted operating income for Q4 was $163 million, consistent with the prior year, but the adjusted operating margin contracted by 100 basis points to 19.8% due to increased R&D investments [4]. - Total backlog at the end of Q4 was $3.4 billion, a 20% increase from the end of 2023, driven by demand in aerospace and defense markets [5]. Segment Performance - Aerospace & Industrial segment sales increased by 5% year over year to $250.9 million, supported by strong demand in commercial aerospace and defense markets [6]. - Adjusted operating income for this segment rose 22% to $54 million, with an adjusted operating margin expanding by 280 basis points to 21.3% [7]. - Defense Electronics segment sales declined by 5% to $227.5 million, primarily due to decreased sales in the Ground defense market [8]. - Adjusted operating income for Defense Electronics fell 20% to $55 million, with a margin contraction of 450 basis points to 24.3% [9]. - Naval & Power segment sales increased by 12% to $345.9 million, driven by demand for submarine programs and commercial nuclear aftermarket sales [10]. - Adjusted operating income for this segment rose 11% to $66 million, although the margin contracted by 20 basis points to 19.1% [11]. Financial Position - Cash and cash equivalents as of December 31, 2024, were $385 million, down from $406.9 million a year earlier [12]. - Long-term debt decreased to $0.96 billion from $1.05 billion as of December 31, 2023 [12]. - Net cash flow from operating activities was $544.3 million in 2024, compared to $448.1 million in the previous year [12]. - Adjusted free cash flow at the end of 2024 was $483.3 million, up from $413.4 million in the prior year [13]. 2025 Guidance - For 2025, Curtiss-Wright expects adjusted EPS in the range of $12.10-$12.40, with the Zacks Consensus Estimate at $11.92 [14]. - The company anticipates sales between $3.34 billion and $3.39 billion, with the consensus estimate at $3.35 billion [15]. - Expected free cash flow for 2025 is projected to be between $485 million and $505 million [15].

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, ...

Financial Data and Key Metrics Changes - Sales increased by 5% year-over-year in Q4 2024, driven by strong performance in Defense Electronics and Naval & Power segments [10] - Operating income was flat, with an operating margin of 19.8% [11] - Diluted earnings per share rose by 3% year-over-year, reaching $10.90, a 16% increase for the full year [11][14] - Free cash flow was strong at $278 million, reflecting a 223% conversion rate [12] - The order book grew by 37% year-over-year, with a book-to-bill ratio of 1.1 times [12] Business Line Data and Key Metrics Changes - Aerospace & Industrial segment sales increased by 5%, with a record operating margin of 21.3% [24][26] - Defense Electronics segment saw a slight decline in revenue but maintained a solid operating margin of 24.3% [28] - Naval & Power segment sales grew by 12%, driven by higher revenues from key naval defense platforms [29] Market Data and Key Metrics Changes - The total backlog increased by 20% year-over-year, reaching over $3.4 billion [15] - Demand in the Naval & Power segment was particularly strong, benefiting from U.S. Navy contracts [15][29] Company Strategy and Development Direction - The company is focused on operational excellence and plans to continue investing in R&D to drive organic growth [22][53] - The acquisition of Ultra Energy is expected to enhance the company's position in the commercial nuclear market and support growth in small modular reactors [17][58] - The company aims for mid-single-digit organic sales growth in 2025, with total growth projected at 7% to 8% including acquisitions [20][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving high single-digit total sales growth in 2025, despite ongoing political and macroeconomic uncertainties [51] - The company anticipates reaching an 18% operating margin at the midpoint of its guidance for 2025 [52] - Management remains optimistic about the growth potential in the commercial nuclear sector, projecting significant increases in revenue over the next decade [58] Other Important Information - The company repurchased $250 million in stock in 2024 and increased its dividend for the eighth consecutive year [19] - The 2025 diluted EPS is expected to range from $12.10 to $12.40, reflecting strong profitable growth [47] Q&A Session Summary Question: Can you provide more details on the Ultra Energy acquisition and its strategic value? - Management highlighted the acquisition's potential to enhance relationships with European suppliers and expand product offerings in the nuclear market [68][72] Question: What improvements are expected in foreign military sales with increased European defense spending? - Management noted strong demand in Ground Defense and partnerships with leading manufacturers, anticipating continued growth in foreign military sales [80][82] Question: What are the expectations for revenue dynamics in 2025? - Management indicated a solid backlog and ongoing capacity management, expecting growth in various defense markets despite some challenges [90][91] Question: How is the company preparing for potential tariff impacts? - Management emphasized their agility in managing past disruptions and ongoing efforts to mitigate potential tariff impacts [96][98] Question: What is the timeline for reactor coolant pump orders? - Management expects initial orders by the end of 2026, with ongoing monitoring of the market pipeline [101][102]

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 ...

Curtiss-Wright (CW) reported $824.31 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 4.9%. EPS of $3.27 for the same period compares to $3.16 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $785.49 million, representing a surprise of +4.94%. The company delivered an EPS surprise of +6.17%, with the consensus EPS estimate being $3.08.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

Curtiss-Wright (CW) came out with quarterly earnings of $3.27 per share, beating the Zacks Consensus Estimate of $3.08 per share. This compares to earnings of $3.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.17%. A quarter ago, it was expected that this engineering firm would post earnings of $2.70 per share when it actually produced earnings of $2.97, delivering a surprise of 10%.Over the last four quarters, the compan ...

Core Insights - Analysts project that Curtiss-Wright (CW) will report quarterly earnings of $3.08 per share, reflecting a year-over-year decline of 2.5% [1] - Revenue is expected to be $785.49 million, indicating no change compared to the same quarter last year [1] Earnings Estimates - The consensus EPS estimate has been revised 0.1% lower in the last 30 days, indicating a reevaluation by analysts [2] - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock [3] Key Metrics Projections - Analysts forecast 'Adjusted Sales- Aerospace & Industrial' to reach $250.84 million, a year-over-year increase of 5.3% [4] - 'Adjusted Sales- Naval & Power' is estimated at $312.84 million, reflecting a year-over-year change of 1.6% [5] - 'Adjusted Sales- Defense Electronics' is projected at $221.20 million, indicating a decline of 7.7% from the prior-year quarter [5] Operating Income Estimates - 'Reported Operating Income- Aerospace & Industrial' is expected to be $46.39 million, up from $44.05 million year-over-year [6] - 'Reported Operating Income- Naval & Power' is projected at $61.15 million, compared to $56.85 million in the same quarter last year [6] - 'Reported Operating Income- Defense Electronics' is estimated at $58.82 million, down from $69.02 million in the same quarter last year [7] Stock Performance - Shares of Curtiss-Wright have shown a return of -0.5% over the past month, while the Zacks S&P 500 composite increased by 1.9% [8] - Curtiss-Wright holds a Zacks Rank 3 (Hold), suggesting it is expected to mirror overall market performance in the near future [8]