Curtiss-Wright Reaffirms FY24 Financial Guidance And Provides Its Initial Long-term Outlook Through 2026

Introducing 3-Year Financial Targets (2024 - 2026):

• Total Organic Revenue CAGR above 5%;
• Operating Income Growth > Revenue Growth, implying continued operating margin expansion;
• Top Quartile Margin Performance (relative to CW's proxy peer group);
• EPS CAGR above 10%;
• Free Cash Flow Conversion above 105%, based on more normalized capital expenditures; and
• Targets reflect base year of 2023, and do not include an AP1000 order in this timeframe.