Q4 2023 REPORT

CURTISS-WRIGHT REPORTS FOURTH QUARTER AND FULL-YEAR 2023 FINANCIAL RESULTS; ISSUES FULL-YEAR 2024 GUIDANCE REFLECTING STRONG GROWTH IN SALES, EPS AND FREE CASH FLOW

Company Delivers Record FY23 Sales, Profitability, EPS, Free Cash Flow and Orders

DAVIDSON, N.C.--(BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) reports financial results for the fourth quarter and full-year ended December 31, 2023.

Fourth Quarter 2023 Highlights:

• Reported sales of $786 million, up 4%, operating income of $161 million, operating margin of 20.4%, and diluted earnings per share (EPS) of $3.11;
• Adjusted operating income of $163 million, up 2%;
• Adjusted operating margin of 20.8%;
• Adjusted diluted EPS of $3.16, up 8%; and
• Free cash flow (FCF) of $270 million, generating 221% Adjusted FCF conversion.

Full-Year 2023 Highlights:

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Q3 2023 REPORT

CURTISS-WRIGHT REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS AND RAISES FULL-YEAR 2023 GUIDANCE

DAVIDSON, N.C.--(BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) reports financial results for the third quarter ended September 30, 2023.

Third Quarter 2023 Highlights:

• Reported sales of $724 million, up 15%;
• Reported operating income of $133 million, operating margin of 18.3%, and diluted earnings per share (EPS) of $2.51;
• Adjusted operating income of $134 million, up 17%;
• Adjusted operating margin of 18.5%, up 30 basis points;
• Adjusted diluted EPS of $2.54, up 23%;
• New orders of $846 million, up 3%, reflecting solid Aerospace & Defense (A&D) and Commercial market demand, and book-to-bill of 1.2;
• Backlog of $2.9 billion, up 12% year-to-date; and
• Free cash flow (FCF) of $137 million, generating 140% Adjusted FCF conversion.
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Raised Full-Year 2023 Adjusted Financial Guidance:

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Q2 2023 REPORT

CURTISS-WRIGHT REPORTS SECOND QUARTER 2023 FINANCIAL RESULTS AND RAISES FULL-YEAR 2023 GUIDANCE

DAVIDSON, N.C.--(BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) reports financial results for the second quarter ended June 30, 2023.

Second Quarter 2023 Highlights:

• Reported sales of $704 million, up 16%;
• Reported operating income of $113 million, operating margin of 16.0%, and diluted earnings per share (EPS) of $2.10;
• Adjusted operating income of $115 million, up 18%;
• Adjusted operating margin of 16.4%, up 30 basis points;
• Adjusted diluted EPS of $2.15, up 18%;
• New orders of $842 million, up 8%, reflecting strong Aerospace & Defense (A&D) market demand, and book-to-bill of 1.2;
• Backlog of $2.8 billion, up 9% year-to-date; and
• Free cash flow (FCF) of $99 million, generating 119% Adjusted FCF conversion.
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Raised Full-Year 2023 Adjusted Financial Guidance:

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