Curtiss-Wright Overview
 
NYSE: CW 116.98 -0.70 -0.59% Volume: 406,387 May 22, 2019

Welcome Investors
Curtiss-Wright is an innovative engineering company with approximately $2.5 billion in annual sales and approximately 9,000 employees worldwide. We provide high-tech, critical-function products, systems and services to the commercial, industrial, defense and power markets. While we’re proud of our legacy – “CW” began trading on the New York Stock Exchange (NYSE) in 1929 when Glenn Curtiss, the father of naval aviation, and the Wright brothers merged their businesses – we’re even more excited about our future, as we believe Curtiss-Wright is poised to achieve sustained, long-term organic growth, efficient operating margin expansion and solid free cash flow generation that will enable us to deliver superior shareholder returns.

Whether you are new to Curtiss-Wright or have been following us for years, we hope our website provides you all the information and tools you seek as an investor. If you need anything further, please contact us.


Three Reasons to Consider Curtiss-Wright:

1. SOLID GROWTH STRATEGY

We achieved critical mass over the past decade through solid organic growth and strategic acquisitions. Today we have a well-balanced and diversified end market structure serving three major segments - Commercial/Industrial, Defense and Power. Our top-line growth strategy focuses on a combination of organic revenue growth and acquisitions that meet our stringent strategic and financial objectives and investment return requirements. We seek to acquire advanced technology businesses that complement our existing portfolio, increase our content on existing programs or provide expansion in high-growth emerging markets or geographies. We will focus on protecting or expanding market share to ensure that we maintain appropriate mass and scale to realize the synergies and efficiencies necessary to achieve steady operating margin expansion.

2. OUR TECHNOLOGIES MATTER.

Continual adaptation to the changing needs of our customers and technological expertise are Curtiss-Wright’s core competencies. We provide highly engineered products and services for high-performance platforms and critical applications in key areas such as commercial aerospace and defense electronics, reactor coolant pumps for next-generation nuclear reactors and advanced surface treatment technologies. Our customers count on Curtiss-Wright technologies for increased safety, reliability and performance in the most demanding environments. Our goal is to be #1 or #2 in all our key end markets, to be the trusted “go to” company in solving the most difficult engineering problems within specific specialties or solutions.

3. We generate shareholder value.

Over the past five years, our company has steadily evolved under the One Curtiss-Wright vision into an integrated, market-facing business that is easier for our customers, employees, investors and other stakeholders to understand. We continue to leverage our critical mass and market leadership positions with our broad and highly diversified portfolio of products and services.

In 2013, we established a five-year goal to achieve top quartile performance compared with our peer group across a range of financial metrics, including: Operating Margin, Earnings per Share (EPS), Return on Invested Capital (ROIC), Working Capital as a percentage of Sales, Capital Expenditures as a percentage of Sales and Free Cash Flow Conversion.

Our ongoing pursuit of operational excellence with financial discipline has led us to successfully achieve and exceed each of those critical financial metrics, and also expand our market capitalization. In addition, we have been committed to a balanced capital allocation strategy consisting of a disciplined pace of acquisitions, reinvesting in our business, and providing steady distributions to our shareholders.

We are now moving forward with the next phase of our evolution, driven by a renewed focus on delivering top-line growth. We have issued the following long-term targets for the three-year period ending in 2021: 5 - 7% Total Sales CAGR; 17% Adjusted Operating Margin; 10% Adjusted diluted EPS CAGR (goal to deliver $8.50 in diluted EPS); and $1 Billion in cumulative Free Cash Flow (with 110% average free cash flow conversion).

Top quartile performance metrics, combined with a disciplined capital deployment strategy, will serve to improve the competitiveness of Curtiss-Wright over the long term and significantly expand value for our shareholders.

Investor Relations Contact

JIM RYAN

Sr. Director, Investor Relations
Curtiss-Wright Corporation
Phone: (704) 869-4600
investor@curtisswright.com

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