Curtiss-Wright introduces three-year financial targets

For FY24-FY26, the company expects total organic revenue CAGR above 5%; operating Income Growth greater than revenue growth, implying continued operating margin expansion; top quartile margin performance; 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. “This is an exciting time for Curtiss-Wright as we leverage our strong track record of operational excellence and financial discipline, and continue to build momentum in our Pivot to Growth strategy,” said Lynn Bamford, chair and CEO of Curtiss-Wright Corporation. “Our technologies and portfolio of solutions are incredibly well-aligned with customer and industry needs and growth trends in all our core end markets. We expect to deliver incremental operating margin expansion and strong free cash flow generation, while making strategic investments in research and development to accelerate our long-term organic growth. Overall, we are confident in our ability to achieve our new 3-year financial targets and deliver significant long-term value for all of our stakeholders.”