Investor Presentation 2023
STRONG FOUNDATION OF
FINANCIAL & OPERATIONAL EXCELLENCE
$2,318
ADJ. NET SALES ($M)
$2,379
+4% CAGR
$2,300
$2,468
ADJ. OPERATING MARGIN
+160 bps
17.0%
17.3%
17.4-17.6%
$2,765 - $2,815
0.18
$2,557
0.17
16.4%
16.3%
15.9%
0.16
0.15
0.14
2019
2020 2021
2022 2023E*
2018
2019 2020 2021 2022 2023E*
mill mill
2018
ADJ. DILUTED EPS
ADJ. FREE CASH FLOW ($M)
$394
+8% CAGR
$371
$9.00-$9.20
$347
$8.13
$333
$7.34
$6.89
$6.59
$296
$6.13
119% Avg FCF Conversion
2018
2019
2020
2021 2022
2023E*
$380-$400
2018
2019
2020 2021
2022
2023E*
2019-2022 Adjusted financials per Company 8-K filings; 2018 P&L excludes Boeing build-to-print business and Phonix divestiture;
Refer to Non-GAAP Financials Results disclaimer for definition of Adjusted Financials
2023 GUIDANCE HIGHLIGHTS
8%-10% Sales growth
-
Driven by increases in all end markets
8% 11% Operating Income growth
-
Continued Operating Margin expansion
-
Expect 10 - 30 bps increase to 17.4% - 17.6%
11% 13% EPS growth
-
29% 36% FCF growth
Growing order book and strong backlog
-
Provides visibility and confidence in long-term
outlook
Maintain line of sight to deliver on Investor
Day financial targets for 2023
CURTISS-
WRIGHT
Note: 2022 results included partial year sales contribution from engineered arresting systems acquisition.
Investor Presentation 2023 13View entire presentation