Curtiss-Wright Corporation (CW): Among Aerospace and Defense Stocks with the Largest 5Y Share Price Returns

Wall Street has a Moderate Buy standing connected the banal with an mean stock terms upside imaginable of 7%, arsenic of the adjacent connected June 29. Recent updates see William Blair expert Louie DiPalma, who reiterated the firm's Buy standing connected the banal connected June 4, according to a study connected TipRanks.

Last month, Curtiss-Wright Corporation (NYSE:CW) said it had reached a caller recognition statement with a radical of banks, which has lifted the size of its revolving recognition installation to $1 billion. This has besides expanded the accordion diagnostic to $500 million.

The caller installation volition mature successful May 2031. The institution intends to usage the funds for wide firm purposes, including imaginable aboriginal acquisitions and interior maturation initiatives.

In different news, the institution reported income of $914 cardinal for the archetypal quarter, expanding 13% year-over-year. Operating income grew 23% to $160 million, portion operating borderline stood astatine 17.5%. Diluted EPS came successful astatine $3.46, improving from $2.68 successful the anterior year's period.

New orders totaled $1.2 billion, up 16% from the anterior year's period. Curtiss-Wright ended the 4th with a backlog of $4.3 billion, expanding 5% sequentially. Following the results, the absorption lifted its guidance for the fiscal twelvemonth crossed each large metrics.

Curtiss-Wright Corporation (NYSE:CW) is an integrated concern that provides engineered products, solutions, and services for the aerospace and defence markets.

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