Curtiss-Wright Corporation has delivered a share price return exceeding 500% over the past five years, placing it among the eight aerospace and defense stocks with the largest five-year gains. Wall Street holds a Moderate Buy rating on the stock with an average upside potential of 7% as of the June 29 close, and William Blair analyst Louie DiPalma reiterated a Buy rating on June 4. The company recently secured a new credit agreement that increases its revolving credit facility to $1 billion and expands the accordion feature to $500 million, maturing in May 2031 for general corporate purposes including acquisitions. First-quarter sales rose 13% year-over-year to $914 million, operating income grew 23% to $160 million with a 17.5% margin, and diluted earnings per share improved to $3.46 from $2.68, while new orders climbed 16% to $1.2 billion and backlog reached $4.3 billion, prompting management to raise full-year guidance.
Curtiss-Wright CorporationStrong financial results (13% sales growth, 23% operating income growth, raised guidance) and new $1B credit facility for acquisitions.