Curtiss-Wright Corporation: Initiation Of Coverage – These Are The 4 Biggest Challenges That Lie Ahead! 

Curtiss-Wright Corporation reported robust financial results for the second quarter of 2024, showcasing substantial growth in sales and earnings per share (EPS), bolstered by strong performances in Defense Electronics and Naval & Power segments. The company’s sales rose by 11% year-over-year to $785 million, outperforming expectations primarily due to significant contributions from the Aerospace and Defense markets. Notably, the operating income increased by 16% year-over-year, leading to a 60 basis-point expansion in operating margins. This was further accentuated by a 24% increase in diluted EPS to $2.67. Moreover, free cash flow remained strong at $100 million, reflecting a nearly 100% conversion rate.