Curtiss-Wright: Strong Growth, But Valuation Is A Downside Risk
CW reported Q2 2024 earnings, sales up 11.4% YoY. Defense sector demand boosts CW's growth, significant NATO spending increases expected. Adjusted EPS grew 24% YoY, exceeding analyst expectations. CW raised its full-year 2024 guidance for revenue and EPS growth. NATO member nations increasing defense spending presents long-term opportunities for CW.
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