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Stock impact report

Curtiss-Wright Completes Acquisition of WSC, Inc. [Yahoo! Finance]

Curtiss-Wright Corporation (CW) 
Last curtiss-wright corporation earnings: 2/26 05:37 pm Check Earnings Report
Company Research Source: Yahoo! Finance
DAVIDSON, N.C., April 02, 2024 BUSINESS WIRE )--Curtiss-Wright Corporation (NYSE: CW) today announced that it has completed the acquisition of WSC, Inc. for approximately $34 million in cash. WSC is a leading provider of state-of-the-art simulation technology that supports the design, commissioning, and reliable operation of commercial nuclear power generation and process plants worldwide with an installed base of over 225 plant simulators. WSC generated sales of approximately $15 million in 2023 and is expected to be accretive to Curtiss-Wright's adjusted diluted earnings per share in its first full year of ownership, excluding first year purchase accounting costs, and produce a strong free cash flow conversion rate in excess of 100%. The acquired business will operate within Curtiss-Wright's Naval & Power segment. "The acquisition of WSC increases the breadth of Curtiss-Wright's portfolio of advanced commercial nuclear technologies utilized in the modernization of existing powe Show less Read more
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