Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in WWD over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. This text ...

A month has gone by since the last earnings report for Woodward (WWD) . Shares have added about 18.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Woodward due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It turns out, fres ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 000-08408 WOODWARD, INC. (Exact name of registrant as specified in its charter) 1081 Woodward Way, Fort Collins, Colorado 80524 (Ad ...

Core Insights - Woodward, Inc. (WWD) reported second-quarter fiscal 2025 adjusted net earnings per share (EPS) of $1.69, a 4.3% increase year over year, exceeding the Zacks Consensus Estimate by 17.4% [1] - Quarterly net sales rose 5.8% year over year to $883.6 million, surpassing the consensus estimate by 6.4% [1] - The company raised the lower end of its sales and earnings guidance, reflecting confidence in navigating tariffs and current market conditions [2] Financial Performance - Aerospace segment net sales reached $561.7 million, up 12.9% year over year, driven by strong defense demand and a robust commercial after-market [3] - Defense OEM sales increased 52% to $138 million, while commercial after-market sales grew 23% [4] - Industrial segment net sales totaled $321.9 million, down 4.7% year over year, with transportation sales declining 18% due to a drop in China on-highway sales [5][6] Earnings and Margins - Segmental earnings for Aerospace were $125 million, up from $98 million a year ago, primarily driven by price realization and higher volumes [4] - Industrial segment earnings declined to $46 million from $65 million in the year-ago quarter, affected by lower China on-highway volume [7] - Gross margin decreased by 90 basis points year over year to 27.2% [8] Cash Flow and Shareholder Returns - As of March 31, 2024, WWD had $364.1 million in cash and cash equivalents and $489.8 million in long-term debt [11] - The company generated $78 million of net cash from operating activities, down from $97 million in the prior-year period [11] - Free cash flow was $59 million compared to $83 million in the year-ago period, with $61 million returned to shareholders through dividends and share repurchases [12] Fiscal 2025 Guidance - WWD raised the lower end of its sales guidance to between $3,375 million and $3,500 million, and adjusted EPS guidance to range from $5.95 to $6.25 [14] - Aerospace segment revenues are expected to increase by 8-13%, while industrial segment revenues are anticipated to decline by 7-9% [15]

Financial Data and Key Metrics Changes - Woodward's net sales increased by 6% year over year, reaching $884 million in the second quarter of fiscal year 2025, while adjusted earnings per share rose by 4% to $1.69 [7][20] - Net cash provided by operating activities for the first half of fiscal year 2025 was $112 million, down from $144 million in the previous year, with free cash flow at $60 million compared to $88 million [20][21] - Debt leverage as of March 31, 2025, was 1.5x EBITDA [21] Business Line Data and Key Metrics Changes - Aerospace segment sales increased by 13% to $562 million, with defense OEM sales up 52% and commercial aftermarket sales up 23% [23][24] - Industrial segment sales decreased by 5% to $322 million, with transportation down 18% due to a decline in China on highway sales, while core industrial sales excluding this segment rose by 11% [25][26] Market Data and Key Metrics Changes - China on highway sales were $21 million, a decrease of $45 million from the prior year, indicating subdued demand in that market [25] - The aerospace market outlook remains bullish despite concerns about soft forward bookings in the U.S. and some international routes [10][11] Company Strategy and Development Direction - The company is focused on organic growth, returning cash to stockholders, and pursuing strategic mergers and acquisitions [21][22] - Woodward's lean transformation efforts have led to operational improvements and increased output in various gas turbine systems [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term prospects despite potential risks from tariffs and economic downturns, reaffirming the top end of their guidance [17][18] - The company is closely monitoring early indicators from end markets and customer forecasts to mitigate potential impacts from tariffs and trade tensions [16] Other Important Information - The company achieved record sales in aerospace, with the highest segment earnings recorded at $125 million and margins expanding to 22.2% [24] - Woodward's production footprint and supply base strategy result in less exposure to tariffs compared to other aerospace and industrial companies [15] Q&A Session Summary Question: Can you further decompose the commercial aftermarket growth in the quarter? - The growth was broad-based, with a notable increase in spare parts orders from MRO facilities contributing to the 23% growth [32] Question: What is the backlog in marine transportation? - The OE backlog is extended into 2029, but trade tensions could impact fleet utilization [34] Question: Given trade tensions, does it make sense to find a different owner for the China on highway product line? - The company is continuously examining its portfolio but has no immediate comments on potential actions [41] Question: What is the outlook for the commercial OE side? - The company is in close contact with Boeing and is meeting order rates, with a positive outlook for the program [43] Question: What drove the 52% increase in defense OE growth? - The increase is largely attributed to smart defense programs, with overall good health in other programs as well [94]

Second Quarter Fiscal Year 2025 Results April 28, 2025 Cautionary Statement Information in the earnings call and this presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including, but not limited to, the Company's ability to manage tariffs and the current operating environment; our long-term value proposition and ability to achieve sustainable growth and enhance shareholder value; our current stead ...

For the quarter ended March 2025, Woodward (WWD) reported revenue of $883.63 million, up 5.8% over the same period last year. EPS came in at $1.69, compared to $1.62 in the year-ago quarter.The reported revenue represents a surprise of +6.43% over the Zacks Consensus Estimate of $830.26 million. With the consensus EPS estimate being $1.44, the EPS surprise was +17.36%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Woodward (WWD) came out with quarterly earnings of $1.69 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.36%. A quarter ago, it was expected that this maker of cockpit controls and other equipment for the defense and aerospace markets would post earnings of $1.14 per share when it actually produced earnings of $1.35, deliv ...

Woodward (WWD) Q2 2025 Earnings Call April 28, 2025 05:00 PM ET Company Participants Daniel Provaznik - Director of Investor RelationsChip Blankenship - Chairman & Chief Executive OfficerWilliam Lacey - Chief Financial OfficerScott Deuschle - Director - Aerospace & Defense Equity ResearchDavid Strauss - Managing Director - Aerospace & Defense Equity ResearchMichael Ciarmoli - Managing Director - Aerospace & Defense Equity ResearchSheila Kahyaoglu - Aerospace & Defense and Airlines Equity Research Conference ...