The reported revenue compares to the Zacks Consensus Estimate of $850.98 million, representing a surprise of -0.39%. The company delivered an EPS surprise of +10.88%, with the consensus EPS estimate being $1.47. Here is how Woodward performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Woodward (WWD) reported $847.69 million in revenue for the quarter ended June 2024, representing a yearover-year increase of 5.9%. EPS of $1.63 for the sam ...

Woodward (WWD) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.47 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 10.88%. 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 $1.28 per share when it actually produced earnings of $1.62, deliv ...

FORT COLLINS, Colo., July 29, 2024 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD) today reported financial results for its third quarter of fiscal year 2024. All amounts are presented on an as reported (U.S. GAAP) basis unless otherwise indicated. All per share amounts are presented on a fully diluted basis. All comparisons are made to the same period of the prior year unless otherwise stated. All references to years are references to the Company's fiscal year unless otherwise stated. Third Quarter Overvie ...

Core Insights - Woodward, Inc. reported a solid financial performance for the third quarter of fiscal year 2024, with net sales increasing by 6% to $848 million compared to $801 million in the same period last year [3][14][49] - The Aerospace segment showed strong growth, with net sales rising 8% to $518 million, driven by increased aftermarket demand and higher aircraft utilization [5][53] - The Industrial segment experienced a more moderate growth of 3%, with net sales reaching $330 million, supported by power generation and transportation sales despite a decline in oil and gas [40][53] Financial Performance - Net earnings for the third quarter were $102 million, or $1.63 per share, compared to $85 million, or $1.37 per share in the prior year [16][49] - EBIT for the third quarter was $132 million, up from $117 million in the same quarter last year [4][49] - The effective tax rate decreased to 16.4% from 20.0% in the previous year [17][49] Segment Results - Aerospace segment earnings for the third quarter were $102 million, representing 19.7% of segment net sales, an increase from 17.3% in the prior year [18][53] - Industrial segment earnings were $60 million, or 18.1% of segment net sales, slightly down from 18.2% in the previous year [19][53] - Year-to-date results for the Aerospace segment showed net sales of $1.48 billion, up from $1.31 billion, with earnings increasing to $279 million, or 18.9% of segment net sales [8][42] Cash Flow and Financial Position - Cash flow from operating activities for the first nine months of 2024 was $297 million, compared to $156 million in the same period last year [14][44] - Free cash flow for the first nine months was $225 million, significantly up from $98 million in the prior year [23][44] - Total debt as of June 30, 2024, was $923 million, compared to $751 million a year earlier, with a debt-to-EBITDA ratio of 1.5 times [45][49] Guidance and Outlook - Woodward revised its full-year guidance, projecting total company sales between $3.250 billion and $3.300 billion, with an adjusted effective tax rate of approximately 18.5% [41][41] - Adjusted free cash flow guidance was updated to a range of $300 million to $350 million [41][41]

Wall Street analysts expect Woodward (WWD) to post quarterly earnings of $1.47 per share in its upcoming report, which indicates a year-over-year increase of 7.3%. Revenues are expected to be $850.98 million, up 6.3% from the year-ago quarter. The consensus EPS estimate for the quarter has undergone a downward revision of 1.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Before a c ...

Rotary actuators are essential devices in industrial, commercial and residential applications, converting rotational motion into precise and controlled mechanical action. Unlike linear actuators, they generate circular movement. In aerospace, they control aircraft flaps, ailerons and landing gear, demonstrating their strength and reliability under extreme conditions. Woodward, in collaboration with Boeing, has started work on these actuators, aiming for production by 2026 and test flights by 2028. Headquart ...

Woodward (WWD) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 29. On the ...

Core Insights - Woodward, Inc. has been selected to provide rotary actuation solutions for the NASA and Boeing Transonic Truss-braced Wing (TTBW) X-66A aircraft demonstrator, highlighting its role in innovative aerospace projects [1][2][3] - The TTBW concept aims to enhance fuel efficiency through its unique wing design, which features long and thin strut-braced wings that improve lift and reduce drag [2] - Woodward's rotary actuators will be integrated into the X-66A ailerons, which are critical flight control surfaces [2] - The collaboration with Boeing is seen as a continuation of Woodward's long-standing relationship with the aerospace giant, as well as its commitment to supporting NASA's initiatives [3] - The TTBW program is part of the aviation industry's broader goal to achieve net-zero emissions by 2050 [3] - Production of the actuators is set to begin by 2026, with test flights planned for 2028 [4] Company Overview - Woodward, Inc. is a global leader in energy conversion and control solutions, serving aerospace and industrial equipment markets [5] - The company focuses on enabling a cleaner, decarbonized world through innovative technologies in fluid, combustion, electrical, propulsion, and motion control systems [5] - Woodward is headquartered in Fort Collins, Colorado, and has a strong presence in the aerospace sector, working with major industry players [5]

WWD is a leading designer, manufacturer and service provider of energy control and optimization solutions. The company provides a wide array of products for fuel, combustion, fluid, actuation and electronic applications, which serve the commercial aerospace, business jet, military and energy markets. Factors Driving Performance For fiscal 2024, the Industrial segment revenues are expected to increase in the range of 13-15% compared with the prior guided range of 8-10%. The volatile China on-highway natural ...

FORT COLLINS, Colo., July 15, 2024 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD) announced today that it expects to report its fiscal 2024 third quarter financial results at approximately 4:00 p.m. ET on Monday, July 29, 2024. A news release will be issued at that time and a conference call will be held at 4:30 p.m. ET. During the conference call, the company will provide an overview of its business and financial performance. You are invited to listen to the call live via the company's website, www.woodwa ...