Shares of aircraft and industrial parts supplier Woodward (WWD 4.46%) were taking off today, up as much as 12.5% before settling into a 6.8% gain as of 2 p.m. ET.Woodward made news after reporting its fiscal fourth-quarter earnings last night, which came in handily above expectations. Furthermore, the company guided for fiscal 2025 results that exceeded analyst estimates as well.Riding the friendly skies to a beatWoodward produces a diverse portfolio of products for aerospace and industrial gas markets, inc ...

FORM 10-K | --- | --- | --- | |------------|-------------------------------------------------------------------------------------------------------------|-------| | | | Page | | | PART I | | | | Forward Looking Statements | 1 | | Item 1. | Business | 2 | | Item 1A. | Risk Factors | 9 | | Item 1B. | Unresolved Staff Comments | 19 | | Item 1C. | Cybersecurity | 19 | | Item 2. | Properties | 21 | | Item 3. | Legal Proceedings | 21 | | Item 4. | Mine Safety Disclosures | 21 | | | PART II | | | Item 5. | Market ...

Woodward, Inc. (WWD) reported fourth-quarter fiscal 2024 adjusted net earnings per share (EPS) of $1.41, which jumped 6% year over year and beat the Zacks Consensus Estimate by 15.6%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Quarterly net sales increased 10% year over year to $855 million. Strong operational execution, along with continued momentum in end-market demand, led to this uptick. The top line beat the consensus estimate by 5.9%.For the full year, WWD reported net sal ...

Financial Data and Key Metrics Changes - Annual revenue exceeded $3 billion for the first time, with total net sales for 2024 at $3.32 billion, an increase of 14% year-over-year [8][24] - Earnings per share for 2024 were $6.01, compared to $3.78 in the prior year, reflecting a significant increase [24] - Free cash flow increased by more than $100 million compared to the prior year, reaching $343 million for 2024 [9][32] Business Line Data and Key Metrics Changes - Aerospace segment sales for Q4 2024 were $553 million, an increase of 22% year-over-year, with full-year sales at $2.03 billion, up 15% [25] - Industrial segment sales for Q4 2024 were $302 million, a decrease of 6%, with full-year sales at a record $1.3 billion, an increase of 13% [26][28] - Defense OEM sales increased by 40% in Q4, contributing to overall growth in the defense portfolio [25][100] Market Data and Key Metrics Changes - Aerospace market remains strong, with healthy aftermarket activity due to high utilization rates on legacy aircraft [17] - Industrial market shows robust demand for power generation, particularly in gas-fired applications [19] - Transportation market is healthy, but China on-highway sales declined due to local economic challenges [20] Company Strategy and Development Direction - The company is focused on profitable growth, operational excellence, and innovation to maximize shareholder value [22] - A strategy to expand industrial service offerings and rationalize the product portfolio was highlighted, including the sale of a combustion component fabrication product line [12][13] - Continued investment in automation and manufacturing capabilities is planned to support future growth [35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in capturing growth opportunities in defense and aerospace, despite supply chain challenges [18][22] - The company anticipates solid momentum into 2025, with expectations for aerospace sales growth between 6% and 13% [33][37] - Concerns were raised about the volatility in China on-highway sales, with expectations for a significant decline in 2025 [26][34] Other Important Information - The effective tax rate for 2024 was 17.8%, an increase from 15.7% in the prior year [31] - The company returned $449 million to shareholders in 2024, including dividends and share repurchases [32][50] Q&A Session Summary Question: Regarding PMA offerings for the CFM56-7B engine - Management stated they are not focused on becoming a PMA supplier and prefer to invest in other product introductions [42] Question: Contribution of JDAMs to defense OEM growth - JDAMs contributed to the growth, along with other products in the smart defense portfolio, with expectations for continued growth in fiscal 2025 [43] Question: Status of production for Boeing - Production for Boeing has not yet restarted, pending confirmation of their anticipated restart rate targets [47] Question: Capital allocation priorities - The company aims to maintain a disciplined capital allocation strategy, focusing on high-return projects and M&A opportunities while keeping debt leverage around 1.5 times EBITDA [49] Question: Expectations for aerospace growth by market - Military OE is expected to be the strongest growth driver, followed by commercial OE, with commercial aftermarket growth anticipated to level off [80] Question: Pricing expectations for fiscal 2025 - The company expects around 5% price realization across segments, with aerospace potentially slightly stronger than industrial [87]

For the quarter ended September 2024, Woodward (WWD) reported revenue of $854.49 million, up 10% over the same period last year. EPS came in at $1.41, compared to $1.33 in the year-ago quarter.The reported revenue represents a surprise of +5.90% over the Zacks Consensus Estimate of $806.85 million. With the consensus EPS estimate being $1.22, the EPS surprise was +15.57%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

Woodward, Inc (WWD) is scheduled to report fourth-quarter fiscal 2024 results on Nov. 25.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for revenues is pegged at $806.8 million, which implies growth of 3.8% from the year-ago reported number. The consensus mark for earnings is pegged at $1.22 per share, indicating a year-over-year decline of 8.3%.WWD’s earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, with the average ...

The upcoming report from Woodward (WWD) is expected to reveal quarterly earnings of $1.22 per share, indicating a decline of 8.3% compared to the year-ago period. Analysts forecast revenues of $806.85 million, representing an increase of 3.8% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company reveals its earnings, it is vit ...

FORT COLLINS, Colo., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Woodward (NASDAQ: WWD), a leader in aerospace and industrial energy control solutions, today announced that it has signed a definitive agreement under which GE Vernova (NYSE: GEV) is to acquire Woodward’s heavy duty gas turbines combustion parts business based in Greenville, S.C. Under the terms of the agreement and subject to meeting all closing terms and conditions, GE Vernova will acquire assets related to the business that are dedicated to supplying ...

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Core Viewpoint - Woodward, Inc. is set to announce its fiscal 2024 fourth quarter and full year financial results on November 25, 2024, at 4:00 p.m. ET, followed by a conference call at 5:00 p.m. ET [1][2]. Group 1 - The company will provide an overview of its business and financial performance during the conference call [2]. - The conference call will be accessible live via the company's website and will remain available for one year [2]. - Participants can join the call by dialing specific numbers for U.S./Canada and international calls, with a Conference ID provided for registration [3]. Group 2 - Woodward, Inc. is recognized as a global leader in energy conversion and control solutions for aerospace and industrial equipment markets [4]. - The company's mission focuses on delivering energy control solutions that contribute to a clean future [4]. - Woodward's innovative systems are designed to perform in challenging environments, showcasing its commitment to quality and reliability [4].