Woodward(WWD)
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Woodward(WWD) - 2023 Q3 - Earnings Call Presentation
2023-07-31 20:27
M WOODWARD FISCAL YEAR 2023 THIRD QUARTER RESULTS July 31, 2023 Q3 FISCAL YEAR 2023 AGENDA ________ INTRODUCTION Dan Provaznik STRATEGIES & MARKET REVIEW Chip Blankenship ________ FINANCIAL RESULTS & OUTLOOK Bill Lacey ________ 2 | © WOODWARD, INC. PROPRIETARY © WOODWARD, INC. | --- ...
Woodward(WWD) - 2023 Q2 - Quarterly Report
2023-05-05 20:40
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the transition period from _____ to _____ Commission file number 000-08408 WOODWARD, INC. FORM 10-Q (Exact name of registrant as specified in its charter) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or Delaware 36-1984010 (State or other jurisdiction of ...
Woodward(WWD) - 2023 Q2 - Earnings Call Transcript
2023-05-02 03:10
Woodward, Inc. (NASDAQ:WWD) Q2 2023 Earnings Conference Call May 1, 2023 4:30 PM ET Company Participants Dan Provaznik - Director, Investor Relations Chip Blankenship - Chairman and Chief Executive Officer Mark Hartman - Chief Financial Officer Conference Call Participants Rob Spingarn - Melius Research Scott Deuschle - Credit Suisse Pete Skibitski - Alembic Global Sheila Kahyaoglu - Jefferies Christopher Glynn - Oppenheimer David Strauss - Barclays Gautam Khanna - Cowen Michael Ciarmoli - Truist Securities ...
Woodward(WWD) - 2023 Q1 - Quarterly Report
2023-02-03 21:21
FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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) Delaware 36-1984010 (State or other jurisdiction ...
Woodward(WWD) - 2023 Q1 - Earnings Call Transcript
2023-01-30 23:40
WWD Woodward, Inc. (NASDAQ:WWD) Q1 2023 Earnings Conference Call January 30, 2023 4:30 PM ET Company Participants Dan Provaznik - Director of Investor Relations Chip Blankenship - Chairman and Chief Executive Officer Mark Hartman - Chief Financial Officer Conference Call Participants Robert Spingarn - Melius Research Pete Skibitski - Alembic Global Christopher Glynn - Oppenheimer Matt Akers - Wells Fargo David Strauss - Barclays Sheila Kahyaoglu - Jefferies Gautam Khanna - Cowen Louis Raffetto - Wolfe Resea ...
Woodward(WWD) - 2023 Q1 - Earnings Call Presentation
2023-01-30 21:19
MS WOODWARD FISCAL YEAR 2023 FIRST QUARTER RESULTS January 30, 2023 Q1 FISCAL YEAR 2023 AGENDA ________ ________ ________ INTRODUCTION Dan Provaznik STRATEGIES & MARKET REVIEW Chip Blankenship FINANCIAL RESULTS & OUTLOOK Mark Hartman 2 | © WOODWARD, INC. PROPRIETARY © WOODWARD, INC. | --- ...
Woodward(WWD) - 2022 Q4 - Annual Report
2022-11-18 21:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2022 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) Delaware 36-1984010 (State or other jurisdiction of inc ...
Woodward(WWD) - 2022 Q4 - Earnings Call Presentation
2022-11-18 06:30
W WOODWARD FOURTH QUARTER AND FISCAL YEAR 2022 RESULTS November 17, 2022 Q4 FISCAL YEAR 2022 AGENDA ________ ________ ________ INTRODUCTION Dan Provaznik IMPRESSIONS & MARKET REVIEW Chip Blankenship FINANCIAL RESULTS & OUTLOOK Mark Hartman 2 | © WOODWARD, INC. PROPRIETARY © WOODWARD, INC. | --- ...
Woodward(WWD) - 2022 Q4 - Earnings Call Transcript
2022-11-18 02:22
Financial Data and Key Metrics Changes - Net sales for Q4 2022 were $640 million, an increase of 12% year-over-year, with $29 million in price gains contributing approximately 5% to this growth [25] - Sales were negatively impacted by approximately $85 million due to ongoing global supply chain and labor disruptions, and approximately $24 million from unfavorable foreign currency exchange rates [25] - For fiscal year 2022, net cash provided by operating activities was $194 million compared to $465 million in the previous year, with free cash flow decreasing to $141 million from $427 million [36] Business Line Data and Key Metrics Changes - Aerospace segment sales for Q4 2022 were $408 million, an increase of 8%, driven by a 34% increase in commercial aftermarket sales and a 24% increase in OEM sales [26] - Industrial segment sales for Q4 2022 were $232 million, a 20% increase, driven by higher marine sales and strong industrial turbomachinery sales [29] - Aerospace segment earnings for Q4 2022 were $63 million, or 15.5% of segment sales, down from $66 million or 17.4% of segment sales in the prior year [27] Market Data and Key Metrics Changes - Demand from aerospace and industrial customers remains strong, with commercial airline fleet utilization rates rising and U.S. and European domestic passenger traffic returning to near 2019 levels [19] - In the defense market, a slight increase in U.S. procurement is anticipated, while geopolitical tensions may lead to increased international defense spending [19] - Industrial markets are seeing robust demand in power generation, driven by strong growth in Asia and ongoing demand for backup power at data centers [20] Company Strategy and Development Direction - The company is focused on operational excellence, talent development, and innovation to drive performance and create shareholder value [9] - Specific actions have been taken to mitigate supply chain risks, including redeploying talent, reinforcing the global sourcing team, and in-sourcing selected machine components [10][11] - The company is committed to developing innovative technologies that reduce fuel consumption and emissions, with rising interest in alternative fuels across industries [15][16] Management's Comments on Operating Environment and Future Outlook - Management expects improvements in fiscal 2023, with supply chain and labor disruptions anticipated to subside, particularly in the second half of the year [38] - The strong demand environment is expected to continue, with total net sales for fiscal 2023 projected to be between $2.60 billion and $2.75 billion [39] - Aerospace sales growth is expected to be between 14% and 19%, while industrial sales growth is expected to be flat to up 5% [40] Other Important Information - The effective tax rate for fiscal 2022 was 14.1%, with an expected increase in interest expense of approximately $10 million due to rising interest rates [35][46] - The company plans to invest $10 million in new capital to create rapid response machining centers at four sites to alleviate supply chain constraints [12] Q&A Session Summary Question: Guidance for Aerospace growth and price expectations - Management anticipates continued growth in commercial OEM and aftermarket sales, with price increases consistent across both Aerospace and Industrial segments [52][53] Question: Supply chain improvements and operational normalization - Management is taking specific actions to address supply chain issues, but remains cautious about claiming sustained improvements [63][64] Question: FX headwinds and impact on industrial guidance - FX is expected to have a mid-single-digit headwind, primarily due to translation effects, impacting the industrial side of the business [75] Question: Variable incentive compensation costs - The increase in variable incentive compensation is a return to normal levels after being absent during the pandemic [78] Question: Cash flow and working capital assumptions - Management anticipates working capital to be neutral in 2023, with higher tax cash payments due to changes in R&D expense deductions [92][94]
Woodward(WWD) - 2022 Q3 - Quarterly Report
2022-08-05 19:55
For the quarterly period ended June 30, 2022 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 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) Delaware 36-1984010 (State or other jurisdiction of ...