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Woodward(WWD) - 2025 Q2 - Quarterly Results
2025-04-28 20:00
EXHIBIT 99.1 Woodward Reports Second Quarter Fiscal Year 2025 Results ~Results in Line with Expectations, on Track to Deliver Full-Year Guidance~ FORT COLLINS, Colo., April 28, 2025 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ: WWD) today reported financial results for its second quarter of fiscal year 2025. 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 references to years are references to the Compan ...
Woodward Reports Second Quarter Fiscal Year 2025 Results
Globenewswire· 2025-04-28 20:00
Core Insights - Woodward, Inc. reported second quarter fiscal year 2025 results that met expectations, with strong performance in the aerospace segment driven by demand for smart defense and commercial aftermarket activity [4][5][15] - The company raised the low end of its sales and adjusted EPS guidance for the fiscal year 2025, reflecting confidence in managing current operating conditions and tariff impacts [4][15] Financial Performance - Net sales for Q2 2025 were $884 million, a 6% increase from $835 million in Q2 2024; year-to-date sales reached $1,656 million, up 2% from $1,622 million [4][6] - Net earnings for Q2 2025 were $109 million, a 12% increase from $98 million in Q2 2024; year-to-date net earnings were $196 million, up 5% from $188 million [4][6] - Adjusted net earnings for Q2 2025 were $103 million, a 3% increase from $101 million in Q2 2024; year-to-date adjusted net earnings were $186 million, down 3% from $191 million [4][6] - Earnings per share (EPS) for Q2 2025 were $1.78, a 14% increase from $1.56 in Q2 2024; year-to-date EPS was $3.20, up 6% from $3.02 [4][6] Segment Performance - Aerospace segment revenue for Q2 2025 was $562 million, a 13% increase from $498 million in Q2 2024, with segment earnings rising to $125 million, a 27% increase [9][32] - Industrial segment revenue for Q2 2025 was $338 million, a 5% decrease from $322 million in Q2 2024, with segment earnings declining to $65 million, a 30% decrease [11][32] Guidance and Outlook - The company revised its fiscal year 2025 guidance, now expecting total sales between $3,375 million and $3,500 million, up from the previous range of $3,300 million to $3,500 million [15][17] - Adjusted EPS guidance was raised to a range of $5.95 to $6.25, reflecting strong year-to-date performance [15][17] Cash Flow and Financial Position - Cash from operations for Q2 2025 was $78 million, a 20% decrease from $97 million in Q2 2024; year-to-date cash from operations was $112 million, down 22% from $144 million [4][7] - Free cash flow for Q2 2025 was $59 million, a 28% decrease from $83 million in Q2 2024; year-to-date free cash flow was $60 million, down 31% from $88 million [4][7]
Woodward Gearing Up to Report Q2 Earnings: Here's What to Expect
ZACKS· 2025-04-25 15:06
Woodward, Inc. (WWD) is scheduled to report second-quarter fiscal 2025 results on April 28.The Zacks Consensus Estimate for revenues is pegged at $830.3 million, which implies a decline of 0.6% from the year-ago reported number. The consensus mark for earnings is pegged at $1.44 per share, indicating a year-over-year fall of 11.1%.WWD’s earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 17.9%. Woodward’s shares have gained 20.2% compared wit ...
Gear Up for Woodward (WWD) Q2 Earnings: Wall Street Estimates for Key Metrics
ZACKS· 2025-04-23 14:21
Wall Street analysts forecast that Woodward (WWD) will report quarterly earnings of $1.44 per share in its upcoming release, pointing to a year-over-year decline of 11.1%. It is anticipated that revenues will amount to $830.26 million, exhibiting a decline of 0.6% compared to the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of thei ...
Woodward (WWD) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
ZACKS· 2025-04-21 15:06
Company Overview - Woodward (WWD) is expected to report earnings of $1.44 per share for the quarter ended March 2025, reflecting a year-over-year decline of 11.1% [3] - Revenues are anticipated to be $830.26 million, down 0.6% from the same quarter last year [3] Earnings Expectations - The earnings report is scheduled for release on April 28, 2025, and could influence stock movement based on whether actual results exceed or fall short of expectations [2] - The consensus EPS estimate has been revised 0.39% higher in the last 30 days, indicating a slight bullish sentiment among analysts [4] Earnings Surprise Prediction - Woodward has a positive Earnings ESP of +3.95%, suggesting analysts are optimistic about the company's earnings prospects [11] - The company holds a Zacks Rank of 2 (Buy), which, when combined with the positive Earnings ESP, indicates a high likelihood of beating the consensus EPS estimate [11][8] Historical Performance - In the last reported quarter, Woodward exceeded the expected earnings of $1.14 per share by delivering $1.35, resulting in a surprise of +18.42% [12] - Over the past four quarters, Woodward has consistently beaten consensus EPS estimates [13] Industry Comparison - Teledyne Technologies (TDY), a peer in the aerospace-defense equipment industry, is expected to report earnings of $4.92 per share, reflecting a year-over-year increase of 8.1% [17] - Teledyne's revenues are projected to be $1.42 billion, up 5.5% from the previous year, but it has a negative Earnings ESP of -0.12% and a Zacks Rank of 3 (Hold), making it difficult to predict an earnings beat [18]
Woodward Schedules Fiscal 2025 Second Quarter Earnings Release and Conference Call
Globenewswire· 2025-04-14 20:12
Company Overview - Woodward, Inc. is a global leader in the design, manufacture, and service of energy conversion and control solutions for aerospace and industrial equipment markets [4] - The company is headquartered in Fort Collins, Colorado, USA, and focuses on delivering energy control solutions that support a clean future [4] Upcoming Financial Results - Woodward, Inc. is scheduled to report its fiscal 2025 second quarter financial results on April 28, 2025, at approximately 4:00 p.m. ET [1] - A news release will be issued at that time, followed by a conference call at 5:00 p.m. ET [1][2] Conference Call Details - The conference call will provide an overview of the company's business and financial performance [2] - Participants can listen to the call live via the company's website or by dialing specific phone numbers for U.S. domestic and international access [2][3] - The Conference ID for the call is 4675940, and participants are encouraged to call prior to the start time for registration [3]
Woodward Up 10% YTD: Can the Stock Gain Further Momentum?
ZACKS· 2025-04-01 14:16
Core Viewpoint - Woodward, Inc. (WWD) has shown muted growth with a year-to-date increase of 9.7%, outperforming the Aerospace-Defense Equipment industry's growth of 2.8% and the S&P 500's decline of 5.1%, raising questions about the potential for further stock momentum [1]. Price Performance - WWD stock is trading above its 100-day moving average, indicating strong upward momentum and price stability, closing at $182.49, which is 9.5% below its 52-week high of $201.64 reached on November 26, 2024 [3]. Aerospace Unit as a Catalyst - The Aerospace segment is a key driver for Woodward's revenue growth, with expectations for improvement in upcoming quarters due to strong commercial aftermarket demand and increased defense activity, despite supply chain challenges [5]. - In Q1 of fiscal 2025, net sales in the Aerospace segment rose by 7% year-over-year, with defense OEM and aftermarket sales increasing by 21% and 8%, respectively, and commercial aftermarket sales up by 19% [8]. - Geopolitical factors are boosting demand for defense products, with anticipated revenue growth in the Aerospace segment ranging from 6-13% for fiscal 2025, and segment earnings expected to be 20-21% of revenues [9]. Industrial Business Tailwinds - Woodward's Industrial segment benefits from strong demand for power generation and backup power for data centers, alongside increased investment in gas-powered generation for grid stability [10]. - The company is also seeing growth in alternative fuels in the marine industry and positive investment outlooks in refining and petrochemical activities in China, the Middle East, and India [10]. - However, challenges such as supply chain issues and a decline in revenues from China's on-highway natural-gas trucks are expected to impact the Industrial segment, with revenues projected to decline by 7-11% [12]. Capital Deployment Strategy - Woodward's capital allocation strategy supports innovation and acquisitions, returning $449 million to shareholders in fiscal 2024 through dividends and share repurchases [13]. - The quarterly dividend was increased by 12% to 28 cents per share in February 2025 [14]. Valuation - WWD stock is currently trading at a forward 12-month Price/Earnings ratio of 27.48X, which is lower than the industry average of 35.93X, presenting an attractive investment opportunity [15]. Investment Strategy - The combination of momentum in the Aerospace and Industrial segments, discounted valuation, and shareholder returns positions WWD as an appealing long-term investment [16].
Woodward: Keep On Radar, But Wait For A Better Opportunity
Seeking Alpha· 2025-03-28 19:20
Group 1 - Woodward operates in two sectors: aerospace and industrial, focusing on strategic areas such as defense and energy [1] - The company has recently agreed to acquire another entity, which is expected to enhance its operational capabilities [1] Group 2 - The firm is involved in important contracts and operations that underline its significance in the aerospace and industrial sectors [1]
Should You Forget Boeing and Buy These 2 Hot Growth Stocks Instead?
The Motley Fool· 2025-03-19 01:14
Core Viewpoint - Boeing is a key player in the aerospace sector, but there are other companies like Woodward and Hexcel that may offer better risk/reward opportunities for investors [1][13]. Group 1: Boeing's Challenges and Opportunities - Boeing Defense, Space & Security (BDS) segment is currently facing challenges, with management projecting a potential cash flow positive status by 2026 or 2027, contingent on defense budget decisions [3][5]. - The delivery of the Boeing 777X is expected in 2026, but there are concerns about delays from key customers like Emirates and ongoing issues with the 737 MAX that may hinder cash flow for future projects [4][5]. - Ramping up production of the 737 MAX is viewed as a significant opportunity, with expectations of reaching a delivery rate of 38 per month by the second half of 2025 [6][8]. Group 2: Competitors and Market Position - Woodward and Hexcel are positioned well in the aerospace market, benefiting from increased production at Boeing and Airbus, with both companies trading at attractive cash-flow valuations [9][11]. - Hexcel specializes in advanced lightweight composites that enhance fuel efficiency, while Woodward focuses on technologies that improve engine performance and reduce emissions [10][12]. - Both companies have significant exposure to the next generation of airplanes and are expected to thrive in a favorable market environment due to multiyear backlogs at major manufacturers [9][10].
Woodward Stock Jumps 31% in a Year: Can It Sustain the Momentum?
ZACKS· 2025-02-28 14:05
Core Viewpoint - Woodward, Inc. (WWD) has demonstrated strong stock performance with a 31.2% gain over the past year, outperforming the Aerospace-Defense Equipment industry and the S&P 500 [1] Price Performance - WWD stock is currently trading at $184.59, which is 8.5% below its 52-week high of $201.64 reached on November 26, 2024 [3] - The stock is above its 100 and 200-day moving averages, indicating strong upward momentum and price stability [3] Business Segments - The Aerospace segment is expected to see revenue growth driven by the commercial aftermarket and increased defense activity, despite supply chain challenges [5] - In Q1 fiscal 2025, net sales in the Aerospace segment rose 7% year-over-year, with defense OEM and aftermarket sales increasing by 21% and 8%, respectively [6] - The Industrial segment benefits from solid demand for power generation and investments in gas-powered generation, as well as growth in alternative fuels and refining activities in key regions [8] Growth Drivers - Geopolitical developments are boosting demand for defense products, with Aerospace segment revenues projected to grow by 6-13% in fiscal 2025 [7] - Woodward is investing in technology upgrades and new manufacturing units to enhance efficiency, including a $55 million transformation of its Aerospace Maintenance, Repair, and Overhaul facility [9] Financial Metrics - WWD stock is trading at a forward Price/Earnings ratio of 28.15X, which is lower than the industry average of 36.28X, indicating a potentially attractive investment opportunity [11] - The company returned $449 million to shareholders in fiscal 2024 through dividends and share repurchases, and recently increased its quarterly dividend by 12% to 28 cents per share [12][15] Investment Outlook - The combination of strong performance in Aerospace and Industrial segments, discounted valuation, and robust shareholder returns positions WWD as an attractive long-term investment [16]