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 ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Styl ...

FORT COLLINS, Colo., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ: WWD), a leader in aerospace and industrial energy control solutions, announced today that it expects to report its fiscal 2024 fourth quarter and full year financial results at approximately 4:00 p.m. ET on Monday, November 25, 2024. A news release will be issued at that time and a conference call will be held at 5:00 p.m. ET. During the conference call, the company will provide an overview of its business and financial performan ...

Group 1: Zacks Premium Overview - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1][2] - The service includes Zacks Style Scores, which are designed to help investors select stocks with the highest potential to outperform the market in the short term [2][3] Group 2: Zacks Style Scores - Zacks Style Scores categorize stocks into ratings of A, B, C, D, or F based on value, growth, and momentum characteristics, with higher scores indicating a better chance of stock outperformance [3][4] - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales [3] - The Growth Score emphasizes a company's financial health and future growth potential, analyzing projected and historical earnings, sales, and cash flow [4] - The Momentum Score identifies trends in stock price or earnings outlook, helping investors time their positions based on recent price changes and earnings estimate adjustments [4] - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who utilize multiple investing strategies [5] Group 3: Zacks Rank and Performance - The Zacks Rank is a proprietary model that uses earnings estimate revisions to assist in portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [6][7] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 that also have Style Scores of A or B for optimal investment success [9][10] Group 4: Company Spotlight - Woodward, Inc. - Woodward, Inc., based in Fort Collins, CO, is an independent designer and manufacturer of energy control solutions for aerospace and industrial markets [11] - The company currently holds a Zacks Rank of 3 (Hold) and has a VGM Score of B, indicating potential for growth [11] - Woodward is projected to experience a year-over-year earnings growth of 40.6% for the current fiscal year, supported by a Growth Style Score of B [12] - Recent earnings estimates for fiscal 2024 have been revised upward, with the Zacks Consensus Estimate increasing by $0.01 to $5.92 per share, alongside an average earnings surprise of 18.5% [12]

Woodward's (WWD) shares have been performing well on the trading front, with a gain of 24.7% year to date compared with the S&P 500 composite and the sub-industry's growth of 19.9% and 13.5%, respectively. The stock closed the last trading session at $169.81, 9.8% below its 52-week high of $188.35, reached on June 3, 2024. The company's earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters with an average surprise of 18.5%. YTD Price Performance Image Source: Zacks Investment ...