Workflow
Woodward(WWD)
icon
Search documents
Woodward(WWD) - 2024 Q2 - Quarterly Report
2024-05-03 18:21
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 For the quarterly period ended March 31, 2024 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) (State or other jurisdiction of incorporation or or ...
Woodward(WWD) - 2024 Q2 - Earnings Call Transcript
2024-04-29 21:52
Woodward, Inc. (NASDAQ:WWD) Q2 2024 Earnings Conference Call April 29, 2024 4:30 PM ET Company Participants Dan Provaznik - Director, Investor Relations Chip Blankenship - Chairman & Chief Executive Officer Bill Lacey - Chief Financial Officer Conference Call Participants David Strauss - Barclays Scott Deuschle - Deutsche Bank Robert Spingarn - Melius Research Gavin Parsons - UBS Louis Raffetto - Wolfe Research Pete Skibitski - Alembic Global Gautam Khanna - TD Cowen Sheila Kahyaoglu - Jefferies Michael Cia ...
Woodward(WWD) - 2024 Q2 - Earnings Call Presentation
2024-04-29 20:50
Fiscal Year 2024 Second Quarter Results April 29, 2024 CAUTIONARY STATEMENT This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. These forward-looking statements include, but are not limited to, our prioritization of growth, operational excellence and innovation, including to the outcome of such efforts on our long-term success and shareholder value; demand for our products and services and our ...
Woodward(WWD) - 2024 Q2 - Quarterly Results
2024-04-29 20:05
EXHIBIT 99.1 Woodward Reports Second Quarter Fiscal Year 2024 Results Raises Full-Year Guidance FORT COLLINS, Colo., April 29, 2024 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD) today reported financial results for its second 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. Second Quarter O ...
Woodward(WWD) - 2024 Q1 - Quarterly Report
2024-02-02 17:46
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 For the quarterly period ended December 31, 2023 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) - 2024 Q1 - Earnings Call Transcript
2024-01-30 06:04
Financial Data and Key Metrics Changes - Net sales for Q1 2024 were $787 million, an increase of 27% compared to the previous year [22] - Earnings per share for Q1 2024 were $1.46, up from $0.49 in the prior year [22] - Adjusted earnings per share for Q1 2024 were $1.45, compared to $0.49 previously [22] - Effective tax rate for Q1 2024 was 17.9%, compared to 6.7% in the prior year [29] - Free cash flow for Q1 2024 was $5 million, compared to negative $19 million in the prior year [30] Business Line Data and Key Metrics Changes - Aerospace segment sales for Q1 2024 were $461 million, an increase of 16% from $396 million [23] - Industrial segment sales for Q1 2024 were $326 million, a 46% increase from $223 million [25] - Commercial OEM sales in Aerospace were up 23%, and aftermarket sales were up 9% [23] - Industrial segment earnings for Q1 2024 were $67 million, or 20.5% of segment sales, compared to $11 million or 5.1% previously [26] Market Data and Key Metrics Changes - In Aerospace, domestic and international passenger traffic now exceeds 2019 levels, indicating high aircraft utilization rates [18] - Demand for power generation in Industrial remains strong, driven by growth in Asia and the Middle East [19] - Demand for natural gas heavy-duty trucks in China increased significantly, driven by favorable LNG to diesel price spreads [20] Company Strategy and Development Direction - The company focuses on three interconnected value drivers: profitable growth, operational excellence, and innovation [11] - The company is expanding its automation project funnel to improve quality and reduce future labor demand [14] - The company aims to design and deliver energy control solutions to power a clean future [15] Management's Comments on Operating Environment and Future Outlook - Management noted that material cost inflation is expected to continue through calendar year 2024 [12] - The company is optimistic about strong demand signals across both Aerospace and Industrial markets [21] - Management expressed confidence in their ability to manage risks associated with potential slowdowns in demand [40] Other Important Information - The company repaid $75 million of long-term debt during the quarter [31] - Capital expenditures for Q1 2024 were $42 million, compared to $24 million in the prior year [30] - The company expects free cash flow to be between $300 million and $350 million for fiscal 2024 [34] Q&A Session Summary Question: Insights on Aerospace sales growth - Aerospace commercial OEM sales were up 23% year-on-year, with growth in both wide-body and narrow-body programs [36][37] Question: Price realizations in Industrial - Price realization for the quarter was $50 million, with Industrial contributing approximately $20 million [44] Question: Impact of V-22 fleet grounding on defense aftermarket - The V-22 program has seen significant repair and overhaul demand, contributing to a 45% increase in defense aftermarket sales [48] Question: Long-term margin expectations for Industrial - Long-term margins for Industrial are expected to be in the mid-teens, with current pressures from cost increases and product mix [54] Question: Guidance related to China on-highway natural gas truck business - The guidance increase is primarily related to the performance of the China on-highway natural gas truck business, with expected sales of approximately $50 million in Q2 [75][93]
Woodward(WWD) - 2024 Q1 - Earnings Call Presentation
2024-01-30 01:02
| --- | --- | |---------------------------------------------------------|-------| | | | | | | | | | | | | | | | | W WOODWARD LEADING THE WAY | | | | | | | | | FISCAL YEAR 2024 FIRST QUARTER RESULTS January 29, 2024 | | | --- | --- | --- | |--------------------------------------------|---------------------------|-------------------------------| | | | | | Q1 FISCAL YEAR 2024 AGENDA | | | | INTRODUCTION | BUSINESS & MARKET REVIEW | FINANCIAL RESULTS & GUIDANCE | | Dan Provaznik | Chip Blankenship | Bill Lacey ...
Woodward(WWD) - 2023 Q4 - Annual Report
2023-11-17 20:28
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, 2023 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) (State or other jurisdiction of incorporation or organi ...
Woodward(WWD) - 2023 Q4 - Earnings Call Transcript
2023-11-17 01:44
Woodward, Inc. (NASDAQ:WWD) Q4 2023 Earnings Conference Call November 16, 2023 4:30 PM ET Company Participants Dan Provaznik - Director of Investor Relations Chip Blankenship - Chairman & Chief Executive Officer Bill Lacey - Chief Financial Officer Conference Call Participants Scott Mikus - Melius Research Scott Deuschle - Deutsche Bank Sheila Kahyaoglu - Jefferies Pete Skibitski - Alembic Global Advisors Christopher Glynn - Oppenheimer David Strauss - Barclays Gavin Parsons - UBS Gautam Khanna - TD Cowen L ...
Woodward(WWD) - 2023 Q4 - Earnings Call Presentation
2023-11-16 23:37
W WOODWARD FOURTH QUARTER AND FISCAL YEAR 2023 RESULTS November 16, 2023 Q4 FISCAL YEAR 2023 AGENDA INTRODUCTION Dan Provaznik ________ IMPRESSIONS & MARKET REVIEW Chip Blankenship ________ FINANCIAL RESULTS & OUTLOOK Bill Lacey ________ 2 | © WOODWARD, INC. PROPRIETARY © WOODWARD, INC. | --- ...