Woodward Earnings Reports

Woodward reported first quarter results in line with expectations, driven by strong Aerospace segment performance and offset by a decline in Industrial sales related to China on-highway natural gas trucks. The company reaffirmed its 2025 guidance, with a narrowed adjusted earnings per share range of $5.85-6.25.

Woodward reported record sales in fiscal 2024, exceeding $3 billion for the first time, driven by robust end market demand and operational excellence. The company anticipates increasing revenue and margin expansion in Aerospace, and broad-based market strength in Industrial, offset by a decline in sales related to China on-highway natural gas trucks for fiscal 2025.

Woodward reported a 6 percent increase in net sales, reaching $848 million, and net earnings of $102 million, or $1.63 per share, for the third quarter of fiscal year 2024. The company's performance was driven by robust end-market demand, particularly in the Aerospace sector, and increased sales in power generation and transportation within the Industrial segment.

Woodward reported a strong second quarter with net sales increasing by 16% to $835 million and net earnings rising to $98 million, or $1.56 per share. The company's performance was driven by growth in both Aerospace and Industrial segments, leading to an increase in full-year guidance.

Woodward reported a strong first quarter with net sales of $787 million, a 27% increase compared to the previous year. Net earnings were $90 million, or $1.46 per share, up from $30 million, or $0.49 per share, in the prior year. The company raised its full-year guidance based on this strong performance and positive momentum.

Woodward reported a 21% increase in net sales for the fourth quarter of fiscal 2023, reaching $777 million compared to $640 million in the prior year. Net earnings for the quarter were $83 million, or $1.33 per share, up from $54 million, or $0.88 per share in the previous year.

Woodward reported a strong third quarter with significant sales growth and margin expansion, driven by strong end market demand and improved operational efficiency. The company's Aerospace and Industrial businesses are improving, with Industrial benefiting from increased on-highway natural gas truck production in China. As a result, Woodward is raising its full-year outlook.

Woodward reported a 22% increase in net sales for the second quarter of fiscal year 2023, driven by strong demand in aerospace and industrial markets. The company's net earnings were $36 million, or $0.58 per share, compared to $48 million, or $0.74 per share in the same period last year.

Woodward reported a 14% increase in net sales, reaching $619 million, but profitability was impacted by ongoing industry-wide challenges. Net earnings were $30 million, or $0.49 per share.

Woodward's Q4 2022 net sales increased by 12% to $640 million, while net earnings rose to $54 million, or $0.88 per share, compared to $50 million, or $0.76 per share in the same period last year. Profitability was impacted by labor and material inflation, as well as global supply chain and labor disruptions.

Woodward reported a 10% increase in net sales for the third quarter of fiscal year 2022, reaching $614 million. Aerospace segment sales grew significantly, while Industrial segment sales saw a slight decrease. Net earnings were $39 million, or $0.64 per share, compared to $49 million, or $0.74 per share in the prior year. Profitability was impacted by labor and material inflation, as well as global supply chain and labor disruptions.

Woodward reported a 1% increase in net sales to $587 million, but net earnings decreased to $48 million due to COVID-19 related disruptions, supply chain constraints, labor shortages, and higher inflation.

Woodward reported a 1% increase in net sales for the first quarter of fiscal year 2022, reaching $542 million. However, net earnings decreased to $30 million, or $0.47 per share, compared to $42 million, or $0.64 per share, in the same period last year, due to ongoing COVID-19 related disruptions.

Woodward reported a 7% increase in net sales for the fourth quarter of fiscal 2021, reaching $570 million. Net earnings were $50 million, or $0.76 per share, compared to $57 million, or $0.89 per share in the prior year. The company's performance was impacted by global supply chain disruptions, but effective cost control and working capital management helped mitigate these effects.

Woodward reported a 6% increase in net sales to $557 million for the third quarter of fiscal year 2021, with net earnings of $49 million, or $0.74 per share.

Woodward reported a 19% decrease in net sales to $581 million compared to the same quarter last year. Net earnings were $68 million, or $1.04 per share, compared to $91 million, or $1.41 per share, in the prior year. The company noted encouraging signs of market recovery with sequential improvement in both Aerospace and Industrial segments.

Woodward reported a decrease in net sales by 25 percent, with net sales of $538 million. Net earnings were $42 million, or $0.64 per share, compared to $53 million, or $0.83 per share, for the first quarter of fiscal 2020.

Woodward's Q4 2020 net sales were $531 million, a 28% decrease compared to the previous year. Net earnings were $57 million, or $0.89 per share, compared to $67 million, or $1.03 per share, for the same period last year.

Woodward reported net sales of $524 million and net earnings of $38 million, or $0.61 per share, for the third quarter of fiscal 2020. The company's results were impacted by the COVID-19 pandemic, which led to lower commercial sales in the Aerospace segment and weakness in the Industrial segment.

Woodward's second-quarter performance saw net sales of $720 million and net earnings of $91 million, influenced by the initial impacts of the COVID-19 pandemic and actions taken to mitigate its effects.

Woodward's first quarter of fiscal year 2020 saw net sales of $720 million, compared to $653 million in the prior year. Net earnings were $53 million, or $0.83 per share, compared to $49 million, or $0.77 per share, for the prior year quarter.