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Dec 31, 2023
Woodward Q1 2024 Earnings Report
Woodward reported strong sales growth and margin expansion due to robust end market demand and improved operational performance.
Key Takeaways
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.
Net sales increased by 27% to $787 million.
Net earnings rose to $90 million, or $1.46 per share.
Aerospace segment sales increased by 16%, driven by commercial and defense growth.
Industrial segment sales increased by 46%, primarily due to growth in the China on-highway natural gas truck business.
Revenue by Segment
Forward Guidance
Woodward updated certain components of its fiscal 2024 guidance based on strong first quarter performance and visibility into the second quarter demand for the China on-highway natural gas truck business.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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