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Mar 31, 2023
Woodward Q2 2023 Earnings Report
Delivered strong sales growth driven by robust demand and increased output due to strategic investments.
Key Takeaways
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.
Net sales increased by 22% to $718 million compared to the previous year.
Net earnings were $36 million, or $0.58 per share.
Aerospace segment sales increased by 17% to $437 million.
Industrial segment sales increased by 31% to $281 million.
Revenue by Segment
Forward Guidance
The company expects year-over-year improvements in the second half of fiscal 2023 and is raising certain aspects of its full-year guidance due to better-than-expected results and an anticipated lower income tax rate.
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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