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Mar 31, 2024
Woodward Q2 2024 Earnings Report
Reported significant sales growth and margin expansion driven by operational excellence.
Key Takeaways
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.
Net sales increased by 16% to $835 million compared to the same period last year.
Net earnings were $98 million, or $1.56 per share, up from $36 million, or $0.58 per share.
Aerospace segment sales grew by 14%, driven by commercial aerospace and modest defense sales growth.
Industrial segment sales increased by 20%, fueled by transportation growth in China and strong power generation sales.
Revenue by Segment
Forward Guidance
Based on visibility into the third quarter demand for the China on-highway natural gas truck business and anticipated improved operational performance in the second half of fiscal 2024, Woodward is raising certain aspects of its full-year guidance.
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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