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Jun 30, 2021
Woodward Q3 2021 Earnings Report
Delivered improved performance despite challenges.
Key Takeaways
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.
Net sales increased by 6 percent to $557 million.
Net earnings and adjusted net earnings were $49 million, or $0.74 per share.
Aerospace segment net sales increased by 11 percent to $341 million.
Industrial segment net sales were $216 million.
Woodward
Woodward
Woodward Revenue by Segment
Revenue by Segment
Aerospace Revenue
CapyFin.comIndustrial Revenue
CapyFin.com Forward Guidance
While we expect sales, earnings and free cash flow results for the fourth quarter to be higher than the third quarter, considerable uncertainty remains with respect to the COVID-19 variants, global supply chain disruptions, and regional market volatility, all of which are expected to continue. Accordingly, we are not providing more detailed guidance at this time.
Challenges Ahead
- COVID-19 variants
- Global supply chain disruptions
- Regional market volatility
Revenue & Expenses
Visualization of income flow from segment revenue to net income