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Jun 30, 2024
Woodward Q3 2024 Earnings Report
Reported a solid quarter with growth in net sales and net earnings, driven by strong end-market demand and dedicated efforts.
Key Takeaways
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.
Net sales increased by 6 percent to $848 million compared to the same period last year.
Net earnings were $102 million, or $1.63 per share, compared to $85 million, or $1.37 per share.
Aerospace segment net sales increased by 8 percent, driven by strong aftermarket demand.
Industrial segment net sales increased by 3 percent, with growth in power generation and transportation.
Revenue by Segment
Forward Guidance
Woodward is revising certain aspects of its full-year guidance based on visibility into the remainder of the year.
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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