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Sep 30, 2020
Woodward Q4 2020 Earnings Report
Reported financial results for the fourth quarter and fiscal year 2020.
Key Takeaways
Woodward's Q4 2020 net sales were $531 million, a 28% decrease compared to the previous year. Net earnings were $57 million, or $0.89 per share, compared to $67 million, or $1.03 per share, for the same period last year.
Net sales decreased by 28% compared to the fourth quarter of the previous year.
Net earnings decreased from $67 million to $57 million.
Aerospace segment net sales decreased by 34% due to COVID-19 related declines.
Industrial segment net sales decreased by 15% due to COVID-19 related weakness.
Woodward
Woodward
Woodward Revenue by Segment
Forward Guidance
The company will not be providing financial guidance for fiscal year 2021 due to the severe volatility in its markets, making forecasting challenging.
Positive Outlook
- Encouraged by recent developments with respect to potential vaccines and therapeutics related to the virus.
Challenges Ahead
- Global economic effects associated with the COVID-19 pandemic have been unprecedented in their scope and depth.
- Continue to see severe volatility in our markets, making forecasting of our future business challenging.
Revenue & Expenses
Visualization of income flow from segment revenue to net income