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Sep 30, 2023
Woodward Q4 2023 Earnings Report
Delivered strong results driven by robust demand and improved operational performance.
Key Takeaways
Woodward reported a 21% increase in net sales for the fourth quarter of fiscal 2023, reaching $777 million compared to $640 million in the prior year. Net earnings for the quarter were $83 million, or $1.33 per share, up from $54 million, or $0.88 per share in the previous year.
Net sales increased by 21% to $777 million.
Net earnings increased to $83 million, or $1.33 per share.
Aerospace segment net sales increased by 11% to $455 million.
Industrial segment net sales increased by 39% to $322 million.
Revenue by Segment
Forward Guidance
Woodward’s fiscal 2024 outlook includes a continued strong demand environment and improving operational performance throughout the year.
Positive Outlook
- Continued strong demand environment.
- Improving operational performance throughout the year.
- Increasing revenue and margin expansion in Aerospace segment.
- Continued strength in commercial markets.
- Increased defense activity.
Challenges Ahead
- Volatility and limited visibility into the China on-highway natural gas truck market.
- Outlook assumes peak sales levels in the first quarter with minimal activity through the remainder of 2024.
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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