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Sep 30, 2024
Woodward Q4 2024 Earnings Report
Reported record sales and earnings for fiscal year 2024, with 2025 guidance reflecting growth in key Aerospace and Industrial markets.
Key Takeaways
Woodward reported record sales in fiscal 2024, exceeding $3 billion for the first time, driven by robust end market demand and operational excellence. The company anticipates increasing revenue and margin expansion in Aerospace, and broad-based market strength in Industrial, offset by a decline in sales related to China on-highway natural gas trucks for fiscal 2025.
Delivered record sales in fiscal 2024, surpassing $3 billion.
Aerospace segment experienced increased commercial and defense OEM sales due to capacity improvements and aftermarket sales due to high aircraft utilization.
Industrial business saw increased sales in power generation and transportation.
Anticipates increasing revenue and margin expansion in Aerospace and broad-based market strength in Industrial for fiscal 2025.
Revenue by Segment
Forward Guidance
Woodward’s fiscal 2025 guidance 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 the Aerospace segment
- Continued strength in commercial aerospace markets
- Increased defense activity in the Aerospace segment
Challenges Ahead
- Significant decline in sales related to China on-highway natural gas trucks.
- Fiscal year 2025 guidance includes $40 million in sales related to China on-highway natural gas trucks, which would be a year-over-year decline of approximately $175 million.
- Global economic uncertainty and instability, including in the financial markets that affect Woodward, its customers, and its supply chain
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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