secwatch.observer — SEC 8-K summary
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Issuer:     Woodward, Inc. (WWD)
CIK:        0000108312
Form:       8-K
Filed at:   2023-01-30T23:59:59+00:00
Accession:  0001171843-23-000542
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Woodward Q1 net sales up 14% to $619M; EPS flat at $0.49; free cash flow negative $19M
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- Net earnings $30M ($0.49 diluted EPS) vs $30M ($0.47) in prior year; adjusted net earnings $36M.
- Aerospace segment sales $396M (+18%); Industrial segment sales $223M (+9%) but earnings plummeted to $11M from $24M.
- Free cash flow negative $19M vs $27M adjusted free cash flow in prior year, due to inventory build and capex.
- FY2023 outlook unchanged: net sales $2.60-2.75B, EPS $3.15-3.60, free cash flow $200-250M.
- Supply chain and labor disruptions impacted Q1 by ~$95M; returned $37M to shareholders via dividends and buybacks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108312/000117184323000542/0001171843-23-000542-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108312/000117184323000542/f8k_013023.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-000542

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer