Woodward Q2 net sales up 22% to $718M; adjusted EPS $1.01 beats; raises FY23 guidance

Woodward, Inc.

2023-Q2 EPS reported $1.07 revenue$1,336,833,000

Q2 net sales $718M (+22% YoY); GAAP EPS $0.58 (vs $0.74); adjusted EPS $1.01 (vs $0.72).
Aerospace segment sales $437M (+17%), earnings $73M (16.8% margin); Industrial $281M (+31%), earnings $38M (13.4% margin).
FY23 guidance raised: sales now $2.7-$2.8B (prev $2.6-$2.75B); adjusted EPS $3.50-$3.75 (prev $3.15-$3.60).
Industrial sales growth guidance raised to 14%-19% (from flat-5%); Aerospace guidance unchanged.
H1 free cash flow negative $4M vs positive $26M last year; debt-to-EBITDA 2.2x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Woodward, Inc. reported second quarter of fiscal year 2023 results: revenue $718 million, net income $36 million, EPS $0.58 per share. Guidance raised.

Period: second quarter of fiscal year 2023
Revenue: $718 million
Net income: $36 million
EPS: $0.58 per share
Guidance: raised
Result: reported results

Exact text from the filing

amounts are presented on a fully diluted basis. All comparisons are made to the same period of the prior year unless otherwise stated.) Second Quarter Overview Net sales were $718 million, compared to $587 million, an increase of 22 percent. Net earnings were $36 million, or $0.58 per share, compared to net earnings of $48 million, or $0.74 per share. Adjusted net

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Source: SEC EDGAR

accession 0001171843-23-002725

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