secwatch.observer — SEC 8-K summary
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Issuer:     Woodward, Inc. (WWD)
CIK:        0000108312
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0001171843-23-002725
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108312/000117184323002725/0001171843-23-002725-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108312/000117184323002725/f8k_050123.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-002725

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