Woodward Q3 net sales up 30% to $801M; raises FY adjusted EPS guidance to $4.05-$4.25

Woodward, Inc.

2023-Q3 EPS reported $2.44 revenue$2,137,496,000

Q3 net earnings $85M ($1.37 EPS) vs $39M ($0.64 EPS) YoY.
Aerospace segment sales $481M (+19.6% YoY); segment earnings margin 17.3%.
Industrial segment sales $320M (+50.6% YoY) driven by China natural gas truck production.
FY23 sales guidance raised to $2.85-2.90B; adjusted EPS raised to $4.05-$4.25 (prior $3.50-$3.75).
YTD free cash flow $98M vs $49M; $64M returned to stockholders via dividends and buybacks.

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 0.9

Woodward, Inc. reported its third quarter of fiscal year 2023 results: revenue $801 million, net income $85 million, EPS $1.37 per share. Guidance raised.

Period: its third quarter of fiscal year 2023
Revenue: $801 million
Net income: $85 million
EPS: $1.37 per share
Guidance: raised
Result: reported results

Exact text from the filing

All per share amounts are presented on a fully diluted basis. All comparisons are made to the same period of the prior year unless otherwise stated.) Highlights Net sales were $801 million, compared to $614 million, an increase of 30 percent. Net earnings were $85 million, or $1.37 per share, compared to net earnings of $39 million, or $0.64 per share. Net cash

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Source: SEC EDGAR

accession 0001171843-23-004807

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