Woodward reports FY2023 sales up 22% to $2.91B, EPS $3.78; guides FY2024 EPS $4.70-5.15

Woodward, Inc.

2023-FY EPS reported $3.78 revenue$2,914,566,000

Q4 net sales $777M (+21% YoY); GAAP EPS $1.33 vs $0.88; adjusted EPS also $1.33.
FY23 net sales $2.91B (+22%); GAAP EPS $3.78; adjusted EPS $4.21.
Free cash flow $232M (FY22: $141M); returned $177M to shareholders via dividends and buybacks.
FY2024 outlook: sales $3.10-3.25B, EPS $4.70-5.15, free cash flow $275-325M.
Aerospace segment sales $1.77B (+16%) with margin 16.4%; Industrial $1.15B (+33%) margin 14.1%.

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 fourth quarter ended September 30, 2023 results: revenue $777 million, net income $83 million, EPS $1.33 per share.

Period: fourth quarter ended September 30, 2023
Revenue: $777 million
Net income: $83 million
EPS: $1.33 per share
Result: reported results

Exact text from the filing

Fourth Quarter Overview Net sales were $777 million, compared to $640 million, an increase of 21 percent. Net earnings and adjusted net earnings 1 were $83 million, or $1.33 per share, compared to net earnings of $54 million, or $0.88 per share, and adjusted net earnings of $51 million, or $0.84 per share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Woodward, Inc. reported fiscal year ended September 30, 2023 results: revenue $2.91 billion, net income $232 million, EPS $3.78 per share.

Period: fiscal year ended September 30, 2023
Revenue: $2.91 billion
Net income: $232 million
EPS: $3.78 per share
Result: reported results

Exact text from the filing

Fiscal Year 2023 Overview Net sales were $2.91 billion, compared to $2.38 billion, an increase of 22 percent. Net earnings were $232 million, or $3.78 per share, compared to net earnings of $172 million, or $2.71 per share.

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Source: SEC EDGAR

accession 0001171843-23-007149

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