Woodward Q1 FY2024 net sales $787M (+27% YoY); raises full-year adj. EPS guidance to $5.00-$5.40

Woodward, Inc.

2024-Q1 EPS reported $1.46 revenue$786,730,000

Q1 net sales $787M (+27% YoY); GAAP EPS $1.46, adj. EPS $1.45 vs $0.49 prior year.
Aerospace segment sales $461M (+16%); Industrial sales $326M (+46%) on China natural gas truck demand.
FY2024 guidance raised: sales now $3.15B-$3.30B; adj. EPS $5.00-$5.40 (from $4.75-$5.20); adj. FCF $300-$350M.
Debt-to-EBITDA leverage improved to 1.3x from 2.3x a year ago; total debt $719M at Dec 31, 2023.
Operating cash flow $47M vs $5M; free cash flow $5M vs negative $19M; dividends of $13M returned to shareholders.

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 first quarter of fiscal year 2024 results: revenue $787 million, net income $90 million, EPS $1.46 per share. Guidance raised.

Period: first quarter of fiscal year 2024
Revenue: $787 million
Net income: $90 million
EPS: $1.46 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. First Quarter Overview Net sales were $787 million, compared to $619 million, an increase of 27 percent. Net earnings were $90 million, or $1.46 per share, and adjusted net earnings 1 were $90 million, or $1.45 per share,

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Source: SEC EDGAR

accession 0001171843-24-000446

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