---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-000446"
form_type: "8-K"
ticker: "WWD"
cik: "0000108312"
company_name: "Woodward, Inc."
filed_at: "2024-01-29T23:59:59+00:00"
generated_at: "2026-06-06T15:43:31.761341+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-24-000446
- form_type: 8-K
- ticker: WWD
- cik: 0000108312
- company_name: Woodward, Inc.
- filed_at: 2024-01-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108312/000117184324000446/0001171843-24-000446-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108312/000117184324000446/f8k_012924.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-000446
- JSON: https://secwatch.observer/filing/0001171843-24-000446.json
- Plain text: https://secwatch.observer/filing/0001171843-24-000446.txt

## Key facts
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/108312/000117184324000446/0001171843-24-000446-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.