Woodward Q2 net sales $835M (+16% YoY), EPS $1.56, adj. EPS $1.62; raises FY guidance

Woodward, Inc.

2024-Q2 EPS reported $3.02 revenue$1,622,073,000

Net sales $835M (+16% YoY); net earnings $98M ($1.56 EPS) vs $36M ($0.58); adjusted EPS $1.62 vs $1.01.
Aerospace sales up 14% to $498M, segment earnings margin 19.8%; Industrial sales up 20% to $338M, margin 19.3%.
Full-year guidance raised: sales $3.25-$3.35B, adj. EPS $5.70-$6.00, adj. FCF $325-$375M.
H1 operating cash flow $144M (vs $40M), free cash flow $88M (vs -$4M); debt-to-EBITDA 1.2x (vs 2.2x).
CEO cites operational excellence, strong China on-highway and power generation demand driving growth.

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 second quarter of fiscal year 2024 results: revenue $835 million, net income $98 million, or $1.56 per share. Guidance raised.

Period: second quarter of fiscal year 2024
Revenue: $835 million
Net income: $98 million, or $1.56 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. Second Quarter Overview Net sales were $835 million, compared to $718 million, an increase of 16 percent. Net earnings were $98 million, or $1.56 per share, compared to net earnings of $36 million, or $0.58 per share. Adjusted net

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Source: SEC EDGAR

accession 0001171843-24-002324

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