earnings
confidence high
sentiment positive
materiality 0.70
Woodward Q3 net sales up 6% to $848M; EPS $1.63 vs $1.37; guides FY adj EPS $5.80-$6.00
Woodward, Inc.
2024-Q3 EPS reported
$4.65
revenue$2,469,761,000
- Net sales $848M (+6% YoY), net earnings $102M ($1.63 diluted EPS), vs $85M ($1.37).
- Aerospace aftermarket: commercial +19%, defense +22%; segment earnings margin 19.7% vs 17.3%.
- Industrial sales +3% to $330M; power gen +8%, transportation +3%, oil & gas -6%; earnings margin ~18.1% flat.
- FY guidance revised: sales range narrowed to $3.25-$3.3B; adj EPS raised to $5.80-$6.00; adj free cash flow $300-$350M.
- Free cash flow first nine months $225M vs $98M YoY; returned $348M to stockholders via dividends and buybacks.