Woodward Inc. NASDAQ: WWD manufactures critical control systems and components for the commercial aviation, industrial, and defense industries. Modern commercial passenger airliners can contain up to five million components, while military aircraft can have up to two million.
Woodward (WWD) reported earnings 30 days ago. What's next for the stock?
WWD will acquire Safran's actuation business in North America, boosting aerospace capabilities with cutting-edge HSTA tech and next-gen aircraft solutions.
Woodward's Aerospace segment benefits from higher commercial OEM and aftermarket sales. However, the volatile China on-highway natural gas truck market is concerning.
Barclays analyst David Strauss raised the firm's price target on Woodward to $200 from $175 and keeps an Equal Weight rating on the shares.
Shares of aircraft and industrial parts supplier Woodward (WWD 4.46%) were taking off today, up as much as 12.5% before settling into a 6.8% gain as of 2 p.m. ET.
WWD's fiscal fourth-quarter performance is driven by robust end-market demand, price realization and strong volume growth.
Woodward exceeded earnings expectations, with FY24 sales at $3.3 billion and a 46% growth in free cash flow, driving a stock price surge. Aerospace sales grew 15%, despite supply chain issues, while defense and industrial segments also showed strong growth, though China sales remain a concern. FY25 guidance indicates flat to 6% sales growth, with aerospace as the main driver, but industrial sales may decline due to the weak China market.
Woodward, Inc. (NASDAQ:WWD ) Q4 2024 Earnings Call Transcript November 25, 2024 5:00 PM ET Company Participants Dan Provaznik - Director of IR Chip Blankenship - Chairman and CEO Bill Lacey - CFO Conference Call Participants Scott Mikus - Melius Research Matt Akers - Wells Fargo Gavin Parsons - UBS Louis Raffetto - Wolfe Research Josh Korn - Barclays Gautam Khanna - TD Cowen Michael Ciarmoli - Truist Securities Sheila Kahyaoglu - Jefferies Noah Poponak - Goldman Sachs Operator Thank you for standing by. Welcome to the Woodward, Inc. Fourth Quarter and Fiscal Year 2024 Earnings Call.
Although the revenue and EPS for Woodward (WWD) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Woodward (WWD) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $1.33 per share a year ago.
WWD's fourth-quarter earnings are expected to have gained from steady momentum in Aerospace amid weakness in China's on-highway natural gas truck market business.