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.
Get a deeper insight into the potential performance of Woodward (WWD) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
To focus on its core products and maximize value creation, WWD inks a deal to sell its heavy-duty gas turbines combustion parts business to GE Vernova.
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