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Woodward Fiscal Q3 Earnings, Revenue Rise; Fiscal-year Guidance Revised
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Woodward Fiscal Q3 Earnings, Revenue Rise; Fiscal-year Guidance Revised
Jul 29, 2024 1:43 PM

04:21 PM EDT, 07/29/2024 (MT Newswires) -- Woodward (WWD) reported fiscal Q3 diluted earnings Monday of $1.63 per share, up from $1.37 a year earlier.

Analysts polled by Capital IQ expected $1.51.

Net sales for the quarter ended June 30 were $847.7 million, up from $800.7 million a year earlier.

Analysts surveyed by Capital IQ expected $853.1 million.

The company said it now expects fiscal 2024 adjusted earnings of $5.80 to $6.00 per share, revised from its previous guidance of $5.70 to $6.00.

Sales for the fiscal year are now expected to be $3.25 billion to $3.30 billion, updated from the prior guidance of $3.25 billion to $3.35 billion.

Analysts surveyed by Capital IQ expect normalized EPS of $5.99 on revenue of $3.31 billion.

Shares of Woodward were falling 7.2% in after-hours trading.

Price: 170.00, Change: -13.19, Percent Change: -7.20

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