Woodward Inc

Latest Results (19.12.2024):

Record Sales Achievement

In the fourth quarter of 2024, Woodward Inc. reported record net sales of $855 million, marking a 10% increase compared to the same period in the previous year. For the entire fiscal year 2024, the company achieved net sales of $3.3 billion, representing a 14% growth. This significant sales growth was driven by robust demand in both the Aerospace and Industrial segments.

Earnings Per Share Growth

Woodward Inc. reported earnings per share (EPS) of $1.36 for the fourth quarter of 2024, reflecting a 2% increase from the previous year. For the full fiscal year 2024, the EPS was $6.01, a substantial 59% rise compared to the prior year. The adjusted EPS for the year was $6.11, showing a 45% increase, highlighting the company's strong financial performance.

Cash Flow and Financial Position

During the fourth quarter of 2024, Woodward Inc. generated $142 million in cash from operations, a 7% decrease from the previous year. However, for the full fiscal year 2024, cash from operations was $439 million, a 42% increase. The company's free cash flow for the year was $343 million, up by 48%, demonstrating improved financial health and operational efficiency.

Segment Performance

In the Aerospace segment, Woodward Inc. saw a 22% increase in revenue for the fourth quarter of 2024, reaching $553 million. The segment's earnings grew by 35%, driven by price realization and higher volume. In the Industrial segment, revenue decreased by 6% in the fourth quarter, but for the full year, it increased by 13%, with segment earnings rising by 42% due to price realization and higher volume.

Fiscal Year 2025 Outlook

Looking ahead to fiscal year 2025, Woodward Inc. anticipates continued growth in key markets. The company expects sales to range between $3.30 billion and $3.50 billion, with an effective tax rate of approximately 20%. The Aerospace segment is projected to see revenue growth of 6% to 13%, while the Industrial segment may experience a decline in sales due to challenges in the China on-highway natural gas truck market. The company remains focused on operational excellence and innovation to drive shareholder value.