- Adjusted Earnings Per Share (EPS): Woodward’s adjusted EPS for the fourth quarter was $1.41, surpassing last year’s $1.33 and beating the estimate of $1.26.
- Net Sales Growth: The company reported a 10% year-over-year increase in net sales, reaching $854.5 million, exceeding the expected $811.2 million.
- Aerospace Sales Surge: Aerospace net sales rose by 22% year-over-year to $552.8 million, above the forecasted $521.8 million.
- Industrial Sales Decline: Industrial sales, including intersegment sales, dropped by 6.4% year-over-year, totaling $301.7 million, though still above the estimated $291.7 million.
- Adjusted EBITDA Increase: The company’s adjusted EBITDA increased by 5.7% year-over-year to $146.8 million, surpassing the projected $142.7 million.
- Aerospace Comments: Growth in the Aerospace segment was attributed to capacity improvements meeting customer demand with increases in both commercial and defense original equipment manufacturer (OEM) and aftermarket sales.
- Industrial Expectations: In the Industrial segment, broad-based market strength in power generation and marine transportation is anticipated, despite a significant decline in sales related to China’s on-highway natural gas trucks.
- Future Aerospace Outlook: Woodward expects revenue growth and margin expansion in the Aerospace segment, driven by strong commercial markets and increased defense activity.
- Analyst Ratings: The stock received 4 buy ratings, 8 hold ratings, and 0 sell ratings from analysts.
Woodward Inc on Smartkarma
Analysts on Smartkarma, like Baptista Research, are closely following Woodward Inc. In a recent report titled “Woodward Inc.: Initiation Of Coverage – Expanded Presence in the Chinese Market & Other Major Drivers,” Baptista Research highlighted Woodward’s financial results for the third quarter of fiscal year 2024. Woodward reported a significant 6% increase in net sales to $848 million, driven mainly by a strong performance in the Aerospace segment, which saw an 8% rise to $518 million.
The report by Baptista Research provides valuable insights into Woodward Inc.’s growth and expansion efforts. The positive sentiment, labeled as ‘bull,’ reflects optimism about Woodward’s prospects, particularly its increased presence in the Chinese market and other key growth drivers identified by the analysts. Investors can access in-depth analysis and research reports on Smartkarma to stay informed about companies like Woodward Inc. and make well-informed investment decisions.
A look at Woodward Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Woodward Inc, a company that designs, manufactures, and services energy control systems and components for various industries, has a mixed outlook according to Smartkarma Smart Scores. The company scores moderately in terms of value and dividend, indicating some room for improvement in these areas. However, Woodward Inc shines in growth and momentum, with strong scores reflecting potential for expansion and positive market sentiment. With a moderate resilience score, the company demonstrates a level of stability in the face of challenges.
Overall, Woodward Inc appears to be well-positioned for growth and momentum in the long term based on its Smartkarma Smart Scores. While there are areas that could be strengthened such as value and dividend, the company’s strong performance in growth and momentum suggests a positive trajectory ahead. Investors may want to keep an eye on Woodward Inc‘s strategic moves and market developments to capitalize on potential opportunities in the aerospace, power generation, and other relevant sectors where the company operates.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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