Woodward Shares Surge 10% on Strong Q4 Performance
Nov 26, 2024 1:29 PM - Davit Kirakosyan
Image credit: FMP
Woodward (NASDAQ:WWD) saw its shares climb over 10% in pre-market today after reporting strong fourth-quarter results that exceeded analyst expectations. The aerospace and industrial equipment manufacturer delivered robust growth in key segments.
For the quarter, Woodward posted adjusted earnings per share of $1.41, beating the Street consensus estimate of $1.26. Revenue reached $854.5 million, surpassing analyst projections of $810.57 million. The Aerospace segment led the way with a 22% year-over-year increase in sales to $552.8 million, driven by enhanced capacity to meet customer demand. In contrast, the Industrial segment experienced a 6% year-over-year decline, with sales totaling $301.7 million.
Looking ahead to fiscal 2025, the company provided guidance for sales between $3.30 billion and $3.50 billion and earnings per share in the range of $5.75 to $6.25.
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