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Nov 26, 2024 3:00 PM - Andrew Wynn(Last modified: Nov 27, 2024 9:46 AM)
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Woodward, Inc. (NASDAQ:WWD) is a prominent player in the aerospace and industrial sectors, providing control solutions for aircraft and industrial engines. The company has a strong presence in the aerospace-defense equipment industry, competing with other major firms in the sector. Woodward's recent financial performance highlights its robust market position and operational efficiency.
On November 25, 2024, Woodward reported earnings per share (EPS) of $1.41, surpassing the estimated $1.26. This represents a 6% increase from the previous year and exceeded the Zacks Consensus Estimate by 15.6%. The company's consistent ability to outperform expectations is evident, as it has surpassed consensus EPS estimates for the past four quarters.
Woodward's revenue for the quarter reached approximately $854.5 million, exceeding the estimated $791.5 million. This marks a 10% year-over-year increase, driven by strong operational execution and continued momentum in end-market demand. The company's net sales for the full fiscal year reached $3.3 billion, a 14% increase from the previous year, showcasing its growth trajectory.
Following the announcement of these impressive results, Woodward's stock rose by 10.7% in pre-market trading. Over the past year, WWD shares have gained 54.2%, outperforming the sub-industry's growth of 39.2%. This reflects investor confidence in the company's strategic direction and financial health.
Woodward's financial metrics further underscore its strong market position. The company has a price-to-earnings (P/E) ratio of approximately 31.56 and a price-to-sales ratio of about 3.55. Its debt-to-equity ratio is around 0.14, indicating a relatively low level of debt compared to equity. These figures highlight Woodward's solid financial foundation and ability to generate returns for shareholders.
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