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Woodward (WWD)
NASDAQ:WWD
Holding WWD?
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.18Last Year’s EPS
1.45Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 5.48%
|Next Earnings Date:Jul 30, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a strong performance in 2024 with record-breaking revenue and significant growth in the Aerospace segment. However, challenges such as the decline in China On-Highway sales, supply chain issues, and defense margin pressures present potential hurdles for 2025. The company remains optimistic about its Aerospace and Core Industrial segments, with expectations of continued growth.Company Guidance
During the fourth quarter and fiscal year 2024 earnings call for Woodward, Inc., the company provided detailed guidance for 2025, indicating expected total net sales between $3.3 billion and $3.5 billion, with Aerospace sales anticipated to grow 6% to 13% and Industrial sales projected to decline by 7% to 11%. Specifically, Aerospace segment earnings are expected to be 20% to 21% of sales, while the Industrial segment earnings are forecasted at 13% to 14% of sales. The company also anticipates a significant decline in China On-Highway sales to approximately $40 million, down from $175 million in 2024. Woodward expects an effective tax rate of about 20% and plans capital expenditures of approximately $150 million, with free cash flow projected to range between $350 million and $400 million. Additionally, earnings per share are forecasted to be between $5.75 and $6.25, based on 61.5 million fully diluted shares outstanding.Record-Breaking Revenue and Growth
Annual revenue exceeded $3 billion for the first time, with a 14% increase in total sales for 2024. Aerospace sales increased by approximately 15% to record levels, and margins expanded by approximately 260 basis points.
Strong Aerospace Performance
Aerospace segment sales for the fourth quarter were $553 million, up 22%. Commercial OEM and aftermarket sales were up 16% and 22%, respectively. Defense OEM sales were up 40%.
Increased Earnings and Cash Flow
2024 earnings per share and adjusted earnings per share were $6.01 and $6.11, respectively, compared to $3.78 and $4.21 in 2023. Free cash flow increased by more than $100 million compared to the prior year.
Operational and Innovation Achievements
Completion of Loves Park transformation with advanced MRO services infrastructure and new testing capabilities. Expansion of Glatten facility to increase capacity in power generation and marine transportation markets.
Positive Outlook for Aerospace and Core Industrial
Aerospace sales growth expected to be 6% to 13% in 2025. Core Industrial sales expected to grow 3% to 7% with earnings at 14% to 15% of core sales.
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WWD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WWD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 25, 2024 | $179.29 | $187.29 | +4.46% |
| Jul 29, 2024 | $182.64 | $151.27 | -17.18% |
| Apr 29, 2024 | $150.40 | $161.64 | +7.47% |
| Jan 29, 2024 | $141.84 | $140.60 | -0.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Woodward (WWD) report earnings?
Woodward (WWD) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is Woodward (WWD) earnings time?
Woodward (WWD) earnings time is at Feb 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WWD EPS forecast?
WWD EPS forecast for the fiscal quarter 2025 (Q1) is 1.18.
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