Woodward Shares Jump on 4Q Earnings Beat, Better-Than-Expected Outlook

Dow Jones11-26

Woodward posted higher profit and revenue in its fiscal fourth quarter and guided for an upbeat fiscal 2025, sending shares up in after-hours trading.

The stock gained 11%, after ending Monday's regular session 1.8% higher, at $170.29, putting it up 32% since the beginning of the year.

The Fort Collins, Colo., company reported a profit of $83.3 million, or $1.36 a share, for its three months ended Sept. 30, compared with $82.7 million, or $1.33 a share, a year earlier.

Adjusted per-share earnings came in at $1.41, ahead of the $1.26 that analysts were looking for, according to FactSet.

Revenue rose 10%, to $854.5 million, beating the $810.4 million that analysts polled by FactSet were expecting.

"Robust end-market demand along with contributions from operational excellence fueled significant sales growth and earnings expansion," Chief Executive Chip Blankenship said.

The company said it expects strong demand to continue throughout its current fiscal year.

Woodward, which makes energy-control products for the aerospace and industrial markets, for its fiscal 2025 expects per-share earnings between $5.75 and $6.25 on sales between $3.3 billion and $3.5 billion. Analysts polled by FactSet forecast earnings of $5.85 a share on revenue of $3.38 billion.

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