Woodward Inc is a global leader in the design and manufacturing of control systems and components for aerospace and industrial engines and equipment
The company focuses on optimizing the performance, efficiency, and reliability of its products, which include fuel systems, ignition systems, and engine control units. Additionally, Woodward provides advanced energy management solutions and systems to enhance energy efficiency and reduce emissions for a wide range of applications. With a strong emphasis on innovation and technology, Woodward serves diverse markets, including aerospace, defense, and various industrial sectors, helping clients achieve sustainable operational improvements.
Aerospace and defense company Woodward (NASDAQWWD) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 1.8% year on year to $772.7 million. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $3.4 billion at the midpoint. Its non-GAAP profit of $1.35 per share was 13.9% above analysts’ consensus estimates.
Woodward currently trades at $183.61 per share and has shown little upside over the past six months, posting a middling return of 2.6%. This is close to the S&P 500’s 3.8% gain during that period.
Woodward Inc. reports record 2024 growth. With strong aerospace sales and a promising 2025 outlook, WWD stock presents opportunities for savvy investors.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Ducommun (NYSEDCO) and the best and worst performers in the aerospace industry.
Shares of aerospace and defense company Woodward (NASDAQWWD) jumped 12.4% in the morning session after the company reported third-quarter results that blew past analysts' revenue, EBITDA, and earnings expectations. Aerospace sales were a key contributor to the strong performance, up 22% year on year.
Aerospace and defense company Woodward (NASDAQWWD) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 10% year on year to $854.5 million. The company expects the full year’s revenue to be around $3.4 billion, close to analysts’ estimates. Its GAAP profit of $1.36 per share was 8.3% above analysts’ consensus estimates.
The U.S. stock market traded mixed on Tuesday morning, with major indices showing tight movements as investors awaited the release of the Federal Reserve's November meeting minutes.
