UPDATE: Woodward (WWD) Tops Q3 EPS by 9c, FY Guidance Tops Views
Woodward (NASDAQ: WWD) reported Q3 EPS of $1.12, $0.09 better than the analyst estimate of $1.03. Revenue for the quarter came in at $588 million versus the consensus estimate of $572.74 million.
Our outlook now reflects the acquisition of L’Orange.
Total net sales are expected to be approximately $2.3 billion for fiscal 2018, with Aerospace sales up approximately 14 percent and Industrial sales flat to slightly up, both as compared to the prior year.
Aerospace segment earnings as a percent of sales are expected to be flat to slightly up as compared to the prior year. Adjusted Industrial segment earnings as a percent of sales are expected to be up approximately 100 basis points as compared to the prior year.
Earnings per share are now expected to be approximately $2.75 based on approximately 64 million of fully diluted weighted average shares outstanding.
Woodward’s outlook on an adjusted basis has improved. Adjusted earnings per share are expected to be approximately $3.80.
(Street sees FY EPS of $3.67)
For earnings history and earnings-related data on Woodward (WWD) click here.