Woodward (NASDAQ: WWD) reported Q1 EPS of $0.96, $0.21 better than the analyst estimate of $0.75. Revenue for the quarter came in at $653 million versus the consensus estimate of $577.84 million.

• Net sales were $653 million, up 39 percent. Organic net sales1 were $565 million, up 20 percent.
• Earnings per share increased to $0.77, up from $0.29.
• Adjusted earnings per share1 was $0.96, up from $0.52 as adjusted.
• Cash from operations was $85 million; free cash flow1 was $53 million.

“The first quarter of 2019 represented a strong start to the year. Aerospace is performing very well, demonstrating continued momentum with robust OEM and aftermarket sales. In Industrial, we also saw a strong performance as our end markets improved and Woodward L’Orange continued to add strength to the segment,” said Thomas A. Gendron, Chairman and Chief Executive Officer of Woodward. “While considerable global economic uncertainty exists, we remain confident in our ability to deliver on our 2019 outlook.”

GUIDANCE:

Woodward sees FY2019 EPS of $4.40-$4.70, versus the consensus of $4.59. Woodward sees FY2019 revenue of $2.65-2.8 billion, versus the consensus of $2.72 billion.

For earnings history and earnings-related data on Woodward (WWD) click here.