Woodward (NASDAQ: WWD) reported Q4 EPS of $1.22, $0.03 worse than the analyst estimate of $1.25. Revenue for the quarter came in at $737 million versus the consensus estimate of $745.47 million.

GUIDANCE:

Woodward sees FY2020 EPS of $5.30-$5.60, versus the consensus of $5.51. Woodward sees FY2020 revenue of $3-3.1 billion, versus the consensus of $3.09 billion.

• Total net sales for fiscal 2020 are expected to be between $3.0 and $3.1 billion. Aerospace sales are anticipated to be up approximately 6 percent compared to the prior year. While ASC 606 favorably impacted Aerospace sales growth in fiscal year 2019, it is expected to have an unfavorable impact on sales growth in fiscal year 2020 due to the timing of sales orders and inventory levels. Industrial sales are expected to be flat to up low single digits as compared to the prior year.
• Aerospace segment earnings as a percent of segment net sales are expected to be approximately 21 percent. Industrial segment earnings as a percent of segment net sales are expected to be approximately 14 percent.
• The effective tax rate is expected to be approximately 22 percent.
• Free cash flow is expected to be approximately $400 million.
• Earnings per share is expected to be between $5.30 and $5.60 based on approximately 64 million of fully diluted weighted average shares outstanding.

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