Woodward Reports First Quarter Fiscal Year 2020 Results

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Woodward (WWD) Tops Q1 EPS by 8c, Revenues Beat; Offers FY20 EPS Mid-Point Guidance Below Consensus, FY20 Revenue Guidance Below Consensus

February 3, 2020 4:06 PM EST

Woodward (NASDAQ: WWD) reported Q1 EPS of $1.10, $0.08 better than the analyst estimate of $1.02. Revenue for the quarter came in at $720 million versus the consensus estimate of $669.63 million.

First Quarter Highlights

Net sales were $720 million, compared to $653 million, an increase of 10 percent.Net earnings were $53 million, compared to $49 million.Adjusted net earnings1 were $71 million, compared to $62 million.Earnings per share increased to $0.83, up from $0.77.Adjusted earnings per share1 was $1.10, up from $0.96.Cash from operations was $27 million; adjusted free cash flow1 was $29 million.

We delivered a solid quarter... More