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Woodward Reports First Quarter Fiscal Year 2021 Results

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Woodward (WWD) Misses Q1 EPS by 4c, Revenues Miss

February 1, 2021 4:06 PM EST

Woodward (NASDAQ: WWD) reported Q1 EPS of $0.64, $0.04 worse than the analyst estimate of $0.68. Revenue for the quarter came in at $538 million versus the consensus estimate of $542.86 million.

First Quarter Overview

Net sales were $538 million, compared to $720 million, a decrease of 25 percent.Net earnings and adjusted net earnings1 were both $42 million, or $0.64 per share. For the first quarter of... More