$WWD (Woodward Inc.) Earnings:
- Net sales were $777 million, compared to $640 million, an increase of 21 percent.
- Net earnings and adjusted net earnings were $83 million, or $1.33 per share, compared to net earnings of $54 million, or $0.88 per share, and adjusted net earnings of $51 million, or $0.84 per share.
“We delivered strong results in fiscal 2023 driven by robust demand across our aerospace and industrial end markets as well as improved operational performance. Our Aerospace business continued to perform well throughout the year. In the second half of the year, our Industrial business began to realize the benefits from our strategic investments in operational excellence including reduced complexity, improved productivity, and increased output. These sustainable improvements supported double digit revenue growth and significant margin expansion,” said Chip Blankenship, Chairman and Chief Executive Officer. “For fiscal 2024, we anticipate continued strong demand for our products and services. Combined with benefits from our ongoing operational excellence focus, we expect to deliver solid revenue growth, expanded earnings per share, and robust cash flow. Our pursuit of operational excellence, talent development, and innovation for the future positions Woodward for long-term sustainable growth and enhanced value for our shareholders.”... Show More
