Woodward, Inc. Reports Earnings Results for the First Quarter Ended December 31, 2023
January 29, 2024 at 04:00 pm EST
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Woodward, Inc. reported earnings results for the first quarter ended December 31, 2023. For the first quarter, the company reported sales was USD 786.73 million compared to USD 618.62 million a year ago. Net income was USD 90.04 million compared to USD 29.61 million a year ago.
Basic earnings per share from continuing operations was USD 1.5 compared to USD 0.5 a year ago. Diluted earnings per share from continuing operations was USD 1.46 compared to USD 0.49 a year ago.
Woodward, Inc. is an independent designer, manufacturer, and service provider of control solutions for the aerospace and industrial markets. It operates through two segments: Aerospace and Industrial. Its Aerospace segment designs, manufactures, and services systems and products for the management of fuel, air, and combustion and motion control. These products include fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, as well as flight deck controls, actuators, servocontrols, motors, and sensors. Its Industrial segment designs, produces, and services systems and products for the management of fuel, air, fluids, gases, motion, combustion, and electricity. These products include actuators, valves, pumps, fuel injection systems, solenoids, ignition systems, speed controls, electronics and software, and sensors. Its production facilities are in the United States, Europe, and Asia.
WOODWARD, INC. 
