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Woodward's (WWD) Aerospace segment benefits from higher commercial OEM and aftermarket sales.
Woodward, Inc. WWD has entered into a five-year Maintenance, Repair and Overhaul (MRO) Services agreement with Lufthansa Technik.
FORT COLLINS, Colo., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD), a global leader in energy control solutions for aerospace and industrial applications, announced today that it has entered a five-year Maintenance, Repair, and Overhaul (MRO) Services agreement with Lufthansa Technik.
Woodward's (WWD) fiscal third-quarter revenues are driven by strong Aerospace aftermarket activity & rising global power demand.
Woodward topped earnings expectations for the quarter, but the company faces headwinds from China and in some areas of its aviation business. Given the uncertainty, investors are understandably shying away from the stock today.
Woodward, Inc. (NASDAQ:WWD ) Q3 2024 Earnings Conference Call July 29, 2024 4:30 PM ET Company Participants Dan Provaznik - Director, Investor Relations Chip Blankenship - Chairman of the Board and Chief Executive Officer Bill Lacey - Executive Vice President and Chief Financial Officer Conference Call Participants Scott Mikus - Melius Research Scott Deuschle - Deutsche Bank Pete Skibitski - Alembic Global David Strauss - Barclays Gavin Parsons - UBS Sheila Kahyaoglu - Jefferies Louis Raffetto - Wolfe Research Michael Ciarmoli - Truist Securities Gautam Khanna - TD Cowen Noah Poponak - Goldman Sachs Operator Thank you for standing by. Welcome to the Woodward Inc. Third Quarter Fiscal Year 2024 Earnings Call.
While the top- and bottom-line numbers for Woodward (WWD) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Woodward (WWD) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.47 per share. This compares to earnings of $1.37 per share a year ago.
FORT COLLINS, Colo., July 29, 2024 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD) today reported financial results for its third quarter of fiscal year 2024.
Woodward's (WWD) Q3 earnings are expected to have gained from steady momentum across the Aerospace and Industrial business segments.