Woodward Shares Surge 10% on Strong Q4 Performance
From Financial Modeling Prep: 2024-11-26 08:29:00
Woodward (NASDAQ:WWD) shares surged over 10% in pre-market trading following strong Q4 results. Adjusted EPS came in at $1.41, beating estimates of $1.26. Revenue hit $854.5 million, exceeding projections of $810.57 million. Aerospace sales soared 22% to $552.8 million, while Industrial segment sales dropped 6% to $301.7 million.
For fiscal 2025, Woodward expects sales between $3.30 billion and $3.50 billion and earnings per share of $5.75 to $6.25. The company’s solid performance in Q4 and optimistic guidance for the future have investors bullish on its prospects.
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