- Woodward’s net sales for the first quarter amounted to $772.7 million, slightly below the estimate of $778.2 million.
- Aerospace net sales increased by 7.1% year-over-year, totaling $493.9 million, but fell short of the $505.5 million projection.
- Industrial sales, including intersegment, were $278.8 million, a decline of 14% from the previous year, yet slightly above the $271.4 million estimate.
- Adjusted EBITDA was $134.9 million, decreasing by 8.8% year-over-year, but exceeded the estimated $131 million.
- Aerospace segment showed growth in sales and margin, despite variations in Boeing product line deliveries.
- Smart defense demand contributed significantly to the Aerospace sales strength.
- In the Industrial segment, gains in power generation, oil & gas, and marine transportation were countered by lower sales in China related to on-highway natural gas trucks.
- The company remains confident in meeting its full-year guidance based on the current strategic execution.
- Analysts’ ratings include 4 buys and 8 holds, with no sell recommendations.
Woodward Inc on Smartkarma
Woodward Inc. has garnered positive analyst coverage on Smartkarma, with insights from Baptista Research shedding light on the company’s recent fiscal year 2024 performance. The report highlights Woodward’s significant growth and strategic positioning in both its Aerospace and Industrial segments, with annual revenues surpassing $3 billion for the first time. The Aerospace segment, in particular, experienced a notable 15% revenue growth attributed to strong demand in commercial and defense OEM sales.
Another report by Baptista Research focuses on Woodward Inc.’s initiation of coverage, emphasizing the company’s expanded presence in the Chinese market and other major drivers. The financial results for the third quarter of fiscal year 2024 revealed a 6% increase in net sales to $848 million, driven primarily by growth in the Aerospace segment, which saw an 8% rise to $518 million. These analyses reflect a bullish sentiment towards Woodward Inc.’s performance and potential in the market.
A look at Woodward Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Woodward Inc, a company that designs and manufactures energy control systems, is showing a promising outlook for the long term. With a strong emphasis on growth and momentum, scoring 4 in both factors, Woodward Inc is poised for expansion and positive market movement. This indicates that the company is positioned well for future development and success in its industries.
Although the Value and Dividend scores stand at 2 each, suggesting room for improvement in these areas, the overall picture for Woodward Inc is positive. With moderate scores in Resilience (3), showing a decent ability to withstand market challenges, the company seems to have a well-rounded profile. Investors may find Woodward Inc an attractive option for long-term investment based on its growth and momentum outlook, despite some areas that could continue to be enhanced.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
