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Woodward Q2 2023 Earnings Report

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$174.97 -15.17 (-7.98%)
As of 03:59 PM Eastern
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Woodward EPS Results

Actual EPS
$1.01
Consensus EPS
$0.77
Beat/Miss
Beat by +$0.24
One Year Ago EPS
$0.72

Woodward Revenue Results

Actual Revenue
$718.21 million
Expected Revenue
$648.42 million
Beat/Miss
Beat by +$69.79 million
YoY Revenue Growth
+22.40%

Woodward Announcement Details

Quarter
Q2 2023
Time
After Market Closes

Conference Call Resources

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Woodward Earnings Headlines

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About Woodward

Woodward (NASDAQ:WWD) designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The Aerospace segment provides fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, and flight deck controls, actuators, servocontrols, motors, and sensors for aircraft. These products are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems. It also provides aftermarket maintenance, repair and overhaul, and other services to commercial airlines, repair facilities, military depots, third party repair shops, and other end users. This segment sells its products to original equipment manufacturers (OEMs), tier-one suppliers, and contractors, as well as through aftermarket sales of components, such as provisioning spares and replacements. The Industrial segment offers actuators, valves, pumps, fuel injection systems, solenoids, ignition systems, speed controls, electronics and software, and sensors. These products are used on industrial gas turbines, steam turbines, compressors, and reciprocating engines. This segment sells its aftermarket products, and other related services to OEMs through an independent network of distributors, as well as directly to end users. The company was founded in 1870 and is headquartered in Fort Collins, Colorado.

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