Woodward, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
April 29, 2024 at 04:05 pm
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Woodward, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was USD 835.34 million compared to USD 718.21 million a year ago. Net income was USD 97.56 million compared to USD 35.51 million a year ago. Basic earnings per share from continuing operations was USD 1.61 compared to USD 0.59 a year ago. Diluted earnings per share from continuing operations was USD 1.56 compared to USD 0.58 a year ago.
For the six months, sales was USD 1,622.07 million compared to USD 1,336.83 million a year ago. Net income was USD 187.6 million compared to USD 65.12 million a year ago. Basic earnings per share from continuing operations was USD 3.12 compared to USD 1.09 a year ago. Diluted earnings per share from continuing operations was USD 3.02 compared to USD 1.07 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. 
