Woodward, Inc. reports record $3 billion revenue and all-time high earnings per share in its 2024 Annual Report.
Quiver AI Summary
Woodward, Inc. has released its 2024 Annual Report, showcasing a remarkable fiscal year driven by robust demand in aerospace and industrial sectors. The company achieved record revenue surpassing $3 billion for the first time, with earnings per share and segment sales also hitting all-time highs. The report emphasizes Woodward's commitment to providing energy control solutions that contribute to a cleaner future. For more detailed information, the full report and Woodward’s Annual Report on Form 10-K for the year ending September 30, 2024, are available on their website.
Potential Positives
- Woodward, Inc. achieved record revenue exceeding $3 billion for the first time in fiscal 2024, indicating significant growth and market confidence.
- Earnings per share and segment level sales reached all-time highs, reflecting strong financial performance across their divisions.
- The report underscores sustained demand in aerospace and industrial markets, highlighting the company's strategic positioning and ability to meet market needs.
- Woodward's commitment to powering a clean future is reinforced by their focus on energy control solutions, aligning with global sustainability goals.
Potential Negatives
- None
FAQ
What are the key highlights of Woodward's 2024 Annual Report?
The report showcases record revenue exceeding $3 billion, all-time high earnings per share, and robust demand across markets.
How did Woodward perform in fiscal 2024?
Woodward achieved exceptional performance with record revenue, high earnings per share, and increased sales in aerospace and industrial sectors.
Where can I find Woodward's Annual Report?
You can access Woodward's 2024 Annual Report on their website under the Financials - Annual Reports section.
What is Woodward's purpose?
Woodward's purpose is to design and deliver energy control solutions that partners rely on to power a clean future.
What types of solutions does Woodward provide?
Woodward provides energy conversion and control solutions for aerospace and industrial equipment, including fluid, combustion, and motion control systems.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$WWD Insider Trading Activity
$WWD insiders have traded $WWD stock on the open market 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 have been sales.
Here’s a breakdown of recent trading of $WWD stock by insiders over the last 6 months:
- THOMAS G CROMWELL (EVP and COO) has traded it 14 times. They made 0 purchases and 14 sales, selling 75,841 shares.
- JOHN D COHN sold 2,400 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$WWD Hedge Fund Activity
We have seen 184 institutional investors add shares of $WWD stock to their portfolio, and 275 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FARALLON CAPITAL MANAGEMENT LLC added 1,154,000 shares (+inf%) to their portfolio in Q3 2024
- CAPITAL RESEARCH GLOBAL INVESTORS added 616,630 shares (+17.9%) to their portfolio in Q3 2024
- EAGLE CAPITAL MANAGEMENT LLC added 609,957 shares (+14.9%) to their portfolio in Q3 2024
- NAYA CAPITAL MANAGEMENT UK LTD added 577,224 shares (+inf%) to their portfolio in Q3 2024
- JPMORGAN CHASE & CO added 570,124 shares (+135.1%) to their portfolio in Q3 2024
- ACADIAN ASSET MANAGEMENT LLC removed 428,841 shares (-98.7%) from their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC removed 245,919 shares (-41.2%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
FORT COLLINS, Colo., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD), a leader in aerospace and industrial energy control solutions, has published its 2024 Annual Report. The report highlights Woodward’s exceptional performance in fiscal 2024, including record revenue, which exceeded $3 billion for the first time. Earnings per share as well as segment level sales were also all-time highs driven by sustained, robust demand across aerospace and industrial end markets.
The report also highlights how Woodward members around the world continue to fulfill the company’s purpose to design and deliver energy control solutions our partners count on to power a clean future. To see the full report, which includes Woodward’s Annual Report on Form 10-K for the year ended September 30, 2024, visit Woodward’s website Woodward - Financials - Annual Reports .
About Woodward, Inc.
Woodward (NASDAQ: WWD) is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com .
CONTACT:
Dan Provaznik
Director Investor Relations
970-498-3849
Dan.Provaznik@Woodward.com