FX.co ★ Woodward, Inc. Q1 Profit Decreases, But Beats Estimates

Woodward, Inc. (WWD) reported earnings for the first quarter, revealing a decrease from the previous year yet surpassing Wall Street expectations.

The company's earnings stood at $87.09 million, or $1.42 per share, compared to $90.04 million, or $1.46 per share, in the same period the prior year.

Adjusting for special items, Woodward, Inc. posted earnings of $82.57 million, or $1.35 per share, for the quarter.

On average, analysts had forecasted earnings of $1.18 per share, typically excluding any special items from their estimates.

During this period, the company's revenue dropped by 1.8%, falling to $772.73 million from $786.73 million a year ago.

Summary of Woodward, Inc.'s Financial Performance (GAAP):

- Earnings: $87.09 million, compared to $90.04 million last year.

- Earnings Per Share (EPS): $1.42, down from $1.46 last year.

- Revenue: $772.73 million, compared to $786.73 million last year.

**Outlook**:

- Full-year EPS is projected to range between $5.85 and $6.25.

- Full-year revenue is expected to be between $3,300 million and $3,500 million.