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FORT COLLINS, Colo. - Woodward , Inc. (NASDAQ:WWD) reported better-than-expected second quarter results and raised its full-year outlook, sending shares up 3.2% in after-hours trading on Monday.
The aerospace and industrial equipment manufacturer posted adjusted earnings per share of $1.69, surpassing analyst estimates of $1.45. Revenue rose 6% year-over-year to $884 million, also beating expectations of $838.83 million.
"Our strong second quarter results were in line with our expectations, reflecting the dedication of our members in a volatile environment," said Chip Blankenship, Chairman and Chief Executive Officer.
Aerospace segment sales grew 13% YoY to $561.7 million, driven by strong demand for smart defense and robust commercial aftermarket activity. This was partially offset by lower commercial OEM and defense aftermarket sales. Industrial segment revenue declined 5% to $321.9 million, impacted by lower China on-highway natural gas truck sales.
For fiscal 2025, Woodward raised its earnings guidance to $5.95-$6.25 per share, up from its previous range of $5.85-$6.25. The company also tightened its revenue forecast to $3.375-$3.5 billion, compared to $3.3-$3.5 billion previously.
"Based on what we know today, we are confident in Woodward’s ability to manage the announced tariff levels and current operating environment in the second half of the fiscal year," Blankenship added.
The company’s free cash flow declined 28% YoY to $59 million in Q2, while cash from operations fell 20% to $78 million.
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