Woodward (WWD) Tops Q1 EPS by 5c; Guides In-Line

Woodward (NASDAQ: WWD) reported Q1 EPS of $0.56, $0.05 better than the analyst estimate of $0.51. Revenue for the quarter came in at $445 million versus the consensus estimate of $452.81 million.

GUIDANCE:

Woodward sees Q2 2016 EPS of $2.75-$2.95, versus the consensus of $2.84.

“We delivered a solid first quarter from an operational perspective, as both segments performed in line with our expectations despite the challenging macro-economic backdrop. Our results reflect continued focus on delivering our new program wins and cost control,” said Thomas A. Gendron, Chairman and Chief Executive Officer.

“We continue to take strategic actions to further enhance long term profitability by rationalizing our global footprint, reducing costs and addressing global economic conditions. The special charges we took this quarter will be largely offset by the savings we expect during the remainder of the fiscal year, and as a result, we are maintaining our full year outlook.”

For earnings history and earnings-related data on Woodward (WWD) click here.

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