Woodward (WWD) Tops Q4 EPS by 6c, Beats on Revenues; Offers FY18 EPS/Revenue Guidance

Woodward (NASDAQ: WWD) reported Q4 EPS of $0.98, $0.06 better than the analyst estimate of $0.92. Revenue for the quarter came in at $607 million versus the consensus estimate of $598.16 million.

Outlook

“In fiscal 2018, we anticipate ongoing growth in our Aerospace segment, as well as improvement in a number of our Industrial markets with challenges remaining in others. Additionally, strong cash generation is expected to continue,” concluded Mr. Gendron.

For fiscal 2018, net sales are expected to be between $2.2 billion and $2.3 billion. Earnings per share are expected to be between $3.20 and $3.50, which includes the impact of a significant increase in the full year expected tax rate to approximately 27 percent.

GUIDANCE:

Woodward sees FY2018 EPS of $3.20-$3.50, versus the consensus of $3.47. Woodward sees FY2018 revenue of $2.2-2.3 billion, versus the consensus of $2.21 billion.

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

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