Woodward (WWD) Misses Q4 EPS by 4c; Guides EPS Modestly Below Views

Woodward (NASDAQ: WWD) reported Q4 EPS of $0.82, $0.04 worse than the analyst estimate of $0.86. Revenue for the quarter came in at $570 million versus the consensus estimate of $605.22 million.

“We delivered solid performance in 2021 despite the continuing impacts of COVID-19 on our markets. Supply chain disruptions and regional market volatility were experienced across the company; however, our effective cost control measures and strong working capital management enabled us to mitigate these impacts and generate robust free cash flow,” said Thomas A. Gendron, Chairman and Chief Executive Officer. “Looking into fiscal 2022, we expect continued improvement in most of our end markets, although we also expect uncertainty and volatility around the pace of recovery to persist. We continue to be resilient against a challenging macroeconomic backdrop and remain focused on maintaining our strong financial position to allow us to capitalize on future market opportunities.”

GUIDANCE:

Woodward sees FY2022 EPS of $3.55-$3.95, versus the consensus of $3.99.

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

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