Woodward Publishes 2024 Annual Report

Rhea-AI Summary

Woodward (NASDAQ:WWD) has released its 2024 Annual Report, showcasing a record-breaking fiscal year. The company, which specializes in aerospace and industrial energy control solutions, achieved unprecedented revenue surpassing $3 billion for the first time in its history. The exceptional performance was marked by all-time highs in earnings per share and segment-level sales, driven by strong demand across both aerospace and industrial markets. The report, which includes the Form 10-K for the year ended September 30, 2024, is available on Woodward's website.

Positive

• Record revenue exceeding $3 billion for the first time
• All-time high earnings per share
• Record segment-level sales performance
• Strong demand across both aerospace and industrial markets

Negative

• None.

Insights

Financial Analyst

The publication of Woodward's 2024 Annual Report reveals significant financial milestones that signal robust company performance. Breaking the $3 billion revenue barrier marks a historic achievement, accompanied by record-setting earnings per share and segment sales. This performance is particularly noteworthy in the aerospace and industrial sectors, where sustained demand has driven growth. The company's strong positioning in energy control solutions, especially in clean energy applications, suggests a well-aligned strategy with current market trends. The record-breaking performance across multiple financial metrics indicates strong execution and market leadership, which should interest investors looking for companies with proven growth trajectories in the aerospace and industrial sectors.

FORT COLLINS, Colo., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD), a leader in aerospace and industrial energy control solutions, has published its 2024 Annual Report. The report highlights Woodward’s exceptional performance in fiscal 2024, including record revenue, which exceeded $3 billion for the first time. Earnings per share as well as segment level sales were also all-time highs driven by sustained, robust demand across aerospace and industrial end markets.

The report also highlights how Woodward members around the world continue to fulfill the company’s purpose to design and deliver energy control solutions our partners count on to power a clean future. To see the full report, which includes Woodward’s Annual Report on Form 10-K for the year ended September 30, 2024, visit Woodward’s website Woodward - Financials - Annual Reports.

About Woodward, Inc.
Woodward (NASDAQ: WWD) is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.

CONTACT:
Dan Provaznik
Director Investor Relations
970-498-3849
Dan.Provaznik@Woodward.com

FAQ

What was Woodward's (WWD) total revenue for fiscal year 2024?

Woodward exceeded $3 billion in revenue for fiscal year 2024, marking a record high for the company.

When did Woodward (WWD) release its 2024 Annual Report?

Woodward released its 2024 Annual Report on December 10, 2024.

What were the key performance highlights in Woodward's (WWD) 2024 Annual Report?

The key highlights included record revenue exceeding $3 billion, all-time high earnings per share, and record segment-level sales, driven by strong demand in aerospace and industrial markets.