Woodward: Fiscal 4Q Earnings Snapshot
FORT COLLINS, Colo. (AP) _ Woodward Inc. (WWD) on Monday reported fiscal fourth-quarter profit of $66.8 million.
On a per-share basis, the Fort Collins, Colorado-based company said it had profit of $1.03. Earnings, adjusted for asset impairment costs and non-recurring costs, were $1.22 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.
The maker of cockpit controls and other equipment for the defense and aerospace markets posted revenue of $736.5 million in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $740.2 million.
For the year, the company reported profit of $259.6 million, or $4.02 per share. Revenue was reported as $2.9 billion.
Woodward expects full-year earnings to be $5.30 to $5.60 per share, with revenue in the range of $3 billion to $3.1 billion.
Woodward shares have increased 53% since the beginning of the year. In the final minutes of trading on Monday, shares hit $113.60, a climb of 39% in the last 12 months.