Woodward: Fiscal 4Q Earnings Snapshot
FORT COLLINS, Colo. (AP) _ Woodward Inc. (WWD) on Wednesday reported fiscal fourth-quarter profit of $74.5 million.
On a per-share basis, the Fort Collins, Colorado-based company said it had profit of $1.16. Earnings, adjusted for non-recurring costs, came to $1.39 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The maker of cockpit controls and other equipment for the defense and aerospace markets posted revenue of $719.4 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $688 million.
For the year, the company reported profit of $180.4 million, or $2.82 per share. Revenue was reported as $2.33 billion.
Woodward shares have increased nearly 3 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $78.57, increasing slightly in the last 12 months.