Woodward, Inc. (NASDAQ:WWD) reported mixed third-quarter financial results and lowered its FY24 revenue guidance on Monday.
Woodward reported quarterly earnings of $1.63 per share which beat the analyst consensus estimate of $1.46 per share. Woodward reported quarterly sales of $847.688 million which missed the analyst consensus estimate of $853.523 million, according to data from Benzinga Pro.
“We delivered a solid quarter, driven by robust end-market demand and the dedicated efforts of all our members,” stated Chip Blankenship, Chairman and Chief Executive Officer. “In Aerospace, increased utilization drove strong aftermarket demand in the third quarter. Total Industrial …