Filing Flows › Woodward (WWD) › Q4 FY24
Woodward (WWD) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 26, 2024
Woodward (WWD) reported revenue of $854M for the fourth quarter fiscal 2024 (Q4 FY24), +10% from a year earlier and +0.8% from the quarter before. Operating margin was 11.9%, net earnings $83.3M (9.7% of revenue).
Woodward, Q4 FY24: revenue $854M (+10% year over year), operating margin 11.9%, net earnings $83.3M, operating cash flow $142M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $854M | +0.8% | +10% |
| Operating profit | $102M | -17% | +4% |
| Net earnings | $83.3M | -18% | +0.8% |
| Operating cash flow | $142M | -7% | -7% |
| Free cash flow | $118M | -14% | -12% |
What changed
Revenue was $854.5M in Q4 FY24, up 10% year over year and up 1% from the previous quarter. Aerospace was the largest line at 65% of revenue.
Operating profit was $101.5M, a 11.9% margin (down 0.7 points year over year). Of the extra revenue versus a year earlier, 5% reached operating profit, below the 13% margin then. Total costs grew 11% against revenue growth of 10%. Net earnings were $83.3M, up 1% year over year. The effective tax rate was 18.0%.
Operating cash flow was $141.8M (down 7% year over year), 170% of net earnings. Non-cash charges added back $29.3M of depreciation and amortization and $5.1M of share-based compensation. Working capital and other items added $24.0M. Capital expenditures of $24.1M left free cash flow of $117.7M.
Questions
What was Woodward's revenue in the fourth quarter fiscal 2024?
Woodward (WWD) reported revenue of $854M for the fourth quarter fiscal 2024 (Q4 FY24), +10% from a year earlier and +0.8% from the quarter before.
Was Woodward profitable in the fourth quarter fiscal 2024?
Operating profit was $102M (11.9% of revenue) and net earnings $83.3M.
Source: Woodward 10-K on SEC EDGAR.