Woodward sees FY24 EPS $4.70-$5.15, consensus $4.88

Sees FY24 revenue $3.1B-$3.25B, consensus $3.11B. The company said, “Woodward’s fiscal 2024 outlook includes a continued strong demand environment and improving operational performance throughout the year. The Aerospace segment outlook includes increasing revenue and margin expansion driven by continued strength in commercial markets and increased defense activity. The Industrial segment outlook includes broad based market strength and improving operational performance. Given the volatility and limited visibility into the China on-highway natural gas truck market, the outlook assumes peak sales levels in the first quarter with minimal activity through the remainder of 2024.”