Woodward, Inc. Files Q1 2025 10-Q
Ticker: WWD · Form: 10-Q · Filed: Feb 4, 2025 · CIK: 108312
Sentiment: neutral
Topics: 10-Q, quarterly-filing, financials
TL;DR
Woodward Inc. Q1 2025 10-Q filed. Financials look stable.
AI Summary
Woodward, Inc. filed its 10-Q for the period ending December 31, 2024. The filing details financial performance and operational updates for the first quarter of their fiscal year. Key financial items include property, plant, and equipment, as well as various liability accounts, indicating ongoing business operations and financial management.
Why It Matters
This filing provides investors and analysts with the latest financial snapshot of Woodward, Inc., crucial for understanding the company's performance and making informed investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial information without immediate red flags.
Key Numbers
- 0930 — Fiscal Year End (Indicates the company's annual reporting cycle.)
- 001-39265 — SEC File Number (Unique identifier for the company's filings with the SEC.)
Key Players & Entities
- Woodward, Inc. (company) — Filer of the 10-Q
- 20241231 (date) — End of reporting period
- 20250204 (date) — Filing date
- Fort Collins, CO (location) — Company headquarters
FAQ
What is the primary business of Woodward, Inc.?
Woodward, Inc. is in the ELECTRICAL INDUSTRIAL APPARATUS sector, SIC code 3620.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending December 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on February 4, 2025.
What is Woodward, Inc.'s fiscal year end?
Woodward, Inc.'s fiscal year ends on September 30.
What is the company's business address?
The business address is 1081 Woodward Way, Fort Collins, CO 80524.
Filing Stats: 4,298 words · 17 min read · ~14 pages · Grade level 20 · Accepted 2025-02-04 16:50:46
Key Financial Figures
- $0.001455 — ch registered Common Stock, par value $0.001455 per share WWD NASDAQ Global Select
Filing Documents
- wwd-20241231.htm (10-Q) — 3739KB
- wwd-ex31_1.htm (EX-31.1) — 20KB
- wwd-ex31_2.htm (EX-31.2) — 20KB
- wwd-ex32_1.htm (EX-32.1) — 15KB
- 0000950170-25-013640.txt ( ) — 17377KB
- wwd-20241231.xsd (EX-101.SCH) — 2052KB
- wwd-20241231_htm.xml (XML) — 4107KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION Item 1.
Financial Statements
Financial Statements 1 Condensed Consolidated Statements of Earnings 1 Condensed Consolidated Statements of Comprehensive Earnings 2 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Cash Flows 4 Condensed Consolidated Statements of Stockholders' Equity 5 Notes to Condensed Consolidated Financial Statements 6 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 26
Forward Looking Statements
Forward Looking Statements 26 Overview 27 Results of Operations 28 Liquidity and Capital Resources 31 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 35 Item 4.
Controls and Procedures
Controls and Procedures 36
– OTHER INFORMATION
PART II – OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 36 Item 1A.
Risk Factors
Risk Factors 36 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 36 Item 5. Other Information 37 Item 6. Exhibits 37
– FINANCI AL INFORMATION
PART I – FINANCI AL INFORMATION
Financi al Statements
Item 1. Financi al Statements WOODWARD, INC. CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (In thousands, except per share amounts) (Unaudited) Three Months Ended December 31, 2024 2023 Net sales $ 772,725 $ 786,730 Costs and expenses: Cost of goods sold 583,091 582,381 Selling, general and administrative expenses 69,696 74,511 Research and development costs 30,207 30,794 Interest expense 12,341 11,436 Interest income ( 1,377 ) ( 1,473 ) Other (income) expense, net ( 23,087 ) ( 20,639 ) Total costs and expenses 670,871 677,010 Earnings before income taxes 101,854 109,720 Income tax expense 14,763 19,676 Net earnings $ 87,091 $ 90,044 Earnings per share: Basic earnings per share $ 1.47 $ 1.50 Diluted earnings per share $ 1.42 $ 1.46 Weighted Average Common Shares Outstanding: Basic 59,216 60,021 Diluted 61,141 61,846 See accompanying Notes to Condensed Consolidated Financial Statements 1 WOODWARD, INC. CONDENSED CONSOLIDATED STATE MENTS OF COMPREHENSIVE EARNINGS (In thousands) (Unaudited) Three Months Ended December 31, 2024 2023 Net earnings $ 87,091 $ 90,044 Other comprehensive earnings: Foreign currency translation adjustments ( 36,884 ) 23,841 Net gain (loss) on foreign currency transactions designated as hedges of net investments in foreign subsidiaries 3,063 ( 1,866 ) Taxes on changes in foreign currency translation adjustments 436 ( 287 ) Foreign currency translation and transactions adjustments, net of tax ( 33,385 ) 21,688 Unrealized gain (loss) on fair value adjustment of derivative instruments 20,368 ( 18,510 ) Reclassification of net realized (gain) loss on derivatives to earnings ( 27,683 ) 17,899 Derivative adjustments, net of tax ( 7,315 ) ( 611 ) Amortization of pension and other postretirement plan: Net prior service cost