Courtesy of Benzinga.
Shares of Woodward (NASDAQ: WWD) are trading lower in the after-hours following the release of the company’s Q4 earnings results. Currently, shares are lower by 1.19%, trading at $35.39; they ended the regular session lower by 0.06%, at $35.82.
Woodward reported Q4 EPS of $0.60 on revenues of $489.3 million; the Street was looking for $0.55 per share on revenues of $467.38 million. Revenues increased 18.8% year over year.
“Woodward concluded fiscal 2011 with record sales and earnings for the quarter and the year,” said Thomas A. Gendron, Chairman and Chief Executive Officer.
“We delivered on important organic growth strategies and laid the groundwork for broad expansion in our energy control solutions for future years with our platform wins, system development and market positioning.”
The company sees FY2012 EPS in the range of $2.20-2.35; the Street was at $2.25 per share.
Woodward, Inc., formerly Woodward Governor Company, is a designer, manufacturer and service provider of energy control and optimization solutions.
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