2024-06-26 10:06:53 ET
Summary
- Woodward earnings soared with 16% sales growth, 63% net earnings growth, and improved free cash flow, driven by aerospace and industrial segment performance.
- Strong quarterly results led to an upward revision of financial guidance, with increased revenue and free cash flow estimates for the full year.
- Based on improved fundamentals and projected growth, Woodward stock is now upgraded to a buy rating, with potential upside in the coming years.
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Woodward Stock: Upgrade As Free Cash Flow Soars