Woodward, Inc.: Initiation Of Coverage – Expanded Presence in the Chinese Market 

Woodward, Inc. presented its financial results and operational achievements for the third quarter of fiscal year 2024. From a financial perspective, Woodward reported net sales of $848 million in the third quarter, marking a 6% increase from the previous year. The increase was primarily supported by growth in the Aerospace segment, which saw an 8% rise to $518 million. This was further supported by a strong performance in the commercial aftermarket, which experienced a 19% increase, showcasing robust demand and utilization rates in the aviation sector.