Woodward posts flat 2Q earnings

FORT COLLINS – Woodward Inc. (Nasdaq: WWD) reported flat fiscal second-quarter earnings of $43.9 million compared with $44.8 million the same period a year earlier.

Fort Collins-based Woodward, which makes energy and aerospace controls systems, said the flat earnings came from anticipated economic challenges in the company’s energy markets.

“Our strategies remain intact and our investments are delivering results,” said CEO Tom Gendron. “Our outlook for the remainder of the fiscal year is on track and we expect to see continued strength in aerospace and improvement in energy from this quarter.”

Net sales totaled $493.2 million during the second quarter ended March 31…