Woodward reports slight sales increase, drop in net earnings
FORT COLLINS — Woodward Inc. (Nasdaq: WWD) reported a 1% increase in net sales over 2021 in its quarterly report for the second quarter of 2022. The company reported $581 million in net sales for the three month period ending in March 2021 and was able to improve its net sales to $586 million over the same period in 2022.
While the Fort Collins-based technology and aerospace company saw a slight increase in its sales, net earnings were down nearly 30% over the same period of 2021. Net earnings went from $68 million to $48 million year-to-year, with per-share earnings dropping…
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