Woodward boosts guidance after successful second quarter

FORT COLLINS —  Woodward Inc. (Nasdaq: WWD) saw its year-over-year top and bottom lines increase in the second quarter of 2023, resulting in the company upping its revenue projections for the remainder of the year. 

Fort Collins-based Woodward designs, manufactures and services energy-conversion and control solutions for the aerospace and industrial-equipment markets.

Net earnings were $85 million on sales of $801 million in the second quarter of 2023. That’s up from net earnings of $39 million on sales of $614 million in the same period last year.

“We delivered significant sales growth and margin expansion in the third quarter driven by continued strong…