Woodward boosts year-over-year sales in fourth quarter by 21%

FORT COLLINS — Woodward Inc. (Nasdaq: WWD), a Fort Collins company that designs, manufactures and services energy-conversion and control solutions for the aerospace and industrial equipment markets, posted strong sales growth for the fourth quarter of 2023 and for the full fiscal year.

Net sales were $777 million in the most recent quarter, up 21% from the fourth quarter last year. 

Adjusted net earnings for the fourth quarter of 2023 were $83 million, up from $54 million during the same period last year. 

For the full 2023 fiscal year, Woodward recorded net sales of $2.91 billion, compared to $2.38…