Woodward reported net sales for the quarter were $334.7 million, up 9% from $305.8 million for the same quarter of last year. Net earnings for the quarter were $18.5 million compared with $29.7 million in last year’s second quarter. Net earnings for the current quarter included special charges of $0.16 per share as shown below. These charges are included in our nonsegment results. Sales growth would have been approximately 14% compared to last year’s second quarter without the negative impact of exchange rates. Foreign exchange did not have a significant impact on net earnings. Earnings benefitted from cost control actions, offset by the effects of the decline in sales volumes.
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Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
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AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada