Woodward posts $142M profit for 2012
Diluted earnings per share increased to $2.01 from $1.89.
The Fort Collins-based company posted a fourth-quarter profit of $46.1 million, up 11 percent from the same period last year. That translated to 66 cents diluted earnings per share, up from 60 cents.
For the year, Woodward reported net sales of $1.87 billion vs. $1.71 billion the prior year. Fourth-quarter sales rose to $528.7 million from $489.3 million the year before.
"Fourth-quarter profitability improved as we recovered from the impacts of the unusual operational issues experienced in the third quarter," CEO Tom Gendron said.
Net sales in Woodward's aerospace segment increased 9 percent to $264 million during the fourth quarter. In the energy segment, fourth-quarter net sales rose to $264.7 million, an increase of 7 percent.
Woodward, headquartered in Fort Collins, makes control systems technology for the energy and aerospace industries.
Woodward shares Tuesday rose half a percentage point to close at $32.07.
More breaking news...
Insurance exchange adds Sunday hours; CEO withdraws raise request
On Thursday, U.s. Rep. Jared Polis, D-Colo., released a statement, a
Anheuser-Busch, Teamsters' contract talks progress
Customer service centers for the exchange in Denver and
The brewer and the labor
Atchison named city sustainability director
Banking, securities commissioner retiring
Woodward forecasts revenue growth for 2014
Polis, COGA spar over fracking votes
Nursing shortage? Not in Colorado…yet