Woodward Lifts Annual Earnings Outlook - Quick Facts

(RTTNews) - Woodward, Inc. (WWD) is raising its annual earnings outlook on the back of visibility of results for the first two months of the current quarter and updated firm orders for the rest of the year, the company said in a statement Thursday.

For fiscal year 2014, Woodward now expects annual earnings of $2.35 to $2.45 per share, compared with $2.10 to $2.30 per share previously projected.

The company further said it now expects yearly net sales to be in the top end of its guidance range of $1.95 billion to $2.05 billion.

"Our markets continue to strengthen, and we expect increased sales growth and earnings leverage to positively impact our fiscal year 2015 performance as well," says Thomas Gendron, CEO of Woodward.