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Woodward, Inc.

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Woodward Inc. delivered strong fiscal first-quarter 2015 results. Both the top and bottom lines surpassed estimates driven by robust orders. Woodward is steadily becoming a major supplier of aircraft, gas turbines and heavy-duty engines. The company has raised its capital spending to develop new technologies and state-of-the-art facilities. The company also stands to benefit from increased use of natural gas as a source of electricity and transportation fuel, particularly in the wake of stringent carbon regulations. However, it faces intense competition in both the U.S. and abroad. Its revenue stream is dependent on orders from defense majors like Boeing. It may also be adversely impacted by the volatility in energy and commodity prices.

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