Woodward Governor 1st-quarter net up 42%, sales up 20%
By Robert Daniel
Last update: 9:08 p.m. EST Jan. 21, 2008
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SAN FRANCISCO (MarketWatch) -- Woodward Governor Co., (WGOV:
Woodward Governor Company) the Fort Collins, Colo., producer of energy-control solutions for engines, aircraft and industrial equipment, reported on Monday that fiscal first-quarter net income rose 42% on 20% higher sales. For the quarter ended Dec. 31, earnings reached $25.3 million, or 72 cents a share, from $17.9 million, or 51 cents, in the year-earlier period. Sales rose to $272.1 million from $226.2 million. Organic sales growth -- from internal operations and excluding acquisitions -- rose 16%. For fiscal 2008, the company affirmed that it expects to earn $3.05 to $3.15 a share as sales grow 8% to 10%