Woodward, Inc. (NASDAQ:WWD) Q4 2019 Earnings Conference Call - Final Transcript

Nov 18, 2019 • 04:30 pm ET

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Woodward, Inc. (NASDAQ:WWD) Q4 2019 Earnings Conference Call - Final Transcript

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Q & A
Operator
Operator

a follow-up question from Gautam Khanna from Cowen. Your line is now open.

Analyst
Gautam Khanna

I just wanted to ask where you are on L'Orange bringing their technology to the US, have you had any revenue synergies yet there?

Executive
Thomas A. Gendron

Yeah, we have. We've won program and we've won some in China. So we're starting to see that leverage, and we see more coming in. Just as a reminder, those do have a fair amount of development cycle times, not as long as Aerospace, but the synergies are happening and we're seeing also better support to customers. They like the fact that we're bringing, not just a fuel injection system or bring in the controls and actuation evolving as well. So that's progressing very well. We're really quite happy with the way L'Orange is moving forward with the Company.

Analyst
Gautam Khanna

What is L'Orange's growth rate implied next year?

Executive
Thomas A. Gendron

We haven't broken that out, so it's not a number we're providing separately at this time from the Industrial. So, it's embedded in the flat to slightly up. And mainly...

Analyst
Gautam Khanna

Is it fair to assume though it would be maybe up probably because of the share.

Executive
Thomas A. Gendron

Well, it's up a little bit. I mean, you can look at it being up, but we'd also have the headwinds. They have strong oil and gas sales that are being tempered. Some of the sales on the large diesel engine power gen have tempered a little bit. So it won't be up dramatically more than the whole Industrial group. It'll be in line.

Analyst
Gautam Khanna

Thank you. It's very helpful.

Executive
Thomas A. Gendron

All right. Thanks.

Operator
Operator

Thank you. Mr. Gendron, there are no further questions at this time. I would now turn the conference back to you.

Executive
Thomas A. Gendron

Okay. Well, I'd like to thank everybody again for joining us today. I would like to invite all of you to join us at our Investor Day in New York City on December 6. We'll have a little more in-depth discussion on our markets, our strategies and our longer range outlook. So I hope to see you there and thanks again for joining us today. Bye.

Operator
Operator

Thank you. Ladies and gentlemen, that concludes our conference call today. If you would like to listen to our rebroadcast of this conference call, it would be available at 7:30 PM Eastern Standard Time by dialing 1-855-859-2056 or 1-404-537-3406 for our non-US calls and by entering the access code 4382689. A rebroadcast will be available at the Company's website, www.woodward.com for 14 days. [Operator Closing Remarks]