Woodward, Inc. (NASDAQ:WWD) Q4 2019 Earnings Conference Call - Final Transcript
Nov 18, 2019 • 04:30 pm ET
better free cash flow conversion. As you can see, we're expecting another strong year for Woodward as both our Aerospace and Industrial segments continue to improve operating performance, resulting in double-digit earnings growth and substantial free cash flow acceleration.
Before turning the call back over, I'd like to remind everyone that historically our fiscal first quarter is sequentially lower due to normal business trends and fewer working days as a result of the holiday schedule and plant shutdowns. For 2020, we anticipate this similar pattern. This concludes our comments on the business and results for the fiscal year and fourth quarter 2019.
Operator, we're now ready to open the call to questions.