Woodward Inc (WWD – Analyst Report) just released their first quarter fiscal 2016 earnings results, posting an earnings beat of $0.56 but a revenue miss of $445 million.

Currently, WWD has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Woodward:

1. Beat earnings estimates. The company posted $0.56, beating our Zacks Consensus Estimate of $0.54. This number excludes $0.16 from non-recurring items.

2. Missed revenue estimates. The company saw revenue figures of $445 million, missing our estimate of $458 million and declining -8.7% from the same period a year ago.

3. Free cash flow for the quarter was $4 million, an increase of $13 million from an outflow of $9 million for the first quarter of the prior year.

4. “We delivered a solid first quarter from an operational perspective, as both segments performed in line with our expectations despite the challenging macro-economic backdrop. Our results reflect continued focus on delivering our new program wins and cost control,” said Thomas A. Gendron, Chairman and Chief Executive Officer.

5. WWD was up a slight $0.01, or 0.02%, to $44.95 as of 3:59 PM ET in after hours trading shortly after its earnings report was released.

Here’s a graph that looks at Woodward’s long-term quarterly reported EPS:

Woodward Inc. (WWD – Analyst Report) Quarterly Reported EPS | FindTheCompany

Woodward is a company that designs, manufactures, provides service for energy control and optimization solutions used in global infrastructure equipment used in aerospace, power generation and distribution, and transportation markets. The company has four operating business segments: turbine systems, airframe systems, electrical power systems, and engine systems. Woodward was founded in 1870 and is headquartered in Fort Collins, Colorado.