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Woodward Reports Strong First Quarter Fiscal Year 2026 Results
Raising Sales and Earnings Guidance Based on First Quarter Outperformance FORT COLLINS, Colo., Feb. 02, 2026 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD)
About this update from Woodward, Inc.
[{"type":"text","content":"Raising Sales and Earnings Guidance Based on First Quarter Outperformance\nFORT COLLINS, Colo., Feb. 02, 2026 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD) today reported financial results for its first quarter ended December 31, 2025. All amounts are presented on an as reported (U.S. GAAP) basis unless otherwise indicated. All per share amounts are presented on a fully diluted basis. All comparisons are made to the same period of the prior year unless otherwise stated. All references to years are references to the Company’s fiscal year unless otherwise stated. First Quarter Overview First Quarter 2026Net sales $996M, +29%Net earnings $134M, +54%Earnings per share (EPS) $2.17, +53%Net cash provided by operating activities $114M, +$80MFree cash flow1 $70M, +$69M \"We delivered strong first quarter 2026 performance that exceeded our expectations,” said Chip Blankenship, Chairman and Chief Executive Officer. “Year-over-year growth was broad-based across both segments and reflected strong demand and disciplined execution by our global teams. In Aerospace, margin expansion was driven by higher mix of commercial services activity and robust defense OEM demand. Industrial performance was driven by strength in power generation, transportation, and oil and gas. Our focus on operational excellence continues to drive output improvements and more consistent execution across our portfolio. “Based on a strong start to the year, we are raising our full-year sales and earnings guidance. We remain focused on operational excellence and targeted innovation to deliver sustained profitable growth and long-term value for our shareholders.” First Quarter Fiscal Year 2026 Company Results Total Company Results(Dollars in millions, except per share amounts) Three Months Ended December 31, 2025 2024 Year over Year Income Statement Net sales$996 $773 29%Net earnings 134 87 54%Adjusted net earnings1*$134 $83 62%EPS$2.17 $1.42 53%Adjusted EPS1*$2.17 $1.35 61%EBIT 179 113 59%Adjusted EBIT1*$179 $107 67%Effective tax rate 20.9% 14.5%640 bps Adjusted effective tax rate1* 20.9% 14.0%690 bps Cash Flow and Financial Position Net cash provided by operating activities$114 $35 Capital expenditures44 34 Free cash flow 70 1 Dividends paid 17 15 Share repurchases 129 35 Total debt 888 902 EBITDA1leverage1.2x 1.5x * There were no adjustments to these measures in the fi...