Woodward, Inc. · NASDAQ:WWD

Woodward — Q3 FY2026 Earnings Presentation

21 slides from Woodward's earnings presentation, Jul 29, 2026

  1. Slide 1: Woodward Reports Third Quarter Fiscal Year 2026 Results

    Woodward Reports Third Quarter Fiscal Year 2026 Results July 29, 2026

  2. Slide 2: Caution Concerning Forward-Looking Statements

    Caution Concerning Forward-Looking Statements: Certain statements in this presentation and other oral statements made by Woodward from time to time related to this presentation are forward-looking statements, including those that refer to projections of our future performance, guidance measures, cap

  3. Slide 3: Outstanding Sales & Earnings Performance in Q3 FY26

    Outstanding Sales & Earnings Performance in Q3 FY26 ADJUSTED NET CASH FREE CASH NET SALES EPS1 FROM FLOW1 +21% +43% OPERATIONS -12% $2.40 EPS +36% +17% $1.1B $2.52 $147M $99M $0.9B $1.76 $126M $87M Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 › Strong commercial Aerospace sales, s

  4. Slide 4: Driving Shareholder Value Through Execution on Strategic Pillars

    Driving Shareholder Value Through Execution on Strategic Pillars OPERATIONAL GROWTH INNOVATION EXCELLENCE › Expanded global LEAP repair › Lean Transformation starting to › Continuing investments for network through new MRO drive productivity future growth license agreement improvements › Preparing f

  5. Slide 5: Aerospace Sales Increase 19%, Margins Expand 290 bps

    Aerospace Sales Increase 19%, Margins Expand 290 bps Sales Earnings & Margin Percent $703M $709M $158M $170M $126M +19% $596M YOY 24.0% 22.5% 21.1% Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Based on YOY Comparisons › Earnings Margin +290 bps YOY › +34% Commercial OEM: Increasing aircraft build

  6. Slide 6: Industrial Sales Increase 26%, Margins Expand 720 bps

    Industrial Sales Increase 26%, Margins Expand by 720 bps Sales Earnings & Margin Percent $401M $88M $387M $319M $66M +26% $48M YOY 22.1% 17.0% 14.9% Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Based on YOY Comparisons › Earnings Margin +720 bps YOY › +40% Transportation Sales: Strong demand in m

  7. Slide 7: Capital Allocation

    Capital Allocation Investing for Growth, Selectively Pursuing M&A, & Returning Capital to Shareholders Cash Generation Capital Return Leverage Portfolio $352M $608M 1.6x EBITDA1 Management Q3 YTD Net Cash from Q3 YTD Capital Return Low EBITDA Positioning for Operations to Shareholders Leverage1 Long

  8. Slide 8: Increasing Fiscal Year 2026 Earnings Guidance

    Increasing Fiscal Year 2026 Earnings Guidance Metric Prior Revised Sales Growth Up 20% - 23% no change Adjusted EPS3 $9.15 - $9.45 $9.30 - $9.50 Free Cash Flow3 $300 - $350M no change Woodward Capital Expenditures ~$290M no change Shares ~61.5M no change Adjusted Effective Tax Rate3 ~22% ~22.5% Sale

  9. Slide 9: Upcoming Calendar

    Upcoming Calendar Fourth Quarter Fiscal Year 2026 Earnings Call Anticipated November 18, 2026 | 5:00PM Eastern Time First Quarter Fiscal Year 2027 Earnings Anticipated February 1, 2027 | 5:00PM Eastern Time 2027 Investor Day – Lotte Palace, New York City Anticipated March 4, 2027 9 © WOODWARD, INC.

  10. Slide 10: Appendix

    Appendix

  11. Slide 11: Q3 FY26 Sales & Adjusted EPS Bridges

    Q3 FY26 Sales & Adjusted EPS Bridges Sales ($M) Adjusted EPS $0.14 $0.36 $24 $1,110 $2.52 $58 $0.54 $(0.28) $113 ↑ 142.1% ↑ 21.2% $1.76 $915 ↑ 19.2% ↑ 18.9% Q3 FY25 Actual Aerospace Core Industrial Industrial Q3 FY26 Actual Q3 FY25 Adjusted Aerospace Core Industrial Tax and Q3 FY26 Adjusted On-Highw

  12. Slide 12: Q3 YTD FY26 Sales & Adjusted EPS Bridges

    Q3 YTD FY26 Sales & Adjusted EPS Bridges Sales ($M) Adjusted EPS $0.42 $176 $53 $3,197 $0.65 $6.96 $395 $1.61 $(0.52) $2,572 ↑ 113.3% ↑ 24.3% $4.80 ↑ 20.2% ↑23.9% Q3 YTD Aerospace Core Industrial Industrial Q3 YTD Q3 YTD Aerospace Core Industrial Tax and Q3 YTD FY25 Actual On-Highway FY26 Actual FY2

  13. Slide 13: Reconciliations

    Non-U.S. GAAP Reconciliations Woodward, Inc. and Subsidiaries​ Reconciliation of Net Earnings and EPS to Adjusted Net Earnings 1​ and Adjusted EPS 1 (Unaudited – In thousands, except per share amounts) Three Months Ended June 30, 2026 2025 Earnings​ Per Earnings​ Per Net Earnings​ Net Earnings​ Shar

  14. Slide 14: Reconciliations

    Non-U.S. GAAP Reconciliations Woodward, Inc. and Subsidiaries​ Reconciliation of Net Earnings and EPS to Adjusted Net Earnings 1​ and Adjusted EPS 1 (Unaudited – In thousands, except per share amounts) Nine Months Ended June 30, 2026 2025 Earnings​ Per Earnings​ Per Net Earnings​ Net Earnings​ Share

  15. Slide 15: Reconciliations

    Non-U.S. GAAP Reconciliations Woodward, Inc. and Subsidiaries​ Woodward, Inc. and Subsidiaries​ Reconciliation of Net Earnings to EBIT 1 and Adjusted EBIT1​ 1 Reconciliation of Net Earnings to EBIT and Adjusted EBIT 1​ (Unaudited – In thousands) (Unaudited – In thousands) Three Months Ended June 30,

  16. Slide 16: Reconciliations

    Non-U.S. GAAP Reconciliations Woodward, Inc. and Subsidiaries​ Woodward, Inc. and Subsidiaries​ Reconciliation of Net Earnings to EBITDA 1 and Adjusted EBITDA1​ Reconciliation of Net Earnings to EBITDA 1 and Adjusted EBITDA1​ (Unaudited – In thousands) (Unaudited – In thousands) Three Months Ended J

  17. Slide 17: Reconciliations

    Non-U.S. GAAP Reconciliations Woodward, Inc. and Subsidiaries​ Woodward, Inc. and Subsidiaries​ Reconciliation of Income Tax Expense ​ Reconciliation of Income Tax Expense ​ to Adjusted Income Tax Expense 1 1 to Adjusted Income Tax Expense (Unaudited – In thousands) (Unaudited – In thousands) Three

  18. Slide 18: Reconciliations

    Non-U.S. GAAP Reconciliations Woodward, Inc. and Subsidiaries​ Woodward, Inc. and Subsidiaries​ Reconciliation of Industrial Net Sales​ Reconciliation of Industrial Net Sales​ (Unaudited – In thousands) (Unaudited – In thousands) Three Months Ended June 30, Nine Months Ended June 30, 2026 2025 2026

  19. Slide 19: Reconciliations

    Non-U.S. GAAP Reconciliations Woodward, Inc. and Subsidiaries​ 1 Reconciliation of Net Earnings to EBITDA ​ (Unaudited – In thousands) Twelve Months Ended June 30, 2026 2025 Net earnings (U.S. GAAP)​ $ 552,029 $ 387,783 Income tax expense 137,818 75,401 Interest expense 47,431 48,941 Interest income

  20. Slide 20: Measures

    Non-U.S. GAAP Measures 1Adjusted and Non-U.S. GAAP Financial Measures: Adjusted net earnings, adjusted earnings per share, adjusted income tax expense, adjusted effective tax rate, adjusted EBIT, adjusted EBITDA, and adjusted nonsegment expenses exclude, as applicable, (i) product rationalization, (

  21. Slide 21: Powering a clean future

    Powering a clean future ANS WOODWARD

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