Woodward Earnings Call Transcripts
Fiscal Year 2026
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Record Q2 sales and earnings led to raised full-year guidance, with both aerospace and industrial segments achieving double-digit growth. Strategic acquisitions, divestitures, and capacity investments support long-term expansion, while robust demand and operational improvements drive margin gains.
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First quarter 2026 delivered 29% sales growth and 54% EPS growth, driven by strong aerospace and industrial demand, with robust commercial services and margin expansion. Full-year sales and EPS guidance were raised, while supply chain and inventory challenges persist.
Fiscal Year 2025
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Record revenue and earnings driven by strong aerospace and industrial performance, with robust growth in defense OEM and commercial services. FY2026 guidance projects continued sales and margin expansion, supported by strategic investments in automation and new facilities.
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Q3 delivered record sales and EPS, driven by strong aerospace and core industrial growth. Guidance for FY2025 was raised, with major wins including the Airbus A350 spoiler actuator and Safran acquisition, while increased CapEx and working capital are planned to support future growth.
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Q2 net sales rose 6% to $884M and adjusted EPS grew 4%, with strong aerospace and defense demand offsetting China on-highway weakness. FY25 sales and EPS guidance were raised, with robust defense OE and moderating commercial aftermarket growth expected in H2.
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Q1 2025 saw strong demand and operational improvements, with aerospace and core industrial growth offsetting a decline in China on-highway sales. Guidance for 2025 is reaffirmed, with adjusted EPS expected between $5.85 and $6.25, and continued focus on supply chain, automation, and strategic M&A.
Fiscal Year 2024
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Record annual revenue and earnings were achieved, driven by strong aerospace and industrial performance, though China on-highway sales are expected to decline sharply in 2025. Aerospace is forecast to grow 6–13% with expanding margins, while core industrial remains resilient despite segment headwinds.
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The company is experiencing strong growth in aerospace and industrial markets, with significant aftermarket and legacy fleet strength. Margin expansion is driven by price increases and operational improvements, while supply chain stability and automation support future capacity. Capital allocation remains balanced, with ongoing R&D and shareholder returns.
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Management highlighted strong aerospace and industrial growth prospects, driven by new engine content, operational excellence, and disciplined capital deployment. Supply chain and China On-Highway volatility are being managed, with margin expansion and automation as ongoing priorities.
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Q3 2024 saw 6% sales growth, strong aerospace aftermarket, and robust free cash flow. Industrial segment growth was tempered by China On-Highway volatility, prompting a guidance revision. FY2024 outlook remains solid with raised EPS and margin guidance.