Woodward, Inc. reported third-quarter fiscal 2026 results with revenue of $1109705 and diluted EPS of $2.4, marking year‑over‑year gains alongside higher net income as the company benefited from stronger Aerospace and Industrial volumes and pricing.
Financial Highlights
- Revenue was $1,109,705 for 3Q FY2026, compared with $915,446 in the year‑ago quarter; YoY change 21.2%.
- Net income was $146,675 for 3Q FY2026, compared with $108,448 in the year‑ago quarter; YoY change 35.3%.
- Diluted EPS was $2.40 for 3Q FY2026, compared with $1.76 in the year‑ago quarter; YoY change 36.4%.
Business Highlights
- Consolidated net sales rose 21.2% in the quarter and 24.3% year‑to‑date, driven by higher Aerospace and Industrial volume and pricing.
- Aerospace benefited from increased commercial OEM production and stronger commercial services; Defense results varied by program timing.
- Segment margins improved in the quarter — Aerospace at 24.0% and Industrial at 22.1% — reflecting price realization and higher volumes.
- Management approved the wind‑down of the China on‑highway truck business and recorded restructuring charges; the wind‑down is expected to complete in FY2026.
- Woodward is investing in manufacturing automation and a new precision facility in Greer, SC to support anticipated Aerospace growth.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.