10-Q · May 1, 2025
Woodward reported quarterly revenue of $883,629,000 (up $48,286,000 vs. Q2 prior year) and diluted EPS of $1.78 (vs. $1.56 prior year). Aerospace was the primary growth driver (Aerospace sales $561,729,000 vs.…
Earnings analysis · 10-Q
WWD earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
Woodward, Inc. delivered impressive Q2 results with a 23.4% increase in revenue to $1.09 billion and an EPS of $2.27, exceeding expectations. This strong performance was driven by substantial growth in both the…
Read full summary
Woodward, Inc. delivered impressive Q2 results with a 23.4% increase in revenue to $1.09 billion and an EPS of $2.27, exceeding expectations. This strong performance was driven by substantial growth in both the Aerospace and Industrial segments, prompting management to raise full-year guidance.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.27
- Gross margin
- 29.0%
What stood out
-
Strong Revenue Growth
Revenue surged by 23.4% year-over-year, reaching $1.09 billion.
-
Exceeds EPS Expectations
Reported EPS of $2.27, compared to estimates of $2.07, an increase of 27.5% from $1.78 in the prior year.
-
Improved Margins
Gross margin increased to 29.0%, up from 27.2%, reflecting better pricing and cost management.
-
Aerospace Segment Growth
Aerospace segment revenue rose by 24.8% to $703.3 million compared to $561.7 million last year.
-
Industrial Segment Performance
Industrial segment also grew, reporting $387.2 million in revenue, up from $321.9 million, a 20.2% increase.
-
Cash Flow Improvement
Free cash flow for the first half was $108.5 million, up from $60.4 million last year, indicating enhanced financial health.
What to watch
-
Increased Restructuring Charges
Restructuring charges amounted to $6.8 million in Q2, reflecting ongoing adjustments in business operations.
-
Free Cash Flow Decline in Q1
Free cash flow dropped to $70 million in Q1 from $181 million in Q4 2025, raising liquidity concerns.
-
Rising Debt Levels
Total debt increased to $1.12 billion from $702.2 million as of September 30, 2025, indicating a higher leverage ratio.
Management's outlook
Management raised full-year guidance based on strong demand and performance.
Earlier filings 4
10-Q · February 4, 2025
Woodward reported quarterly net sales of $772,725,000 (down $14,005,000 or 1.8% vs. $786,730,000) with diluted EPS of $1.42 (down $0.04 vs. $1.46). Aerospace grew while Industrial weakened; operating margin compressed…
10-K · November 26, 2024
Woodward emphasizes its strategy of providing energy control and optimization solutions to Aerospace and Industrial OEMs and aftermarket customers, leveraging long certification cycles and deep customer collaboration as…
10-Q · August 2, 2024
Woodward reported quarterly revenue of $847,688,000 and diluted EPS of $1.63 for the three months ended June 30, 2024, both higher than the prior-year quarter. Aerospace and Industrial segments both grew (Aerospace to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.