Woodward, Inc. reported a consolidated net sales increase of 7.3% for the fiscal year ending September 30, 2025, reaching $3.57 billion, compared to $3.32 billion in the previous year. The Aerospace segment saw a significant rise in sales, contributing $2.31 billion, a 14% increase from $2.03 billion in 2024, primarily driven by price realization and higher sales volumes. In contrast, the Industrial segment experienced a decline in sales, totaling $1.25 billion, down 3.2% from $1.30 billion, largely due to reduced demand in the Chinese on-highway natural gas truck market.

The company's operating profit also improved, with consolidated net earnings rising to $442.1 million, or $7.19 per diluted share, compared to $373.0 million, or $6.01 per diluted share, in the prior year. The effective tax rate decreased to 15.2% from 17.8%, attributed to a reduction in the German corporate tax rate and lower projected future withholding taxes on unremitted foreign earnings. Adjusted net earnings, which exclude certain nonrecurring items, were $423.6 million, reflecting a growth from $379.1 million in the previous fiscal year.

Strategically, Woodward completed the acquisition of Safran Electronics and Defense Canada, Inc. in July 2025, enhancing its electromechanical actuation portfolio. The acquisition, valued at $41.7 million, is expected to contribute positively to the Aerospace segment. Additionally, the company reported a significant gain of $20.5 million from the divestiture of certain product lines, which is part of its ongoing product rationalization efforts.

Operationally, Woodward's workforce increased to approximately 10,200 employees, with about 30% located outside the United States. The company reported a backlog of $3.42 billion as of October 31, 2025, with 78% expected to be fulfilled by September 30, 2026. The Aerospace segment accounted for the majority of this backlog, reflecting strong demand for its products. Looking ahead, Woodward anticipates steady growth in both the Aerospace and Industrial segments, driven by increasing global air traffic and demand for power generation solutions, despite potential challenges in the Chinese market.

About Woodward, Inc.

Woodward, Inc. designs and manufactures control solutions for aerospace and industrial markets, including fuel, combustion, fluid, and motion control systems. Its products serve commercial, military, power generation, and transportation applications worldwide. The company focuses on energy efficiency, reliability, and emissions reduction, supporting OEMs and end users through innovative technology, global manufacturing, and aftermarket services, with a competitive edge in advanced control systems and integrated solutions.

This description was generated via AI from an annual report. Updated 8 months ago.

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