Woodward, Inc. (NASDAQ: WWD) reported first-quarter fiscal 12 months 2026 outcomes on February 2, 2026, with consolidated web gross sales of $996 million, up 29 p.c year-over-year from $773 million in Q1 FY2025. Consolidated web earnings reached $134 million in Q1 FY2026, up 54 p.c from $87 million within the prior 12 months interval. The corporate raised its full-year fiscal 2026 gross sales and earnings steering primarily based on first-quarter outperformance.
Market Capitalization
Woodward had a market capitalization of roughly $13-14 billion as of February 3, 2026.
Q1 FY2026 Outcomes
Woodward reported consolidated web gross sales of $996 million for Q1 FY2026, representing 29 p.c year-over-year progress. Consolidated web earnings totaled $134 million, in comparison with $87 million in Q1 FY2025, a rise of 54 p.c. Working money move reached $114 million, up $80 million from Q1 FY2025. Free money move totaled $70 million, up $69 million year-over-year.
Earnings earlier than earnings taxes reached $169 million in Q1 FY2026, in comparison with $102 million in Q1 FY2025. The efficient tax fee was 20.9 p.c in Q1 FY2026, in comparison with 14.5 p.c in Q1 FY2025. The rise in tax fee was as a result of prior 12 months discrete tax advantages not recurring. EBIT for Q1 FY2026 totaled $179 million, up 59 p.c year-over-year.
Section Efficiency
The Aerospace section reported Q1 FY2026 gross sales of $635 million, up 29 p.c from $494 million in Q1 FY2025. Section earnings reached $148 million with a section margin of 23.4 p.c, in comparison with 19.2 p.c within the prior 12 months interval. Business OEM gross sales grew 22 p.c to $188 million, Business companies elevated 50 p.c to $245 million, Protection OEM gross sales rose 23 p.c to $138 million, and Protection companies have been up 1 p.c to $64 million.
The Industrial section reported Q1 FY2026 gross sales of $362 million, up 30 p.c from $279 million in Q1 FY2025. Section earnings totaled $67 million with a section margin of 18.5 p.c, in comparison with 14.4 p.c within the prior 12 months interval. Transportation gross sales elevated 55 p.c to $166 million, Energy era gross sales rose 7 p.c to $123 million, and Oil and gasoline gross sales grew 28 p.c to $72 million.
Fiscal Yr 2026 Steerage
Primarily based on first-quarter outperformance, Woodward raised its fiscal 2026 steering. The corporate now initiatives full-year gross sales progress of 14 to 18 p.c, up from prior steering of seven to 12 p.c progress. Free money move is projected at $300 to $350 million, in line with prior steering. Capital expenditures are anticipated to be roughly $290 million.
For the Aerospace section, revised steering initiatives gross sales progress of 15 to twenty p.c, up from 9 to fifteen p.c. Section earnings margin is predicted to be 22 to 23 p.c. For the Industrial section, revised steering initiatives gross sales progress of 11 to 14 p.c, up from 5 to 9 p.c. Section earnings margin is predicted to develop to 16 to 17 p.c, up from prior steering of 14.5 to fifteen.5 p.c.
Quarterly Internet Gross sales Development
3-Month Buying and selling Quantity Development
Enterprise and Operations Replace
Woodward is the worldwide chief within the design, manufacture, and repair of power conversion and management options for the aerospace and industrial tools markets. The corporate serves prospects in industrial aerospace, protection, energy era, transportation, and oil and gasoline sectors. First-quarter efficiency benefited from operational excellence initiatives and elevated output throughout the manufacturing portfolio.
Woodward is executing centered efforts on provide chain alignment to assist steady stock ranges and predictable part availability. The corporate is implementing improved stock administration and pursuing capability growth efforts to satisfy sustained demand. Elevated companies choices throughout each segments are contributing to income progress and margin growth.
Strategic Developments
Woodward continues to execute its strategic capital allocation technique, which incorporates investments in operational excellence and focused innovation. The corporate returned $146 million to shareholders by dividends of $17 million and share repurchases of $129 million within the first quarter. Capital expenditures of $44 million have been deployed to assist progress initiatives and operational enhancements.
Woodward is executing its dedication to wind-down its China on-highway pure gasoline truck enterprise. The corporate maintains deal with core progress markets in industrial aerospace, protection, and industrial functions the place it holds differentiated market positions.
Outlook
Woodward expects sustained progress all through fiscal 2026 primarily based on sturdy demand throughout aerospace and industrial finish markets. The corporate anticipates continued margin growth pushed by value realization, favorable product combine, and operational effectivity beneficial properties. What to observe for contains execution of provide chain stabilization efforts, profitable capability growth initiatives, and the influence of ongoing restructuring.
The corporate assumes continued sturdy demand in industrial aerospace companies, strong protection OEM demand, and progress in transportation and energy era. Woodward expects to ship sustained worthwhile progress by operational excellence, focused innovation, and disciplined capital allocation.
Efficiency Abstract
Woodward reported Q1 FY2026 web gross sales of $996 million, up 29 p.c year-over-year. Internet earnings reached $134 million, a 54 p.c improve from the prior 12 months interval. The Aerospace section grew 29 p.c to $635 million in gross sales with 23.4 p.c margins; the Industrial section grew 30 p.c to $362 million with 18.5 p.c margins. Working money move totaled $114 million with free money move of $70 million. Woodward raised fiscal 2026 gross sales progress steering to 14-18 p.c and raised free money move projections. The corporate returned $146 million to shareholders by capital returns.
Commercial
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