Core Viewpoint - The partnership between Women's Wear Daily (WWD) and OUTFRONT Media aims to celebrate National Hispanic Heritage Month 2025 through a nationwide billboard campaign highlighting legendary Hispanic fashion designers, emphasizing inclusion and creativity in the fashion industry [1][2][3]. Group 1: Campaign Overview - The campaign launched in Times Square and runs nationwide from September 15 to October 15, 2025, showcasing designers recognized in WWD's 115th Anniversary Issue [2]. - The campaign aligns with the 2025 National Hispanic Heritage Month theme, "Collective Heritage: Honoring the Past, Inspiring the Future," focusing on the achievements of legendary designers [5]. Group 2: Organizational Commitment - WWD's CEO Amanda Smith stated that the campaign honors the legacy of Hispanic designers whose artistry has significantly influenced the fashion industry [3]. - OUTFRONT Media's Vice President of Marketing, Liz Rave, expressed pride in using OUTFRONT's platform to spotlight these designers, highlighting their talent and creativity [4]. Group 3: Cultural Impact - The collaboration between WWD and OUTFRONT Media represents an innovative approach to delivering culturally relevant content, reinforcing the importance of diverse narratives in public spaces [6]. - The campaign aims to inspire future generations of designers by showcasing the enduring contributions of Hispanic designers to global fashion [3][6].

Core Insights - Woodward, Inc. plans to build a 300,000-square-foot precision manufacturing facility in Greer, South Carolina, focusing on servo-hydraulic actuation systems for aerospace applications, particularly for the Airbus A350 [1][2] - The facility is expected to create approximately 275 high-quality jobs in manufacturing, engineering, and business operations, with potential for future workforce expansion [3][5] - The company will invest nearly $200 million in the development of the site, supported by incentives from the State of South Carolina and local economic development organizations [5][6] Company Strategy - The new facility represents a strategic investment for Woodward, enhancing its capabilities in producing critical flight control systems that improve aircraft performance and safety [2][4] - The site will serve as a showcase for advanced manufacturing techniques, emphasizing operational excellence developed through previous aircraft engine programs [4][5] - The investment aims to solidify Woodward's position in the aerospace market and expand its customer base beyond Airbus [5] Economic Impact - The establishment of the facility is expected to have a significant positive impact on the local economy in Spartanburg County, creating new job opportunities and fostering economic growth [6] - The decision to locate in South Carolina highlights the state's strong manufacturing infrastructure and access to skilled aerospace talent [5][6]

Core Insights - The Aerospace Forum aims to identify investment opportunities within the aerospace, defense, and airline sectors, leveraging data analytics for informed decision-making [2]. Group 1 - The Aerospace Forum is recognized as a leading investment research service focused on the aerospace, defense, and airline industries [1]. - The group is led by an analyst with a background in aerospace engineering, providing context and analysis on industry developments and their potential impact on investment strategies [2]. - The service includes access to proprietary data analytics tools, enhancing the ability to monitor and analyze market trends [2].

Group 1 - GE Aerospace is one of 58 companies in the Aerospace group, which is currently ranked 8 within the Zacks Sector Rank [2] - GE Aerospace has a Zacks Rank of 1 (Strong Buy), indicating strong analyst sentiment and an improving earnings outlook, with a 6.6% increase in the consensus estimate for full-year earnings over the past three months [3] - Year-to-date, GE Aerospace has returned 59.4%, significantly outperforming the average gain of 24.6% for Aerospace stocks [4] Group 2 - GE Aerospace is part of the Aerospace - Defense industry, which consists of 24 companies and is currently ranked 95 in the Zacks Industry Rank, with an average gain of 25.7% this year [5] - Woodward, another outperforming stock in the Aerospace sector, has increased by 47.2% year-to-date and also holds a Zacks Rank of 1 (Strong Buy) [4] - The Aerospace - Defense Equipment industry, which includes Woodward, has 33 stocks and is ranked 161, with a year-to-date increase of 22% [6]

Core Points - Dodge is launching its new 2026 model year muscle car lineup during the Woodward Cruise weekend in Metro Detroit, featuring the SIXPACK-powered Dodge Charger Scat Pack, Dodge Durango SRT Hellcat Jailbreak, and 5.7-liter HEMI®-powered Dodge Durango GT [1][3][6] Product Highlights - The 2026 Dodge Charger Scat Pack features a twin-turbocharged SIXPACK engine with 550 horsepower, achieving 0-60 mph in 3.9 seconds and a quarter-mile time of 12.2 seconds, with a top speed of 177 mph [7] - The all-electric Dodge Charger Daytona Scat Pack boasts 670 horsepower and accelerates from 0-60 mph in 3.3 seconds, making it the most powerful vehicle in the industry under $60,000 [6][9] - The Dodge Durango SRT Hellcat Jailbreak offers over six million customization combinations and is powered by a supercharged 6.2-liter HEMI Hellcat V-8 engine [7][9] - All 2026 Dodge Durango models will come standard with a HEMI V-8 engine, marking a significant shift in the lineup [7] Event Details - Dodge will collaborate with the Modern Street HEMI Shootout car club for the fifth consecutive year at the Woodward Cruise, which attracts over a million automotive enthusiasts [3][4] - The Dodge display will be located at St. George Greek Orthodox Church in Bloomfield Township, open from 10 a.m. to 6 p.m. on August 16 [5] Brand Legacy - Dodge has a 111-year history, continuing the legacy of its founders, John and Horace Dodge, and is recognized as America's performance brand [8][10]

Core Insights - Chrysler celebrates its 100th anniversary, emphasizing its legacy of automotive innovation and commitment to customers [1][2][3] - The final chapter of the "Century of Innovation" video series, titled "Chrysler's Future: Harmony in Motion," showcases the brand's future direction [4][5] Company Overview - Chrysler has been a leader in automotive innovation for a century, known for iconic designs and engineering breakthroughs [1][2][3] - The brand's future will focus on simplicity, sustainability, and customer-centric innovation, integrating technology and design [4][10] Future Product Plans - Upcoming vehicles include a refreshed Chrysler Pacifica in 2026, a new crossover, and a third product inspired by the Halcyon concept [4][10] - The Chrysler Pacifica, recognized as the most awarded minivan, features a Plug-in Hybrid variant achieving 82 MPGe and an all-electric range of 32 miles [11] Marketing and Engagement - The "Century of Innovation" video series is part of Chrysler's yearlong centennial celebration, available on various social media platforms [5][6] - Chrysler is engaging fans through events like the Woodward Cruise, showcasing historical vehicles and future innovations [8][10]

Leadership Changes - Woodward, Inc. announced key leadership changes to enhance growth, innovation, and operational excellence, effective October 1, 2025 [1] - Shawn McLevige has been appointed as President of Woodward's Aerospace Segment, reporting directly to Chip Blankenship, Chairman and CEO [2][7] - Terry Voskuil, the current President of the Aerospace segment, will transition to Chief Technology Officer for Aerospace, bringing over 36 years of experience at Woodward [5][7] Background of New Leaders - Shawn McLevige joined Woodward in 2008 and has held various leadership roles, including Vice President and General Manager of Engine and Turbine Fluid Systems [3] - Terry Voskuil has been with Woodward since 1989, contributing significantly to the success of key programs like LEAP and GTF [5] - Alison Seward has been appointed Vice President and General Manager of Engine and Turbine Fluid Systems for the Industrial segment, having previously served as Vice President of Quality [6] Company Vision and Strategy - Chip Blankenship emphasized the importance of these leadership changes in creating shareholder value and responding to robust customer demand [7] - Woodward aims to design and deliver energy control solutions that support a clean future, focusing on innovation in fluid, combustion, electrical, propulsion, and motion control systems [8]

Company Overview - Woodward (WWD) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2][11] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to the market [3][11] Price Performance - Over the past week, WWD shares increased by 0.79%, while the Zacks Aerospace - Defense Equipment industry declined by 2.14% [5] - In the last quarter, WWD shares rose by 28.99%, and over the past year, they increased by 70.05%, significantly outperforming the S&P 500, which moved 11.71% and 19.86% respectively [6] Trading Volume - WWD's average 20-day trading volume is 597,135 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Estimates - In the past two months, three earnings estimates for WWD have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $6.24 to $6.43 [9] - For the next fiscal year, three estimates have also moved upwards without any downward revisions [9] Conclusion - Considering the positive price movements, trading volume, and earnings estimate revisions, WWD is positioned as a strong buy candidate with a Momentum Score of A [11]

[PART I – FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents Woodward, Inc.'s unaudited Condensed Consolidated Financial Statements for the quarter ended June 30, 2025, including earnings, balance sheets, cash flows, and equity, with detailed accounting notes [Condensed Consolidated Statements of Earnings](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Earnings) Consolidated Earnings Summary (in thousands, except per share amounts) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Nine Months Ended June 30, 2025 | Nine Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net sales** | $915,446 | $847,688 | $2,571,800 | $2,469,761 | | **Earnings before income taxes** | $126,836 | $122,096 | $361,653 | $352,440 | | **Net earnings** | $108,448 | $102,075 | $304,488 | $289,675 | | **Diluted earnings per share** | $1.76 | $1.63 | $4.96 | $4.65 | [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Balance Sheet Summary (in thousands) | Metric | June 30, 2025 | September 30, 2024 | | :--- | :--- | :--- | | **Cash and cash equivalents** | $473,159 | $282,270 | | **Total current assets** | $2,061,157 | $1,743,611 | | **Total assets** | $4,711,850 | $4,368,915 | | **Total current liabilities** | $1,010,198 | $923,510 | | **Total liabilities** | $2,243,284 | $2,192,499 | | **Total stockholders' equity** | $2,468,566 | $2,176,416 | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Cash Flow Summary (in thousands) | Metric | Nine Months Ended June 30, 2025 | Nine Months Ended June 30, 2024 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $237,976 | $297,329 | | **Net cash (used in) investing activities** | $(27,518) | $(68,239) | | **Net cash (used in) financing activities** | $(26,126) | $(58,970) | | **Net change in cash and cash equivalents** | $190,889 | $170,885 | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Detailed notes disclose accounting policies, revenue recognition, segment performance, acquisitions, divestitures, and debt, highlighting revenue disaggregation and segment earnings analysis - On December 19, 2024, Woodward agreed to acquire Safran Electronics & Defense's electromechanical actuation business, which closed on July 21, 2025, for an aggregate cash consideration of **$45,809**[66](index=66&type=chunk) - During the nine months ended June 30, 2025, the company sold certain product lines, including its heavy-duty gas turbine combustion parts, for cash proceeds of **$48,043** and recognized a pretax gain of **$20,524**[69](index=69&type=chunk) Revenue by Reportable Segment (in thousands) | Segment | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Nine Months Ended June 30, 2025 | Nine Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | **Aerospace** | $595,990 | $517,560 | $1,651,601 | $1,475,828 | | **Industrial** | $319,456 | $330,128 | $920,199 | $993,933 | | **Total** | **$915,446** | **$847,688** | **$2,571,800** | **$2,469,761** | Segment Earnings (in thousands) | Segment | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Nine Months Ended June 30, 2025 | Nine Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | **Aerospace** | $125,740 | $101,842 | $345,081 | $279,295 | | **Industrial** | $47,622 | $59,717 | $133,786 | $191,842 | [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=30&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q3 2025 financial performance, noting an **8.0%** consolidated net sales increase driven by Aerospace, offset by Industrial segment declines, and covers segment results, liquidity, and non-GAAP reconciliations [Results of Operations](index=32&type=section&id=Results%20of%20Operations) Consolidated net sales increased **8.0%** in Q3 and **4.1%** year-to-date, driven by Aerospace growth and price realization, partially offset by Industrial segment declines and a nine-month gross margin decrease Change in Consolidated Net Sales (in thousands) | Description | Three-Month Period | Nine-Month Period | | :--- | :--- | :--- | | **Net sales for period ended June 30, 2024** | $847,688 | $2,469,761 | | Aerospace volume | $32,955 | $47,836 | | Industrial volume | $(36,819) | $(118,441) | | Effects of changes in price | $62,308 | $171,243 | | Effects of changes in foreign currency rates | $9,314 | $1,401 | | **Net sales for period ended June 30, 2025** | **$915,446** | **$2,571,800** | - The company has experienced and expects continued significant sales and earnings decreases in its China on-highway natural gas truck business in fiscal year 2025 compared to 2024[138](index=138&type=chunk) - Selling, general, and administrative (SG&A) expenses increased **20.2%** in Q3 2025 year-over-year, primarily due to higher project-related costs and payroll expenses[143](index=143&type=chunk) [Segment Results](index=35&type=section&id=Segment%20Results) Aerospace segment net sales rose **15.2%** in Q3 with earnings up **23.5%**, while Industrial segment net sales decreased **3.2%** with earnings down **20.3%**, primarily due to China on-highway volume Aerospace Segment Performance | Metric | Q3 2025 | Q3 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net Sales** | $595,990 | $517,560 | $1,651,601 | $1,475,828 | | **Segment Earnings** | $125,740 | $101,842 | $345,081 | $279,295 | | **Earnings as % of Sales** | 21.1% | 19.7% | 20.9% | 18.9% | Industrial Segment Performance | Metric | Q3 2025 | Q3 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net Sales** | $319,456 | $330,128 | $920,199 | $993,933 | | **Segment Earnings** | $47,622 | $59,717 | $133,786 | $191,842 | | **Earnings as % of Sales** | 14.9% | 18.1% | 14.5% | 19.3% | [Liquidity and Capital Resources](index=38&type=section&id=Liquidity%20and%20Capital%20Resources) As of June 30, 2025, the company held **$473.2 million** in cash and **$932.9 million** in debt, with operating cash flow decreasing to **$238.0 million** and free cash flow to **$159.4 million** due to increased working capital Key Liquidity Metrics (as of June 30, 2025) | Metric | Amount (in thousands) | | :--- | :--- | | **Cash and cash equivalents** | $473,159 | | **Total outstanding debt** | $932,871 | | **Borrowing availability under revolving credit facility** | $639,138 | Free Cash Flow Reconciliation (in thousands) | Metric | Nine Months Ended June 30, 2025 | Nine Months Ended June 30, 2024 | | :--- | :--- | :--- | | **Net cash provided by operating activities (U.S. GAAP)** | $237,976 | $297,329 | | **Payments for property, plant and equipment** | $(78,537) | $(72,193) | | **Free cash flow (Non-U.S. GAAP)** | **$159,439** | **$225,136** | - For the nine months ended June 30, 2025, the company repurchased **$124.3 million** of its common stock, compared to **$304.8 million** in the same period of the prior year[176](index=176&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=42&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Market risk exposures, including interest rate, foreign currency, and commodity price risks, remain materially unchanged from the prior Form 10-K disclosure - Market risks related to interest rates, foreign currency, and raw material costs have not materially changed since the last Form 10-K filing[193](index=193&type=chunk) [Controls and Procedures](index=42&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls and procedures were deemed effective as of June 30, 2025, with no material changes to internal controls over financial reporting during the quarter - Management, including the CEO and CFO, evaluated disclosure controls and procedures and concluded they were effective at a reasonable assurance level as of June 30, 2025[196](index=196&type=chunk) - No material changes to internal controls over financial reporting occurred during the quarter ended June 30, 2025[197](index=197&type=chunk) [PART II – OTHER INFORMATION](index=43&type=section&id=PART%20II%20%E2%80%93%20OTHER%20INFORMATION) [Legal Proceedings](index=43&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in routine legal proceedings, which management expects will not materially impact financial condition or results of operations - The company is involved in routine litigation and claims, but management does not expect these to have a material financial impact[199](index=199&type=chunk)[200](index=200&type=chunk) [Risk Factors](index=43&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the risk factors previously disclosed in the company's most recent Annual Report on Form 10-K have occurred - Risk factors disclosed in the most recent Form 10-K have not materially changed[201](index=201&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=43&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the company's equity security repurchases during Q3 fiscal 2025, totaling **231,046 shares** under its authorized program Issuer Purchases of Equity Securities (April 1, 2025 - June 30, 2025) | Period | Total Shares Purchased | Weighted Avg. Price Paid | Approx. Dollar Value Remaining for Purchase | | :--- | :--- | :--- | :--- | | **April 2025** | 108,208 | $173.95 | $110,892,000 | | **May 2025** | 61,438 | $192.90 | $99,049,000 | | **June 2025** | 61,400 | $230.35 | $84,905,000 | - In January 2024, the Board authorized a three-year, **$600 million** share repurchase program[205](index=205&type=chunk) [Other Information](index=44&type=section&id=Item%205.%20Other%20Information) No directors or officers adopted or terminated Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during Q3 fiscal 2025 - No directors or officers adopted or terminated Rule 10b5-1 trading plans during the three months ended June 30, 2025[205](index=205&type=chunk) [Exhibits](index=45&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including officer certifications and Inline XBRL financial data files - Exhibits filed include Rule 13a-14(a)/15d-14(a) certifications by the CEO and CFO, Section 1350 certifications, and Inline XBRL financial data[208](index=208&type=chunk)[211](index=211&type=chunk)

Core Viewpoint - Woodward Inc. announced a significant partnership with Airbus for the A350 project, leading to an increase in capital expenditure plans and an upward revision of sales and EPS guidance for 2025 [1] Group 1: Company Performance - Woodward reported record high sales and earnings for the third quarter, driven by strong demand in the aerospace and industrial sectors [1] - The company's stock price rose approximately 2% following the announcement of the Airbus collaboration and updated financial guidance [1] Group 2: Strategic Moves - The recent acquisition of Safran Group's North American electromechanical actuation business further solidifies Woodward's position in the aerospace market [1]