Core Insights - Woodward, Inc. raised its 2025 sales and earnings guidance due to strong year-to-date performance and a positive outlook for the fourth quarter [1][5] - The company reported third-quarter net sales of $915 million, an 8% increase year-over-year, and year-to-date sales of $2.6 billion, a 4% increase [4][6] - Net earnings for the third quarter were $108 million, up 6% from the previous year, with earnings per share (EPS) of $1.76, an 8% increase [4][6] Financial Performance - Third-quarter net sales reached $915 million, compared to $848 million in the same quarter last year, marking an 8% increase [4][6] - Year-to-date net sales totaled $2.6 billion, up 4% from $2.47 billion in the prior year [4][6] - Net earnings for the third quarter were $108 million, a 6% increase from $102 million in the same quarter last year [4][6] - Year-to-date net earnings were $304 million, up 5% from $290 million in the previous year [4][6] - The company reported an adjusted EPS of $4.80 for the year-to-date period, a 2% increase from $4.70 [4][6] Segment Performance - The Aerospace segment generated significant sales growth of 15.2% in the third quarter, with total sales of $596 million compared to $518 million in the prior year [9][26] - The Industrial segment saw a slight decline in sales, with $319 million reported in the third quarter, down 3.2% from $330 million [11][26] - The Aerospace segment's earnings increased by 23.5% to $126 million, while the Industrial segment's earnings decreased by 20.3% to $48 million [9][11][26] Cash Flow and Guidance - Cash from operations decreased by 18% to $126 million in the third quarter, and free cash flow fell by 28% to $99 million [7][4] - The company is lowering its full-year free cash flow guidance due to increased demands in a dynamic supply chain environment [5] - Revised guidance for total company sales is now projected between $3.45 billion and $3.525 billion, with adjusted EPS expected to be between $6.50 and $6.75 [15]
Woodward Reports Third Quarter Fiscal Year 2025 Results