Woodward Reports Record Sales & Earnings for Fiscal Year 2025

Core Insights - Woodward, Inc. reported record financial results for fiscal year 2025, with net sales reaching $3.6 billion, a 7% increase year-over-year, and fourth-quarter net sales of $995 million, up 16% [4][5] Financial Performance - Fourth Quarter 2025: - Net sales: $995 million, up 16% from $855 million in Q4 2024 - Net earnings: $138 million, a 66% increase from $83 million in Q4 2024 - Adjusted net earnings: $129 million, up 49% from $86 million in Q4 2024 - Earnings per share (EPS): $2.23, a 64% increase from $1.36 in Q4 2024 [4][9] - Fiscal Year 2025: - Net sales: $3.6 billion, up 7% from $3.3 billion in FY 2024 - Net earnings: $442 million, a 19% increase from $373 million in FY 2024 - Adjusted net earnings: $424 million, up 12% from $379 million in FY 2024 - EPS: $7.19, a 20% increase from $6.01 in FY 2024 [4][9] Segment Performance - Aerospace Segment: - Fourth Quarter 2025 sales: $661 million, up 19.6% from $553 million in Q4 2024 - Fiscal Year 2025 sales: $2.3 billion, up 14% from $2.0 billion in FY 2024 - Segment earnings for Q4: $162 million, representing 24.4% of segment net sales, up from 19.2% in Q4 2024 [11][12] - Industrial Segment: - Fourth Quarter 2025 sales: $334 million, up 10.6% from $302 million in Q4 2024 - Fiscal Year 2025 sales: $1.25 billion, down 3.2% from $1.30 billion in FY 2024 - Segment earnings for Q4: $49 million, or 14.6% of segment net sales, up from 12.6% in Q4 2024 [13][14] Strategic Developments - Completed the strategic acquisition of Safran's North American Electromechanical Actuation business, enhancing the product portfolio [8] - Authorized a new three-year $1.8 billion share repurchase program [8] - Selected by Airbus to supply 12 of the 14 spoiler actuation systems for the A350, marking a significant contract in commercial aerospace [8] - Broke ground on a new facility in Spartanburg County, South Carolina, aimed at advanced precision aerospace manufacturing [8] Fiscal Year 2026 Guidance - Sales growth is projected to be between 7% and 12% - EPS is expected to be in the range of $7.50 to $8.00 - Free cash flow is anticipated to be between $300 million and $350 million [17][18]