FORT COLLINS, Colo., Feb. 02, 2026 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD) today reported financial results for its first quarter ended December 31, 2025. All amounts are presented on an as reported (U.S. GAAP) basis unless otherwise indicated. All per share amounts are presented on a fully diluted basis. All comparisons are made to the same period of the prior year unless otherwise stated. All references to years are references to the Company’s fiscal year unless otherwise stated. First Quarter Ove ...

Core Viewpoint - Woodward, Inc. has announced a new $1.8 billion share repurchase authorization, reflecting its strategic use of a strong balance sheet to enhance shareholder value [1][2]. Group 1: Share Repurchase Authorization - The Board of Directors approved a $1.8 billion share repurchase program for three years, following the completion of a previous $600 million authorization ahead of schedule [1]. - The new authorization demonstrates the Board's confidence in Woodward's long-term growth, cash generation, and commitment to shareholder returns [2]. Group 2: Financial Performance and Shareholder Returns - Over the past decade, Woodward has returned approximately $2.0 billion to shareholders through dividends and share repurchases, which is about 78% of net earnings during that period [2]. - The company emphasizes a disciplined approach to capital allocation, prioritizing reinvestment in the business, strategic M&A, and returning cash to shareholders [3]. Group 3: Company Overview - Woodward is a global leader in energy conversion and control solutions for aerospace and industrial equipment markets, headquartered in Fort Collins, Colorado [4].

Core Insights - Woodward, Inc. reported second quarter fiscal year 2025 results that met expectations, with strong performance in the aerospace segment driven by demand for smart defense and commercial aftermarket activity [4][5][15] - The company raised the low end of its sales and adjusted EPS guidance for the fiscal year 2025, reflecting confidence in managing current operating conditions and tariff impacts [4][15] Financial Performance - Net sales for Q2 2025 were $884 million, a 6% increase from $835 million in Q2 2024; year-to-date sales reached $1,656 million, up 2% from $1,622 million [4][6] - Net earnings for Q2 2025 were $109 million, a 12% increase from $98 million in Q2 2024; year-to-date net earnings were $196 million, up 5% from $188 million [4][6] - Adjusted net earnings for Q2 2025 were $103 million, a 3% increase from $101 million in Q2 2024; year-to-date adjusted net earnings were $186 million, down 3% from $191 million [4][6] - Earnings per share (EPS) for Q2 2025 were $1.78, a 14% increase from $1.56 in Q2 2024; year-to-date EPS was $3.20, up 6% from $3.02 [4][6] Segment Performance - Aerospace segment revenue for Q2 2025 was $562 million, a 13% increase from $498 million in Q2 2024, with segment earnings rising to $125 million, a 27% increase [9][32] - Industrial segment revenue for Q2 2025 was $338 million, a 5% decrease from $322 million in Q2 2024, with segment earnings declining to $65 million, a 30% decrease [11][32] Guidance and Outlook - The company revised its fiscal year 2025 guidance, now expecting total sales between $3,375 million and $3,500 million, up from the previous range of $3,300 million to $3,500 million [15][17] - Adjusted EPS guidance was raised to a range of $5.95 to $6.25, reflecting strong year-to-date performance [15][17] Cash Flow and Financial Position - Cash from operations for Q2 2025 was $78 million, a 20% decrease from $97 million in Q2 2024; year-to-date cash from operations was $112 million, down 22% from $144 million [4][7] - Free cash flow for Q2 2025 was $59 million, a 28% decrease from $83 million in Q2 2024; year-to-date free cash flow was $60 million, down 31% from $88 million [4][7]