Woodward(US:WWD)2025-07-28 21:00Financial Performance - Third quarter fiscal year 2025 net sales increased by 8% year-over-year, from $848 million to $915 million[16] - Third quarter fiscal year 2025 net earnings increased by 6% year-over-year, from $102 million to $108 million[16] - Third quarter fiscal year 2025 earnings per share (EPS) increased by 8% year-over-year, from $1.63 to $1.76[16] - Year-to-date free cash flow was $159 million[8], a decrease of 29% compared to $225 million in the prior year[18] Segment Results - Aerospace segment sales increased by 15% in the third quarter, from $518 million to $596 million[28] - Aerospace segment earnings increased by 24% in the third quarter, from $102 million to $126 million[28] - Core Industrial sales increased by 9% in the third quarter, from $277 million to $303 million[47] - Industrial segment sales decreased by 3% in the third quarter, from $330 million to $319 million[45] Industrial Segment Challenges - Industrial segment earnings decreased by 20% in the third quarter, from $60 million to $48 million[45] - China on-highway natural gas truck sales significantly declined, impacting the Industrial segment[8, 20, 23] - China on highway natural gas truck sales decreased from $53.085 million to $16.589 million for the three months ended June 30, 2024 and 2025 respectively[72] Aerospace Market Dynamics - Commercial Services sales in Aerospace grew by 30%[35] - Defense OEM sales in Aerospace grew by 56%[36] Fiscal Year 2025 Guidance - Revised sales guidance for fiscal year 2025 is $3.45 billion to $3.525 billion[60] - Adjusted EPS guidance for fiscal year 2025 is $6.50 to $6.75[60]