Woodward Reports Record Q3 Sales and Raises Fiscal 2026 Earnings Guidance
Woodward Inc. (NASDAQ:WWD) reported record third-quarter sales of $1.1 billion in fiscal 2026, representing a year-over-year increase of 21%. Adjusted earnings per share rose by 43% to $2.52 due to higher pricing, increased factory output, and productivity gains from lean initiatives. The company's aerospace segment saw sales rise 19%, driven primarily by commercial original-equipment growth and services demand. Industrial sales also grew significantly at 26%, supported by marine, LNG infrastructure, and data-center power sectors. Free cash flow for the quarter was $87 million with a year-to-date total of $196 million. Woodward raised its fiscal 2026 adjusted EPS guidance to between $9.30 and $9.50 per share and plans to return approximately $700 million to shareholders through dividends and buybacks in the coming year.
Tickers: $WWD
Topics: aerospace guidance_update industrial_demand margin_expansion