AI Earnings Predictions for Woodward Inc. (WWD)

EX-99.1

2 exh_991.htm

PRESS RELEASE

EdgarFiling

EXHIBIT 99.1

Woodward Reports Third Quarter Fiscal Year 2026 Results

Raising Earnings Guidance Based on Strong Third Quarter and Confidence in the Fourth Quarter

FORT COLLINS, Colo., July 29, 2026 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD) today reported financial results for its third quarter ended June 30, 2026.

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. All percentages have been calculated using unrounded amounts.

Third Quarter Overview

Third Quarter 2026 Year-to-Date 2026

Net sales$1.1B, +21% $3.2B, +24%

Earnings per share (EPS)$2.40, +36% $6.76, +36%

Adjusted EPS1$2.52, +43% $6.96, +45%

Net cash provided by operating activities$147M, +17% $352M, +48%

Free cash flow1$87M, -12% $196M, +23%

“We delivered outstanding third quarter results, including significant sales growth and margin expansion in both segments,” said Chip Blankenship, Chairman and Chief Executive Officer. “In Aerospace, commercial services demand was resilient, while commercial OEM benefited from increasing aircraft production rates. Industrial sales and earnings performance was outstanding, with segment earnings growth of 86 percent driven by substantial sales growth across all primary markets.

“Demand across our portfolio remains durable, and our teams continue to expand capacity, improve flow, and support customers. We are raising our full-year earnings guidance and remain focused on creating long-term value for shareholders through profitable growth, operational excellence, and innovation.”

Third Quarter Fiscal Year 2026 Company Results

Total Company Results (Dollars in millions, except per share amounts)

Three Months Ended June 30, Nine Months Ended June 30,

2026 2025 Year over Year 2026 2025 Year over Year

Income Statement

Net sales$1,110 $915  21% $3,197 $2,572  24%

Net earnings 147  108  35%  414  304  36%

Adjusted net earnings1* 154  108  42%  426  294  45%

EPS$2.40 $1.76  36% $6.76 $4.96  36%

Adjusted EPS*$2.52 $1.76  43% $6.96 $4.80  45%

EBIT1 208  137  51%  565  394  44%

Adjusted EBIT1* 217  137  58%  581  381  53%

EBITDA1 240  166 45%  656  478 37%

Adjusted EBITDA1* 249  166 50%  672  465 45%

Effective tax rate 24.2% 14.5%970 bps   21.8% 15.8%600 bps

Adjusted effective tax rate1* 24.2% 14.5%970 bps  21.9% 15.5%640 bps

Cash Flow and Financial Position

Net cash provided by operating activities$147 $126 17% $352 $238  48%

Capital expenditures 60  27 125%  156  79 99%

Free cash flow 87  99  -12%  196  159  23%

Dividends paid 19  17      55  48

Share repurchases 198  45      553  124

Total debt        1,342  933

EBITDA leverage1       1.6x 1.5x

*There were no adjustments to these measures in the third quarter of fiscal year 2025

Segment Results

Aerospace (Dollars in millions)

Three Months Ended June 30,  Nine Months Ended June 30,

2026 2025 Year over Year  2026 2025 Year over Year

Commercial OEM$234 $175  34% $640 $497  29%

Commercial services 268  215  24%  788  581  36%

Defense OEM 141  150  -6%  430  401  7%

Defense services 66  55  20%  189  173  9%

Sales 709  596  19%  2,047  1,652  24%

Segment earnings 170  126  35%  476  345  38%

Segment margin % 24.0% 21.1%290 bps   23.3% 20.9%240 bps

Segment earnings for the third quarter of 2026 were $170 million, or 24.0 percent of segment sales. The increase in segment earnings in the quarter was the result of price realization and increased leverage on higher sales volumes, partially offset by inflation and unfavorable mix.

Segment earnings for the first nine months of fiscal 2026 were $476 million, or 23.3 percent of segment sales. The increase in segment earnings in the first nine months of the fiscal year was the result of price realization and increased leverage on higher sales volumes, partially offset by strategic investments in manufacturing capabilities, inflation, and unfavorable mix.

Industrial (Dollars in millions)

Three Months Ended June 30,  Nine Months Ended June 30,

2026 2025 Year over Year  2026 2025 Year over Year

Transportation$180 $129  40% $523 $368  42%

Power generation 145  122  19%  403  364  11%

Oil and gas 76  68  11%  223  188  18%

Sales 401  319  26%  1,150  920  25%

Segment earnings 88  48  86%  221  134  65%

Segment margin % 22.1% 14.9%720 bps   19.2% 14.5%470 bps

Industrial segment earnings for the third quarter of 2026 were $88 million, or 22.1 percent of segment sales. Industrial segment earnings for the first nine months of 2026 were $221 million, or 19.2 percent of segment sales. The increase in segment earnings in both periods was primarily driven by increased leverage on higher sales volume and price realization, partially offset by inflation.

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Form 8-KFalse000010831200001083122026-02-022026-02-02iso4217:USDxbrli:sharesiso4217:USDxbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported):  February 2, 2026

Woodward, Inc. (Exact name of registrant as specified in its charter)

Delaware001-3926536-1984010 (State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.) 1081 Woodward Way Fort Collins, Colorado 80524 (Address of Principal Executive Offices) (Zip Code) (970) 482-5811 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, par value $0.001455WWDNasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On February 2, 2026, Woodward, Inc. (the "Registrant") reported its results of operations for its first quarter of fiscal year 2026. A copy of the news release issued by the Registrant concerning the foregoing results is furnished herewith as Exhibit 99.1 and incorporated by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release of Woodward, Inc. dated February 2, 2026 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Woodward, Inc.

Dated: February 2, 2026By: /s/ William F. Lacey William F. Lacey Executive Vice President and Chief Financial Officer