Woodward (WWD)
NASDAQ:WWD
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Earnings Data
Report Date
Aug 03, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
2.3Last Year’s EPS
1.76Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum with record quarterly sales, double-digit top-line growth across Aerospace and Industrial, margin expansion, raised full‑year guidance, strategic M&A and partnership progress, and improved cash generation. Notable challenges include capacity and supply-chain constraints, targeted strategic investments and inflation that tempered flow-through, a product-performance reserve that compressed Industrial margins in the quarter, elevated inventory and working capital needs, and geopolitical/aftermarket visibility risks. Overall, the positives (record results, guidance raise, strong segment performance, balance-sheet strength and strategic actions) materially outweigh the near-term and manageable challenges.Company Guidance
Record Quarterly Sales
Net sales reached $1.1 billion in Q2, the first time Woodward surpassed $1 billion in a quarter, representing a 23% year-over-year increase.
Strong Earnings and EPS Expansion
GAAP EPS was $2.19 (vs. $1.78 prior year) and adjusted EPS was $2.27 (vs. $1.69 prior year), an approximate 34% year-over-year increase in adjusted EPS; company reported record quarterly adjusted EPS.
Raised Full-Year Guidance
Company raised FY2026 guidance: total sales growth now expected 20%–23% and adjusted EPS guidance increased to $9.15–$9.45; Aerospace sales growth guided 21%–24% (margins 23%–23.5%) and Industrial sales growth guided 18%–20% (margins 18%–18.5%).
Aerospace Segment Strength
Aerospace sales were $703 million in Q2, up 25% YoY; Commercial Services grew 36% and Commercial OEM was up 30%; Aerospace segment earnings were $158 million (22.5% of sales), a ~30 basis point margin increase year-over-year.
Industrial Segment Momentum
Industrial sales were $387 million in Q2, up 20% YoY; Core Industrial (ex-China On-Highway) increased 19%; Marine Transportation +34%, Oil & Gas +18%, Power Generation up mid-to-high teens (adjusting for prior divestiture). Industrial segment earnings increased to $66 million (17% margin, vs. 14.3% prior year).
Cash Generation and Balance Sheet
Net cash provided by operations for H1 was $205 million (vs. $112 million prior year); free cash flow was $38 million in Q2 and $109 million in H1 (vs. $60 million prior year); debt leverage at ~1.4x EBITDA.
Capital Deployment & Returns to Shareholders
In H1 returned over $355 million via share repurchases and $36 million in dividends; company reiterates FY2026 return target of $650–$700 million through dividends and repurchases.
Strategic Portfolio Actions and Capacity Investments
Closed acquisition of Valve Research & Manufacturing; announced divestiture of pilot controls product line; relocating servo valve production to Rockford; Spartanburg and Glatten construction projects on track (Spartanburg operational in 2027); new MRO partnerships with Lufthansa Technik, Air France KLM and AAR to expand global service network.
Price Realization
Price realization in the quarter was approximately 6.5%–7%, with Aero generally stronger on pricing than Industrial.
WWD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WWD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $360.98 | $362.99 | +0.56% |
Feb 02, 2026 | $327.25 | $371.17 | +13.42% |
Nov 24, 2025 | $261.18 | $293.67 | +12.44% |
Jul 28, 2025 | $257.93 | $261.53 | +1.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Woodward (WWD) report earnings?
Woodward (WWD) is schdueled to report earning on Aug 03, 2026, After Close (Confirmed).
What is Woodward (WWD) earnings time?
Woodward (WWD) earnings time is at Aug 03, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WWD EPS forecast?
WWD EPS forecast for the fiscal quarter 2026 (Q3) is 2.3.