Record Annual Revenue
Woodward's annual revenue exceeded $3.5 billion for the first time, with strong performance across both business segments.
Aerospace Segment Growth
Aerospace sales increased 14% to record levels, with margin expansion of 290 basis points, driven by strong performance in commercial services and defense OEM.
Industrial Segment Performance
Industrial sales excluding China grew approximately 10%, with core industrial margin expansion of 110 basis points. Double-digit growth was seen in oil and gas and power generation.
Significant EPS Increase
Adjusted earnings per share for the year rose nearly 13%, reaching an all-time high.
Strategic Investments and Acquisition
Completion of a strategic transaction added capabilities to the electromechanical actuation business, including a new contract with Airbus.
Strong Free Cash Flow and Shareholder Returns
Free cash flow was $340 million, with over $238 million returned to shareholders through share repurchases and dividends.