Record Sales and Earnings
Woodward posted record sales of $915 million, up 8% year-over-year, and earnings per share of $1.76, also up 8% year-over-year.
Aerospace Segment Growth
Aerospace segment sales reached a record $596 million, up 15%, with a margin expansion of 140 basis points to 21.1%.
Airbus A350 Spoiler Actuator Win
Woodward announced a significant win to provide spoiler control actuators for the Airbus A350, marking its first actuation LRU win on a commercial platform.
Strong Defense OEM Growth
Defense OEM sales rose 56%, driven by smart defense programs, contributing to the Aerospace segment's performance.
LEAP and GTF Service Activity
LEAP and GTF service activity continues to grow, approaching legacy product volumes and significantly impacting Aero services growth.