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Mar 31

Woodward Q2 2025 Earnings Report

Woodward reported steady results with growth driven by aerospace demand and strong aftermarket activity.

Key Takeaways

Woodward delivered a solid Q2 FY25 performance, with revenue growth driven by defense and aftermarket strength, partially offset by weaker industrial sales, especially in China. Net income and EPS rose compared to the prior year.

Revenue grew 6% year-over-year to $883629000.

Net income increased 12% year-over-year to $108949000.

Adjusted EPS improved to $1.69.

Industrial segment faced headwinds due to lower China truck sales.

Total Revenue
$884M
Previous year: $835M
+5.8%
EPS
$1.69
Previous year: $1.62
+4.3%
Effective Tax Rate
18.1%
Previous year: 19.1%
-5.2%
Adj. Effective Tax Rate
17.7%
Previous year: 19.3%
-8.3%
Cash and Equivalents
$364M
Previous year: $317M
+14.9%
Free Cash Flow
$59M
Previous year: $82.8M
-28.8%
Total Assets
$4.49B
Previous year: $4.37B
+2.9%

Woodward

Woodward

Woodward Revenue by Segment

Forward Guidance

Woodward raised the low end of its full-year sales and Adjusted EPS guidance, reaffirming confidence despite potential tariff impacts.

Positive Outlook

  • Raised low end of sales guidance to $3375000000-$3500000000.
  • Raised low end of Adjusted EPS guidance to $5.95-$6.25.
  • Aerospace expected to grow 8%-13%.
  • Strong defense and commercial aftermarket demand expected to continue.
  • Free cash flow guidance remains strong at $350M-$400M.

Challenges Ahead

  • Industrial segment sales expected to decline 7%-9%.
  • Challenges in China on-highway market persist.
  • Potential impact of escalating tariffs not fully included in guidance.
  • Commercial OEM weakness could weigh on performance.
  • Macroeconomic uncertainty and possible global recession risks.