Woodward (WWD - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on July 29, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis maker of cockpit controls and other equipment for the defense and aerospace markets is expected to post quarterly earnings of $2.39 per share in its upcoming report, which represents a year-over-year change of +35.8%.
Revenues are expected to be $1.11 billion, up 21.7% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.21% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Woodward?For Woodward, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +5.10%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that Woodward will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Woodward would post earnings of $2 per share when it actually produced earnings of $2.27, delivering a surprise of +13.50%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Woodward appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Woodward (NASDAQ:WWD – Get Free Report) is expected to be posting its Q3 2026 results after the market closes on Wednesday, July 29th. Analysts expect Woodward to announce earnings of $2.44 per share and revenue of $1.1104 billion for the quarter. Woodward has set its FY 2026 guidance at 9.150-9.450 EPS. Investors may review the information on the company’s upcoming Q3 2026 earning results page for the latest details on the call scheduled for Wednesday, July 29, 2026 at 5:00 PM ET.
Woodward (NASDAQ:WWD – Get Free Report) last released its earnings results on Wednesday, April 29th. The technology company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.10 by $0.17. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Woodward had a return on equity of 20.12% and a net margin of 12.85%.The business’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period last year, the firm earned $1.69 EPS. On average, analysts expect Woodward to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Woodward Stock Up 4.1% NASDAQ WWD opened at $406.87 on Wednesday. The stock has a market capitalization of $24.24 billion, a P/E ratio of 48.73, a price-to-earnings-growth ratio of 2.33 and a beta of 0.86. Woodward has a 52 week low of $233.31 and a 52 week high of $450.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.19 and a current ratio of 1.73. The stock has a fifty day moving average of $389.09 and a 200-day moving average of $373.25.
Woodward Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a $0.32 dividend. The ex-dividend date is Thursday, August 20th. This represents a $1.28 annualized dividend and a yield of 0.3%. Woodward’s dividend payout ratio (DPR) is currently 15.33%.
Insiders Place Their Bets In other Woodward news, Director Daniel G. Korte sold 14,700 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $356.05, for a total transaction of $5,233,935.00. Following the transaction, the director owned 4,434 shares in the company, valued at approximately $1,578,725.70. This trade represents a 76.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Karrie M. Bem sold 185 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $355.00, for a total value of $65,675.00. Following the transaction, the executive vice president owned 3,648 shares of the company’s stock, valued at $1,295,040. The trade was a 4.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 15,629 shares of company stock valued at $5,570,005. 0.71% of the stock is owned by insiders.
Institutional Inflows and Outflows Hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. grew its holdings in Woodward by 122.0% during the third quarter. Invesco Ltd. now owns 905,578 shares of the technology company’s stock valued at $228,849,000 after purchasing an additional 497,722 shares during the period. Findlay Park Partners LLP raised its holdings in Woodward by 136.2% in the fourth quarter. Findlay Park Partners LLP now owns 686,200 shares of the technology company’s stock worth $207,452,000 after purchasing an additional 395,726 shares during the period. Two Sigma Investments LP raised its holdings in Woodward by 1,086.9% in the third quarter. Two Sigma Investments LP now owns 330,514 shares of the technology company’s stock worth $83,524,000 after purchasing an additional 302,666 shares during the period. Lord Abbett & CO. LLC bought a new position in shares of Woodward during the fourth quarter worth $65,918,000. Finally, Soros Fund Management LLC bought a new position in shares of Woodward during the fourth quarter worth $54,798,000. Institutional investors own 81.18% of the company’s stock.
Analyst Ratings Changes A number of analysts recently commented on WWD shares. Truist Financial lifted their price objective on Woodward from $404.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Weiss Ratings restated a “buy (b)” rating on shares of Woodward in a research report on Friday. Susquehanna initiated coverage on shares of Woodward in a research note on Tuesday, May 26th. They issued a “positive” rating and a $423.00 target price on the stock. UBS Group lifted their price target on shares of Woodward from $427.00 to $429.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada started coverage on shares of Woodward in a research note on Thursday, April 16th. They set an “outperform” rating and a $450.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Woodward currently has an average rating of “Moderate Buy” and an average price target of $395.50.
View Our Latest Stock Report on WWD
About Woodward (Get Free Report)
Woodward, Inc (NASDAQ: WWD) is a global leader in the design, manufacture and service of control systems and components for the aerospace and industrial markets. Founded in 1870 and headquartered in Fort Collins, Colorado, the company specializes in motion control, fuel systems, actuation, and digital control solutions. Its offerings enable precision management of flow, pressure and motion in critical applications ranging from aircraft engines and power turbines to hydraulic systems.
Woodward’s product portfolio is organized into two primary segments: Aerospace and Industrial.
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FORT COLLINS, Colo. and HONG KONG, July 21, 2026 (GLOBE NEWSWIRE) -- HAECO, a leading global Maintenance, Repair and Overhaul (MRO) services provider, and Woodward (NASDAQ: WWD), a world leader in aerospace and industrial controls, have signed an Elite Licensed Repair Service Facility (LRSF) agreement, establishing a long-term strategic partnership to support Woodward components on the CFM International* LEAP‑1A, LEAP‑1B, and LEAP‑1C engines.
Under the terms of the Elite LRSF agreement, HAECO is authorized to deliver a full suite of MRO services for Woodward’s entire product portfolio of fuel control, engine actuation, and air management systems supporting the CFM LEAP engine family.
This agreement positions HAECO within Woodward’s Elite LRSF network and marks a significant milestone in expanding OEM-aligned component support for the rapidly growing fleet. By joining this network, HAECO strengthens its capability to serve customers with OEM-authorized repair solutions, ensuring consistent quality and seamless service delivery across regions.
The agreement also reinforces HAECO’s role as a leading support hub in Asia-Pacific and mainland China for engine component services. Leveraging its established footprint in Hong Kong and Xiamen, HAECO will provide localized, OEM-approved repair capabilities closer to operators in a region representing the fastest-growing share of the global CFM LEAP fleet. The inclusion of CFM LEAP‑1C further reflects Woodward’s and HAECO’s shared commitment to supporting the continued growth of China’s aviation industry.
For airline operators, this agreement enhances access to OEM-approved repair solutions for critical engine system components, delivering market-leading turnaround times and optimized fleet availability. It also underscores both companies’ commitment to investing in advanced capabilities, technical alignment, and lifecycle support to ensure consistent, high-quality service as the global fleet continues to expand.
George Edmunds, Group Director of Component and Engine Services at HAECO, said, “This agreement marks a significant milestone in HAECO’s expansion into CFM International LEAP engine component support. Being selected as one of Woodward’s Elite Licensed Repair Service Facilities reinforces our position as a trusted provider within the global MRO network and strengthens our role as a leading support hub in Asia-Pacific and mainland China for this generation of engine services, while positioning us to support airline customers across the global CFM International LEAP fleet through Woodward’s Elite LRSF network. We are committed to delivering OEM-aligned, best-in-class repair solutions that enhance operational reliability, reduce turnaround times, and support our customers as the CFM International LEAP fleet continues its rapid global expansion.”
“HAECO is a trusted partner with strong regional capabilities across Asia-Pacific and mainland China,” said John DiSilvestro, Vice President of Sales, Marketing and Service for Woodward. “The execution of the Elite LRSF agreement with HAECO expands our global support network and strengthens the availability of reliable, high-quality repair solutions for Woodward components on CFM International LEAP engines. As the global fleet continues to grow, agreements such as this are essential to ensuring seamless service delivery, improved asset availability, and long-term customer support.”
*CFM International is a 50/50 joint company between GE Aerospace and Safran Aircraft Engines.
About HAECO Group
HAECO Group is one of the world’s leading aircraft engineering and maintenance service providers. We provide a comprehensive range of solutions encompassing airframe services, line services, component overhaul, aerostructure repairs, landing gear services, engine services, global engine support, parts manufacturing and technical training. HAECO Group comprises 14 operating companies, employing around 15,000 staff in Hong Kong, Chinese Mainland, Europe and the Americas. Learn more at www.haeco.com or follow us on LinkedIn, X or WeChat for the latest updates.
About Woodward, Inc.
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion, and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.
About Woodward’s Licensed Repair Services Facility Program (LRSF)
Woodward’s LRSF program provides Maintenance, Repair and Overhaul (MRO) stations with licenses and technology packages to perform MRO services on Woodward engine components and systems on CFM International LEAP fleet engines. MRO service providers are rigorously evaluated for their capabilities and are selected to join the LRSF network based on their technical expertise and historical performance.
Media contacts:
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d25cb144-399f-4809-b40d-b57635a0c638
HAECO and Woodward Establish Elite-Level Agreement Richard Sell, CEO, HAECO Group (left) and Shawn McLevige, President Woodward Aerospace.
GLATTEN, Germany and FORT COLLINS, Colo., July 21, 2026 (GLOBE NEWSWIRE) -- Woodward (NASDAQ: WWD), a global leader in energy controls for aerospace and industrial applications, officially inaugurated its expanded manufacturing facility in Glatten, Germany, this week. The event marks the completion of a strategic investment that increases production capacity by 50 percent for high-speed fuel injection systems, which are used in power generation, marine transportation, and oil & gas applications.
The approximately 3,000-square-meter expansion advances Woodward’s broader strategy to invest in manufacturing capabilities supporting long-term growth. The site integrates advanced automation, digital manufacturing technologies, and Lean manufacturing practices that strengthen productivity, flexibility, and competitiveness.
The inauguration brought together employees, customers, community leaders, and government representatives, including Dr. Nicole Hoffmeister-Kraut, Baden-Württemberg’s Minister for Economic Affairs, Skilled Crafts and Tourism, underscoring the facility’s role in regional manufacturing, skilled employment, and long-term economic development. Also offering their congratulations were Katrin Schindele, MdL Landtag Baden-Württemberg, Prof. Dr. Erik Schweickert (former Member of the State Parliament) and Tore-Derek Pfeifer, Mayor of Glatten.
“The expansion of our Glatten factory demonstrates Woodward’s commitment to operational excellence as we deliver on market growth,” said Steffen Doelker, Vice President and General Manager of Woodward’s Diesel Fuel Systems Business Unit. “We are incorporating industry-leading manufacturing technologies and practices here that will enable us to improve productivity and deliver on our customers’ evolving needs. I’m very proud of what the team has done here.”
About Woodward
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion, and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.
Media Contact:
Jennifer Regina
Woodward Communications
+1970 559 8840 [email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c3331c93-5128-44fd-a70c-2de61eef2fe4
Woodward Inaugurates Expanded Production for High-Speed Fuel Injection Systems in Glatten, Germany Woodward's Expanded Production for High-Speed Fuel Injection Systems will serve OEM customer demand.
FORT COLLINS, Colo., July 14, 2026 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ: WWD) announced today that it expects to report its fiscal 2026 third quarter financial results at approximately 4:00 p.m. ET on Wednesday, July 29, 2026. A news release will be issued at that time, and a conference call will be held at 5:00 p.m. ET.
During the conference call, the company will provide an overview of its business and financial performance. You are invited to listen to the call live via the company’s website, www.woodward.com. The call and presentation will be available on the website by selecting “Investors / Events and Presentations” from the menu and will remain accessible on the company’s website for one year.
You may also listen to the call by dialing + 1 (833) 461-5787 (U.S. domestic) or + 1 (585) 542-9983 (international). Participants should call prior to the start time to allow for registration; the Conference ID is 180 854 471.
About Woodward, Inc.
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.
CONTACT:Dan Provaznik Director Investor Relations 970-498-3849 [email protected]
Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.
Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.
Hunting for 'earnings whispers' or companies poised to beat their quarterly earnings estimates is a somewhat common practice. But that doesn't make it easy. One way that has been proven to work is by using the Zacks Earnings ESP tool.
The Zacks Earnings ESP, ExplainedThe Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. The idea is relatively intuitive as a newer projection might be based on more complete information.
With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.
In fact, when we combined a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time. Perhaps most importantly, using these parameters has helped produce 28.3% annual returns on average, according to our 10 year backtest.
Most stocks, about 60%, fall into the #3 (Hold) category, and they are expected to perform in-line with the broader market. Stocks with a #2 (Buy) and #1 (Strong Buy) rating, or the top 15% and top 5% of stocks, respectively, should outperform the market, with Strong Buy stocks outperforming more than any other rank.
Should You Consider Woodward?The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Woodward (WWD - Free Report) holds a #2 (Buy) at the moment and its Most Accurate Estimate comes in at $2.51 a share 17 days away from its upcoming earnings release on July 27, 2026.
By taking the percentage difference between the $2.51 Most Accurate Estimate and the $2.39 Zacks Consensus Estimate, Woodward has an Earnings ESP of +5.10%. Investors should also know that WWD is one of a large group of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
WWD is just one of a large group of Aerospace stocks with a positive ESP figure. Northrop Grumman (NOC - Free Report) is another qualifying stock you may want to consider.
Northrop Grumman, which is readying to report earnings on July 21, 2026, sits at a Zacks Rank #3 (Hold) right now. Its Most Accurate Estimate is currently $6.85 a share, and NOC is 11 days out from its next earnings report.
For Northrop Grumman, the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $6.84 is +0.22%.
WWD and NOC's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report.
Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
FORT COLLINS, Colo., July 10, 2026 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ: WWD), a global leader in energy control solutions for the aerospace and industrial markets, has been named one of America’s Best Companies 2026 by TIME and Statista, Inc. The list recognizes companies driving innovation, accountability and long-term success while demonstrating strong employee satisfaction, financial strength and transparency of environmental, social, and governance (ESG) principles. TIME conducted the survey in collaboration with Statista, a global leader in data and market analysis. Woodward is one of only 25 aerospace and defense companies named among the 1,000 companies on the list.
“Recognition on TIME's list of America’s Best Companies is an honor that reflects our team's commitment to fulfilling our purpose to design and deliver energy control solutions our partners count on to power a clean future,” said Chip Blankenship, Woodward’s Chairman and CEO. “Woodward remains focused on serving our Aerospace and Industrial customers while creating long-term value for our shareholders, members, and the communities where we operate.”
America’s Best Companies 2026 were identified based on three dimensions:
Employee Satisfaction: Based on anonymous survey data from approximately 217,000 employees.Financial Performance: Analysis of revenue growth, profitability, and asset performance using multiyear financial data for companies with at least $100 million in revenue.Sustainability: Evaluation of environmental impact, social responsibility, and governance practices using standardized ESG metrics.
Woodward was also named to TIME’s World’s Best Companies 2025 list and to TIME’s America’s Best Midsize Companies 2025 and 2024 lists.
About Woodward, Inc.
Woodward (NASDAQ: WWD) is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. The company’s purpose is to design and deliver energy control solutions its partners count on to power a clean future. Woodward’s innovative fluid, combustion, electrical, propulsion, and motion control systems operate in some of the world’s most demanding environments. Headquartered in Fort Collins, Colorado, Woodward serves customers worldwide. Visit www.woodward.com.
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Woodward (WWD - Free Report) , which belongs to the Zacks Aerospace - Defense Equipment industry, could be a great candidate to consider.
When looking at the last two reports, this maker of cockpit controls and other equipment for the defense and aerospace markets has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 22.51%, on average, in the last two quarters.
For the most recent quarter, Woodward was expected to post earnings of $2 per share, but it reported $2.27 per share instead, representing a surprise of 13.50%. For the previous quarter, the consensus estimate was $1.65 per share, while it actually produced $2.17 per share, a surprise of 31.52%.
Price and EPS Surprise
Thanks in part to this history, there has been a favorable change in earnings estimates for Woodward lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Woodward has an Earnings ESP of +5.10% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
FORT COLLINS, Colo., July 08, 2026 (GLOBE NEWSWIRE) -- Woodward (NASDAQ: WWD), a global leader in aerospace and industrial controls, today announced the publication of its 2025 Sustainability Report, which highlights the company's ongoing progress in environmental stewardship, social responsibility, and governance.
The report outlines the company’s approach to creating long-term value through operational excellence and global teams focused on the company’s purpose to design and deliver energy control solutions our partners count on to power a clean future.
Among the highlights from the 2025 report:
Enhanced environmental disclosures, including full Scope 1 and Scope 2 greenhouse gas emissions, energy intensity, and water withdrawal across our global operationsContinued implementation of Human and Organizational Performance (HOP) at Woodward locations around the worldContinued investment in members through nearly 18,000 hours of training, and ranking in the top quartile for employee engagement among manufacturing companiesDevelopment of our community engagement and volunteerism program, Fueling Futures, which is the focused approach we take to our philanthropy efforts within the United StatesAn outline of Woodward’s first formal double materiality assessment
"Woodward operates with integrity and determination to have a positive impact on our world, with a clear focus on delivering value for all our stakeholders, including our customers, shareholders, members, and communities," said Chip Blankenship, Woodward’s Chairman and CEO. "The progress reflected in our 2025 Sustainability Report is evidence of our team’s dedication to fulfilling our purpose, while keeping our core values of integrity, respectful and accountable, and humble and driven, as our guide in everything we do.”
See the full report: Woodward 2025 Sustainability Report
About Woodward
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion, and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding Woodward's sustainability strategy, long-term value creation, operational excellence, member development, and community engagement initiatives. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that may affect actual results include changes in economic, market, regulatory, customer, operational, and other business conditions, as well as Woodward's ability to successfully execute its strategic and sustainability initiatives. Forward-looking statements speak only as of the date of this press release, and Woodward undertakes no obligation to update them except as required by law.
Media Contact:
Jennifer Regina
VP, Communications
+1 970-559-8840 [email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/40b24885-8397-4283-bd05-b328c66b013c
Woodward Has Published Its 2025 Sustainability Report Woodward's latest Sustainability Report highlights Progress in Environmental Stewardship, Social Res...
Woodward (WWD - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Woodward basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Woodward imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for WoodwardThis maker of cockpit controls and other equipment for the defense and aerospace markets is expected to earn $9.34 per share for the fiscal year ending September 2026, which represents no year-over-year change.
Analysts have been steadily raising their estimates for Woodward. Over the past three months, the Zacks Consensus Estimate for the company has increased 9.7%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Woodward to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.
But what's the best way to find the right combination of stocks? Because funding things like your retirement, your kids' college tuition, or your short- and long-term savings goals will definitely require significant returns.
Enter the Zacks Rank.
What is the Zacks Rank?The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, that makes building a winning portfolio easier.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.
Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.
Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.
Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.
Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.
Each factor is given a raw score, which is recalculated every night and compiled into the Zacks Rank. Utilizing this data, stocks are put into five different groups: Strong Buy, Buy, Hold, Sell, and Strong Sell.
The Power of Institutional InvestorsThe Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.
Institutional investors are the professionals who manage the trillions of dollars invested in mutual funds, investment banks, and hedge funds. Studies have shown that these investors can and do move the market due to the large amounts of money they invest with. Because of this, the market tends to move in the same direction as institutional investors.
In order to figure out the fair value of a company and its shares, these investors will build valuation models focused on earnings and earnings expectations. Because if you raise estimates for the bottom line, it creates a higher fair value for a company.
Institutional investors will use these changes to help in their decision-making, typically buying stocks with rising estimates and selling those with falling estimates. Higher earnings expectations can translate into a rise in stock price and bigger gains for the investor.
Retail investors who get in at the first sign of upward revisions have a distinct advantage over larger investors since it can often take weeks, if not months, for an institutional investor to build a position. They'll also benefit from the expected institutional buying that could follow.
Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.
How to Invest with the Zacks RankThe Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +23.94%.
Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.
Let's take a look at Woodward (WWD - Free Report) , which was added to the Zacks Rank #1 list on June 30, 2026. Headquartered in Fort Collins, CO, Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions for the aerospace and industrial markets.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.83 to $9.34 per share. WWD boasts an average earnings surprise of 17%.
Earnings are expected to grow 35.6% for the current fiscal year, while revenue is projected to increase 21.2%.
Even more impressive, WWD has gained in value over the past four weeks, up 23.9% compared to the S&P 500's loss of 1.8%.
Bottom LineWith a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Woodward should be on investors' shortlist.
If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.
Discover Today's Top StocksOur private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >>
FORT COLLINS, Colo., June 25, 2026 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD) today announced that its Board of Directors declared a cash dividend of $0.32 per share for the quarter, payable on September 3, 2026, for stockholders of record as of August 20, 2026.
About Woodward, Inc.
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.
Notice Regarding Forward-Looking Statements
The statements in this release contain forward-looking statements that involve risks and uncertainties, including statements concerning the company’s cash dividend. Actual results could differ materially from projections or any other forward-looking statements and we have no obligation to update our forward-looking statements except as required by law. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Annual Report and Form 10-K for the year ended September 30, 2025, and any subsequently filed Quarterly Report on Form 10-Q.
Woodward (WWD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
While SpaceX (SPCX) and chip names have been on investors' radar as of late, Woodward (WWD) stock has stealthily climbed and is on pace for three straight weeks of gains. The aerospace and industrial power systems stock broke out of a cup base on Tuesday.
Wednesday's IBD 50 Growth Stocks To Watch name raised its fiscal 2026 profit and sales outlook in its latest earnings report. Woodward has tapped into growing industries, including satellites and data centers.
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Woodward designs and manufactures clean energy control technology and systems. It makes aircraft engines and flight control systems, as well as those used in space launch vehicles and missiles.
The IBD 50 and IBD SwingTrader name also serves the energy and transportation industries with its gas, steam and hydro turbines and engines. Its fluid, combustion, electrical, propulsion, and motion control systems are designed for airplanes and power plants as well as marine vessels, refineries, data centers and mines.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
Woodward Stock Breaks Out Woodward stock bolted up 4.7% in above-average volume and broke out of a first-stage cup base with a 407 buy point on Tuesday. The base count reset after its prior consolidation pattern breakout didn't pan out, and the stock then sank below the bottom of the prior base.
On Wednesday, shares are rising nearly 3% and are now extended from the 5% buy zone, reaching 427.35, according to IBD MarketSurge chart analysis. Woodward hit an all-time high on Wednesday and has gained around 43% year to date.
Shares reclaimed their 21-day exponential moving average and their 50-day moving average in early June.
Its relative strength line has rocketed higher since its June 1 low, and its IBD Relative Strength Rating rose to 86 from 64 four weeks ago.
Mutual funds have added shares of Woodward to their portfolios for four straight quarters, according to IBD Stock Checkup. Two IBD Mutual Fund Index names owned shares as of the March quarter, with Fidelity Contrafund (FCNTX) boosting its position to around 247,500 shares.
Power Systems Maker Raises Forecasts Woodward on April 29 said its fiscal second-quarter sales grew 23% to $1.091 billion. Its aerospace segment made up 64% of its second-quarter revenue, with the remaining amount coming from its industrial business.
The power systems firm's profit grew 34% to $2.27 per share. The quarterly profit margin at Woodward's aerospace division came in at 22.5%, while its industrial unit produced 17% earnings.
"Based on our first-half performance and continued demand strength, we are raising our full-year outlook," Woodward's Chief Executive Chip Blankenship said in the earnings release.
Woodward lifted its fiscal 2026 per-share earnings forecast to a range between $9.15 and $9.45. Its view on Feb. 2 called for $8.20 to $8.60 per share. Also, it now sees its total sales rising between 20% and 23%, up from its prior outlook of 14% to 18%. FactSet consensus sees its fiscal 2027 profit at $10.69 per share.
Woodward holds a 98 out of 99-possible IBD Composite Rating and a 97 Earnings Per Share Rating.
Follow Kimberley Koenig for more stock market news on X, the platform formerly known as Twitter, @IBD_KKoenig.
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FORT COLLINS, Colo., April 15, 2026 (GLOBE NEWSWIRE) -- Today, Woodward, Inc. (NASDAQ: WWD), a world leader in aerospace and industrial controls, announced that it has entered into an agreement to sell its pilot controls product line and associated services to Ontic Engineering and Manufacturing.
The transaction includes Woodward’s portfolio of pilot controls for commercial and defense applications, such as throttle quadrant assemblies, rudder pedals, and passive side sticks that are currently manufactured at Woodward’s facility in Niles, Illinois. It is subject to customary closing conditions and regulatory approvals.
“This agreement with Ontic reflects our long-term strategy to optimize our portfolio and invest in our core growth areas across aerospace commercial and defense products and services,” said Shawn McLevige, President of Woodward’s Aerospace Segment. “We believe Ontic is well-positioned to support the products and serve customers moving forward.”
As part of the transaction, Woodward and Ontic will enter into a long-term supply agreement under which Woodward will remain the sole supplier of certain engineered electromechanical components for pilot controls. In addition, Woodward will provide transition services over a 9-to-12-month period following the transaction close to support continuity of customer delivery.
A stronger, more focused Woodward
"This adds to other recent strategic moves we’ve announced, including closing our acquisition of Valve Research and Manufacturing, relocating servo line production from California to our premier Rock Cut facility, starting construction on our new Spartanburg facility for Airbus 350 spoiler actuation systems, and the transformation of our Loves Park site into a High-Volume Aerospace Services center. We are building a stronger, more focused Woodward as we invest in high-growth opportunities and expand in the right areas to position Woodward to create more value for our company, our customers, and our shareholders," said McLevige.
Gareth Hall, Ontic Chief Executive Officer, said, "We are pleased to have signed this latest agreement with Woodward. By transferring these product lines to Ontic, Woodward can focus on advancing next-generation aviation technologies, while customers benefit from our proven expertise in long-term product support.”
Hall added, "This agreement reflects the strength of Ontic’s model in sustaining critical aerospace parts. Pilot controls are critical to aircraft operation, and we are committed to ensuring their ongoing reliability, availability, and performance worldwide. We look forward to working closely with Woodward to deliver a smooth transition and continued excellence for customers that depend on these systems.”
About Woodward
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion, and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.
About Ontic
Ontic is a leading manufacturer to the world’s civil and military aircraft. By becoming the OEM to critical parts others originally developed, we provide continuity, availability and longevity to our customers’ fleets, supporting them for a lifetime of flight. Through our in-house manufacturing and engineering, MRO, spares, and AOG support, we ensure certified, safety-critical components remain available, compliant, and reliable across the full operational life of the aircraft we support.
Notice Regarding Forward-Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to statements relating to Woodward’s agreement to sell its pilot controls product lines to Ontic, the anticipated timing and likelihood of closing, expected terms and operation of any related supply or transition services arrangements, and the anticipated strategic and operational benefits of the transaction, as well as the anticipated impacts of our recent strategic moves, including an acquisition, relocation of certain product manufacturing activities, and initiatives related to our facilities and operations. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. Important factors that could cause actual results to differ materially include, but are not limited to: (1) the risk that the transaction may not close in the anticipated timeframe or at all; (2) the failure to satisfy closing conditions or obtain required regulatory approvals; (3) unexpected costs, delays, or other issues arising in connection with the transaction; (4) potential business disruption during the pendency of the transaction and during any transition period, including impacts to relationships with customers or suppliers; (5) risks that integration or ongoing supply arrangements, transition services, or operational handoffs will be delayed, less successful, or more costly or difficult than expected; (6) the risk that anticipated benefits from the transaction may not be fully realized or may take longer than anticipated to be realized; (7) risks that anticipated benefits from efforts to build a stronger, more focused company, to invest in high–growth opportunities, to expand in targeted areas, and to create value for customers and shareholders may not materialize as expected; and other risk factors and risks described in Woodward’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 30, 2025, and any subsequently filed Quarterly Reports on Form 10-Q, as well as other risks described in Woodward’s filings with the Securities and Exchange Commission. Forward-looking statements in this press release speak only as of the date hereof, and Woodward undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Woodward, Inc. (NASDAQ:WWD – Free Report) by 22.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,058 shares of the technology company’s stock after selling 1,500 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Woodward were worth $1,529,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WWD. Artisan Partners Limited Partnership acquired a new stake in Woodward during the 3rd quarter worth about $184,721,000. Invesco Ltd. grew its position in Woodward by 122.0% during the 3rd quarter. Invesco Ltd. now owns 905,578 shares of the technology company’s stock worth $228,849,000 after purchasing an additional 497,722 shares during the period. Two Sigma Investments LP grew its position in Woodward by 1,086.9% during the 3rd quarter. Two Sigma Investments LP now owns 330,514 shares of the technology company’s stock worth $83,524,000 after purchasing an additional 302,666 shares during the period. Findlay Park Partners LLP acquired a new stake in Woodward during the 3rd quarter worth about $73,406,000. Finally, Kinetic Partners Management LP acquired a new stake in Woodward during the 3rd quarter worth about $56,556,000. 81.18% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth Several equities research analysts have weighed in on WWD shares. Zacks Research raised Woodward from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Wells Fargo & Company began coverage on Woodward in a research report on Wednesday, April 1st. They set an “overweight” rating and a $440.00 target price on the stock. Jefferies Financial Group restated a “buy” rating and set a $450.00 target price on shares of Woodward in a research report on Sunday, February 8th. Weiss Ratings restated a “buy (b)” rating on shares of Woodward in a research report on Wednesday, January 21st. Finally, Wall Street Zen upgraded Woodward from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $385.91.
View Our Latest Stock Report on WWD
Insider Activity at Woodward In related news, EVP Shawn M. Mclevige sold 1,850 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $384.37, for a total value of $711,084.50. Following the transaction, the executive vice president directly owned 3,095 shares of the company’s stock, valued at approximately $1,189,625.15. This trade represents a 37.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Eileen P. Paterson sold 5,200 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $378.15, for a total transaction of $1,966,380.00. Following the completion of the transaction, the director directly owned 2,538 shares in the company, valued at $959,744.70. This represents a 67.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 26,925 shares of company stock valued at $10,203,160. 0.71% of the stock is owned by corporate insiders.
Woodward Price Performance NASDAQ:WWD opened at $394.83 on Friday. Woodward, Inc. has a 52 week low of $162.85 and a 52 week high of $407.00. The company has a quick ratio of 1.36, a current ratio of 2.05 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $23.54 billion, a PE ratio of 49.73, a price-to-earnings-growth ratio of 2.68 and a beta of 0.98. The stock’s 50-day moving average price is $379.89 and its 200-day moving average price is $323.20.
Woodward (NASDAQ:WWD – Get Free Report) last posted its earnings results on Monday, February 2nd. The technology company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.52. Woodward had a return on equity of 19.07% and a net margin of 12.89%.The firm had revenue of $996.45 million for the quarter, compared to analysts’ expectations of $901.92 million. During the same period last year, the firm earned $1.35 EPS. The company’s quarterly revenue was up 28.8% on a year-over-year basis. Woodward has set its FY 2026 guidance at 8.200-8.600 EPS. As a group, equities analysts expect that Woodward, Inc. will post 6.15 EPS for the current fiscal year.
Woodward Increases Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 19th were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $1.28 dividend on an annualized basis and a yield of 0.3%. This is a boost from Woodward’s previous quarterly dividend of $0.28. Woodward’s dividend payout ratio is 16.12%.
About Woodward (Free Report)
Woodward, Inc (NASDAQ: WWD) is a global leader in the design, manufacture and service of control systems and components for the aerospace and industrial markets. Founded in 1870 and headquartered in Fort Collins, Colorado, the company specializes in motion control, fuel systems, actuation, and digital control solutions. Its offerings enable precision management of flow, pressure and motion in critical applications ranging from aircraft engines and power turbines to hydraulic systems.
Woodward’s product portfolio is organized into two primary segments: Aerospace and Industrial.
See Also Five stocks we like better than Woodward Want to see what other hedge funds are holding WWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Woodward, Inc. (NASDAQ:WWD – Free Report).
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On April 21, 2026, Woodward Inc WWD shares fell 3.4% today, closing at $380.28. The stock has traded in a 52-week range of $162.85 to $407.00, showcasing significant volatility over the past year.
GF Value™ verdict: Current price is $380.28 versus GF Value™ of $202.91, indicating the stock is 87.4% overvalued.GF Score™: 85/100, denoting a strong overall performance relative to peers.Notable signal: Insider activity shows that insiders sold $14.0M in shares over the last three months, with no buying activity reported. Is WWD Overvalued or Undervalued? Woodward Inc WWD currently trades at $380.28, significantly above its GF Value™ of $202.91, marking it as 87.4% overvalued. This disparity suggests that the current market price does not adequately reflect the company's intrinsic value, which could pose risks for potential investors. The GF Valuation label categorizes the stock as significantly overvalued, indicating that the market may have inflated expectations regarding WWD's future performance.
The margin of safety is crucial for long-term investment success, and with WWD's current valuation, there appears to be little room for error. Investors should be cautious as the high valuation could indicate a potential downturn if the company's performance does not meet market expectations. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
How Does WWD's Valuation Compare to Its History? MetricCurrentHistorical P/E (TTM)47.9x35.9x (5-Year Median) Forward P/E43.4x- The current P/E (TTM) of 47.9x is significantly above its 5-year median of 35.9x, indicating that WWD is trading at a premium compared to its historical valuation. This analysis aligns with the GF Value™ verdict of being overvalued, reinforcing the notion that the stock price may not be sustainable based on historical performance metrics.
What Does WWD's GF Score™ Tell Us? MetricRating GF Score™85/100 Financial Strength8/10 Profitability9/10 Growth10/10 Valuation1/10 Momentum6/10 The GF Score™ of 85/100 reflects a strong performance, particularly in areas such as Growth (10/10) and Profitability (9/10), which highlight WWD's ability to generate earnings and expand. However, the Valuation score of 1/10 indicates a significant concern regarding its current market price relative to its intrinsic value. The Financial Strength score of 8/10 suggests a solid foundation, but the low Valuation score highlights the risks associated with the high market price.
What Are Insiders Doing with WWD Stock? Recent insider activity for Woodward Inc shows that insiders have sold $14.0 million in stock over the last three months without any reported buying. This pattern of selling may indicate a lack of confidence among insiders regarding the stock's future performance or current valuation levels. Such selling activity can be a red flag for potential investors, as insiders typically have more insight into the company's prospects.
What This Means for Investors Based on the GF Value™ assessment, Woodward Inc WWD is currently overvalued. The substantial difference between the current stock price and the GF Value™ suggests caution for potential investors considering a position in the company.
For the complete analysis, visit the Woodward Inc WWD stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is WWD's GF Score™?
WWD's GF Score™ is 85/100, indicating a strong overall performance relative to its peers and suggesting potential for higher long-term returns.
Is WWD overvalued or undervalued?
WWD is considered overvalued based on the GF Value™, which indicates the stock price is significantly above its intrinsic value.
What is WWD's P/E ratio?
WWD's P/E (TTM) ratio is 47.9x, which is 33% above its 5-year median of 35.9x, suggesting it is trading at a premium compared to its historical valuations.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
FORT COLLINS, Colo., April 22, 2026 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ: WWD) and Lufthansa Technik have entered an Elite Licensed Repair Service Facility Agreement (LRSF), reinforcing their long-standing cooperation for support of Woodward components on the CFM International LEAP-1A and LEAP-1B* engines. As part of Woodward’s newly established two-tier global support network, Lufthansa Technik is the first network partner authorized to provide the complete range of repair and overhaul services on Woodward fuel controls, valves, and actuators on the CFM LEAP engines.
For operators of Airbus A320neo and Boeing 737 MAX aircraft, this agreement will translate into enhanced service resilience and greater planning certainty. Lufthansa Technik, as a CFM Premier MRO provider, already supports a significant number of CFM LEAP engine-powered aircraft. The Elite partnership further strengthens Lufthansa Technik’s ability to deliver integrated, OEM-aligned repair and overhaul services for Woodward fuel controls, actuators, and valves – the critical system that drives engine performance and reliability – as CFM LEAP fleets continue to grow.
As part of the collaboration, Lufthansa Technik will invest in advanced tooling and test equipment to enable full Elite-level capabilities for Woodward components. This investment reflects the company’s long-term commitment to the CFM LEAP platform and its determination to deliver OEM-compliant, high-quality repair solutions for CFM LEAP-1A and LEAP-1B engine operators worldwide.
“The partnership with Lufthansa Technik is an important step forward in our collaboration and for delivering excellent service to customers,” said John DiSilvestro, Senior Vice President of Sales, Marketing, and Service at Woodward. “Lufthansa Technik is a proven leader in engine and component maintenance and a trusted partner. Together, we are strengthening global support for the growing CFM LEAP engine fleet.”
“For our customers, this partnership agreement translates into tangible operational benefits: OEM-supported repair capabilities, close technical alignment, and continuity provide the reliability that airlines need when operating highly efficient and complex next-generation engines,” said Berit Plewinsky, Vice President Commercial Aircraft Component Services at Lufthansa Technik. “This milestone strengthens our ability to support LEAP fleets sustainably throughout their lifecycle.”
“This collaboration reflects a high level of mutual trust and long-term commitment between Woodward and Lufthansa Technik,” said Henning Linnekogel, Senior Director OEM Partner Management at Lufthansa Technik. “By joining Woodward’s ELITE network as the first independent MRO, we are deepening our collaboration and setting new standards in CFM LEAP component support.”
“This agreement is about delivering more value to customers,” said Jacob Roush, Vice President of Sales at Woodward. “Airlines need highly reliable solutions that keep aircraft flying efficiently and downtime to a minimum. Partnering with Lufthansa Technik at the Elite level allows us to expand access to OEM-aligned services for Woodward fuel controls, actuators, and valves across the global CFM LEAP fleet.”
From left to right: Henning Linnekogel, Senior Director OEM Partner Management at Lufthansa Technik, Berit Plewinsky, Vice President Commercial Aircraft Component Services at Lufthansa Technik, and John DiSilvestro, Vice President Sales, Marketing and Services at Woodward
About Woodward
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion, and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.
About Woodward’s Licensed Repair Services Facility Program (LRSF)
Woodward’s LRSF program provides Maintenance, Repair and Overhaul (MRO) stations with licenses and technology packages to perform MRO services on Woodward engine components and systems on CFM LEAP engines.
The program features two distinct tiers: Elite and Authorized, each offering unique benefits. MRO service providers can choose the tier that best suits their needs.
Key features include:
Direct access to the CMM from Woodward as requiredAccess to technical assistanceTechnology Package that includes tooling, training, and know-how
About Lufthansa Technik
The Lufthansa Technik Group is one of the leading providers of technical aircraft services in the world. Certified internationally as a maintenance, production, and design organization, the company employs more than 23,000 people in dozens of locations around the globe. Lufthansa Technik offers the full range of services for commercial, VIP, and special-mission aircraft. The portfolio includes maintenance, repair, overhaul, and modification of airframes, engines, components, and landing gears, as well as the manufacture of innovative cabin products and digital fleet support.
* LEAP engines are a product of CFM International, a 50/50 joint company between GE Aerospace and Safran Aircraft Engines.
Curado is a distinguished global executive who brings CEO and board experience across industrial, energy, and aerospace markets April 24, 2026 07:00 ET | Source: Woodward, Inc.
FORT COLLINS, Colo., April 24, 2026 (GLOBE NEWSWIRE) -- Woodward (NASDAQ: WWD), a world leader in the design and manufacture of aerospace and industrial controls, today announced the election of Frederico Fleury Curado to its Board of Directors and its Audit Committee, effective June 1, 2026. Curado brings more than four decades of leadership experience in industrial and aerospace companies.
“Fred is a proven global business leader who has helped complex organizations improve performance and sharpen strategy,” said Chip Blankenship, Chair and CEO of Woodward. “His deep experience across industrial, energy, and aerospace markets, along with a strong track record in governance and his global experience, will be valuable as we pursue our long-term growth strategy and create value for our company, our customers, and stockholders.”
Curado most recently served as Chief Executive Officer of Ultrapar S.A. from 2017 to 2021. During his tenure, he led a comprehensive portfolio optimization strategy that repositioned the company around its core energy and infrastructure businesses, enabling greater focus and capital allocation to its fuel distribution, LPG, and logistics platforms. Prior to Ultrapar, Curado served as President and Chief Executive Officer of Embraer S.A. from 2007-2016. During his tenure, Curado helped transform Embraer from a regional jet manufacturer into a diversified global aerospace leader, overseeing the development of the E-Jets E2, Legacy 450/500 and KC-390 Millennium programs. Earlier in his career, Curado held senior leadership roles in the aerospace sector, where he developed a strong reputation for operational excellence, international market expansion, and disciplined capital management.
Curado’s board and executive leadership experience spans governance, compensation, audit oversight, environmental, and safety matters, bringing practical oversight experience to Woodward’s Board.
He currently serves on the boards of ABB Ltd. (Chair, Compensation Committee), LATAM Airlines Group S.A. (Chair, Audit Committee), and Transocean Ltd. (Compensation Committee and Chair, Governance, Safety & Environment Committee).
About Woodward
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion, and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.
FORT COLLINS, Colo., April 27, 2026 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD) today announced that its Board of Directors declared a cash dividend of $0.32 per share for the quarter, payable on June 4, 2026, for stockholders of record as of May 21, 2026.
About Woodward, Inc.
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.
Notice Regarding Forward-Looking Statements
The statements in this release contain forward-looking statements that involve risks and uncertainties, including statements concerning the company’s cash dividend. Actual results could differ materially from projections or any other forward-looking statements and we have no obligation to update our forward-looking statements. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Annual Report and Form 10-K for the year ended September 30, 2025, and any subsequently filed Quarterly Report on Form 10-Q.
CONTACT: Dan Provaznik Director Investor Relations 970-498-3849 [email protected]
Key Takeaways WWD set to report Q2 FY26 on April 29, with revenues seen up 12.4% and EPS up 18.3%.Woodward's Aerospace growth driven by OEM, defense demand and strong commercial services activity.WWD Industrial gains from power demand and data centers, but China exit and macro risks weigh. Woodward, Inc (WWD - Free Report) is scheduled to report second-quarter fiscal 2026 results on April 29.
The Zacks Consensus Estimate for revenues is pegged at $992.8 million, which implies an increase of 12.4% from the year-ago reported number. The consensus mark for earnings is pegged at $2.00 per share, indicating a year-over-year increase of 18.3%.
WWD’s earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 17.93%.
Image Source: Zacks Investment Research
Woodward’s shares have gained 101.1% compared with the Aerospace Defense Equipment industry’s growth of 28.2% in the past year.
Factors to Note Ahead of WWD’s Q2 ResultsWWD’s performance in the fiscal second quarter is likely to have been powered by momentum in the Aerospace segment and core industrial end markets.
Strength in the commercial OEM and services, as well as higher defense activity, are likely to have supported Aerospace momentum, despite supply-chain challenges. In the last reported quarter, commercial OEM and defense OEM sales were up 22% and 23%, respectively. OEM sales supported by pricing tailwinds like JDAM.
WWD has been witnessing strong growth across its defense portfolio, including a considerably higher smart defense order activity. Geopolitical developments have been driving higher demand in the defense vertical.
Continued high legacy aircraft utilization, along with growth expected in repair activity and spare parts, is likely to have supported revenues from Commercial services. However, on the last earnings call, management noted that commercial services revenues would normalize owing to tougher comps, as the elevated spare LRU sales in the previous quarter cannot repeat.
Woodward’s Industrial business segment has been gaining from solid demand for power generation and the continued requirement for primary and backup power for data centers. Higher investment in gas-powered generation to support grid stability is another tailwind. Increasing demand for alternative fuels across the marine industry, as well as momentum in the global marine market brought on by capacity and higher utilization, bodes well.
A notable change in the Industrial segment is the planned wind-down of the China on-highway business, though it contributed to the fiscal first quarter earnings. The China on-highway business has delivered inconsistent performance, marked by limited order visibility and pronounced quarter-to-quarter volatility.
Due to its unpredictable operating environment and uneven contribution to revenues and profitability, management has elected to wind down the business by the end of the current fiscal year. This decision is expected to entail $20-$25 million in restructuring and exit-related costs, largely stemming from employee-related expenses, contract cancellations and inventory write-downs.
Favorable mix and strong pricing are holding up margin performance. Global macroeconomic uncertainty, along with ongoing investments in capacity expansion and rising costs, is a concern. Also, a slowdown in production in the oil and gas sector and supply-chain challenges in the Aerospace segment remain concerns.
We expect revenues from the Aerospace segment to increase 16.3% to $653 million and from the Industrial segment to increase 6.1% to $341.4 million for the fiscal second quarter.
Recent Key DevelopmentsOn April 23, 2026, Woodward and Air France-KLM Engineering & Maintenance have signed an Elite Licensed Repair Service Facility (“LRSF”) agreement for CFM LEAP-1A and LEAP-1B engine components.
On April 21, 2026, Woodward signed an LRSF agreement with Lufthansa Technik to support its components on CFM LEAP engines. Lufthansa Technik becomes the first network partner authorized to provide full repair and overhaul services, enhancing support for Airbus A320neo and Boeing 737 MAX operators.
On April 15, 2026, Woodward announced an agreement to sell its pilot controls product line and related services to Ontic Engineering and Manufacturing, subject to customary closing conditions and regulatory approvals.
On March 9, 2026, Woodward announced an agreement to acquire Jet Research Development, Inc., which operates as Valve Research & Manufacturing Company. The company specializes in the manufacturing of high-precision flow control valves for aerospace applications and is a strategic fit for WWD’s aerospace controls portfolio.
What Our Model Says for WWDOur proven model does not conclusively predict an earnings beat for WWD this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here.
WWD has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to ConsiderHere are three stocks you may want to consider, as our model shows that these have the right elements to post an earnings beat in this reporting cycle.
Sandisk Corporation (SNDK - Free Report) currently has an Earnings ESP of +4.96% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Sandisk is scheduled to report quarterly earnings on April 30. The Zacks Consensus Estimate for SNDK’s to-be-reported quarter’s earnings and revenues is pegged at $13.92 per share and $4.55 billion, respectively. Shares of SNDK have skyrocketed 2,967.5% in the past year.
Monolithic Power Systems (MPWR - Free Report) has an Earnings ESP of +0.78% and a Zacks Rank #2 at present. MPWR is scheduled to report quarterly figures on April 30.
The Zacks Consensus Estimate for MPWR’s to-be-reported quarter’s earnings and revenues is pegged at $4.89 per share and $781.1 million, respectively. Shares of MPWR are up 178.9% in the past year.
Sirius XM (SIRI - Free Report) has an Earnings ESP of +0.58% and a Zacks Rank #2 at present. SIRI is scheduled to report quarterly figures on April 30. The Zacks Consensus Estimate for SIRI’s to-be-reported quarter’s earnings and revenues is pegged at 70 cents per share and $2.07 billion, respectively. Shares of SIRI are up 22.2% in the past year.
FORT COLLINS, Colo., April 29, 2026 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD) today reported financial results for its second quarter ended March 31, 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.
Second Quarter Overview Second Quarter 2026 Year-to-Date 2026Net sales$1.1B, +23% $2.1B, +26%Net earnings$134M, +23% $268M, +37%Adjusted net earnings1$139M, +35% $273M, +47%Earnings per share (EPS)$2.19, +23% $4.36, +36%Adjusted EPS1$2.27, +34% $4.44, +46%Net cash provided by operating activities$91M, +17% $205M, +83%Free cash flow1$38M, -36% $109M, +80%
"We delivered outstanding second quarter results reflecting robust demand and strong execution across both segments,” said Chip Blankenship, Chairman and Chief Executive Officer. “Aerospace performance was largely driven by continued strength in commercial services activity and OEM demand. Industrial grew across the board in transportation, power generation, and oil and gas.
“Based on our first half performance and continued demand strength, we are raising our full-year outlook. We remain focused on executing in a dynamic environment while continuing to invest in innovation and operational excellence to deliver sustained profitable growth and long-term shareholder value.”
Second Quarter Fiscal Year 2026 Company Results
Total Company Results
(Dollars in millions, except per share amounts) Three Months Ended March 31, Six Months Ended March 31, 2026 2025 Year over Year 2026 2025 Year over Year Income Statement Net sales$1,091 $884 23% $2,087 $1,656 26%Net earnings 134 109 23% 268 196 37%Adjusted net earnings 139 103 35% 273 186 47%EPS$2.19 $1.78 23% $4.36 $3.20 36%Adjusted EPS$2.27 $1.69 34% $4.44 $3.04 46%EBIT1 179 144 24% 358 257 39%Adjusted EBIT1 186 136 36% 364 243 50%Effective tax rate 20.0% 18.1%190 bps 20.5% 16.5%400 bps Adjusted effective tax rate1 20.2% 17.7%250 bps 20.5% 16.1%440 bps Cash Flow and Financial Position Net cash provided by operating activities$91 $78 17% $205 $112 83%Capital Expenditures53 18 186% 97 52 86%Free cash flow 38 59 -36% 109 60 80% Dividends Paid 19 17 14% 36 31 14%Share Repurchases 226 44 412% 355 79 346%Total Debt 1,123 912 23%EBITDA1Leverage 1.4x 1.5x Segment Results
Aerospace
(Dollars in millions) Three Months Ended March 31, Six Months Ended March 31, 2026 2025 Year over Year 2026 2025 Year over Year Commercial OEM$218 $167 30% $406 $322 26%Commercial services 275 202 36% 520 366 42%Defense OEM 151 138 9% 289 251 15%Defense services 59 54 8% 123 118 4% Sales 703 562 25% 1,338 1,056 27%Segment Earnings 158 125 27% 306 219 40%Segment Margin % 22.5% 22.2%30 bps 22.9% 20.8%210 bps Segment earnings for the second quarter of 2026 were $158 million, or 22.5 percent of segment net sales. Segment earnings for the first half of fiscal 2026 were $306 million, or 22.9 percent of segment net sales. The increase in segment earnings in both periods was a result of price realization and higher sales volumes, partially offset by inflation, strategic investments in manufacturing capabilities, research and development, and the enterprise resource planning system upgrade.
Industrial
(Dollars in millions) Three Months Ended March 31, Six Months Ended March 31, 2026 2025 Year over Year 2026 2025 Year over Year Transportation$177 $132 34% $343 $239 43%Power generation 136 126 7% 259 241 7%Oil and gas 74 63 18% 147 120 23% Sales 387 322 20% 749 601 25%Segment Earnings 66 46 43% 133 86 54%Segment Margin % 17.0% 14.3%270 bps 17.7% 14.3%340 bps Industrial segment earnings for the second quarter of 2026 were $66 million, or 17.0 percent of segment net sales. Industrial segment earnings for the first half of fiscal 2026 were $133 million, or 17.7 percent of segment net sales. The increase in segment earnings in both periods was a result of higher sales volume, price realization, and favorable mix, partially offset by inflation and a reserve for a product performance claim.
Nonsegment
(Dollars in millions) Three Months Ended March 31, Six Months Ended March 31, 2026 2025 Year over Year 2026 2025 Year over Year Nonsegment Expense$(45)$(27) 68% $(82)$(49) 67%Adjusted Nonsegment Expenses (38) (34) 12% (75) (62) 21%
Fiscal Year 2026 Guidance
Based on strong second quarter performance and improved confidence in the second half outlook, Woodward is raising its 2026 sales and earnings guidance.
Prior FY26 GuidanceRevised FY26 Guidance Issued on February 2, 2026Issued on April 29, 2026Total Company Sales growthup 14% to 18%up 20% to 23%Adjusted EPS3$8.20 - $8.60$9.15 - $9.45Free cash flow3$300 - $350 millionNo changeCapital expenditures~$290 millionNo changeShares~61 million~61.5 millionAdjusted effective tax rate3~22%No change Segment Data Aerospace Sales Growthup 15% to 20%up 21% to 24%Segment Earnings (% of Sales)22% to 23%23% to 23.5%Industrial Sales Growthup 11% to 14%up 18% to 20%Segment Earnings (% of Sales)16% to 17%18% to 18.5%
Conference Call
Woodward will hold an investor conference call at 5:00 p.m. ET on April 29, 2026, to provide an overview of the financial performance for its second quarter ended March 31, 2026, business highlights, and guidance for fiscal 2026. You are invited to listen to the live webcast of our conference call, or a recording, and view or download accompanying presentation slides at our website, www.woodward.com2.
You may also listen to the call by dialing 1-800-715-9871 (domestic) or 1-646-307-1963 (international). Participants should call prior to the start time to allow for registration; the Conference ID is 4675940. The call and presentation will be available on the website by selecting “Investors/Events & Presentations” from the menu and will remain accessible on the company’s website for one year.
About Woodward, Inc.
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Together with our customers, we are enabling the path to a cleaner, decarbonized world. Our innovative fluid, combustion, electrical, propulsion, and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.
Cautionary Statement
Information in this press release contains forward-looking statements regarding future events and our future results within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including, but not limited to, the continued strength in demand for our products and services; our investments in our business, including in our capabilities, innovation, and operational discipline, including whether these investments ultimately lead to sustained profitable growth and long-term shareholder value; and statements regarding our business and guidance for fiscal year 2026, including our guidance for sales, adjusted earnings per share, segment sales growth rates, segment earnings margin growth rates, adjusted effective tax rate, free cash flow, capital expenditures, and diluted weighted average shares outstanding, as well as our assumptions regarding our guidance, anticipated trends in our business and markets, including our assumptions regarding sales, demand, and margin expansion in fiscal 2026. Factors that could cause actual results and the timing of certain events to differ materially from the forward-looking statements include, but are not limited to: (1) global economic uncertainty and instability, including in the financial markets that affect Woodward, its customers, and its supply chain; (2) risks related to constraints and disruptions in the global supply chain and labor markets; (3) Woodward’s long sales cycle; (4) risks related to Woodward’s concentration of revenue among a relatively small number of customers; (5) Woodward’s ability to implement and realize the intended effects of any restructuring efforts; (6) Woodward’s ability to successfully manage competitive factors including expenses and fluctuations in sales, as well as innovation and new product development; (7) changes and consolidations in the aerospace market; (8) Woodward’s financial obligations including debt obligations and tax expenses and exposures; (9) risks related to Woodward’s U.S. government contracting activities including potential changes in government spending patterns; (10) volatility with respect to the China on-highway natural gas truck market; (11) Woodward’s ability to protect its intellectual property rights and avoid infringing the intellectual property rights of others; (12) changes in the estimates of fair value of reporting units or of long-lived assets; (13) environmental risks; (14) Woodward’s continued access to a stable workforce and favorable labor relations with its employees, including its ability to retain key personnel or attract and retain new qualified personnel; (15) Woodward’s ability to manage various regulatory and legal matters; (16) risks from operating internationally; (17) cybersecurity, data privacy, and other technological risks; and other risk factors and risks described in Woodward's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 30, 2025, any subsequently filed Quarterly Report on Form 10-Q, and other risks described in Woodward’s filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date hereof and Woodward assumes no obligation to update such statements, except as required by applicable law.
Woodward, Inc. and Subsidiaries
Condensed Consolidated Statement of Earnings
(Unaudited – In thousands) Three Months Ended March 31, Six Months Ended March 31, 2026 2025 2026 2025 Net sales$1,090,568 $883,629 $2,087,022 $1,656,354 Costs and expenses: Cost of goods sold 774,660 643,530 1,478,953 1,226,621 Selling, general, and administrative expenses 102,285 83,842 197,270 153,538 Research and development costs 46,119 37,230 83,875 67,437 Restructuring charges 6,815 - 6,815 - Interest expense 12,035 11,889 22,379 24,230 Interest income (715) (1,021) (1,416) (2,398)Other income, net (18,058) (24,804) (37,432) (47,891)Total costs and expenses 923,141 750,666 1,750,444 1,421,537 Earnings before income taxes 167,427 132,963 336,578 234,817 Income taxes 33,414 24,014 68,846 38,777 Net earnings$134,013 $108,949 $267,732 $196,040 Earnings per share amounts: Basic earnings per share$2.25 $1.83 $4.48 $3.30 Diluted earnings per share$2.19 $1.78 $4.36 $3.20 Weighted average common shares outstanding: Basic 59,611 59,432 59,725 59,323 Diluted 61,276 61,344 61,462 61,258 Cash dividends paid per share$0.32 $0.28 $0.60 $0.53 Woodward, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(Unaudited – In thousands) March 31,
2026 September 30,
2025 Assets Current assets: Cash and cash equivalents$501,169 $327,431 Accounts receivable 931,231 831,116 Inventories 704,465 654,608 Income taxes receivable 69,743 1,553 Other current assets 65,314 69,706 Total current assets 2,271,922 1,884,414 Property, plant, and equipment, net 1,034,798 986,623 Goodwill 825,503 832,288 Intangible assets, net 408,801 428,080 Deferred income tax assets 44,737 118,711 Other assets 383,351 380,027 Total assets$4,969,112 $4,630,143 Liabilities and stockholders’ equity Current liabilities: Short-term debt$623,000 $122,300 Current portion of long-term debt 46,905 122,934 Accounts payable 305,855 289,417 Income taxes payable 54,532 59,655 Accrued liabilities 281,463 313,083 Total current liabilities 1,311,755 907,389 Long-term debt, less current portion 453,373 456,968 Deferred income tax liabilities 105,332 107,669 Other liabilities 573,192 591,727 Total liabilities 2,443,652 2,063,753 Stockholders’ equity 2,525,460 2,566,390 Total liabilities and stockholders’ equity$4,969,112 $4,630,143 Woodward, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(Unaudited – In thousands) Six Months Ended March 31, 2026 2025 Net cash provided by operating activities$205,264 $112,341 Cash flows from investing activities: Payments for purchase of property, plant, and equipment(96,720) (51,990)Proceeds from sale of assets- 33 Proceeds from short-term investments65 2,923 Proceeds from business divestitures- 44,896 Payments for acquisitions, net of cash acquired(2,808) - Net cash (used in) investing activities (99,463) (4,138) Cash flows from financing activities: Cash dividends paid(35,853) (31,453)Proceeds from sales of treasury stock40,388 49,717 Payments for repurchases of common stock(355,297) (79,493)Borrowings on revolving lines of credit and short-term borrowings2,010,053 1,350,200 Payments on revolving lines of credit and short-term borrowings(1,509,353) (1,306,100)Payments of long-term debt and finance lease obligations(75,507) (473)Net cash provided by (used in) financing activities 74,431 (17,602)Effect of exchange rate changes on cash and cash equivalents(6,494) (8,730)Net change in cash and cash equivalents173,738 81,871 Cash and cash equivalents, including restricted cash, at beginning of year 327,431 282,270 Cash and cash equivalents, including restricted cash, at end of period501,169 $364,141 Woodward, Inc. and Subsidiaries
Segment Net Sales and Net Earnings
(Unaudited – In thousands) Three Months Ended March 31, Six Months Ended March 31, 2026 2025 2026 2025 Segment net sales: Aerospace 703,321 561,729 1,338,218 1,055,611 Industrial 387,247 321,900 748,804 600,743 Total consolidated net sales$1,090,568 $883,629 $2,087,022 $1,656,354 Segment earnings*: Aerospace 158,075 124,616 306,470 219,341 As a percent of segment net sales 22.5% 22.2% 22.9% 20.8%Industrial 65,721 45,967 132,715 86,164 As a percent of segment net sales 17.0% 14.3% 17.7% 14.3%Total segment earnings$223,796 $170,583 $439,185 $305,505 Nonsegment expenses (45,049) (26,752) (81,644) (48,856)EBIT$178,747 $143,831 $357,541 $256,649 Interest expense, net (11,320) (10,868) (20,963) (21,832)Consolidated earnings before income taxes$167,427 $132,963 $336,578 $234,817 *This schedule reconciles segment earnings, which exclude certain costs, to consolidated earnings before taxes. Payments for property, plant and equipment$52,591 $18,416 $96,720 $51,990 Depreciation expense$22,482 $20,794 $44,178 $41,756 Woodward, Inc. and Subsidiaries
Reconciliation of Net Earnings and EPS to Adjusted Earnings1 and Adjusted EPS1
(Unaudited – In thousands, except per share amounts) Three Months Ended March 31, 2026 2025 Net
Earnings Earnings
Per Share Net
Earnings Earnings
Per Share Net Earnings (U.S. GAAP)$134,013 $2.19 $108,949 $1.78 Non-U.S. GAAP Adjustments Restructuring charges 6,815 0.11 - - Product rationalizationa - - (11,163) (0.18)Business development activitiesb - - 3,793 0.06 Tax Effect of Non-U.S. GAAP Net Earnings Adjustments (1,702) (0.03) 1,811 0.03 Total non-U.S. GAAP Adjustments 5,113 0.08 (5,559) (0.09)Adjusted Net Earnings (Non-U.S. GAAP)$139,126 $2.27 $103,390 $1.69 Presented in the line item "Other income, net" in Woodward's Condensed Consolidated Statement of Earnings.Presented in the line item "Selling, general, and administrative expenses" in Woodward's Condensed Consolidated Statement of Earnings. Woodward, Inc. and Subsidiaries
Reconciliation of Net Earnings and EPS to Adjusted Net Earnings1 and Adjusted EPS1
(Unaudited – In thousands, except per share amounts) Six Months Ended March 31, 2026 2025 Net
Earnings Earnings
Per Share Net
Earnings Earnings
Per Share Net Earnings (U.S. GAAP)$267,732 $4.36 $196,040 $3.20 Non-U.S. GAAP Adjustments Restructuring charges 6,815 0.11 - - Product rationalizationa - - (20,524) (0.33)Business development activitiesb - - 7,310 0.12 Tax Effect of Non-U.S. GAAP Net Earnings Adjustments (1,702) (0.03) 3,130 0.05 Total non-U.S. GAAP Adjustments 5,113 0.08 (10,084) (0.16)Adjusted Net Earnings(Non-U.S. GAAP)$272,845 $4.44 $185,956 $3.04 Presented in the line item "Other income, net" in Woodward's Condensed Consolidated Statement of Earnings.Presented in the line item "Selling, general, and administrative expenses" in Woodward's Condensed Consolidated Statement of Earnings. Woodward, Inc. and Subsidiaries
Reconciliation of Income Tax Expense
to Adjusted Income Tax Expense1
(Unaudited – In thousands) Three Months Ended March 31, 2026 2025 Income tax expense (U.S. GAAP)$33,414 $24,014 Tax Effect of Non-U.S. GAAP Net Earnings Adjustments 1,702 (1,811)Adjusted Income Tax Expense (Non-U.S. GAAP)$35,116 $22,203 Adjusted Income Tax Rate (Non-U.S. GAAP) 20.2% 17.7% Woodward, Inc. and Subsidiaries
Reconciliation of Income Tax Expense to Adjusted Income Tax Expense1
(Unaudited – In thousands) Six Months Ended March 31, 2026 2025 Income tax expense (U.S. GAAP)$68,846 $38,777 Tax Effect of Non-U.S. GAAP Net Earnings Adjustments 1,702 (3,130)Adjusted Income Tax Expense (Non-U.S. GAAP)$70,548 $35,647 Adjusted Income Tax Rate (Non-U.S. GAAP) 20.5% 16.1% Woodward, Inc. and Subsidiaries
Reconciliation of Net Earnings to EBIT1 and Adjusted EBIT1
(Unaudited – In thousands) Three Months Ended March 31, 2026 2025 Net Earnings (U.S. GAAP)$134,013 $108,949 Income Tax Expense 33,414 24,014 Interest Expense 12,035 11,889 Interest Income (715) (1,021)EBIT (Non-U.S. GAAP) 178,747 143,831 Total non-U.S. GAAP Adjustments 6,815 (7,370)Adjusted EBIT(Non-U.S. GAAP)$185,562 $136,461 Woodward, Inc. and Subsidiaries
Reconciliation of Net Earnings to EBIT1 and Adjusted EBIT1
(Unaudited – In thousands) Six Months Ended March 31, 2026 2025 Net Earnings (U.S. GAAP)$267,732 $196,040 Income Tax Expense 68,846 38,777 Interest Expense 22,379 24,230 Interest Income (1,416) (2,398)EBIT (Non-U.S. GAAP) 357,541 256,649 Total non-U.S. GAAP Adjustments 6,815 (13,214)Adjusted EBIT(Non-U.S. GAAP)$364,356 $243,435 Woodward, Inc. and Subsidiaries
Reconciliation of Net Earnings to EBITDA1 and Adjusted EBITDA1
(Unaudited – In thousands) Three Months Ended March 31, 2026 2025 Net Earnings (U.S. GAAP)$134,013 $108,949 Income Tax Expense 33,414 24,014 Interest Expense 12,035 11,889 Interest Income (715) (1,021)Amortization of intangible assets 7,424 6,772 Depreciation Expense 22,482 20,794 EBITDA (Non-U.S. GAAP) 208,653 171,397 Total non-U.S. GAAP Adjustments 6,815 (7,370)Adjusted EBITDA(Non-U.S. GAAP)$215,468 $164,027 Woodward, Inc. and Subsidiaries
Reconciliation of Net Earnings to EBITDA1 and Adjusted EBITDA1
(Unaudited – In thousands) Six Months Ended March 31, 2026 2025 Net Earnings (U.S. GAAP)$267,732 $196,040 Income Tax Expense 68,846 38,777 Interest Expense 22,379 24,230 Interest Income (1,416) (2,398)Amortization of Intangible Assets 14,766 13,686 Depreciation Expense 44,178 41,756 EBITDA (Non-U.S. GAAP) 416,485 312,091 Total non-U.S. GAAP Adjustments 6,815 (13,214)Adjusted EBITDA(Non-U.S. GAAP)$423,300 $298,877 Woodward, Inc. and Subsidiaries
Reconciliation of Non-Segment Expenses to Adjusted Non-Segment Expenses1
(Unaudited – In thousands) Three Months Ended March 31, 2026 2025 Non-Segment Expenses (U.S. GAAP)$(45,049)$(26,752)Restructuring charges 6,815 - Product rationalization - (11,163)Business development activities - 3,793 Adjusted Non-Segment Expenses (Non-U.S. GAAP)$(38,234)$(34,122) Woodward, Inc. and Subsidiaries
Reconciliation of Non-Segment Expenses to Adjusted Non-Segment Expenses1
(Unaudited – In thousands) Six Months Ended March 31, 2026 2025 Non-Segment Expenses (U.S. GAAP)$(81,644)$(48,856)Restructuring charges 6,815 - Product rationalization - (20,524)Business development activities - 7,310 Adjusted Non-Segment Expenses (Non-U.S. GAAP)$(74,829)$(62,070) Woodward, Inc. and Subsidiaries
Reconciliation of Net Cash Provided by Operating Activities
to Free Cash Flow1
(Unaudited – In thousands) Three Months Ended March 31, 2026 2025 Net cash provided by operating activities (U.S. GAAP)$90,827 $77,825 Payments for property, plant, and equipment (52,591) (18,416)Free cash flow (Non-U.S. GAAP)$38,236 $59,409 Woodward, Inc. and Subsidiaries
Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow1
(Unaudited – In thousands) Six Months Ended March 31, 2026 2025 Net cash provided by operating activities (U.S. GAAP)$205,264 $112,341 Payments for property, plant, and equipment(96,720) (51,990)Free cash flow (Non-U.S. GAAP)$108,544 $60,351 1Adjusted and Non-U.S. GAAP Financial Measures: Adjusted net earnings, adjusted earnings per share, adjusted income tax expense, adjusted effective income tax rate, EBIT, adjusted EBIT, EBITDA, adjusted EBITDA, and adjusted nonsegment expenses exclude, as applicable, (i) product rationalization, (ii) costs related to business development activities, and (iii) restructuring charges. The product rationalization adjustment pertains to the elimination and divestiture of certain product lines. The Company believes that these excluded items are short‐term in nature, not directly related to the ongoing operations of the business, and therefore, the exclusion of them illustrates more clearly how the underlying business of Woodward is performing. Guidance with respect to non-U.S. GAAP measures as provided in this release excludes, as applicable, restructuring charges.
EBIT (earnings before interest and taxes), adjusted EBIT, EBITDA (earnings before interest, taxes, depreciation and amortization), adjusted EBITDA, free cash flow, adjusted net earnings, adjusted earnings per share, adjusted income tax expenses, adjusted effective income tax rate, and adjusted nonsegment expenses are financial measures not prepared and presented in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Management uses EBIT and adjusted EBIT to evaluate Woodward’s operating performance without the impacts of financing and tax related considerations. Management uses EBITDA and adjusted EBITDA in evaluating Woodward’s operating performance, making business decisions, including developing budgets, managing expenditures, forecasting future periods, and evaluating capital structure impacts of various strategic scenarios. Management also uses free cash flow, which is derived from net cash provided by or used in operating activities less payments for property, plant, and equipment in reviewing the financial performance of Woodward’s business segments and evaluating cash generation levels. Securities analysts, investors, and others frequently use EBIT, EBITDA and free cash flow in their evaluation of companies, particularly those with significant property, plant, and equipment, and intangible assets that are subject to amortization. The use of any of these non-U.S. GAAP financial measures is not intended to be considered in isolation of, or as a substitute for, the financial information prepared and presented in accordance with U.S. GAAP. Because adjusted net earnings, adjusted earnings per share, EBIT, EBITDA, adjusted EBIT, and adjusted EBITDA exclude certain financial information compared with net earnings, the most comparable U.S. GAAP financial measure, users of this financial information should consider the information that is excluded. Free cash flow does not necessarily represent funds available for discretionary use and is not necessarily a measure of our ability to fund our cash needs. Management’s calculations of EBIT, EBITDA, adjusted net earnings, adjusted earnings per share, adjusted EBIT, adjusted EBITDA, adjusted effective income tax rate, adjusted nonsegment expenses, and free cash flow may differ from similarly titled measures used by other companies, limiting their usefulness as comparative measures. EBITDA leverage is calculated by taking a rolling twelve-month EBITDA divided by total debt.
2Website, Facebook: Woodward has used, and intends to continue to use, its Investor Relations website and its Facebook page as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
3FY26 Adjusted EPS, Free Cash Flow and Adjusted Effective Tax Rate: Information reconciling our FY26 adjusted EPS, free cash flow and adjusted effective tax rate guidance to the most directly comparable GAAP financial measures on a forward-looking basis is not available without unreasonable effort primarily due to [the unpredictability of the individual components of the most directly comparable GAAP financial measure and the variability of items excluded from each such measure. Such information may have a significant, and potentially unpredictable, impact on our future financial results.
Contact:
Dan Provaznik
Director, Investor Relations
970-498-3849 [email protected]
Woodward (WWD - Free Report) came out with quarterly earnings of $2.27 per share, beating the Zacks Consensus Estimate of $2 per share. This compares to earnings of $1.69 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +13.30%. A quarter ago, it was expected that this maker of cockpit controls and other equipment for the defense and aerospace markets would post earnings of $1.65 per share when it actually produced earnings of $2.17, delivering a surprise of +31.52%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Woodward, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $1.09 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 9.85%. This compares to year-ago revenues of $883.63 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Woodward shares have added about 20.4% since the beginning of the year versus the S&P 500's gain of 4.3%.
What's Next for Woodward?While Woodward has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Woodward was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.09 on $1.04 billion in revenues for the coming quarter and $8.51 on $4.14 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense Equipment is currently in the bottom 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, ATI (ATI - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on April 30.
This maker of steel and specialty metals is expected to post quarterly earnings of $0.88 per share in its upcoming report, which represents a year-over-year change of +22.2%. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level.
ATI's revenues are expected to be $1.19 billion, up 3.7% from the year-ago quarter.
Woodward (WWD - Free Report) reported $1.09 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 23.4%. EPS of $2.27 for the same period compares to $1.69 a year ago.
The reported revenue represents a surprise of +9.85% over the Zacks Consensus Estimate of $992.75 million. With the consensus EPS estimate being $2.00, the EPS surprise was +13.3%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Woodward performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net sales- Aerospace: $703 million versus $652.32 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +25.1% change.Net sales- Industrial: $387 million compared to the $344.55 million average estimate based on two analysts. The reported number represents a change of +20.2% year over year.Segment earnings- Aerospace: $158 million compared to the $147.37 million average estimate based on two analysts.Segment earnings- Industrial: $66 million versus $54.77 million estimated by two analysts on average.View all Key Company Metrics for Woodward here>>>
Shares of Woodward have returned +1.7% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
MotorTrend Presents Roadkill Nights Powered by Dodge is back at M1 Concourse and Woodward Avenue on August 8, 2026 Street-legal drag racing on famed Woodward Avenue in Metro Detroit highlights one of the summer's can't-miss car culture events Dodge Charger Thrill and Drift Rides, Dodge Charger Grudge Race, celebrity appearances and much more part of action-packed event lineup
The 11th edition of MotorTrend Presents Roadkill Nights Powered by Dodge will return to Woodward Avenue in Metro Detroit on Saturday, August 8, 2026. Mark your calendars. Save the date. MotorTrend Presents Roadkill Nights Powered by Dodge returns on Saturday, August 8, 2026.
"What started as a pop-up drag race and car show in the old Pontiac Silverdome parking lot in 2015 has evolved into a must-attend car culture event of the summer, and in 2026 we're redlining Roadkill Nights with more noise, more power and the most immersive fan moments we've ever delivered, with even more still to come," said Matt McAlear, Dodge CEO. "For the 11th year, we're taking street-legal drag racing back to legendary Woodward Avenue, returning to M1 Concourse in Pontiac, and surrounding it all with full-throttle Dodge experiences you have to see, hear and feel in person. This is an event you don't want to miss."
"Pontiac is a prime destination for signature events, and we're thrilled that we've been the host city for Roadkill Nights for over a decade now," said Pontiac Mayor Mike McGuinness. "We're looking forward to being that destination again on Woodward Avenue for this latest and greatest installment of Roadkill Nights action!"
Dodge and MotorTrend will crank up the Roadkill Nights action with fan activities, including:
Dodge Charger Thrill and Drift Rides in SIXPACK gasoline-powered Dodge Charger muscle cars Dodge Charger Grudge Race Dodge vehicles on display, including the all-new Dodge Charger lineup, HEMI®-powered Dodge Durango lineup and more Car show with classic and modern muscle vehicles Exhibition runs Vendor midway Celebrity appearances Food trucks, musical entertainment and much more More details will be announced throughout the summer. For additional details, visit Hotrod.com/roadkill-nights.
MotorTrend
MotorTrend has chronicled the auto industry's past, present, and future since 1949, catering to in-market shoppers and enthusiasts through authoritative, entertaining storytelling, world-class photography, and engaging video presentations. In addition to in-depth coverage of the latest in automotive technology, reporting on breaking news, and features on the biggest personalities, MotorTrend reviews hundreds of new cars every year, leveraging objective testing and the team's extensive expertise. Its renowned MotorTrend Car of the Year, SUV of the Year, and Truck of the Year awards are also internationally recognized as among the most prestigious in the industry. Follow MotorTrend on X, Instagram and Facebook.
Dodge
For 112 years, the Dodge brand has carried on the spirit of brothers John and Horace Dodge. Today, that legacy roars louder than ever in the next-generation lineup of Dodge, America's performance brand.
The next-gen Dodge Charger multi-energy lineup features:
the SIXPACK-powered standard-output (S.O.) 420-horsepower Dodge Charger R/T with standard all-wheel drive and the highest entry-level horsepower of any muscle car the 550-horsepower Dodge Charger Scat Pack, powered by the 3.0L Twin Turbo SIXPACK high-output (H.O.) engine - the most powerful Hurricane engine in production the world's quickest and most powerful muscle car in the all-electric 670-horsepower Dodge Charger Daytona Scat Pack Every Charger comes standard with all-wheel drive and offers two-door coupe or four-door sedan configurations - because with performance comes choice.
The Dodge lineup is also fueled by the fastest American gas-powered SUV ever, the 710-horsepower Dodge Durango SRT Hellcat, powered by the legendary supercharged HEMI V-8 engine, now available in all 50 states. The new Durango SRT Hellcat Jailbreak breaks free from convention with the three-row SUV, unlocking more than 13 million potential customization combinations. The 360-horsepower 5.7-liter Durango GT HEMI AWD remains the most affordable AWD V-8 in the industry.
The purchase of a SIXPACK-powered Charger Scat Pack, Charger Daytona Scat Pack or Durango SRT Hellcat model includes one day of performance driving instruction at Radford Racing School, the official Dodge//SRT high-performance driving school.
Dodge is part of the portfolio of brands offered by leading global automaker and mobility provider Stellantis. For more information regarding Stellantis (NYSE: STLA), please visit www.stellantis.com.
Follow Dodge and company news and video on:
Media website: media.stellantisnorthamerica.com
Dodge brand: dodge.com
Direct Connection: DCPerformance.com
DodgeGarage: dodgegarage.com
Facebook: facebook.com/dodge
Instagram: @dodgeofficial
X: @dodge and @StellantisNA
YouTube: youtube.com/dodge, youtube.com/StellantisNA
On May 20, 2026, Woodward Inc WWD shares rose 3.4% today, with the current price at $356.38. Over the past 52 weeks, the stock has fluctuated between a high of $407.00 and a low of $204.03.
GF Value™ verdict: At $356.38, Woodward Inc is 58.8% overvalued compared to its GF Value™ estimate of $224.49.GF Score™ of 89/100 indicates a strong overall performance relative to peers.Most notable signal: In the last three months, insiders have sold $11.5 million worth of stock, with no buying activity reported. Is WWD Overvalued or Undervalued? Woodward Inc's current price of $356.38 is significantly above the GF Value™ of $224.49, indicating that the stock is overvalued by 58.8%. This suggests a lack of margin of safety for potential investors, as the stock price is not supported by the company's intrinsic value as per GF Value™. The GF Valuation label categorizes Woodward as "Significantly Overvalued," which raises concerns about the stock's future performance if the price does not align with its intrinsic value. As it stands, investors may face considerable risks if they enter at the current price without a clear understanding of the factors that could affect future valuations.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
How Does WWD's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 42.7x 35.9x Forward P/E 38.0x - The current P/E (TTM) ratio of 42.7x is 19% above its 5-year median P/E of 35.9x, indicating that Woodward is trading above its historical valuation metrics. This analysis aligns with the GF Value™ verdict, reinforcing the conclusion that the stock is overvalued based on its historical trading patterns.
What Does WWD's GF Score™ Tell Us? Metric Rating GF Score™ 89/100 Financial Strength 7/10 Profitability 9/10 Growth 10/10 Valuation 3/10 Momentum 6/10 Woodward's GF Score™ of 89/100 suggests a strong overall performance, particularly in areas like Growth (10/10) and Profitability (9/10), indicating the company's ability to generate earnings and expand. However, the Valuation rank of 3/10 highlights a significant weakness, confirming the concerns regarding its current overvaluation. The Financial Strength score of 7/10 indicates that the company is relatively stable, but the strong growth potential may be overshadowed by the high valuation risks.
What Are Insiders Doing with WWD Stock? Insider activity at Woodward Inc has shown a notable trend, with insiders selling a total of $11.5 million worth of shares in the last three months. There has been no reported insider buying during this period. This pattern may suggest a lack of confidence among insiders regarding the stock's current price or future prospects, which could be a red flag for potential investors.
What This Means for Investors Based on the GF Value™ assessment, Woodward Inc WWD is currently overvalued. The significant discrepancy between the current stock price and the intrinsic value suggests that investors may want to exercise caution in their investment decisions.
For the complete analysis, visit the Woodward Inc WWD stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is WWD's GF Score™?
WWD has a GF Score™ of 89/100, indicating a strong overall performance compared to its peers, with a particularly high ranking in growth and profitability.
Is WWD overvalued or undervalued?
WWD is currently overvalued, with a GF Value™ estimate of $224.49 compared to its current price of $356.38, marking a 58.8% overvaluation.
What is WWD's P/E ratio?
WWD's P/E (TTM) ratio is 42.7x, which is significantly higher than its 5-year median P/E of 35.9x, indicating that the stock is trading above its historical valuation levels.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.
In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
Our proprietary system currently recommends Woodward (WWD - Free Report) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this maker of cockpit controls and other equipment for the defense and aerospace markets is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings GrowthEarnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Woodward is 27.8%, investors should actually focus on the projected growth. The company's EPS is expected to grow 35.5% this year, crushing the industry average, which calls for EPS growth of 21.3%.
Impressive Asset Utilization RatioGrowth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. This metric exhibits how efficiently a firm is utilizing its assets to generate sales.
Right now, Woodward has an S/TA ratio of 0.84, which means that the company gets $0.84 in sales for each dollar in assets. Comparing this to the industry average of 0.66, it can be said that the company is more efficient.
While the level of efficiency in generating sales matters a lot, so does the sales growth of a company. And Woodward looks attractive from a sales growth perspective as well. The company's sales are expected to grow 21.2% this year versus the industry average of 9.9%.
Promising Earnings Estimate RevisionsBeyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for Woodward. The Zacks Consensus Estimate for the current year has surged 9.7% over the past month.
Bottom LineWhile the overall earnings estimate revisions have made Woodward a Zacks Rank #2 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that Woodward is a potential outperformer and a solid choice for growth investors.
It has been about a month since the last earnings report for Woodward (WWD - Free Report) . Shares have lost about 2.2% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Woodward due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for Woodward, Inc. before we dive into how investors and analysts have reacted as of late.
Woodward's Q2 Earnings Beat Estimates
Woodward reported second-quarter fiscal 2026 adjusted net earnings per share (EPS) of $2.27, which jumped 34.3% year over year and beat the Zacks Consensus Estimate by 13.5%.
Quarterly net sales increased 23.4% year over year to $1090.6 million. The upside was fueled by market tailwinds across Aerospace and Industrial. The top line beat the consensus estimate by 9.9%.
Management highlighted that it is raising its full-year outlook, supported by strong first-half performance and continued demand strength. The company remains focused on disciplined execution in a dynamic environment, while continuing to invest in innovation and operational excellence to drive sustained profitable growth and long-term shareholder value.
WWD’s Segment Results
Aerospace: Net sales were $703 million, up 25% year over year, driven by broad-based strength across commercial services, commercial OEM and defense OEM. Defense OEM and defense services sales were up 9% and 8%, respectively, year over year. Commercial OEM sales were up 30% year over year, while services jumped 36%.
Segmental earnings were $158 million, up from $125 million a year ago. The increase was driven by price realization and higher sales volumes, partially offset by the impact of inflation as well as continued investments in manufacturing capabilities, research and development and the enterprise resource planning system upgrade. Margins expanded 30 basis points (bps) to 22.5%.
Industrial: Net sales totaled $387 million, up 20% year over year, driven by gains across transportation, power generation and oil & gas markets. Core industrial sales, excluding the China on-highway impact, rose 19%.
Transportation sales surged 34%, and oil and gas sales increased 18%. Power generation grew a modest 7%.
Segmental earnings were $66 million, up from $46 million in the year-ago quarter. In the industrial segment, margins increased 270 bps to 17%. The increase was driven by higher sales volumes, effective price realization and a favorable product mix, partially offset by inflationary pressures and a reserve related to a product performance claim.
Other Details
Gross margin was up 180 bps year over year to 29%.
Total costs and expenses were $923.1 million, up 23% year over year.
Adjusted EBITDA was $215.5 million compared with $164 million a year ago.
Cash Flow & Liquidity
As of March 31, 2026, Woodward had $501.2 million in cash and cash equivalents with $453.4 million of long-term debt (less the current portion).
For the quarter ended March 31, 2026, WWD generated $90.8 million of net cash from operating activities compared with $77.8 million reported in the same period last year. For the first half, WWD generated $205.3 million of net cash from operating activities compared with $112.3 million reported a year ago.
For the second quarter, free cash flow was $38.2 million compared with $59.4 million in the year-ago period. This uptick was driven by higher earnings.
Capital expenditures reached $53 million in the second quarter, up from $18 million. The company expects capital spending to rise meaningfully over the remaining two quarters.
In the quarter under review, WWD returned $245 million to its shareholders in the form of $19 million of dividends and $226 million worth of share repurchases.
Fiscal 2026 Guidance
For fiscal 2026, Woodward has raised its overall outlook, reflecting strong performance and improved visibility. The company now expects total sales to grow 20–23%, an increase from the earlier guidance of 14–18%.
At the segment level, Aerospace sales growth is now anticipated at 21–24%, up from the earlier estimated 15–20% range, with segment earnings expected to improve to 23–23.5% of sales compared with 22–23% previously. In the Industrial segment, sales are projected to grow 18–20%, an increase from the prior outlook of 11–14%, while segment earnings are expected to rise to 18–18.5% of sales from the earlier 16–17% range.
The company anticipates adjusted EPS of $9.15–$9.45 versus the prior range of $8.20–$8.60.
Other assumptions remain unchanged — the company still anticipates free cash flow of $300–$350 million, capital expenditures of around $290 million and an adjusted effective tax rate of approximately 22%.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates revision.
The consensus estimate has shifted 13.82% due to these changes.
VGM ScoresAt this time, Woodward has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Woodward has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Kip Woodward will succeed John McLernon after 20 years of service as Company’s Chairman June 10, 2026 09:30 ET | Source: Village Farms International, Inc.
VANCOUVER, British Columbia, June 10, 2026 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced that Christopher “Kip” Woodward has been elected as Chairman of the Company’s Board of Directors for the upcoming year. Mr. Woodward will succeed John McLernon, who has previously served as the Company’s Chairman since 2006 and will remain as a member of the Board of Directors.
Kip Woodward commented, “On behalf of our entire Board of Directors, we’d like to thank John for his 20 years of service as Chairman. John’s leadership has been instrumental in transforming the Company from its roots as a pioneer in North America’s produce industry to becoming a global leader in cannabis and plant-based consumer packaged goods. John remains an invaluable strategic advisor to our entire Board and executive leadership team, and we look forward to his continued contributions.”
John McLernon commented, “It has been a great honor to serve as Chairman of Village Farms Board for the past 20 years. I’m incredibly proud of our collective achievements during my tenure, and believe the Company has a very bright future given our strong financial position, competitive strengths, and the many growth opportunities on our horizon.”
Kip Woodward previously served as Trustee of the Company’s predecessor in Canada, Hot House Growers. Mr. Woodward also serves as Chair or Director of a number of private and public companies as well as charitable institutions. These include Mr. and Mrs. P.A. Woodward’s Foundation, Brentwood College and Second Street.Org. He is currently Vice Chair of Cambie Surgery Corp, and Director of the Great Western Brewery. He is also Honorary Director at the Nature Trust British Columbia, a member of the Provincial Judicial Council of British Columbia, and past Chair of the Vancouver Coastal Health Authority and Providence Health Care.
About Village Farms International, Inc.
Village Farms is a global leader in cannabis, plant-based consumer packaged goods, and sustainable innovation. With a legacy built on decades of Controlled Environment Agriculture expertise and Dutch farming practices, today the Company is one of the world’s largest and most profitable cannabis operators with an asset portfolio that spans over 7 million square feet of advanced greenhouse and indoor cultivation assets.
In Canada, Village Farms operates the world’s largest EU-GMP certified cannabis facility at its production campus in Delta, British Columbia, and exports products to international medical markets. The Company is also a market share leader in dried flower formats and produces and distributes some of the country’s highest quality and best-selling strains, including its flagship Pure Sunfarms Pink Kush, one of the most widely consumed strains on the planet. Village Farms’ Canadian brand portfolio includes Pure Sunfarms, Fraser Valley Weed Co., Soar, Super Toast, Pure Laine, Tam Tams and Promenade.
In the Netherlands, the Company is one of only ten licensed operators in the country’s regulated cannabis program, and in the United States its CBDistillery brand is one of the country’s premier cannabinoid wellness platforms, and it also holds equity interests in cannabis businesses in Australia and Germany. Beyond cannabis, the Company’s Clean Energy division transforms landfill gas into renewable natural gas, and it also holds an equity interest in Verdexa Holdings (formerly Vanguard Food LP), a private venture pursuing strategic acquisitions to build a premier branded food platform in North America.
