Woodward, Inc.

Listed Company

WWDCIK 0000108312NasdaqLarge AcceleratedElectrical Industrial ApparatusDelawareFY ends Sep 30

Period

FY 2025

Revenue

$3.57B

Net Income

$442.11M

Total Assets

$4.63B

Equity

$2.57B

Shares Out

59.58M

Op. Cash Flow

$471.29M

Business

Woodward, Inc. designs, manufactures, and services control solutions for the aerospace and industrial markets, focusing on energy control and optimization across motion, fluid, combustion, and electrical systems. It offers fuel pumps, metering units, actuators, valves, fuel nozzles, actuation and flight-deck controls, control electronics and software, sensors, and services including repair, maintenance, and overhaul. The company operates through two reportable segments—Aerospace and Industrial—covering propulsion, combustion, fluid, motion, and electrical energy management for commercial, business, and defense applications. Woodward sells worldwide from facilities in the U.S., Europe, and Asia.

Summary from filing dated 2025-11-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net sales	3,567	3,324	2,915	2,383	2,246
Cost of goods sold	2,611	2,448	2,237	1,857	1,695
Selling, general and administrative expenses	330	307	270	203	187
Research and development costs	148	141	132	120	117
Restructuring activities	—	0	5	−3	5
Interest expense	46	48	48	35	34
Interest income	−4	−6	−3	−2	−1
Other income expense, net	−84	−67	−50	−27	−36
Total costs and expenses	3,046	2,870	2,639	2,183	2,000
Earnings before income taxes	521	454	276	200	246
Income tax expense	79	81	43	28	37
Net earnings	442	373	232	172	209
Basic earnings per share	7.42	6.21	3.88	2.79	3.3
Diluted earnings per share	7.19	6.01	3.78	2.71	3.18
Basic	60	60	60	62	63
Diluted	61	62	61	63	66

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	327	282	137	108	—
Accounts receivable, less allowance for uncollectible amounts of $9,725 and $7,738, respectively	831	770	750	610	523
Inventories	655	609	518	514	420
Income taxes receivable	2	22	14	5	12
Other current assets	70	60	50	75	61
Total current assets	1,884	1,744	1,469	1,312	1,465
Property, plant and equipment, net	987	941	913	910	951
Goodwill	832	807	791	773	805
Intangible assets, net	428	440	452	461	559
Deferred income tax assets	119	84	59	23	14
Other assets	380	353	325	327	297
Total assets	4,630	4,369	4,010	3,806	4,091
Short-term debt	122	217	0	67	—
Current portion of long-term debt	123	86	76	856,000	728,000
Accounts payable	289	287	234	231	171
Income taxes payable	60	41	44	35	11
Accrued liabilities	313	293	263	206	183
Total current liabilities	907	924	617	539	366
Long-term debt, less current portion	457	570	646	710	734
Deferred income tax liabilities	108	122	133	127	158
Other liabilities	592	577	543	529	618
Total liabilities	2,064	2,192	1,939	1,905	1,876
Commitments and contingencies (Note 22)	—	—	—	—	—
Preferred stock, par value $0.003 per share, 10,000 shares authorized, no shares issued	0	0	0	0	—
Common stock, par value $0.001455 per share, 150,000 shares authorized, 72,960 shares issued	106,000	106,000	106,000	106,000	106,000
Additional paid-in capital	482	397	328	294	262
Accumulated other comprehensive losses	−10	−33	−71	−93	−66
Deferred compensation	2	3	3	7	8
Retained earnings	3,600	3,223	2,909	2,727	2,601
Stockholders' equity	4,074	3,590	3,169	2,935	2,805
Treasury stock at cost, 13,060 shares and 13,787 shares, respectively	−1,506	−1,411	−1,095	−1,027	−582
Treasury stock held for deferred compensation, at cost, 28 shares and 45 shares, respectively	−2	−3	−3	−7	−8
Total stockholders' equity	2,566	2,176	2,071	1,901	2,215
Total liabilities and stockholders' equity	4,630	4,369	4,010	3,806	4,091

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	113	116	120	121	130
Net (gain) loss on sales of assets and businesses	−19	−457,000	1	−2	−4
Stock-based compensation	32	33	23	20	21
Deferred income taxes	−52	−45	−40	−23	−12
Trade accounts receivable	−11	36	−113	−54	41
Unbilled receivables (contract assets)	−38	−51	−24	−44	−16
Costs to fulfill a contract	−15	−4	−12	−17	−20
Inventories	−50	−85	3	−110	19
Accounts payable and accrued liabilities	57	64	67	123	62
Contract liabilities	−3	32	20	12	25
Income taxes	32	−18	−4	30	22
Retirement benefit obligations	−3	−2	−909,000	−4	−7
Other	−13	−9	34	−28	−4
Net cash provided by operating activities	471	439	309	194	465
Payments for purchase of property, plant, and equipment	−131	−96	−77	−53	−38
Proceeds from sale of assets	42,000	2	488,000	43,000	154,000
Proceeds from business divestiture	50	2	—	6	—
Payments for business acquisition, net of cash acquired	−42	—	878,000	−22	—
Proceeds from sales of short-term investments	3	10	8	—	—
Payments for purchases of short-term investments	—	−7	−6	−10	−14
Net cash used in investing activities	−120	−89	−74	−65	−35
Cash dividends paid	−65	−58	−51	−45	−36
Proceeds from sales of treasury stock	105	90	51	22	35
Payments for repurchases of common stock	−173	−391	−126	−485	−33
Borrowings on revolving lines of credit and short-term borrowings	2,286	2,963	2,324	952	74
Payments on revolving lines of credit and short-term borrowings	−2,381	−2,746	−2,390	−885	−74
Payments of debt financing costs	—	—	−2	—	—
Payments of long-term debt and finance lease obligations	−86	−76	−779,000	−797,000	−102
Net cash used in financing activities	−314	−218	−196	−442	−136
Effect of exchange rate changes on cash and cash equivalents	7	13	−9	−26	2
Net change in cash and cash equivalents	45	145	30	−341	295

Filings

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