Woodward, Inc.
Business
Woodward, Inc. is an independent designer, manufacturer, and services provider of control solutions for aerospace and industrial markets. The company offers fluid energy, combustion control, electrical energy, and motion control systems including fuel pumps, actuators, valves, and electronic controls for turbine engines, aircraft, industrial gas turbines, and reciprocating engines. Woodward serves two reportable segments—Aerospace and Industrial—through OEM partnerships, tier-one suppliers, and an aftermarket services business including maintenance, repair, and overhaul. The company operates manufacturing facilities in the United States, Europe, and Asia, and provides services globally through commercial airlines, repair facilities, military depots, and end users.
Summary from 10-K filed 2025-11-25
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Woodward, Inc.'s CIK number?
Woodward, Inc.'s SEC CIK number is 0000108312 (108312). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Woodward, Inc.'s SEC filings?
All of Woodward, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Woodward, Inc. last report earnings?
Woodward, Inc. (WWD) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001171843-26-002821). This is Woodward, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Woodward, Inc.'s most recent earnings 8-K?
Woodward, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001171843-26-002821. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Woodward, Inc.'s latest earnings 8-K →
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