Woodward's Q2 sales beat, outlook raised

Woodward

29/04/2026 21:08

Overview

U.S. aerospace and industrial controls maker's fiscal Q2 sales rose 23%, beating analyst expectations

Adjusted EPS for fiscal Q2 rose 34% year-over-year

Company raised full-year sales and adjusted EPS guidance on continued demand strength

Outlook

Woodward raises FY26 sales growth guidance to 20%-23% from 14%-18%

Company lifts FY26 adjusted EPS forecast to $9.15-$9.45 from $8.20-$8.60

Woodward expects FY26 Aerospace sales growth of 21%-24% and Industrial sales growth of 18%-20%

Result Drivers

AEROSPACE DEMAND - Co said Aerospace performance was driven by continued strength in commercial services activity and OEM demand

INDUSTRIAL GROWTH - Co said Industrial grew across transportation, power generation, and oil and gas

PRICE REALIZATION - Co said higher segment earnings were due in part to price realization, partially offset by inflation and increased investments

Company press release: ID:nGNXb0gNM

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$1.10 bln
$1.004 bln (11 Analysts)
Q2 EPS
$2.19
Q2 Adjusted Net Income
$139 mln
Q2 Net Income
$134 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for Woodward Inc is $433.50, about 19.1% above its April 28 closing price of $363.97

The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 36 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)