Woodward Inc
WWD - Insider Information
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+ FollowMarket Cap$18.74B
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Earnings Call Q3 2026
July 29, 2026 - AI Summary
Strong Q3 operating/financial performance; margin expansion largely pricing-driven
- Sales +$21% YoY to $1.1B; Adjusted EPS +43% YoY.
- EPS $2.40 vs $1.76; Adjusted EPS $2.52 vs $1.76.
- Free cash flow $87M; $196M YTD (+23%).
- Margin expansion driven primarily by pricing actions (including a notable ~100 bps one-time retroactive Aerospace pricing adjustment).
Aerospace: aftermarket and services strength; growth resilient with “calm” industry backdrop
- Segment sales +$19% YoY to $709M.
- Commercial OEM +34% (output aligned with steadily increasing airframer build rates); Commercial services +24% (high utilization of legacy fleets, plus strong LEAP & GTF activity).
- Defense OEM -6% due to a one-time revenue recognition adjustment; excluding it, growth would be mid-single digits.
- Services continued strength: Defense services +20% (including a large T700 spares delivery).
- Management cited Farnborough as reinforcing strong commercial outlook and potential defense acceleration; also highlighted improving supply chain visibility/predictability (though disruptions remain).
Industrial: very strong profitability jump, but some mix “noise” expected
- Segment sales +$26% YoY to $401M; Core Industrial sales +$19%.
- Industrial earnings $88M (22.1% margin) vs $48M (14.9% margin) prior year.
- Margin drivers: volume leverage + pricing, partially offset by inflation; management says Q3 included favorable mix tailwind (one business line grew less than higher-margin lines), so core margins may normalize next quarter toward earlier-in-year levels.
- China on-highway: better than expected $40M in Q3; management does not expect significant Q4 sales as wind-down completes.
- Industrial opportunities: power generation and data centers remain strong; upstream capex in Middle East showing signs of recovery.
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$185.84
44.4% downside
Current Fair Value
44.4% downsideOvervalued by 44.4% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $18.74 Billion |
|---|---|
| Enterprise Value | $19.67 Billion |
| Annual dividend | $1.24 |
| Dividend yield | 0.39% |
| Earnings per Share | $7.42 |
| Beta | 0.9 |
| Outstanding Shares | 59,632,000 |
Return
| Return on Equity | 22.32% |
|---|---|
| Return on Assets | 10.62% |
| Return on Invested Capital | 18.84% |
Valuation & Multiples
| P/E Ratio | 34.3 |
|---|---|
| PEG | 97.32 |
| Price to Sales | 4.77 |
| Price to Book Ratio | 8.15 |
| Enterprise Value to Revenue | 4.69 |
| Enterprise Value to EBIT | 27.66 |
| Enterprise Value to Net Income | 35 |
| Total Debt to Enterprise | 0.07 |
| Debt to Equity | 0.57 |
Revenue Sources
No data
Last Earnings Call
Report Date
July 29, 2026
EPS Estimate
$2.44
Consensus analyst estimateRevenue Estimate
$1.11 B
Consensus analyst estimateNext Earnings Call
Expected Date
November 18, 2026
EPS Estimate
$2.54
Consensus analyst estimateRevenue Estimate
$1.14 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 69.62% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | 5,000▼ 97.70% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 8.19%▼ 82.63% |
|---|---|
| Total Invested | $1.61B▼ 93.04% |
| Investors Holding | 302▼ 480.00% |
About Woodward Inc
CEO: Thomas Gendron
