Woodward’s Aerospace Revival: How Aftermarket Power Plays & OEM Growth Could Help Improve!

Woodward, Incorporated’s first quarter fiscal year 2025 results reflect a mixed performance across its segments, with varied influences impacting both its Aerospace and Industrial divisions. The company reported net sales of $773 million, marking a slight decrease of 2% year-over-year. Earnings per share decreased to $1.42, down from $1.46, with adjusted earnings per share dropping from $1.45 to $1.35. In the Aerospace sector, Woodward experienced a sales increase of 7%, reaching $494 million for the quarter. This growth was driven by strong performances in commercial aftermarket, which rose by 19%, and defense OEM and aftermarket sales, which saw increases of 21% and 8%, respectively. However, commercial OEM sales declined by 10%, largely due to the impact of Boeing’s production pause. Despite these challenges, the segment’s earnings rose to $95 million from $79 million, attributed to price realizations offsetting inflationary pressures and unfavorable mix.