The Fort Collins-based manufacturer reported net income of $133.7 million, or $2.17 per share, for the quarter. This performance represents a substantial leap from the $87.1 million, or $1.42 per share, recorded during the same period last year. According to data from FactSet, the results handily beat the consensus estimate of $1.66 per share. Revenue followed a similar trajectory, climbing to $996.5 million against expectations of $890.1 million.

Growth was broad-based across Woodward’s primary business units. The aerospace division benefited from a lucrative mix of commercial aftermarket services and sustained demand for defense original equipment manufacturing. Simultaneously, the industrial segment saw increased activity in power generation, transportation, and the oil and gas sectors. This operational momentum pushed shares to $373.59, bringing the stock’s 12-month gains to nearly 98%.

Escalating Long-Term Targets

Management expressed confidence in the company's trajectory by significantly upwardly revising its fiscal 2026 outlook. Woodward now expects sales growth between 14% and 18%, a marked increase from its previous forecast of 7% to 12%. The company also raised its full-year earnings-per-share target to a range of $8.20 to $8.60, aligning with or exceeding the current analyst consensus of $8.53.