Woodward Reports Record FY2025 Results and Guides to 7%–12% Growth for 2026

The company pairs a new $1.8 billion buyback with higher capital spending to expand capacity for aerospace and aftermarket opportunities.

Overview

Q4 EPS was $2.09 versus $1.83 expected, and full-year revenue exceeded $3.5 billion.
FY2026 outlook calls for 7–12% sales growth, adjusted EPS of $7.50–$8.00, and about $290 million of capex, including roughly $130 million for the Spartanburg, South Carolina facility.
The company completed a $600 million repurchase, launched a new $1.8 billion authorization, and plans $650–$700 million of shareholder returns in FY2026.
Aerospace posted $2.3 billion in FY2025 sales, up 14%, with Q4 margins at 24.4%; Industrial Q4 sales rose 11% as core markets excluding China grew.
Management expects LEAP and GTF repair revenue to overtake legacy repairs by late 2026 or early 2027 and cautions that recent spare orders were advanced and free cash flow will be temporarily lower due to elevated investment.