Woodward, Inc. reported a strong start to fiscal 2026, with first-quarter results exceeding expectations and prompting an upward revision to full-year guidance. Net sales rose 29% year over year to $996 million, while net earnings increased 54% to $134 million, lifting diluted EPS by 53% to $2.17. Operating cash flow reached $114 million and free cash flow totaled $70 million, reflecting broad-based demand and improved execution across the portfolio. Management highlighted margin expansion in Aerospace, supported by a higher mix of commercial services activity and strong defense OEM demand, while Industrial performance was driven by strength in power generation, transportation, and oil and gas.

Source: Woodward, Inc. Q1 FY2026 earnings release (GlobeNewswire), February 2, 2026