Woodward navigates U.S.-Iran conflict, tariff ruling, China exit, and $355M buyback surge

Filed April 30, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 1, 2025 · ~2 min read

Key Changes

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  U.S.-Iran military conflict (March 2026) and NATO sanctions create supply chain, oil price, FX, and cybersecurity risks; company expects significant impacts to begin in FY2027 if airline traffic or defense spending are affected.

  MD&A: U.S.-Iran military conflict verify on EDGAR →
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  Supreme Court invalidated IEEPA tariffs (Feb 2026); CBP recovery process launched April 2026. Woodward was importer of record but cannot estimate financial impact due to uncertainties around recovery amounts and customer pass-through obligations.

  MD&A: Supreme Court tariff ruling verify on EDGAR →
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  Company approved wind-down of China on-highway natural gas truck business (Jan 2026) after failed divestiture attempts; recorded $6.8M in Q2 charges, expects $13M more through FY2026, with exit substantially complete by year-end.

  MD&A: China business wind-down verify on EDGAR →