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Red Flags Detected

  • U.S.-Iran Military Conflict And Sanctions (new) — March 2026 conflict introduces supply-chain, FX, inflation, and cybersecurity risks; material impacts expected FY2027.
  • Effective Tax Rate Increase (worsened) — Rate rose 970 bp (Q3) and 600 bp (YTD) due to elimination of intangible income benefit, higher foreign earnings tax, and state law changes.
  • Tariff Cost Pressure Escalation (worsened) — Company removed 'minimal' qualifier from tariff cost-pressure language, indicating more significant expected impacts.
  • Total Debt Increase (worsened) — Debt rose $409M to $1.34B, driven by $240M higher revolver usage to fund South Carolina facility, capex, and $553M buyback.
NASDAQ: WWD Woodward, Inc. 10-Q

Woodward Q3 revenue +21%, margins expand on pricing power; $553M buyback, Iran conflict risk

Filed July 30, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 1, 2025 · ~2 min read

Key Changes

  • high

    Total revenue rose 21.2% YoY to $1.1B, driven by higher airframer production rates (Commercial OEM) and data-center power demand (Industrial). Aerospace margins expanded 290 bp to 24.0%; Industrial margins jumped 720 bp to 22.1% on volume leverage and price realization.

    MD&A: Revenue & Segment Margins verify on EDGAR →
  • high

    Company repurchased $553.4M of stock YTD (vs $124M prior year) under new $1.8B authorization launched Nov 2025. Funded by higher revolver borrowings ($553.4M vs $353M) and free cash flow ($196M vs $159M).

    MD&A: Capital Allocation & Notes: Buyback verify on EDGAR →
  • high

    Effective tax rate rose to 24.2% (Q3) and 21.8% (YTD) from 14.5% and 15.8% prior year, driven by elimination of U.S. intangible income benefit, higher foreign earnings tax, lower R&D credit, and unfavorable state law changes.

    MD&A: Tax Rate & Notes verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov View full financials on EDGAR ↗

Source-verified from EDGAR · Narrative written by AI · Jul 31, 2026 · How we verify