Segment Information

6 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Segment Information

Note 23. Segment information

Woodward serves the aerospace and industrial markets through its two reportable segments – Aerospace and Industrial. When appropriate, Woodward’s reportable segments are aggregations of Woodward’s operating segments. Woodward uses operating segment information internally to manage its business, including the assessment of operating segment performance and decisions for the allocation of resources between operating segments.

The accounting policies of the reportable segments are the same as those of the Company. Woodward evaluates segment profit or loss based on internal performance measures for each segment in a given period. In connection with that assessment, Woodward generally excludes matters such as certain charges for restructuring, interest income and expense, certain gains and losses from asset dispositions, or other non-recurring and/or non-operationally related expenses.

A summary of consolidated net sales and earnings by segment follows:

	Three Months Ended March 31,						Six Months Ended March 31,
	2025			2024			2025			2024
Segment external net sales:
Aerospace	$	561,729		$	497,512		$	1,055,611		$	958,268
Industrial		321,900			337,831			600,743			663,805
Total consolidated net sales	$	883,629		$	835,343		$	1,656,354		$	1,622,073
Segment earnings:
Aerospace	$	124,616		$	98,451		$	219,341		$	177,453
Industrial		45,967			65,244			86,164			132,125
Nonsegment expenses		(26,752	)		(32,834	)		(48,856	)		(59,034	)
Interest expense, net		(10,868	)		(10,237	)		(21,832	)		(20,200	)
Consolidated earnings before income taxes	$	132,963		$	120,624		$	234,817		$	230,344

Segment assets consist of accounts receivable, inventories, property, plant, and equipment, net, goodwill, and other intangibles, net. A summary of consolidated total assets by segment follows:

	March 31, 2025		September 30, 2024
Segment assets:
Aerospace	$	2,013,509	$	1,936,507
Industrial		1,466,602		1,509,495
Unallocated corporate property, plant, and equipment, net		119,454		120,946
Other unallocated assets		893,904		801,967
Consolidated total assets	$	4,493,469	$	4,368,915