Segment Information

9 Months Ended

Jun. 30, 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 June 30,						Nine Months Ended June 30,
	2025			2024			2025			2024
Segment external net sales:
Aerospace	$	595,990		$	517,560		$	1,651,601		$	1,475,828
Industrial		319,456			330,128			920,199			993,933
Total consolidated net sales	$	915,446		$	847,688		$	2,571,800		$	2,469,761
Segment earnings:
Aerospace	$	125,740		$	101,842		$	345,081		$	279,295
Industrial		47,622			59,717			133,786			191,842
Nonsegment expenses		(36,130	)		(29,675	)		(84,986	)		(88,709	)
Interest expense, net		(10,396	)		(9,788	)		(32,228	)		(29,988	)
Consolidated earnings before income taxes	$	126,836		$	122,096		$	361,653		$	352,440

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:

	June 30, 2025		September 30, 2024
Segment assets:
Aerospace	$	2,043,800	$	1,936,507
Industrial		1,515,674		1,509,495
Unallocated corporate property, plant, and equipment, net		118,247		120,946
Other unallocated assets		1,034,129		801,967
Consolidated total assets	$	4,711,850	$	4,368,915