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Revenue (Tables)
9 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue Recognition Time

The amount of revenue recognized as point in time or over time were as follows:

 

 

Three Months Ended June 30, 2025

 

 

Three Months Ended June 30, 2024

 

 

 

Aerospace

 

 

Industrial

 

 

Consolidated

 

 

Aerospace

 

 

Industrial

 

 

Consolidated

 

Point in time

 

$

235,566

 

 

$

182,698

 

 

$

418,264

 

 

$

219,318

 

 

$

206,746

 

 

$

426,064

 

Over time

 

 

360,424

 

 

 

136,758

 

 

 

497,182

 

 

 

298,242

 

 

 

123,382

 

 

 

421,624

 

Total net sales

 

$

595,990

 

 

$

319,456

 

 

$

915,446

 

 

$

517,560

 

 

$

330,128

 

 

$

847,688

 

 

 

 

Nine Months Ended June 30, 2025

 

 

Nine Months Ended June 30, 2024

 

 

 

Aerospace

 

 

Industrial

 

 

Consolidated

 

 

Aerospace

 

 

Industrial

 

 

Consolidated

 

Point in time

 

$

650,576

 

 

$

516,567

 

 

$

1,167,143

 

 

$

636,992

 

 

$

596,608

 

 

$

1,233,600

 

Over time

 

 

1,001,025

 

 

 

403,632

 

 

 

1,404,657

 

 

 

838,836

 

 

 

397,325

 

 

 

1,236,161

 

Total net sales

 

$

1,651,601

 

 

$

920,199

 

 

$

2,571,800

 

 

$

1,475,828

 

 

$

993,933

 

 

$

2,469,761

 

Schedule of Accounts Receivable

Accounts receivable consisted of the following:

 

 

June 30, 2025

 

 

September 30, 2024

 

Billed receivables

 

 

 

 

 

 

Trade accounts receivable

 

$

475,152

 

 

$

455,831

 

Other (Chinese financial institutions)

 

 

163

 

 

 

1,403

 

Total billed receivables

 

 

475,315

 

 

 

457,234

 

Current unbilled receivables (contract assets)

 

 

363,242

 

 

 

320,570

 

Total accounts receivable

 

 

838,557

 

 

 

777,804

 

Less: Allowance for uncollectible amounts

 

 

(8,976

)

 

 

(7,738

)

Total accounts receivable, net

 

$

829,581

 

 

$

770,066

 

Schedule of Uncollectible Amounts And Change in Expected Allowance for Credit Losses for Trade Accounts Receivable and Unbilled Receivables

The allowance for uncollectible amounts and change in expected credit losses for trade accounts receivable and unbilled receivables (contract assets) consisted of the following:

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Balance, beginning

 

$

8,558

 

 

$

7,126

 

 

$

7,738

 

 

$

5,847

 

Changes in estimates

 

 

519

 

 

 

835

 

 

 

1,325

 

 

 

2,531

 

Write-offs

 

 

 

 

 

(13

)

 

 

(120

)

 

 

(488

)

Other1

 

 

(101

)

 

 

(987

)

 

 

33

 

 

 

(929

)

Balance, ending

 

$

8,976

 

 

$

6,961

 

 

$

8,976

 

 

$

6,961

 

(1)
Includes effects of foreign exchange rate changes during the period.
Schedule of Contract Liability

Contract liabilities consisted of the following:

 

 

June 30, 2025

 

 

September 30, 2024

 

 

 

Current

 

 

Noncurrent

 

 

Current

 

 

Noncurrent

 

Deferred revenue from material rights from JV formation

 

$

7,119

 

 

$

232,173

 

 

$

6,580

 

 

$

232,164

 

Deferred revenue from advanced invoicing and/or prepayments from customers

 

 

15,016

 

 

 

4,678

 

 

 

23,706

 

 

 

6,437

 

Liability related to customer supplied inventory

 

 

17,247

 

 

 

 

 

 

20,563

 

 

 

 

Deferred revenue from material rights related to engineering and development funding

 

 

8,908

 

 

 

194,384

 

 

 

5,942

 

 

 

186,008

 

Net contract liabilities

 

$

48,290

 

 

$

431,235

 

 

$

56,791

 

 

$

424,609

 

Schedule of Disaggregation of Revenue

Revenue by primary market for the Aerospace reportable segment were as follows:

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Commercial OEM

 

$

175,226

 

 

$

189,697

 

 

$

496,763

 

 

$

544,568

 

Commercial aftermarket

 

 

215,451

 

 

 

165,718

 

 

 

581,162

 

 

 

467,148

 

Defense OEM

 

 

150,358

 

 

 

96,557

 

 

 

401,068

 

 

 

280,999

 

Defense aftermarket

 

 

54,955

 

 

 

65,588

 

 

 

172,608

 

 

 

183,113

 

Total Aerospace segment net sales

 

$

595,990

 

 

$

517,560

 

 

$

1,651,601

 

 

$

1,475,828

 

Revenue by primary market for the Industrial reportable segment were as follows:

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Power generation

 

$

109,341

 

 

$

109,583

 

 

$

325,607

 

 

$

314,500

 

Transportation

 

 

143,652

 

 

 

163,310

 

 

 

401,992

 

 

 

511,565

 

Oil and gas

 

 

66,463

 

 

 

57,235

 

 

 

192,600

 

 

 

167,868

 

Total Industrial segment net sales

 

$

319,456

 

 

$

330,128

 

 

$

920,199

 

 

$

993,933

 

 

The customers who each account for approximately 10% or more of net sales of each of Woodward’s reportable segments were as follows:

 

 

Three Months Ended June 30, 2025

 

Three Months Ended June 30, 2024

Aerospace

 

RTX Corporation, GE Aerospace, The Boeing Company

 

RTX Corporation, GE Aerospace, The Boeing Company

Industrial

 

Rolls-Royce PLC, Caterpillar, Inc., Wärtsilä

 

Weichai Power, Rolls-Royce PLC, GE Vernova, Inc.

 

 

 

Nine Months Ended June 30, 2025

 

Nine Months Ended June 30, 2024

Aerospace

 

RTX Corporation, GE Aerospace, The Boeing Company

 

RTX Corporation, The Boeing Company, GE

Industrial

 

Rolls-Royce PLC, Caterpillar, Inc.

 

Weichai Power, Rolls-Royce PLC