Revenue (Tables)
|
9 Months Ended |
Jun. 30, 2026 |
|---|
| Revenue from Contract with Customer [Abstract] |
|
| Schedule of Revenue Recognition Time |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2026 |
|
|
Three Months Ended June 30, 2025 |
|
|
|
Aerospace |
|
|
Industrial |
|
|
Consolidated |
|
|
Aerospace |
|
|
Industrial |
|
|
Consolidated |
|
Point in time |
|
$ |
313,537 |
|
|
$ |
240,202 |
|
|
$ |
553,739 |
|
|
$ |
235,566 |
|
|
$ |
182,698 |
|
|
$ |
418,264 |
|
Over time |
|
|
395,136 |
|
|
|
160,830 |
|
|
|
555,966 |
|
|
|
360,424 |
|
|
|
136,758 |
|
|
|
497,182 |
|
Total net sales |
|
$ |
708,673 |
|
|
$ |
401,032 |
|
|
$ |
1,109,705 |
|
|
$ |
595,990 |
|
|
$ |
319,456 |
|
|
$ |
915,446 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended June 30, 2026 |
|
|
Nine Months Ended June 30, 2025 |
|
|
|
Aerospace |
|
|
Industrial |
|
|
Consolidated |
|
|
Aerospace |
|
|
Industrial |
|
|
Consolidated |
|
Point in time |
|
$ |
845,737 |
|
|
$ |
675,244 |
|
|
$ |
1,520,981 |
|
|
$ |
650,576 |
|
|
$ |
516,567 |
|
|
$ |
1,167,143 |
|
Over time |
|
|
1,201,154 |
|
|
|
474,592 |
|
|
|
1,675,746 |
|
|
|
1,001,025 |
|
|
|
403,632 |
|
|
|
1,404,657 |
|
Total net sales |
|
$ |
2,046,891 |
|
|
$ |
1,149,836 |
|
|
$ |
3,196,727 |
|
|
$ |
1,651,601 |
|
|
$ |
920,199 |
|
|
$ |
2,571,800 |
|
|
| Schedule of Accounts Receivable |
Accounts receivable consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
September 30, 2025 |
|
Billed receivables |
|
|
|
|
|
|
Trade accounts receivable |
|
$ |
617,905 |
|
|
$ |
477,217 |
|
Other (Chinese financial institutions) |
|
|
— |
|
|
|
104 |
|
Total billed receivables |
|
|
617,905 |
|
|
|
477,321 |
|
Current unbilled receivables (contract assets) |
|
|
409,588 |
|
|
|
363,520 |
|
Total accounts receivable |
|
|
1,027,493 |
|
|
|
840,841 |
|
Less: Allowance for uncollectible amounts |
|
|
(15,012 |
) |
|
|
(9,725 |
) |
Total accounts receivable, net |
|
$ |
1,012,481 |
|
|
$ |
831,116 |
|
|
| 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, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Balance, beginning |
|
$ |
13,107 |
|
|
$ |
8,558 |
|
|
$ |
9,725 |
|
|
$ |
7,738 |
|
Changes in estimates |
|
|
1,733 |
|
|
|
519 |
|
|
|
5,183 |
|
|
|
1,325 |
|
Write-offs |
|
|
(5 |
) |
|
|
— |
|
|
|
(83 |
) |
|
|
(120 |
) |
Other1 |
|
|
177 |
|
|
|
(101 |
) |
|
|
187 |
|
|
|
33 |
|
Balance, ending |
|
$ |
15,012 |
|
|
$ |
8,976 |
|
|
$ |
15,012 |
|
|
$ |
8,976 |
|
(1)Includes effects of foreign exchange rate changes during the period.
|
| Schedule of Contract Liability |
Contract liabilities consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
September 30, 2025 |
|
|
|
Current |
|
|
Noncurrent |
|
|
Current |
|
|
Noncurrent |
|
Deferred revenue from material rights from JV formation |
|
$ |
7,884 |
|
|
$ |
227,996 |
|
|
$ |
7,298 |
|
|
$ |
229,878 |
|
Deferred revenue from advanced invoicing and/or prepayments from customers |
|
|
31,205 |
|
|
|
428 |
|
|
|
14,944 |
|
|
|
2,115 |
|
Liability related to customer supplied inventory |
|
|
5,613 |
|
|
|
— |
|
|
|
19,640 |
|
|
|
— |
|
Deferred revenue from material rights related to engineering and development funding |
|
|
7,098 |
|
|
|
185,744 |
|
|
|
7,353 |
|
|
|
199,465 |
|
Net contract liabilities |
|
$ |
51,800 |
|
|
$ |
414,168 |
|
|
$ |
49,235 |
|
|
$ |
431,458 |
|
|
| Schedule of Disaggregation of Revenue |
Revenue by primary market for the Aerospace reportable segment was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Nine Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Commercial OEM |
|
$ |
234,398 |
|
|
$ |
175,226 |
|
|
$ |
640,352 |
|
|
$ |
496,763 |
|
Commercial services |
|
|
267,849 |
|
|
|
215,451 |
|
|
|
788,129 |
|
|
|
581,162 |
|
Defense OEM |
|
|
140,725 |
|
|
|
150,358 |
|
|
|
429,890 |
|
|
|
401,068 |
|
Defense services |
|
|
65,701 |
|
|
|
54,955 |
|
|
|
188,520 |
|
|
|
172,608 |
|
Total Aerospace segment net sales |
|
$ |
708,673 |
|
|
$ |
595,990 |
|
|
$ |
2,046,891 |
|
|
$ |
1,651,601 |
|
Revenue by primary market for the Industrial reportable segment was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Nine Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Power generation |
|
$ |
144,675 |
|
|
$ |
122,070 |
|
|
$ |
403,385 |
|
|
$ |
363,560 |
|
Transportation |
|
|
180,155 |
|
|
|
128,942 |
|
|
|
523,377 |
|
|
|
368,303 |
|
Oil and gas |
|
|
76,202 |
|
|
|
68,444 |
|
|
|
223,074 |
|
|
|
188,336 |
|
Total Industrial segment net sales |
|
$ |
401,032 |
|
|
$ |
319,456 |
|
|
$ |
1,149,836 |
|
|
$ |
920,199 |
|
Based on changes in market dynamics, the Company has refined its Industrial end market presentation to better align certain sales within power generation, transportation, and oil and gas. Accordingly, sales for the three and nine months ended June 30, 2025 have been reclassified for comparability. The reclassification had no impact on total Industrial segment net sales or the Company's financial results. 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, 2026 |
|
Three Months Ended June 30, 2025 |
Aerospace |
|
RTX Corporation, GE Aerospace, The Boeing Company |
|
RTX Corporation, GE Aerospace, The Boeing Company |
Industrial |
|
Rolls-Royce PLC, Caterpillar, Inc. |
|
Rolls-Royce PLC, Caterpillar, Inc., Wärtsilä |
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended June 30, 2026 |
|
Nine Months Ended June 30, 2025 |
Aerospace |
|
GE Aerospace, The Boeing Company, RTX Corporation |
|
RTX Corporation, GE Aerospace, The Boeing Company |
Industrial |
|
Rolls-Royce PLC, Caterpillar, Inc. |
|
Rolls-Royce PLC, Caterpillar, Inc. |
|