---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-002725"
form_type: "8-K"
ticker: "WWD"
cik: "0000108312"
company_name: "Woodward, Inc."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T04:37:02.691447+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Woodward Q2 net sales up 22% to $718M; adjusted EPS $1.01 beats; raises FY23 guidance

## Summary
- Q2 net sales $718M (+22% YoY); GAAP EPS $0.58 (vs $0.74); adjusted EPS $1.01 (vs $0.72).
- Aerospace segment sales $437M (+17%), earnings $73M (16.8% margin); Industrial $281M (+31%), earnings $38M (13.4% margin).
- FY23 guidance raised: sales now $2.7-$2.8B (prev $2.6-$2.75B); adjusted EPS $3.50-$3.75 (prev $3.15-$3.60).
- Industrial sales growth guidance raised to 14%-19% (from flat-5%); Aerospace guidance unchanged.
- H1 free cash flow negative $4M vs positive $26M last year; debt-to-EBITDA 2.2x.

## SEC filing metadata
- accession: 0001171843-23-002725
- form_type: 8-K
- ticker: WWD
- cik: 0000108312
- company_name: Woodward, Inc.
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108312/000117184323002725/0001171843-23-002725-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108312/000117184323002725/f8k_050123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002725
- JSON: https://secwatch.observer/filing/0001171843-23-002725.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002725.txt

## Key facts
- Earnings Releases
  Woodward, Inc. reported second quarter of fiscal year 2023 results: revenue $718 million, net income $36 million, EPS $0.58 per share. Guidance raised.
  - Period: second quarter of fiscal year 2023
  - Revenue: $718 million
  - Net income: $36 million
  - EPS: $0.58 per share
  - Guidance: raised
  - Result: reported results
  source text: amounts are presented on a fully diluted basis. All comparisons are made to the same period of the prior year unless otherwise stated.) Second Quarter Overview Net sales were $718 million, compared to $587 million, an increase of 22 percent. Net earnings were $36 million, or $0.58 per share, compared to net earnings of $48 million, or $0.74 per share. Adjusted net
  evidence_url: https://www.sec.gov/Archives/edgar/data/108312/000117184323002725/0001171843-23-002725-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.