Question · Q1 2026
Kyle Wenclawiak asked about the counterseasonal flat performance of legacy narrow-body sales relative to Q4 and year-over-year growth, questioning if it was due to catching up on past dues or factory volume unlock, and how to think about its cadence. He also asked for an update on why the company now believes the strong LRU sales were due to prior under-provisioning rather than pull-forward related to tariffs.
Answer
Chip Blankenship (Chairman and CEO, Woodward Inc) attributed the counterseasonal performance to consistent output achieved through streamlining input processes and improving turn times, rather than a Q4 surge. Regarding LRUs, he hypothesized that an "open window for trade" and concerns about its closure drove strong activity, and Woodward's analysis of units in the field indicated customers were "a little bit behind the curve in provisioning."
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