Bitcoin Holds Steady, Ethereum, Solana, Dogecoin Lead Monday Rally
Cryptocurrency markets are trading higher on Monday morning, with Ethereum and Solana leading the rally.Cryptocurrency
Ticker
Price
Bitcoin
(CRYPTO: BTC)
$118,635.30
Ethereum
(CRYPTO: ETH)
$3,808.47
Solana
(CRYPTO: SOL)
$191.41
XRP
(CRYPTO: XRP)
$3.55
Dogecoin
(CRYPTO: DOGE)
$0.2719
Shiba Inu
(CRYPTO: SHIB)
$0.00001567
Notable Statistics:
IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 3% and increased 83%, respectively. Daily active addresses dropped 1.5% and 6%, respectively.
Coinglass data shows 130,295 traders were liquidated in the past 24 hours for $403.06 million.
SoSoValue data shows net inflows of $363.5 million into spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $402.5 million.
Trader Notes: Crypto trader CrediBULL Crypto noted that Bitcoin was rejected on its recent upward move, suggesting that the next impulsive wave isn't quite ready yet.
BTC is currently holding the H1 demand zone, which serves as the final key support before potentially retesting the $115,700 level.
Trending: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — Glassnode data shows all major BTC wallet cohorts—including whales holding 10,000+ BTC are accumulating aggressively, at levels not seen since December 2024.
This cross-tier accumulation suggests broad conviction in Bitcoin's longer-term uptrend, even as short-term momentum cools.Ethereum is now approaching its cycle highs, with the daily RSI at its highest level this cycle, notes Daan Crypto Trades.
While this doesn't confirm an immediate reversal, the elevated RSI hints at possible overextension.
The trader recommends patience, citing the need for a cooldown, leverage flush, or at least sideways consolidation to reset indicators and build a healthier setup for continuation.
XRP just logged its highest weekly close ever, according to GalaxyBTC, a breakout that could surprise many and signal the early stages of a much larger rally.Solana, as noted by Degen Hardy, has broken through a major resistance zone, confirming a bullish breakout from its ascending triangle pattern. A daily close above the breakout line would further validate this move, setting up for a long entry on a successful retest.
Dogecoin is playing out a classic Double Bottom formation, says Trader Tardigrade. With the neckline breakout confirmed, the next move could be a short-term pullback to the neckline before pushing higher toward the target of $0.476.
Read Next:
Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share
If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?
Image: Shutterstock
This article Bitcoin Holds Steady, Ethereum, Solana, Dogecoin Lead Monday Rally originally appeared on Benzinga.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
22 minutes ago
- Yahoo
Apple (AAPL) Bull Says iPhone Will Be a ‘Great' AI Catalyst – ‘We Feel Stock is Very Attractive'
Apple Inc (NASDAQ:AAPL) is one of the . Kevin Simpson, Capital Wealth Planning founder and CIO, said in a recent program on CNBC that he's hopeful about Apple Inc (NASDAQ:AAPL)'s shares despite uncertainties around the company's AI strategy. 'I don't want to pretend to know what they're going to do when it comes to artificial intelligence or Apple AI, but I do believe that they're going to do something. I feel like this device (iPhone) will be a great catalyst for us to be able to interface with artificial intelligence. How they decide to do it, I don't know. But remember, we're an active portfolio. So I sold out of the position, Frank, just to go back in time back in December. So we liquidated Apple at 247 and a half. At that point, we thought it was a little bit too pricey at 250. At 200, we feel the stock is very attractive and it's a longer-term investment. We know we're going to get paid while we wait.' Apple Inc (NASDAQ:AAPL) is desperately in need of new catalysts. The company's revenue in China fell 8% in fiscal year 2024, following a 2% decline the previous year. The Chinese market accounts for about 15% of Apple's total revenue, so this downtrend cannot be ignored. Investors had hopes from the Wearables, Home, and Accessories segment, but so far, its performance has been weak. Vision Pro faces tough competition from Meta's $500 Quest and the more affordable Quest 3S, making it hard to justify its $3,500 price tag. The failure of Apple's HomePod, unable to compete with Amazon's and Google's lower-priced offerings, further highlights the challenges in this market. Photo by Alexandr Bormotin on Unsplash Apple's iPhone 16 has not shown promising growth prospects yet, and investors are still in a wait-and-see mode on the AI platform. Wedgewood Partners stated the following regarding Apple Inc. (NASDAQ:AAPL) in its second quarter 2025 investor letter: 'Apple Inc. (NASDAQ:AAPL) detracted from performance after investors became impatient with the Company's AI development efforts – particularly the promises made but promises not kept with Siri integrated with AI. It is much too early to conclude that Apple cannot succeed in developing a compelling AI-assisted offering for its device and software ecosystem. For decades, Apple's proprietary hardware and software have enabled the Company to consistently provide unmatched user experiences that consumers increasingly rely on a daily basis. Whether Apple – with their unmatched installed base of over a billion user devices – develops its AI with eager partners or over a slightly longer timeframe than what investors hoped for does not change the Company's core competitive differentiation that comes from years of integrating custom silicon with internal operating system software.' While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
22 minutes ago
- Yahoo
Cadence: Q2 Earnings Snapshot
SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Cadence Design Systems Inc. (CDNS) on Monday reported second-quarter profit of $160.1 million. The San Jose, California-based company said it had profit of 59 cents per share. Earnings, adjusted for one-time gains and costs, were $1.65 per share. The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share. The maker of hardware and software products for validating chip designs posted revenue of $1.28 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $1.26 billion. Cadence expects full-year earnings in the range of $6.85 to $6.95 per share, with revenue in the range of $5.21 billion to $5.27 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CDNS at Sign in to access your portfolio
Yahoo
22 minutes ago
- Yahoo
Woodward Reports Third Quarter Fiscal Year 2025 Results
Raises 2025 Sales and Earnings Guidance on Strong Year-to-Date Performance and Outlook FORT COLLINS, Colo., July 28, 2025 (GLOBE NEWSWIRE) -- Today, Woodward, Inc. (NASDAQ:WWD) reported financial results for its third quarter of fiscal year 2025. All amounts are presented on an as reported (U.S. GAAP) basis unless otherwise indicated. All per share amounts are presented on a fully diluted basis. All comparisons are made to the same period of the prior year unless otherwise stated. All references to years are references to the Company's fiscal year unless otherwise stated. Third Quarter Overview Third Quarter 2025 Year-to-Date 2025 Net Sales $915M, 8% $2.6B, 4% Net Earnings $108M, 6% $304M, 5% Adjusted Net Earnings1 - $294M, 1% Earnings Per Share (EPS) $1.76, 8% $4.96, 7% Adjusted EPS1 - $4.80, 2% Cash from Operations $126, -18% $238, -20% Free Cash Flow1 $99, -28% $159, -29% "We delivered strong results in the third quarter underpinned by robust demand across our end markets, coupled with disciplined execution by our global teams,' said Chip Blankenship, Chairman and Chief Executive Officer. 'The Aerospace segment generated substantial sales growth and margin expansion, driven by smart defense and commercial services. This was partially offset by lower commercial OEM and defense services, although both achieved sequential improvement. Our Industrial business again delivered double-digit sales growth in oil and gas and marine transportation. This was offset by an expected decrease in China on-highway natural gas truck sales. Based on our strong year-to-date performance and solid fourth quarter outlook, we are raising our full-year sales and earnings guidance. However, given the demands to support higher sales in a dynamic supply chain and production environment, we are lowering our full-year free cash flow guidance. We remain focused on growth, operational excellence, and innovation, which continue to position Woodward to deliver sustained long-term shareholder value.' Third Quarter and Fiscal Year 2025 Company Results Total Company Results(Dollars in millions, except per share amounts) Three Months Ended June 30 Nine Months Ended June 30 2025 2024 Year over Year 2025 2024 Year over Year Income Statement Total Sales $ 915 $ 848 8.0 % $ 2,572 $ 2,470 4.1 % Net Earnings 108 102 6.2 % 304 290 5.1 % Adjusted Net Earnings1 - - - 294 293 0.6 % EPS $ 1.76 $ 1.63 8.0 % $ 4.96 $ 4.65 6.7 % Adjusted EPS1 - - - $ 4.80 $ 4.70 2.1 % EBIT 137 132 4.1 % 394 382 3.0 % Adjusted EBIT1 - - - 381 386 -1.4 % Effective Tax Rate 14.5 % 16.4 % -190 bps 15.8 % 17.8 % -200 bps Adjusted Effective Tax Rate1 - - - 15.5 % 17.8 % -230 bps Cash Flow and Financial Position Cash from Operating Activities $ 126 $ 153 -18.0 % $ 238 $ 297 -20.0 % Capital Expenditures 27 16 67.0 % 79 72 8.8 % Free Cash Flow 99 137 -27.8 % 159 225 -29.2 % Dividends Paid 17 15 10.7 % 48 43 10.9 % Share Repurchases 45 305 - 124 305 - Total Debt - - - 933 923 1.1 % EBITDA1Leverage - - - 1.5x 1.5x - Segment Results Aerospace(Dollars in millions) Three Months Ended June 30 Nine Months Ended June 30 2025 2024 Year over Year 2025 2024 Year over Year Commercial OEM $ 175 $ 190 -7.6 % $ 497 $ 545 -8.8 % Commercial Aftermarket 215 166 30.0 % 581 467 24.4 % Defense OEM 150 97 55.7 % 401 281 42.7 % Defense Aftermarket 55 66 -16.2 % 173 183 -5.7 % Sales 596 518 15.2 % 1,652 1,476 11.9 % Segment Earnings 126 102 23.5 % 345 279 23.6 % Segment Margin % 21.1 % 19.7 % 140 bps 20.9 % 18.9 % 200 bps The increase in Aerospace segment earnings in the third quarter was primarily a result of price realization and volume, partially offset by planned strategic investments in manufacturing capabilities to meet current and future growth, inflation, and unfavorable mix. The increase in Aerospace segment earnings for the nine months ended June 30, 2025, was primarily a result of price realization and volume, partially offset by planned strategic investments in manufacturing capabilities to meet current and future growth, inflation, and unfavorable mix. Industrial (Dollars in millions) Three Months Ended June 30 Nine Months Ended June 30 2025 2024 Year over Year 2025 2024 Year over Year Transportation $ 144 $ 163 -12.0 % $ 402 $ 512 -21.4 % Power Generation 109 110 -0.2 % 326 315 3.5 % Oil and Gas 66 57 16.1 % 193 168 14.7 % Sales 319 330 -3.2 % 920 994 -7.4 % Segment Earnings 48 60 -20.3 % 134 192 -30.3 % Segment Margin % 14.9 % 18.1 % -320 bps 14.5 % 19.3 % -480 bps The decrease in Industrial segment earnings in the third quarter was primarily a result of lower China on-highway volume and inflation, partially offset by price realization. The decrease in Industrial segment earnings in the nine months ended June 30, 2025, was primarily a result of lower China on-highway volume and unfavorable mix, partially offset by price realization. Nonsegment(Dollars in millions) Three Months Ended June 30 Nine Months Ended June 30 2025 2024 Year over Year 2025 2024 Year over Year Nonsegment Expenses $ (36 ) $ (30 ) 21.8 % $ (85 ) $ (89 ) -4.2 % Adjusted Nonsegment Expenses - - - (98 ) (85 ) 15.6 % Fiscal Year 2025 Guidance Woodward, Inc. and SubsidiariesRevised Guidance(In millions, except per share amount and percentages) Prior FY25 Guidance Revised FY25 Guidance April 28, 2025 July 28, 2025 Total Company Sales $3,375 - $3,500 $3,450 - $3,525 Adjusted Effective Tax Rate ~19% ~17% Adjusted Free Cash Flow $350 - $400 $315 - $350 Capital Expenditures ~$115 No change Shares ~61.5 No change Adjusted EPS $5.95 - $6.25 $6.50 - $6.75 Segment Data Aerospace Sales Growth Up 8% to 13% Up 11% to 13% Segment Earnings (% of Sales) 20% - 21% 21% - 21.5% Industrial Sales Growth Down 7% to 9% Down 5% to 7% Segment Earnings (% of Sales) 13% - 14% ~14.5% Conference Call Woodward will hold an investor conference call at 5:00 p.m. ET, July 28, 2025, to provide an overview of the financial performance for its fiscal year 2025 and third quarter ending June 30, 2025, business highlights, and guidance for fiscal 2025. You are invited to listen to the live webcast of our conference call, or a recording, and view or download accompanying presentation slides at our website, You may also listen to the call by dialing 1-800-715-9871 (domestic) or 1-646-307-1963 (international). Participants should call prior to the start time to allow for registration; the Conference ID is 4675940. The call and presentation will be available on the website by selecting 'Investors/Events & Presentations' from the menu and will remain accessible on the company's website for one year. About Woodward, Inc. Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion and motion control systems perform in some of the world's harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at Cautionary Statement Information in this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including, but not limited to, our focus on growth, operational excellence and innovation, including the outcome of such efforts on our long-term success and shareholder value; statements regarding our business, expectations and guidance for the fourth quarter and fiscal year 2025, our guidance for sales, segment sales growth as compared to the prior fiscal year, adjusted earnings per share, segment earnings margin, adjusted effective tax rate, free cash flow, capital expenditures, and diluted weighted average shares outstanding, as well as our assumptions and expectations regarding our guidance and the factors that may impact guidance, and anticipated trends in our business and markets. Factors that could cause actual results and the timing of certain events to differ materially from the forward-looking statements include, but are not limited to: (1) global economic uncertainty and instability, including a potential global or regional recession, inflation and the impact on customer demand and our costs and expenses; (2) changes in or uncertainty with respect to global trade and economic policy, including tariff levels and retaliatory measures; (3) risks related to constraints and disruptions in the global supply chain and labor markets; (4) Woodward's long sales cycle; (5) risks related to Woodward's concentration of revenue among a relatively small number of customers; (6) Woodward's ability to implement and realize the intended effects of any restructuring efforts; (7) Woodward's ability to successfully manage competitive factors including expenses and fluctuations in sales; (8) changes and consolidations in the aerospace market; (9) Woodward's financial obligations including debt obligations and tax expenses and exposures; (10) risks related to Woodward's U.S. government contracting activities including potential changes in government spending patterns; (11) Woodward's ability to protect its intellectual property rights and avoid infringing the intellectual property rights of others; (12) changes in the estimates of fair value of reporting units or of long-lived assets; (13) environmental risks; (14) Woodward's continued access to a stable workforce and favorable labor relations with its employees; (15) Woodward's ability to manage various regulatory and legal matters; (16) risks from operating internationally; (17) cybersecurity and other technological risks; and other risk factors and risks described in Woodward's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 30, 2024, any subsequently filed Quarterly Report on Form 10-Q, as well as its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, which we expect to file shortly, and other risks described in Woodward's filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date hereof and Woodward assumes no obligation to update such statements, except as required by applicable law. Woodward, Inc. and SubsidiariesCondensed Consolidated Statement of Earnings(Unaudited – In thousands) Three Months Ended June 30 Nine Months Ended June 30 2025 2024 2025 2024 Net sales $ 915,446 $ 847,688 $ 2,571,800 $ 2,469,761 Costs and expenses: Cost of goods sold 666,287 617,702 1,892,908 1,801,037 Selling, general, and administrative expenses 88,703 73,812 242,241 229,770 Research and development costs 41,088 38,728 108,525 105,987 Interest expense 11,234 11,516 35,464 34,482 Interest income (838 ) (1,728 ) (3,236 ) (4,494 ) Other (income) expense, net (17,864 ) (14,438 ) (65,755 ) (49,461 ) Total costs and expenses 788,610 725,592 2,210,147 2,117,321 Earnings before income taxes 126,836 122,096 361,653 352,440 Income taxes 18,388 20,021 57,165 62,765 Net earnings $ 108,448 $ 102,075 $ 304,488 $ 289,675 Earnings per share amounts: Basic earnings per share $ 1.82 $ 1.69 $ 5.12 $ 4.80 Diluted earnings per share $ 1.76 $ 1.63 $ 4.96 $ 4.65 Weighted average common shares outstanding: Basic 59,680 60,425 59,442 60,290 Diluted 61,488 62,522 61,374 62,295 Cash dividends paid per share $ 0.28 $ 0.25 $ 0.81 $ 0.72 Woodward, Inc. and SubsidiariesCondensed Consolidated Balance Sheets(Unaudited – In thousands) June 2025 September 2025 Assets Current assets: Cash and cash equivalents $ 473,159 $ 282,270 Accounts receivable 829,581 770,066 Inventories 657,121 609,092 Income taxes receivable 35,883 22,016 Other current assets 65,413 60,167 Total current assets 2,061,157 1,743,611 Property, plant, and equipment, net 942,103 940,715 Goodwill 813,779 806,643 Intangible assets, net 435,057 440,419 Deferred income tax assets 85,714 84,392 Other assets 374,040 353,135 Total assets $ 4,711,850 $ 4,368,915 Liabilities and stockholders' equity Current liabilities: Short-term debt $ 353,000 $ 217,000 Current portion of long-term debt 76,020 85,719 Accounts payable 284,029 287,457 Income taxes payable 35,768 40,692 Accrued liabilities 261,381 292,642 Total current liabilities 1,010,198 923,510 Long-term debt, less current portion 503,851 569,751 Deferred income tax liabilities 127,744 121,858 Other liabilities 601,491 577,380 Total liabilities 2,243,284 2,192,499 Stockholders' equity 2,468,566 2,176,416 Total liabilities and stockholders' equity $ 4,711,850 $ 4,368,915 Woodward, Inc. and SubsidiariesCondensed Consolidated Statements of Cash Flows(Unaudited – In thousands) Nine Months Ended June 30 2025 2024 Net cash provided by operating activities $ 237,976 $ 297,329 Cash flows from investing activities: Payments for purchase of property, plant, and equipment (78,537 ) (72,193 ) Proceeds from sale of assets 41 84 Proceeds from business divestitures 48,043 900 Payments for short-term investments - (6,767 ) Proceeds from sales of short-term investments 2,935 9,737 Net cash used in investing activities (27,518 ) (68,239 ) Cash flows from financing activities: Cash dividends paid (48,195 ) (43,457 ) Proceeds from sales of treasury stock 96,064 90,142 Payments for repurchases of common stock (124,276 ) (304,811 ) Borrowings on revolving lines of credit and short-term borrowings 1,957,900 2,258,600 Payments on revolving lines of credit and short-term borrowings (1,821,900 ) (1,983,800 ) Payments of long-term debt and finance lease obligations (85,719 ) (75,644 ) Net cash used in financing activities (26,126 ) (58,970 ) Effect of exchange rate changes on cash and cash equivalents 6,557 765 Net change in cash and cash equivalents 190,889 170,885 Cash and cash equivalents at beginning of year 282,270 137,447 Cash and cash equivalents at end of period $ 473,159 $ 308,332 Woodward, Inc. and SubsidiariesSegment Net Sales and Net Earnings(Unaudited – In thousands) Three Months Ended June 30 Nine Months Ended June 30 2025 2024 2025 2024 Segment 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 As a percent of segment net sales 21.1 % 19.7 % 20.9 % 18.9 % Industrial 47,622 59,717 133,786 191,842 As a percent of segment net sales 14.9 % 18.1 % 14.5 % 19.3 % Total segment earnings $ 173,362 $ 161,559 $ 478,867 $ 471,137 Nonsegment expenses (36,130 ) (29,675 ) (84,986 ) (88,709 ) EBIT $ 137,232 $ 131,884 $ 393,881 $ 382,428 Interest expense, net (10,396 ) (9,788 ) (32,228 ) (29,988 ) Consolidated earnings before income taxes $ 126,836 $ 122,096 $ 361,653 $ 352,440 Payments for property, plant and equipment $ 26,547 $ 15,892 $ 78,537 $ 72,193 Depreciation expense $ 21,482 $ 20,661 $ 63,238 $ 61,494 There were no adjustments to net earnings, earnings per share, adjusted effective tax rate, adjusted nonsegment, and adjusted income tax expense in the three months ended June 30, 2025 or the three months ended June 30, 2024. Woodward, Inc. and SubsidiariesReconciliation of Net Earnings to Adjusted Earnings1(Unaudited – In thousands, except per share amounts) Nine Months Ended June 30 2025 2024 Net Earnings Earnings Per Share Net Earnings Earnings Per Share Net Earnings (U.S. GAAP) $ 304,488 $ 4.96 $ 289,675 $ 4.65 Non-U.S. GAAP Adjustments Product rationalization1 (20,524 ) (0.33 ) - - Non-recurring gain related to a previous acquisition1 - - (4,803 ) (0.08 ) Business development activities1 7,310 0.12 5,902 0.09 Certain non-restructuring separation costs2 - - 2,666 0.05 Tax Effect of Non-U.S. GAAP Net Earnings Adjustments 3,130 0.05 (729 ) (0.01 ) Total non-U.S. GAAP Adjustments (10,084 ) (0.16 ) 3,036 0.05 Adjusted Net Earnings(Non-U.S. GAAP) $ 294,404 $ 4.80 $ 292,711 $ 4.70 Presented in the line item "Other (income) expense, net" in Woodward's Condensed Consolidated Statement of Earnings. Presented in item "Selling, general and administrative" expenses in Woodward's Condensed Consolidated Statement of Earnings. Woodward, Inc. and SubsidiariesReconciliation of Income Tax Expenseto Adjusted Income Tax Expense1(Unaudited – In thousands) Nine Months Ended June 30 2025 2024 Income tax expense (U.S. GAAP) $ 57,165 $ 62,765 Tax Effect of Non-U.S. GAAP Net Earnings Adjustments (3,130 ) 729 Adjusted Income Tax Expense (Non-U.S. GAAP) $ 54,035 $ 63,494 Adjusted Income Tax Rate (Non-U.S. GAAP) 15.5 % 17.8 % Woodward, Inc. and SubsidiariesReconciliation of Net Earning to EBIT1(Unaudited – In thousands) Three Months Ended June 30 2025 2024 Net Earnings (U.S. GAAP) $ 108,448 $ 102,075 Income Tax Expense 18,388 20,021 Interest Expense 11,234 11,516 Interest Income (838 ) (1,728 ) EBIT (Non-U.S. GAAP) 137,232 131,884 Woodward, Inc. and SubsidiariesReconciliation of Net Earning to EBIT1and Adjusted EBIT1(Unaudited – In thousands) Nine Months Ended June 30 2025 2024 Net Earnings (U.S. GAAP) $ 304,488 $ 289,675 Income Tax Expense 57,165 62,765 Interest Expense 35,464 34,482 Interest Income (3,236 ) (4,494 ) EBIT (Non-U.S. GAAP) 393,881 382,428 Total non-U.S. GAAP Adjustments (13,214 ) 3,765 Adjusted EBIT (Non-U.S. GAAP) $ 380,667 $ 386,193 Woodward, Inc. and SubsidiariesReconciliation of Net Earning to EBITDA1(Unaudited – In thousands) Three Months Ended June 30 2025 2024 Net Earnings (U.S. GAAP) $ 108,448 $ 102,075 Income Tax Expense 18,388 20,021 Interest Expense 11,234 11,516 Interest Income (838 ) (1,728 ) Amortization of intangible assets 7,172 8,131 Depreciation Expanse 21,482 20,661 EBITDA (Non-U.S. GAAP) 165,886 160,676 Woodward, Inc. and SubsidiariesReconciliation of Net Earning to EBITDA1and Adjusted EBITDA1(Unaudited – In thousands) Nine Months Ended June 30 2025 2024 Net Earnings (U.S. GAAP) $ 304,488 $ 289,675 Income Tax Expense 57,165 62,765 Interest Expense 35,464 34,482 Interest Income (3,236 ) (4,494 ) Amortization of Intangible Assets 20,858 25,348 Depreciation Expanse 63,238 61,494 EBITDA (Non-U.S. GAAP) 477,977 469,270 Total non-U.S. GAAP Adjustments (13,214 ) 3,765 Adjusted EBITDA (Non-U.S. GAAP) $ 464,763 $ 473,035 Woodward, Inc. and SubsidiariesReconciliation of Non-Segment Expenses to Adjusted Non-Segment Expenses1 (Unaudited – In thousands) Nine Months Ended June 30 2025 2024 Non-Segment Expenses (U.S. GAAP) $ (84,986 ) $ (88,709 ) Product rationalization (20,524 ) - Non-recurring gain related to a previous acquisition - (4,803 ) Business development activities 7,310 5,902 Certain non-restructuring separation costs - 2,666 Adjusted Non-Segment Expenses (Non-U.S. GAAP) $ (98,200 ) $ (84,944 ) Woodward, Inc. and SubsidiariesReconciliation of Cash Flow from Operating Activitiesto Free Cash Flow1 (Unaudited – In thousands) Nine Months Ended June 30 2025 2024 Net cash provided by operating activities (U.S. GAAP) $ 237,976 $ 297,329 Payments for property, plant, and equipment (78,537 ) (72,193 ) Free cash flow (Non-U.S. GAAP) $ 159,439 $ 225,136 1Adjusted and Non-U.S. GAAP Financial Measures: Adjusted net earnings, adjusted earnings per share, adjusted EBIT, adjusted EBITDA, adjusted income tax expense, adjusted effective tax rate, and adjusted nonsegment expenses exclude, as applicable (i) product rationalization, (ii) a non-recurring gain related to a previous acquisition, (iii) costs related to business development activities, and (iv) certain non-restructuring separation costs. The product rationalization adjustment pertains to gains related to the elimination of certain product lines. The Company believes that these excluded items are short‐term in nature, not directly related to the ongoing operations of the business, and therefore, the exclusion of them illustrates more clearly how the underlying business of Woodward is performing. Guidance with respect to non-U.S. GAAP measures as provided in this release excludes, as applicable, (i) product rationalization, and (ii) business development activities. EBIT (earnings before interest and taxes), EBITDA (earnings before interest, taxes, depreciation and amortization), free cash flow, adjusted net earnings, adjusted earnings per share, adjusted EBIT, adjusted EBITDA, adjusted income tax expense, adjusted effective tax rate, and adjusted nonsegment expenses are financial measures not prepared and presented in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Management uses EBIT and adjusted EBIT to evaluate Woodward's operating performance without the impacts of financing and tax related considerations. Management uses EBITDA and adjusted EBITDA in evaluating Woodward's operating performance, making business decisions, including developing budgets, managing expenditures, forecasting future periods, and evaluating capital structure impacts of various strategic scenarios. Management also uses free cash flow, which is derived from net cash provided by or used in operating activities less payments for property, plant, and equipment in reviewing the financial performance of Woodward's various business segments and evaluating cash generation levels. Securities analysts, investors, and others frequently use EBIT, EBITDA, and free cash flow in their evaluation of companies, particularly those with significant property, plant, and equipment, and intangible assets that are subject to amortization. The use of any of these non-U.S. GAAP financial measures is not intended to be considered in isolation of, or as a substitute for, the financial information prepared and presented in accordance with U.S. GAAP. Because adjusted net earnings, adjusted earnings per share, EBIT, EBITDA, adjusted EBIT, and adjusted EBITDA exclude certain financial information compared with net earnings, the most comparable U.S. GAAP financial measure, users of this financial information should consider the information that is excluded. Free cash flow does not necessarily represent funds available for discretionary use and is not necessarily a measure of our ability to fund our cash needs. Woodward's calculations of EBIT, EBITDA, adjusted net earnings, adjusted earnings per share, adjusted EBIT, adjusted EBITDA, adjusted effective tax rate, adjusted nonsegment expenses, and free cash flow may differ from similarly titled measures used by other companies, limiting their usefulness as comparative measures. 2Website, Facebook, LinkedIn: Woodward has used, and intends to continue to use, its Investor Relations website, LinkedIn page, and Facebook page as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Contact: Dan Provaznik Director, Investor
