Woodward (WWD) 8-K Woodward Announces Changes to Financial Reporting Segments

Woodward Governor Company
Supplemental Business Segment Information — Reported Segment Results
(Unaudited)
(In thousands of dollars)

	Year Ended September 30,						Three Months Ended
	2005			2006			December 31, 2006			March 31, 2007			June 30, 2007
Total segment net sales:
Turbine Systems	$	434,030		$	458,923		$	117,005		$	130,772		$	132,297
Engine Systems		430,892			430,448			102,921			110,024			117,565
Electrical Power Systems		69,748			76,186			32,302			45,223			49,240
Total	$	934,670		$	965,557		$	252,228		$	286,019		$	299,102
Intersegment sales:
Turbine Systems	$	19,563		$	20,197		$	4,681		$	5,344		$	5,422
Engine Systems		38,813			39,829			9,109			10,275			10,498
Electrical Power Systems		48,568			51,016			12,190			14,102			14,157
Total	$	106,944		$	111,042		$	25,980		$	29,721		$	30,077
External net sales:
Turbine Systems	$	414,467		$	438,726		$	112,324		$	125,428		$	126,875
Engine Systems		392,079			390,619			93,812			99,749			107,067
Electrical Power Systems		21,180			25,170			20,112			31,121			35,083
Total	$	827,726		$	854,515		$	226,248		$	256,298		$	269,025
Segment earnings:
Turbine Systems	$	63,037		$	67,584		$	19,294		$	23,830		$	23,193
Engine Systems		23,690			40,829			12,577			11,785			15,398
Electrical Power Systems		1,921			4,475			3,593			6,409			5,200
Total	$	88,648		$	112,888		$	35,464		$	42,024		$	43,791
Earnings Reconciliation:
Total segment earnings	$	88,648		$	112,888		$	35,464		$	42,024		$	43,791
Nonsegment expenses		(13,710	)		(26,052	)		(8,243	)		(9,918	)		(5,998	)
Curtailment gain		7,825			—			—			—			—
Interest expense and income, net		(3,655	)		(2,339	)		(569	)		(696	)		(653	)
Consolidated earnings before income taxes	$	79,108		$	84,497		$	26,652		$	31,410		$	37,140