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 | ||||||||||