Thank you, Tom.
color more first The the quarter quarter for give first compared first of effects effective rate tax me little new to a of of U.S. XXXX. for the the on XX.X% was Let XXXX X.X% tax the legislation.
a tax by future rate first tax tax $XX reflects quarter of component million liabilities. share from of or This the legislation. the our of transition primarily deferred the expense resulted expense tax a tax onetime positive per offset impacts partially The the onetime approximately of offshore new of the on lower XXXX tax as result recent changes, $X.XX net
earnings. first tax was favorable impact year quarter to low due prior foreign the rate the -- of year certain extremely first tax of repatriation The the
year Woodward Another XX, factor fiscal is that has end. September the
result, blended be we now this, quarter at rate quarters old full rate one XX.X%, full XX% and rate our rate. statutory for our tax As reflecting rate to the three XXXX is fiscal Considering of a XX% tax at expect XXXX fiscal year at new year approximately statutory the effective XX%.
reduction the past. importantly, effective XXXX, called XX% anticipate our XX%, be we the rate More significant from a to XX% long-term to have in we out long-term rate approximately tax beyond
impact rate like Statutory out I’d from Lastly, point Federal U.S. positive on reduction has cash the XX% of a flows. the that tax to future XX% also to significant
flow approximately generate We to years XXXX, expect cash anticipate in impact would the of free the rate tax lower additional For million be to cash free significantly higher. flow. we future $XX
first Aerospace compared same were favorable of Aerospace to in and quarter results. the aftermarket our sales by fleet to quarterly exceptional XX.X% in by period XX% sales prior broadly levels traffic, defense for quarter strength variability. dynamics sales were more grew to this XX.X% as aftermarket. the compared up passenger the quarter year. Commercial fueled record OEM to XX% due as quarter commercial last year, the commercial well and Turning segment an of for earnings
capacity. that level difference quarter in support OEM the first higher to partially quarter $X by related segment. manufacturing sales our spending within mentioned was in Although, favorably Tom increased sales the that majority R&D at approximately spend XXXX, volume production increased compared was also mix prior the new with in the earlier. were costs by by impacted Segment and to our aerospace earnings negatively R&D million were higher the segment impacted to earnings the of of the higher the quarter, offset this Woodward incurred unfavorable year programs
some of of year this through variability Although spending pressure quarterly taper on and timing the to the we deliverables. the remainder to this earnings due level program investment expect quarter, puts the
as compared flat projected. We the to the finishing expect leverage XXXX productivity this to margins originally up prior narrowbody segment slightly aerospace also year, anticipated year, and programs ramp with increased through as
Turning to industrial.
X% segment and first generation sales primarily the to XXXX. weak gas and both was compared oil First and quarter systems. turbines We industrial in gas, quarter see engine in quarter fiscal this industrial Power improvements fuel to of gas transportation did were due renewables. down
costs of of year R&D expect we come the the down will Tom general by anticipate R&D the sales. and taper compensation of segment. year, quarter. the and and period. full the First of million Selling, compared quarter. positively awards X% earnings second sales quarter in were do of of that for effect such Woodward largely quarter in recorded our recorded whereas lower quarter prior opportunities due Segment At We in savings expense, research stock were in In the to first spend expense expenses to XX.X% development quarter. sales increase year impacted as X.X% the timing the last of prior compared this of offset industrial level, non the quarter during in And were cost year. initiatives were driving by the earnings administrative partially this this to to fiscal year prior this for the XX.X% the quarters, XXXX, were volume. year, our approximately mentioned compared which first taken in was majority X.X% to million somewhat was sales in the $XX segment recorded to they first $XX sales,
million compared fiscal cash million capital. cash the difference year. flows. related XXXX of operating Net prior variability to million $XX inflow of first compared first attributable the for cash for cash an XXXX The flow in generated to period year the an activities used was quarter. of of same at year. outflow Free flow million $XX of $XX in the quarter to to quarter was expenditures quarterly $XX in compared quarter the were for XXXX prior of was prior of $XX the working Capital largely $X the Looking million to million first for
higher by full This to positive tax cash rate reflects capital. of partially approximately $XXX year, flow be million. the we impact the free now working changes anticipate For offset the
fiscal outlook. Lastly, XXXX turning to our
For XXXX, is our guidance top-line unchanged.
slightly anticipate between billion year. compared Earnings net as be sales $X.X $X.X sales both segment and to to expect to earnings than segments stronger be of aerospace industrial billion sales still flat for prior slightly open weaker percent favorable per to expected we call now slightly the between quarter than a the to We and sales We to Operator, effects up with This which to are be ready the in our legislation. to U.S. results $X.XX first and fiscal XXXX. $X.XX, change for now are full expected concludes year reflects of on share tax anticipated questions. year the comments business the of expected.
