joining Don. you, today. Thank to Welcome us those
challenged. Industrial be segment Our strong, while remains Aerospace performance Organic segment our continues to
adjusted the we with L’Orange our basis. results completion seeing Industrial anticipated in the already the However, favorable are an of acquisition, impact on
as negative address on Clearly, the a to impact global implication tariffs imposition of can balance like on I’d Before the economy quarter, of to tariffs I Woodward. potential have trade. attempt get issue and parties for detail into the more the
Woodward, in used both For impact our of most in notable segments. commodities be certain would and Aerospace the
directed against could of its supplier, supplier -- tariffs domestically. contracts to those are aerospace specific impact this assess. Woodward in an potential and for aluminum to customer respect designs specifically, to rising not imposition most our space downstream With are of increases. sourced insulate commodities, the be generally avenue With one impactful, this the respect The and of and just both As costs. impossible tariffs steel stage is the but requirements are at of for to
have supplier protected areas, certain contract increased from customer both us in have terms prices commodity and While impacts. to-date significant
significant to them be impacts the there in on remain were our place, term, Over to and if cost could ability pass longer tariffs along.
situation We continue information will more available. we to and provide the as monitor
our Turning improvement in business provide jet overall on market me the Airshow, as segments. remain evidenced exceptionally new some recorded Farnborough back order Aerospace let to Fundamentals at defense rotorcraft flow continued global spending. within the industry and by detail the mounting more markets, strong quarter, and
already transition are Farnborough what strong levels, to billion aircraft. and efficient $XXX this aircraft the new announced accelerated than historically during Building have orders this past prices month. Boeing oil more rising historically more Airbus in Airshow backlog Additionally, upon
the by We during business of content the Woodward to strong very Commercial represent aircraft programs. ramp future our have be narrow More sales. on show, the continues which significant Aerospace new driven body nearly ordered the specifically, XXX% of up
our activity. leverage heavy on profitability to OEM productivity sales, we and growth, facilities, During this at maintained improving strong of solid new period increasing have aftermarket
business budgets, specifically increased Our ongoing weapons. global defense also guided results, driving activity, increased Defense reflecting more solid overall in strength generated
decreasing. the Industrial to inventories to market Industrial main the Within focusing are market Turning but continued and three power turbine generation, Industrial on segments. decline, gas
On gas to We toward and aggressively have bottom. higher with positive we are shifting turbines is address nearing reduced demand Woodward the note, optimistic conditions. cost content market we a market that are
anticipate the will is gas improvement would economic we activity distributed However, In market it’s applications, gas certain see power diesel natural engines, utilizing forward. power growing. within we is going sales renewables, generation, areas unlikely so that XXXX. before Overall, positively turbine in and large where impacting improvement including global
share than led compressor the marine Woodward benefiting anticipated. a including from vehicle slower oil of acquired L’Orange gas sixth and oil begin platforms, Vestas, performing natural June is with in the in ‘XX. emission customer in business should aftermarket. business within Oil with incentive X gas-fueled will rise year healthy, markets, new the vehicles including steam gas well China success impact natural regaining as the on The to in markets going standard, we Chinese adoption ongoing sales Our driving volatility fiscal transportation, In is improvements in large engine, on remained which has market of price forward. is the be and further coupled for gas sales announcement prices, fueling a our the gas There to and recent The and very positive the strong oil investment. products. rise activity in
the While as one integration been summary, planned. recently and as In commitments Activity closing, very is Woodward’s at us spending industry announced it’s month highlight thriving. healthy we opportunities. since are NATO defense out levels only of is as and Aerospace proceeding well on remains ahead optimistic opportunities Aerospace Farnborough, future the business of
have opportunities to which expanded industry-leading technology investments the numerous in in We share through our future. create will continue greatly market
as of that of our are improvement encouraged we well-positioned industrial several go we signs are are and showing forward. markets we believe We end
our our levels. costs to continue remaining with to align leadership in enhance to innovation position, current while drive efforts demand We diligent our
the business expect about provide are boost of performance. extremely and segment a to addition Industrial to we excited Woodward the Finally, L’Orange significant our
Now, turn let to Bob discuss to me over financials.
