Woodward, Inc. revised consolidated earnings guidance for the year 2022. COVID-19 operational related disruptions and net inflationary impacts during the second quarter of fiscal 2022 were greater than anticipated. Although operational improvement is expected through the remainder of the year, Woodward has revised its fiscal year 2022 outlook.

The revised outlook assumes the current inflationary environment does not significantly worsen. Total net sales for 2022 are now expected to be between $2.40 and $2.55 billion.