Woodward reports first quarter fiscal year 2010 results

Woodward reported that net sales for the 2010 first quarter were $339.3 million, down 2% from $344.7 million for the 2009 first quarter. Net earnings for the 2010 first quarter were $22.4 million, compared with $27.1 million in the 2009 first quarter. Foreign currency exchange rates had a favorable impact on net sales of approximately $9 million for the 2010 first quarter. Operating earnings were $39.6 million for the first quarter of 2010 compared to $44.0 million for the first quarter of 2009.