Woodward Governor Company reported that net sales for the quarter were $386.2 million, up 17% from $329.8 million for the same quarter of last year. Net earnings, including special items, for the quarter were $25.0 million compared with $32.4 million in last year’s third quarter. Foreign exchange rates had a negative impact in the quarter of approximately $13 million on net sales and an unfavorable impact of approximately $0.02 per share on net earnings.
Net sales for the nine-month period were $1.066 billion, up 17% from $907.7 million from the nine-month period last year. Net earnings for the nine-month period were $70.5 million compared with $87.5 million for last year’s nine-month period. Earnings for the nine-month period included special items.
