EX-99.2 3 exhibit2.htm EX-99.2 EX-99.2

Woodward Governor Company
Supplemental Business Segment Information — Reported Segment Results
(Unaudited)
(In thousands of dollars)

                                         
    Year Ended September 30,   Three Months Ended
    2005   2006   December 31, 2006   March 31, 2007   June 30, 2007
Total segment net sales:
                                        
Turbine Systems
   $ 434,030   $ 458,923   $ 117,005   $ 130,772   $ 132,297
Engine Systems
   430,892   430,448   102,921   110,024   117,565
Electrical Power Systems
   69,748   76,186   32,302   45,223   49,240
Total
   $ 934,670   $ 965,557   $ 252,228   $ 286,019   $ 299,102
 
                                        
Intersegment sales:
                                        
Turbine Systems
   $ 19,563   $ 20,197   $ 4,681   $ 5,344   $ 5,422
Engine Systems
   38,813   39,829   9,109   10,275   10,498
Electrical Power Systems
   48,568   51,016   12,190   14,102   14,157
Total
   $ 106,944   $ 111,042   $ 25,980   $ 29,721   $ 30,077
 
                                        
External net sales:
                                        
Turbine Systems
   $ 414,467   $ 438,726   $ 112,324   $ 125,428   $ 126,875
Engine Systems
   392,079   390,619   93,812   99,749   107,067
Electrical Power Systems
   21,180   25,170   20,112   31,121   35,083
Total
   $ 827,726   $ 854,515   $ 226,248   $ 256,298   $ 269,025
 
                                        
Segment earnings:
                                        
Turbine Systems
   $ 63,037   $ 67,584   $ 19,294   $ 23,830   $ 23,193
Engine Systems
   23,690   40,829   12,577   11,785   15,398
Electrical Power Systems
   1,921   4,475   3,593   6,409   5,200
Total
   $ 88,648   $ 112,888   $ 35,464   $ 42,024   $ 43,791
 
                                        
Earnings Reconciliation:
                                        
Total segment earnings
   $ 88,648   $ 112,888   $ 35,464   $ 42,024   $ 43,791
Nonsegment expenses
   (13,710 )   (26,052 )   (8,243 )   (9,918 )   (5,998 )
Curtailment gain
   7,825   —   —   —   —
Interest expense and income, net
   (3,655 )   (2,339 )   (569 )   (696 )   (653 )
Consolidated earnings before income taxes
   $ 79,108   $ 84,497   $ 26,652   $ 31,410   $ 37,140