FORT COLLINS -- Woodward Governor Co. (Nasdaq: WGOV) on April 21 reported sales for its second fiscal quarter of 2008 were 19 percent higher than the same period one year ago.

Net sales for the quarter were $305.8 million compared to $256.3 million for the same quarter in 2007. Net earnings for the quarter were $29.7 million, or $0.43 per share, compared to $20.3 million, or $0.29 per share, in the same quarter one year ago.

"We are pleased to see that investments made in prior years are delivering results in the growth of our systems and product sales," said Thomas A. Gendron, Woodward's chairman and CEO. "In addition to the sales growth, the successful development, production and marketing of our product offerings have been critical to realizing our improved financial performance."

Woodward reported a 43 percent net sales increase in its electrical power systems products, a 14 percent increase in its engine systems net sales and a 13 percent net sales increase for its turbine systems.