Woodward Inc Stock Price, News & Analysis

Woodward (WWD) reported record financial results for fiscal year 2024, with total sales reaching $3.3 billion, up 14% year-over-year. Fourth quarter sales were $855 million, increasing 10%. The company achieved significant earnings growth with full-year EPS of $6.01, up 59%. Aerospace segment showed strong performance with 15% annual revenue growth, while Industrial segment grew 13%. For fiscal 2025, Woodward expects continued growth in Aerospace but projects Industrial segment sales to decline 7-11% due to reduced China on-highway natural gas truck sales.

Woodward (WWD) has signed a definitive agreement to sell its heavy duty gas turbines combustion parts business in Greenville, S.C., to GE Vernova (GEV). The transaction involves assets dedicated to supplying parts and services to GE Vernova and is expected to close in early 2025. The deal is not considered financially material to Woodward, and the transaction amount remains undisclosed. The acquisition aims to strengthen GE Vernova's domestic supply chain amid increasing demand for heavy duty gas turbines and upgrades globally. Both companies are working to ensure a smooth transition for Greenville employees.

Woodward (NASDAQ: WWD), a provider of aerospace and industrial energy control solutions, has scheduled its fiscal 2024 fourth quarter and full year earnings release for Monday, November 25, 2024, at approximately 4:00 p.m. ET. A conference call will follow at 5:00 p.m. ET, where the company will present an overview of its business and financial performance. The call will be accessible through the company's website at woodward.com or via telephone, with Conference ID 4675940.

Woodward Inc. (NASDAQ:WWD) has announced a quarterly cash dividend of $0.25 per share. The dividend will be payable on December 5, 2024, to stockholders of record as of November 21, 2024. This declaration by the Board of Directors demonstrates Woodward's commitment to returning value to its shareholders. The consistent dividend payout may be seen as a positive signal of the company's financial stability and confidence in its future performance.

Woodward Inc. (NASDAQ: WWD) celebrated the completion of its $55 million aerospace Maintenance, Repair and Overhaul (MRO) facility transformation in Loves Park, Illinois. The state-of-the-art facility aims to meet growing demand for aircraft fleet fuel controls aftermarket services. Key highlights include:

• 165,000-square-foot modern space for manufacturing, assembly, testing, and aftermarket services
• Advanced features like Rapid Advanced Machining, automated equipment, and new digital technologies
• Potential addition of 100 new jobs over the next 5-7 years
• Reduced turnaround time and compliance with OEM, airline, and FAA regulations
• Focus on operational excellence, safety, quality, and sustainability

The investment positions Woodward to capitalize on increasing air traffic, legacy aircraft usage, and the introduction of new engines with more Woodward content.

Woodward (NASDAQ: WWD), a leader in aerospace and industrial energy control solutions, has appointed Ron Charles as its new Executive Vice President and Chief Human Resources Officer, effective September 9, 2024. Charles will lead Woodward's overall human resources function, including organizational capability, talent management, and diversity initiatives. With over 25 years of HR experience, Charles joins Woodward from Chemours, where he served as CHRO for seven years. He will report directly to CEO Chip Blankenship and play a important role in building Woodward's talent powerhouse and workplace culture. Charles holds an MBA in Human Resource Management and has a strong track record in leading global HR teams that support business objectives.

Woodward (NASDAQ: WWD), a leader in aerospace and industrial energy control solutions, has appointed Karrie Bem as Executive Vice President, General Counsel, Corporate Secretary, and Chief Compliance Officer, effective September 16. Bem will lead the company's legal and compliance function, reporting directly to CEO Chip Blankenship. She brings extensive experience from Lockheed Martin Space and United Launch Alliance, as well as 24 years of service in the U.S. Air Force Reserve. Bem's expertise spans legal, business, and technology areas, including policy, regulatory matters, intellectual property, government contracts, and corporate governance.

Woodward (NASDAQ: WWD) has announced its participation in a virtual fireside chat hosted by Goldman Sachs on August 28, 2024, at 11:00 a.m. ET. The event will feature Chip Blankenship, Chairman and CEO, and Bill Lacey, CFO, in conversation with Noah Poponak of Goldman Sachs.

Interested parties can register for the webcast using the provided link, which should be accessed at least 10 minutes before the event start time. The live webcast will also be available on Woodward's investor relations website, where it will remain accessible for 14 days following the event.

Woodward, Inc. (NASDAQ:WWD) has announced a five-year Maintenance, Repair, and Overhaul (MRO) Services agreement with Lufthansa Technik. This agreement extends their 25-year relationship, with Woodward continuing to provide MRO work for Lufthansa Technik's critical fuel system components at facilities in Rockford, IL, and Prestwick, UK. The collaboration covers Woodward-manufactured components for widebody and narrowbody engine types. John Di Silvestro, Woodward's Senior VP of Sales, Marketing & Services, emphasized the long-standing partnership, while Thomas Böttger, VP of Corporate Procurement at Lufthansa Technik, expressed readiness to expand the collaboration to other aircraft and engine types.