Welcome to our dedicated page for Woodward news (Ticker: WWD), a resource for investors and traders seeking the latest updates and insights on Woodward stock.
Woodward, Inc. (NASDAQ: WWD) is a global company headquartered in Fort Collins, Colorado, USA, that focuses on energy conversion and control solutions for aerospace and industrial equipment markets. This news page aggregates company-issued announcements and other coverage related to Woodward’s operations, financial performance, and strategic actions.
According to its earnings releases, Woodward reports results for its Aerospace and Industrial businesses, including details on sales, segment earnings, and demand trends in commercial and defense aerospace, power generation, transportation, and oil and gas markets. News items frequently cover quarterly and annual financial results, guidance updates, and commentary from management on business conditions.
Woodward’s press releases also describe corporate developments such as share repurchase authorizations approved by the Board of Directors, cash dividend declarations, and portfolio changes, including acquisitions and divestitures. For example, the company has announced the completion of an acquisition of an electromechanical actuation business and the divestiture of an Industrial combustion product line, as well as plans for an advanced aerospace manufacturing facility in Spartanburg County, South Carolina.
Leadership and governance updates, including executive appointments within the Aerospace and Industrial segments, are also reflected in Woodward’s news flow and related Form 8-K filings. Investors and followers of WWD can use this page to review earnings releases, capital allocation announcements, facility investment plans, and other material events that Woodward reports through Globe Newswire and SEC filings. Bookmark this page to quickly access the latest company communications and historical news context for Woodward, Inc.
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Woodward, Inc. (NASDAQ: WWD) has announced that it will report its fiscal 2023 second quarter financial results on May 1, 2023, at approximately 4:00 p.m. ET. A conference call will follow at 4:30 p.m. ET, providing an overview of the company's business and financial performance. Interested parties can listen to the call live on the company’s website or via telephone. An audio replay will be available for two weeks post-call. As a global leader in energy conversion and control solutions, Woodward aims to contribute to a cleaner, decarbonized world with its innovative technology. The company also includes a notice regarding forward-looking statements that could impact actual results versus projections.
Woodward, Inc. (NASDAQ: WWD) has appointed William (Bill) Lacey as the new Chief Financial Officer (CFO), effective May 8, 2023. Lacey brings extensive financial and operational experience, having served previously as Vice President of Finance at Amazon and CEO of Savant’s Lighting division. He boasts a notable 28-year career at General Electric (GE) in various senior leadership roles, including CFO of GE’s Healthcare and Wind Energy divisions. In his new role, Lacey will oversee Woodward’s financial operations and collaborate closely with the executive team to drive the company’s strategic initiatives. He replaces Mark Hartman, who is leaving the company. Lacey is expected to enhance Woodward's financial strategy and contribute to profitable growth, while also holding a Business Administration degree from Florida A&M University and relocating to Fort Collins, Colorado.
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Woodward, Inc. (NASDAQ: WWD) has announced a quarterly dividend increase to $0.22 per share, up from $0.19, reflecting a commitment to returning value to shareholders. The dividend is payable on March 7, 2023, to stockholders on record as of February 21, 2023. This increase underscores the company’s financial health and confidence in future performance. Woodward specializes in energy conversion and control solutions across aerospace and industrial sectors, actively contributing to a cleaner, decarbonized world.
Woodward, Inc. (NASDAQ:WWD) reported a 14% increase in net sales for Q1 FY2023, totaling $619 million, compared to $542 million in Q1 FY2022. Net earnings remained flat at $30 million or $0.49 per share, up from $0.47 per share last year. Free cash flow fell to negative $19 million, down from $26 million. The company highlighted ongoing operational challenges due to supply chain issues and inflation, impacting profitability. Despite these challenges, Woodward's outlook for FY2023 remains unchanged, projecting total net sales between $2.60 billion and $2.75 billion.
Woodward, Inc. (NASDAQ: WWD) will announce its fiscal 2023 first quarter financial results at 4:00 p.m. EST on January 30, 2023. A conference call will follow at 4:30 p.m. EST to discuss the company's business and financial performance. Investors can access the call via the company's website or by phone, and a replay will be available until February 13, 2023. Woodward is a leader in energy conversion solutions for aerospace and industrial markets, contributing to a decarbonized world with its advanced technologies.
Woodward, Inc. (NASDAQ:WWD) announced a collaboration with Airbus to provide the Fuel Cell Balance of Plant (BoP) solution for the ZEROe demonstrator, aimed at developing a zero-emission aircraft by 2035. This partnership emphasizes Woodward's advanced design capabilities and fuel technologies, crucial for hydrogen propulsion. Woodward's contributions include monitoring and control systems for hydrogen fuel. The President of Woodward Aerospace expressed pride in supporting Airbus's decarbonization goals through this innovative project.