Woodward Inc Stock Price, News & Analysis

Woodward reported third-quarter fiscal 2021 results with net sales of $557 million, up 6% from $524 million a year ago. Net earnings and adjusted net earnings stood at $49 million, or $0.74 per share, compared to $38 million, or $0.61 per share in Q3 2020. The aerospace segment grew by 11%, reaching $341 million, while the industrial segment saw sales of $216 million. Year-to-date, net sales totaled $1.68 billion, down from $1.96 billion in 2020. Despite the challenges from COVID-19 and supply chain disruptions, Woodward's cash flow improved, with free cash flow at $297 million.

Woodward, Inc. (NASDAQ:WWD) declared a cash dividend of $0.1625 per share for Q3, payable on August 30, 2021, to stockholders of record as of August 16, 2021. The company focuses on control system solutions and components for aerospace and industrial markets, offering innovative technologies that enhance equipment efficiency and reliability. Woodward, headquartered in Fort Collins, Colorado, aims to support its customers' needs in cleaner and more reliable operations.

Woodward, Inc. (NASDAQ: WWD) will release its fiscal 2021 third quarter financial results on August 2, 2021, at 4:00 p.m. EDT. A conference call for investors will follow at 4:30 p.m. EDT, providing insights into the company's financial performance. Interested parties can listen live on the company's website or via phone. The release will include forward-looking statements subject to risks that might affect actual results. Detailed performance factors are discussed in Woodward's Annual Report and subsequent filings.

Woodward, Inc. (NASDAQ: WWD) reported its Q2 fiscal 2021 results, revealing net sales of $581 million, a 19% decline from $720 million in Q2 2020. Net earnings were $68 million or $1.04 per share, down from $91 million or $1.41 per share a year earlier. However, sequentially, net sales rose 8% and net earnings increased 64%. The aerospace segment saw net sales of $365 million, while industrial sales were $217 million. The ongoing pandemic continues to challenge recovery, leading to uncertain future guidance.

Woodward, Inc. (NASDAQ:WWD) declared a quarterly cash dividend of $0.1625 per share, payable on June 1, 2021. The record date for stockholders is May 18, 2021. Woodward, based in Fort Collins, Colorado, provides control system solutions for aerospace and industrial applications, helping customers improve equipment efficiency and reliability. The company continues to focus on innovation in fluid and motion control systems, serving both original equipment manufacturers and end users.

Woodward, Inc. (NASDAQ: WWD) will report its fiscal 2021 Q2 financial results on May 3, 2021, at 4:00 p.m. EDT. A conference call will follow at 4:30 p.m. EDT to discuss business and financial performance. Interested parties can listen live on the company’s website or via phone. An audio replay will be available until May 17, 2021. Woodward specializes in control system solutions for aerospace and industrial markets, aiding clients in delivering cleaner and more efficient equipment. Forward-looking statements in the release include risks and uncertainties that may affect actual performance.

Woodward, Inc. (NASDAQ: WWD) has reinstated its quarterly cash dividend at $0.1625 per share, increasing from $0.08125 in the previous quarter. This dividend is scheduled for payment on March 8, 2021, for shareholders on record as of February 22, 2021. The company attributes this significant increase to successful strategic actions taken amid the COVID-19 pandemic and a strengthened balance sheet as global markets stabilize. CEO Thomas A. Gendron expressed confidence in the company's recovery and commitment to generating shareholder value.

Woodward, Inc. (NASDAQ:WWD) reported Q1 2021 results showing net sales of $538 million, a 25% decline from $720 million a year prior. Net earnings were $42 million ($0.64 per share), down from $53 million ($0.83 per share) in Q1 2020. However, net cash from operations surged to $147 million from $27 million year-over-year. The Aerospace segment faced a 32% reduction in sales, while the Industrial segment fell 12%. The company remains cautious about future guidance due to the ongoing impact of COVID-19.