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.
Woodward, Inc. (NASDAQ:WWD) has declared a cash dividend of $0.19 per share for the quarter, set to be paid on August 29, 2022. This dividend will benefit stockholders of record as of August 15, 2022. Woodward is recognized as a leader in energy conversion and control solutions, aimed at fostering a cleaner, decarbonized world through innovative technologies.
Woodward, Inc. (NASDAQ: WWD) has announced it will report its fiscal 2022 third quarter financial results on August 1, 2022, at 4:00 p.m. EDT. A conference call will follow at 4:30 p.m. EDT, where insights into the company’s business and financial performance will be shared. The call can be accessed live on Woodward’s website, with a replay option available until August 15, 2022. The press release also includes a notice regarding forward-looking statements, highlighting risks that may affect actual results.
Woodward, Inc. (NASDAQ:WWD) reports Q2 2022 net sales of $587 million, a 1% increase from the previous year. However, net earnings fell to $48 million ($0.74/share) compared to $68 million ($1.04/share) in Q2 2021. Adjusted net earnings were $47 million ($0.72/share). The company faced challenges from COVID-19 disruptions and inflation, impacting both Aerospace and Industrial segments. Free cash flow decreased significantly to $26 million from $206 million. The fiscal 2022 outlook has been revised, expecting sales between $2.40 and $2.55 billion, with adjusted EPS guidance lowered to $3.20-$3.60.
Woodward, Inc. (NASDAQ:WWD) declared a cash dividend of $0.19 per share for the quarter, payable on May 31, 2022, to stockholders of record as of May 17, 2022. This announcement reflects the company's commitment to providing returns to shareholders. Woodward specializes in energy conversion and control solutions for aerospace and industrial markets, aiming to facilitate a cleaner, decarbonized world. The company is headquartered in Fort Collins, Colorado.
Woodward Announces Leadership Transition
Woodward, Inc. (WWD) revealed that Thomas A. Gendron will retire as CEO and Chairman effective May 9, 2022, after 31 years with the company. Charles (Chip) Blankenship has been appointed as his successor. Gendron will remain with the company as a director through July 11, 2022, to ensure a smooth transition. Blankenship, a seasoned leader with experience in aerospace and industrial sectors, expressed his commitment to leading Woodward for future growth and delivering value to shareholders.
Woodward announced the appointment of William John Godsman as Corporate Vice President, Strategy and Business Development, effective May 2, 2022. Godsman will be responsible for directing strategy and overseeing digital transformation efforts. With over 25 years of experience in M&A and business development, he previously served at General Electric and Deutsche Bank. CEO Thomas A. Gendron expressed confidence in Godsman's capabilities to benefit Woodward significantly. Woodward is a leader in energy control solutions, focused on a cleaner, decarbonized world.
Woodward, Inc. (NASDAQ: WWD) will report its fiscal 2022 second quarter financial results on May 2, 2022, at 4:00 p.m. EDT. A conference call will follow at 4:30 p.m. EDT to discuss the company's business and financial performance. Interested parties can access the call via the company’s website or by phone, with replay options available until May 16, 2022. Woodward specializes in energy conversion and control solutions for aerospace and industrial markets, contributing to a cleaner, decarbonized world.
Woodward, Inc. (NASDAQ: WWD) will host an Investor Day on March 9, 2022, in New York City, focusing on its long-term strategy and growth forecasts. The event will start with registration at 7:30 a.m. EST, followed by presentations at 9:00 a.m. EST, and lunch afterward. Attendees must show proof of vaccination. A live webcast will be available on the company’s website, with a replay accessible until April 13, 2022. Woodward is a leader in energy conversion and control solutions for aerospace and industrial markets.
Woodward, Inc. (NASDAQ: WWD) has authorized a two-year stock repurchase program, allowing for the purchase of up to $800 million in shares, replacing the previous repurchase program. This initiative reflects the company's strong financial position and commitment to returning capital to shareholders through stock buybacks and dividends. CEO Thomas A. Gendron emphasized the importance of this strategy for capital deployment while supporting future business growth. The program aims to enhance shareholder value and leverage robust cash flow generation.
Woodward announced a dividend increase to $0.19 per share from $0.1625. This dividend is payable on March 7, 2022, to shareholders on record as of February 21, 2022. Woodward is a leader in energy conversion and control solutions, enabling a cleaner, decarbonized world. The company faces risks and uncertainties related to forward-looking statements regarding its operations and financial performance.
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