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 reported its fiscal 2022 results, showing a 6% increase in net sales to $2.38 billion, driven by strong demand. However, net earnings fell to $172 million ($2.71 per share) from $209 million ($3.18 per share) due to industry challenges including inflation and supply chain disruptions. Fourth-quarter sales rose 12% to $640 million, but net earnings increased only slightly to $54 million. The company anticipates 2023 sales between $2.60 billion and $2.75 billion, with expected growth in Aerospace (14-19%), though supply chain risks remain a concern.
Woodward, Inc. (NASDAQ: WWD) will announce its fiscal 2022 fourth quarter and full year financial results on November 17, 2022, at 4:00 p.m. EST. A conference call will follow at 4:30 p.m. EST, providing insights into the company's business and financial performance. Investors can participate via the company's website or by phone. Woodward is a leader in energy conversion and control solutions for aerospace and industrial markets, dedicated to contributing to a cleaner, decarbonized world. Forward-looking statements in the release include risks and uncertainties regarding future performance.
Woodward, Inc. (NASDAQ:WWD) announced a restructured leadership and organizational framework aimed at enhancing customer experience and profitability. Under CEO Chip Blankenship, the Aerospace segment will combine Aircraft Turbine Systems and Aero Systems, led by Terry Voskuil, while Roger Ross will focus on growth in Missiles and Space. The Industrial segment will merge Engine Systems and Turbomachinery Systems, with Randy Hobbs appointed as President. Sagar Patel will be departing the company. These changes are intended to simplify operations and align with market demands.
Woodward, Inc. (NASDAQ:WWD) has declared a quarterly cash dividend of $0.19 per share, set to be paid on November 28, 2022. Stockholders recorded as of November 14, 2022 will be eligible for this dividend. Woodward is recognized as a leader in energy conversion and control solutions, serving the aerospace and industrial equipment sectors, while driving advancements towards a cleaner, decarbonized future.
Woodward reported Q3 2022 net sales of $614 million, a 10% increase from $557 million in Q3 2021. However, net earnings fell to $39 million ($0.64/share) from $49 million ($0.74/share) due to labor and material inflation, alongside global supply chain disruptions impacting profitability. The Aerospace segment saw an 18% sales increase at $402 million, while the Industrial segment declined 1% to $213 million. The company revised FY22 guidance, expecting net sales between $2.35 billion and $2.40 billion.
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.