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 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.
Woodward reported its Q1 fiscal 2022 results with net sales of $542 million, up 1% year-over-year. However, net earnings fell to $30 million or $0.47 per share, down from $42 million or $0.64 per share. Adjusted net earnings were $36 million or $0.56 per share. Operating cash flow dropped significantly to $39 million from $147 million. The company anticipates 2022 net sales between $2.45 billion and $2.65 billion, with challenges from ongoing COVID-19 disruptions.
Woodward, Inc. (NASDAQ: WWD) is set to announce its fiscal 2022 Q1 financial results on January 31, 2022, at approximately 4:00 p.m. EST. Following the release, the company will host a conference call at 4:30 p.m. EST to discuss its business and financial performance. Interested parties can access the call via Woodward's website or by phone. The company emphasizes its commitment to transparency with a replay available until February 14, 2022. Woodward specializes in control systems for aerospace and industrial markets, focusing on cleaner and more efficient solutions.
Woodward reported its fiscal year 2021 and Q4 results, showcasing net sales of $2.25 billion, down 10% from $2.50 billion in 2020. Q4 net sales increased by 7% to $570 million. Earnings per share for the year were $3.18, compared to $3.74 in 2020. Notably, free cash flow rose to $427 million from $302 million. CEO Thomas A. Gendron highlighted resilience amidst COVID-19 impacts and supply chain disruptions. For fiscal 2022, sales are projected between $2.45 and $2.65 billion, with earnings per share forecasted between $3.55 and $3.95.
Woodward, Inc. (NASDAQ: WWD) announced it will report its fiscal 2021 fourth quarter and full year financial results on November 18, 2021, at 4:00 p.m. EST. A conference call will follow at 4:30 p.m. EST, where an overview of the business and financial performance will be provided. Investors can participate via the company's website or by phone. Audio replays will be accessible until December 2, 2021. The company specializes in control system solutions for aerospace and industrial markets, promoting cleaner and more efficient equipment.
Woodward today announced a quarterly cash dividend of $0.1625 per share, set for payment on November 29, 2021. Shareholders of record by November 15, 2021 will be eligible to receive this dividend. Woodward is recognized for its innovative control systems for the aerospace and industrial sectors, emphasizing cleaner and more efficient equipment. The company, headquartered in Fort Collins, Colorado, aims to maintain strong customer relationships while navigating market challenges.