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. reports developments tied to its aerospace and industrial control systems business. The company designs, manufactures, and services components such as fuel controls, pumps, actuators, valves, sensors, electronics, ignition systems, fuel injection systems, and flight deck controls for turbine engines, aircraft, power generation, transportation, and oil and gas applications.
Recurring Woodward news includes quarterly results and outlook updates for its Aerospace and Industrial segments, cash dividend declarations, board and governance changes, and customer or service-network agreements. Recent company announcements also cover licensed repair service facility arrangements and parts distribution for commercial aviation engines, including support for Woodward components used in CFM LEAP, GEnx, and CF34 platforms.
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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.
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.