Woodward Announces Substantial Increase in Share Repurchase Authorization
Woodward (NASDAQ:WWD) announced a new $1.8 billion share repurchase authorization covering three years, funded from the company’s balance sheet and subject to market conditions and discretion.
The Board completed the prior $600 million authorization in November 2025, more than a year ahead of plan, and over the past 10 years Woodward has returned approximately $2.0 billion to shareholders through dividends and repurchases, equal to about 78% of net earnings over that period.
Management stated capital priorities: reinvest in the business, selectively pursue strategic M&A, then return cash via dividends and repurchases. The authorization does not obligate repurchases and may be modified, suspended, or discontinued at any time.
Woodward (NASDAQ:WWD) ha annunciato una nuova autorizzazione per riacquistare azioni per $1,8 miliardo coperta su tre anni, finanziata dal bilancio della società e soggetta alle condizioni di mercato e alla discrezione.
Il Consiglio ha completato la precedente autorizzazione da $600 milioni nel novembre 2025, oltre un anno prima del piano, e negli ultimi 10 anni Woodward ha restituito agli azionisti circa $2,0 miliardi tramite dividendi e riacquisti, pari a circa 78% degli utili netti in quel periodo.
La direzione ha indicato le priorità di capitale: reinvestire nell'attività, perseguire in modo selettivo operazioni strategiche di M&A, quindi restituire liquidità tramite dividendi e riacquisti. L'autorizzazione non obbliga i riacquisti e può essere modificata, sospesa o interrotta in qualsiasi momento.
Woodward (NASDAQ:WWD) anunció una nueva autorización de recompra de acciones por $1.8 mil millones para cubrir tres años, financiada con el balance de la compañía y sujeta a condiciones de mercado y discreción.
La Junta completó la anterior autorización de $600 millones en noviembre de 2025, con más de un año de antelación respecto al plan, y en los últimos 10 años Woodward ha devuelto a los accionistas aproximadamente $2.0 mil millones a través de dividendos y recompras, lo que equivale a cerca del 78% de las ganancias netas durante ese periodo.
La dirección indicó las prioridades de capital: reinvestir en el negocio, perseguir selectivamente fusiones y adquisiciones estratégicas, y luego devolver efectivo mediante dividendos y recompras. La autorización no obliga a realizar recompras y puede ser modificada, suspendida o descontinuada en cualquier momento.
Woodward(NASDAQ:WWD)는 3년간 커버하는 $1.8십억의 주식 재매입 승인권을 발표했으며, 회사의 대차대조표에서 자금을 조달하고 시장 상황 및 재량에 따라 결정됩니다.
이사회는 2025년 11월에 이전의 $600백만 승인권을 완료했으며, 계획보다 1년 이상 앞섰고, 지난 10년간 Woodward는 주주들에게 배당 및 재매입을 통해 약 $20억를 반환했으며, 이는 그 기간의 순이익 약 78%에 해당합니다.
경영진은 자본의 우선순위를: 비즈니스에 재투자, 전략적 M&A를 선별적으로 추구, 그리고 현금을 배당 및 재매입으로 환원이라고 밝혔습니다. 이 승인권은 재매입을 의무화하지 않으며 언제든지 수정, 중단 또는 중지될 수 있습니다.
Woodward (NASDAQ:WWD) a annoncé une nouvelle autorisation de rachat d'actions de 1,8 milliard de dollars couvrant trois ans, financée par le bilan de l'entreprise et soumise aux conditions du marché et à la discrétion.
Le conseil d'administration a clôturé l'autorisation précédente de 600 millions de dollars en novembre 2025, plus d'un an avant le plan, et au cours des 10 dernières années, Woodward a retourné environ 2,0 milliards de dollars aux actionnaires via des dividendes et des rachats, soit environ 78% des bénéfices nets sur cette période.
La direction a indiqué les priorités de capital: réinvestir dans l'entreprise, poursuivre de manière sélective des fusions et acquisitions stratégiques, puis redistribuer des liquidités via des dividendes et des rachats. L'autorisation n'oblige pas les rachats et peut être modifiée, suspendue ou abandonner à tout moment.
Woodward (NASDAQ:WWD) hat eine neue Aktienrückkauf-Autorisierung in Höhe von 1,8 Milliarden Dollar für drei Jahre angekündigt, finanziert aus der Bilanz des Unternehmens und vorbehaltlich der Marktbedingungen und Ermessensspielraum.
Der Vorstand schloss die vorherige Autorisierung über 600 Millionen Dollar im November 2025 ab, mehr als ein Jahr vor Plan, und in den letzten 10 Jahren hat Woodward den Aktionären rund 2,0 Milliarden Dollar durch Dividenden und Rückkäufe zurückgezahlt, was etwa 78% des Nettoeinkommens in diesem Zeitraum entspricht.
Das Management gab die Kapitalprioritäten bekannt: In das Geschäft reinvestieren, selektiv strategische M&A verfolgen, dann Cash per Dividenden und Rückkäufen zurückgeben. Die Autorisierung verpflichtet nicht zu Rückkäufen und kann jederzeit geändert, ausgesetzt oder beendet werden.
Woodward (NASDAQ:WWD) أعلن عن تفويض جديد لإعادة شراء الأسهم بقيمة 1.8 مليار دولار يغطي ثلاث سنوات، ممول من الميزانية العمومية للشركة وخاضع لظروف السوق وتقدير الإدارة.
أنهى المجلس التفويض السابق البالغ 600 مليون دولار في نوفمبر 2025، قبل الخطة بأكثر من عام، وعلى مدار السنوات العشر الماضية أعادت Woodward للمساهمين ما يقرب من 2.0 مليار دولار من خلال الأرباح الموزعة وإعادة الشراء، ما يعادل نحو 78% من صافي الأرباح خلال تلك الفترة.
قالت الإدارة إن أولويات رأس المال هي: إعادة الاستثمار في الأعمال، والسعي بشكل انتقائي لاستحواذات وتكامل استراتيجي، ثم إعادة النقد عبر الأرباح الموزعة وإعادة الشراء. هذه التفويض لا يلزم بإجراء إعادة شراء ويمكن تعديله أو تعليقه أو إيقافه في أي وقت.
- $1.8B new repurchase authorization over three years
- Completed prior $600M buyback more than one year early
- Returned ~$2.0B to shareholders over 10 years (~78% of net earnings)
- Repurchases are discretionary and may be modified, suspended or discontinued
- Authorization does not obligate a specific dollar amount or share count
Insights
Board approved a large, multi-year buyback: immediate shareholder return signal backed by strong cash generation.
Share repurchases reduce outstanding shares and can raise per‑share earnings if executed; the Board authorized a
Key dependencies and risks include the pace and timing of repurchases, competing uses of cash (reinvestment and selective M&A as stated), and market conditions that can limit execution or change priorities. The authorization is discretionary and non‑binding, so actual impact depends on deployment decisions and whether buybacks coincide with attractive valuations.
Watch execution cadence, annual buyback spending vs stated priorities, and any shifts in the balance sheet or M&A activity over the next
FORT COLLINS, Colo., Nov. 20, 2025 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD) today announced that its Board of Directors has approved a new
“This new authorization reflects the Board’s confidence in Woodward’s long-term growth trajectory, robust cash generation, and our commitment to delivering compelling shareholder returns,” said Chip Blankenship, Chairman and Chief Executive Officer. “We continue to see substantial growth opportunities across our end markets, driven by strong demand, technology leadership, and our disciplined execution.”
Over the past 10 years, Woodward has returned approximately
“We have a strong balance sheet, and we intend to use it,” said Bill Lacey, Chief Financial Officer. “Our capital allocation priorities are first to reinvest in our business, second to selectively pursue strategic M&A, and third to return cash to shareholders through dividends and share repurchases.”
The shares may be repurchased from time to time using various methods, subject to market conditions and the Company’s discretion. The new authorization does not obligate the Company to acquire a specific dollar amount or number of shares and may be modified, suspended or discontinued at any time.
About Woodward, Inc.
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com
Cautionary Statement
Information in this press release contains forward-looking statements regarding future events and our future results within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including, but not limited to, anticipated trends and opportunities in our business and markets, our capital allocation plans and priorities and the extent to which we are able or choose to execute such plans and priorities, and the amount and timing of any potential repurchases of shares under the Company’s newly authorized stock repurchase program. Factors that could cause actual results and the timing of certain events to differ materially from the forward-looking statements include, but are not limited to: (1) global economic uncertainty and instability, including in the financial markets that affect Woodward, its customers, and its supply chain; (2) risks related to constraints and disruptions in the global supply chain and labor markets; (3) Woodward’s long sales cycle; (4) risks related to Woodward’s concentration of revenue among a relatively small number of customers; (5) Woodward’s ability to implement and realize the intended effects of any restructuring efforts; (6) Woodward’s ability to successfully manage competitive factors including expenses and fluctuations in sales; (7) changes and consolidations in the aerospace market; (8) Woodward’s financial obligations including debt obligations and tax expenses and exposures; (9) risks related to Woodward’s U.S. government contracting activities including potential changes in government spending patterns; (10) volatility with respect to the China on-highway natural gas truck market; (11) Woodward’s ability to protect its intellectual property rights and avoid infringing the intellectual property rights of others; (12) changes in the estimates of fair value of reporting units or of long-lived assets; (13) environmental risks; (14) Woodward’s continued access to a stable workforce and favorable labor relations with its employees; (15) Woodward’s ability to manage various regulatory and legal matters; (16) risks from operating internationally; (17) cybersecurity and other technological risks; and other risk factors and risks described in Woodward's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 30, 2024, any subsequently filed Quarterly Report on Form 10-Q, as well as its Annual Report on Form 10-K for the year ended September 30, 2025, which we expect to file in the near future, and other risks described in Woodward’s filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date hereof and Woodward assumes no obligation to update such statements, except as required by applicable law.
| Contact: | Dan Provaznik Director, Investor Relations 970-498-3849 Dan.Provaznik@woodward.com |
FAQ
What did Woodward (WWD) announce on November 20, 2025 about share repurchases?
How much had Woodward (WWD) previously authorized and completed before November 20, 2025?
How much cash has Woodward (WWD) returned to shareholders over the past 10 years?
Does the new Woodward (WWD) buyback authorization obligate the company to repurchase shares?
What are Woodward's (WWD) capital allocation priorities alongside the buyback?
Over what timeframe will Woodward (WWD) execute the $1.8 billion repurchase authorization?
