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 leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Headquartered in Fort Collins, Colorado, Woodward serves two primary markets—aerospace and energy—through innovative integration of technologies into fuel, combustion, fluid, actuation, and electronic control systems. Leveraging advanced engineering capabilities, Woodward creates products that deliver high performance, reliability, and efficiency in some of the world's most challenging environments.
In the aerospace sector, Woodward's products enhance the performance and efficiency of commercial and defense aircraft, including propulsion and motion control systems. The company also provides aftermarket support, helping maintain and repair components to extend the lifecycle of critical aerospace equipment. Recently, Woodward secured a multi-year deal with Alliance Airlines to manage the maintenance, repair, and overhaul of their entire fleet, emphasizing the company's reputation for reliability and excellence.
On the energy front, Woodward develops control solutions that support the global transition to cleaner energy. Its products are designed to improve fuel efficiency and reduce emissions, addressing the increasing demand for sustainable energy management. The company's innovative systems are crucial for applications ranging from power generation to industrial engines.
Financially, Woodward has demonstrated robust growth performance. For fiscal 2023, Woodward reported net sales of $2.91 billion, a 22% increase from the previous year. Net earnings for the same period were $232 million, or $3.78 per share. The company’s operational excellence, combined with strategic investments, has driven significant revenue growth and margin expansion across both its Aerospace and Industrial segments.
Looking ahead, Woodward anticipates continued strong demand for its products and services. The company is committed to operational excellence, talent development, and ongoing innovation to sustain long-term growth and enhance shareholder value. In fiscal 2024, Woodward expects to maintain its positive trajectory, supported by increasing revenue and improving operational performance, particularly in the commercial aerospace market and the industrial sector's natural gas truck applications.
Woodward’s achievements have also been recognized on the Fortune 1000 list, reflecting its substantial contributions and commitment to creating value for stakeholders. The company’s diverse global footprint, including facilities in the United States, Europe, and Asia, positions it well to serve a broad customer base and leverage growth opportunities worldwide.
Woodward (WWD) has signed a definitive agreement to acquire Safran Electronics & Defense's electromechanical actuation business in North America. The acquisition includes operations assets, intellectual property, talent, and long-term customer agreements for Horizontal Stabilizer Trim Actuation (HSTA) systems, notably used in the Airbus A350. The deal encompasses other electromechanical products and electronic control units for commercial airliners and business aircraft.
The transaction is expected to close in mid-2025, subject to regulatory approvals and customary conditions. While financial terms were not disclosed, the acquisition is described as not financially material and was made in the ordinary course of business.
Woodward (NASDAQ:WWD) has released its 2024 Annual Report, showcasing a record-breaking fiscal year. The company, which specializes in aerospace and industrial energy control solutions, achieved unprecedented revenue surpassing $3 billion for the first time in its history. The exceptional performance was marked by all-time highs in earnings per share and segment-level sales, driven by strong demand across both aerospace and industrial markets. The report, which includes the Form 10-K for the year ended September 30, 2024, is available on Woodward's website.
Woodward (WWD) reported record financial results for fiscal year 2024, with total sales reaching $3.3 billion, up 14% year-over-year. Fourth quarter sales were $855 million, increasing 10%. The company achieved significant earnings growth with full-year EPS of $6.01, up 59%. Aerospace segment showed strong performance with 15% annual revenue growth, while Industrial segment grew 13%. For fiscal 2025, Woodward expects continued growth in Aerospace but projects Industrial segment sales to decline 7-11% due to reduced China on-highway natural gas truck sales.
Woodward (WWD) has signed a definitive agreement to sell its heavy duty gas turbines combustion parts business in Greenville, S.C., to GE Vernova (GEV). The transaction involves assets dedicated to supplying parts and services to GE Vernova and is expected to close in early 2025. The deal is not considered financially material to Woodward, and the transaction amount remains undisclosed. The acquisition aims to strengthen GE Vernova's domestic supply chain amid increasing demand for heavy duty gas turbines and upgrades globally. Both companies are working to ensure a smooth transition for Greenville employees.
Woodward (NASDAQ: WWD), a provider of aerospace and industrial energy control solutions, has scheduled its fiscal 2024 fourth quarter and full year earnings release for Monday, November 25, 2024, at approximately 4:00 p.m. ET. A conference call will follow at 5:00 p.m. ET, where the company will present an overview of its business and financial performance. The call will be accessible through the company's website at woodward.com or via telephone, with Conference ID 4675940.
Woodward Inc. (NASDAQ:WWD) has announced a quarterly cash dividend of $0.25 per share. The dividend will be payable on December 5, 2024, to stockholders of record as of November 21, 2024. This declaration by the Board of Directors demonstrates Woodward's commitment to returning value to its shareholders. The consistent dividend payout may be seen as a positive signal of the company's financial stability and confidence in its future performance.
Woodward Inc. (NASDAQ: WWD) celebrated the completion of its $55 million aerospace Maintenance, Repair and Overhaul (MRO) facility transformation in Loves Park, Illinois. The state-of-the-art facility aims to meet growing demand for aircraft fleet fuel controls aftermarket services. Key highlights include:
- 165,000-square-foot modern space for manufacturing, assembly, testing, and aftermarket services
- Advanced features like Rapid Advanced Machining, automated equipment, and new digital technologies
- Potential addition of 100 new jobs over the next 5-7 years
- Reduced turnaround time and compliance with OEM, airline, and FAA regulations
- Focus on operational excellence, safety, quality, and sustainability
The investment positions Woodward to capitalize on increasing air traffic, legacy aircraft usage, and the introduction of new engines with more Woodward content.
Woodward (NASDAQ: WWD), a leader in aerospace and industrial energy control solutions, has appointed Ron Charles as its new Executive Vice President and Chief Human Resources Officer, effective September 9, 2024. Charles will lead Woodward's overall human resources function, including organizational capability, talent management, and diversity initiatives. With over 25 years of HR experience, Charles joins Woodward from Chemours, where he served as CHRO for seven years. He will report directly to CEO Chip Blankenship and play a important role in building Woodward's talent powerhouse and workplace culture. Charles holds an MBA in Human Resource Management and has a strong track record in leading global HR teams that support business objectives.
Woodward (NASDAQ: WWD), a leader in aerospace and industrial energy control solutions, has appointed Karrie Bem as Executive Vice President, General Counsel, Corporate Secretary, and Chief Compliance Officer, effective September 16. Bem will lead the company's legal and compliance function, reporting directly to CEO Chip Blankenship. She brings extensive experience from Lockheed Martin Space and United Launch Alliance, as well as 24 years of service in the U.S. Air Force Reserve. Bem's expertise spans legal, business, and technology areas, including policy, regulatory matters, intellectual property, government contracts, and corporate governance.
Woodward (NASDAQ: WWD) has announced its participation in a virtual fireside chat hosted by Goldman Sachs on August 28, 2024, at 11:00 a.m. ET. The event will feature Chip Blankenship, Chairman and CEO, and Bill Lacey, CFO, in conversation with Noah Poponak of Goldman Sachs.
Interested parties can register for the webcast using the provided link, which should be accessed at least 10 minutes before the event start time. The live webcast will also be available on Woodward's investor relations website, where it will remain accessible for 14 days following the event.
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