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) delivers essential energy control solutions for aerospace and industrial markets worldwide. This news hub provides investors and industry professionals with timely updates on the company’s operational developments, financial performance, and technological innovations.
Access comprehensive coverage of Woodward’s latest press releases, including earnings announcements, product launches, strategic partnerships, and sustainability initiatives. Our curated selection focuses on material developments affecting the company’s position in advanced combustion systems, aircraft controls, and industrial energy efficiency solutions.
Stay informed about key business segments through updates spanning aerospace component innovations, industrial automation advancements, and regulatory compliance milestones. All content is verified for accuracy and relevance to support informed analysis of Woodward’s market trajectory.
Bookmark this page for streamlined access to critical updates impacting WWD’s stock performance and industry leadership. Check regularly for new developments in fuel systems technology, actuator production, and Woodward’s global engineering initiatives.
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.
Woodward, Inc. (NASDAQ:WWD) has announced a five-year Maintenance, Repair, and Overhaul (MRO) Services agreement with Lufthansa Technik. This agreement extends their 25-year relationship, with Woodward continuing to provide MRO work for Lufthansa Technik's critical fuel system components at facilities in Rockford, IL, and Prestwick, UK. The collaboration covers Woodward-manufactured components for widebody and narrowbody engine types. John Di Silvestro, Woodward's Senior VP of Sales, Marketing & Services, emphasized the long-standing partnership, while Thomas Böttger, VP of Corporate Procurement at Lufthansa Technik, expressed readiness to expand the collaboration to other aircraft and engine types.
Woodward, Inc. (NASDAQ:WWD) reported strong financial results for Q3 FY2024. Net sales increased 6% to $848 million, while net earnings rose to $102 million ($1.63 per share) from $85 million ($1.37 per share) year-over-year. The Aerospace segment saw an 8% increase in net sales, driven by robust aftermarket demand. The Industrial segment experienced a 3% growth in net sales. For the first nine months of 2024, free cash flow improved significantly to $225 million, compared to $98 million in the same period last year. Based on these results, Woodward revised its FY2024 guidance, adjusting its total company sales forecast to $3,250-$3,300 million and increasing its adjusted EPS range to $5.80-$6.00.
Woodward, Inc. (NASDAQ:WWD) has been selected by Boeing to provide rotary actuation solutions for the NASA Sustainable Flight Demonstrator X-66A aircraft. This innovative aircraft, part of the Transonic Truss-braced Wing (TTBW) program, aims to reduce commercial flight emissions and increase fuel efficiency through its unique long, thin strut-braced wing design. Woodward's rotary actuators will be fitted to the X-66A ailerons, contributing to the aviation industry's goal of achieving net-zero emissions by 2050.
Chip Blankenship, Chair and CEO of Woodward, expressed honor in being selected for this breakthrough project. The company has begun work with Boeing and plans to produce the actuators by 2026, with test flights scheduled for 2028.
Woodward, Inc. (NASDAQ: WWD) has announced its schedule for the fiscal 2024 third quarter earnings release and conference call. The company plans to report its financial results on Monday, July 29, 2024, at approximately 4:00 p.m. ET, followed by a conference call at 4:30 p.m. ET. During the call, Woodward will provide an overview of its business and financial performance. Investors can listen to the call live via the company's website or by dialing in. The presentation will remain accessible on the website for one year. An audio replay will be available by telephone from July 29 until August 12, 2024.
Woodward (NASDAQ: WWD) has been recognized in TIME's inaugural list of America's Best Mid-Size Companies for 2024. This accolade, presented by TIME and Statista Inc., evaluates companies based on employee satisfaction, revenue growth, and sustainability transparency. The recognition underscores Woodward's commitment to innovation in aerospace and industrial sectors, and its efforts in creating a positive workplace and promoting environmental stewardship. Woodward's CEO, Chip Blankenship, highlighted the company's dedication to designing energy control solutions that support a cleaner future. The complete list of recognized companies is available on TIME's website.
