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Woodward, Inc. - WWD STOCK NEWS

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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.

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Woodward, Inc. (NASDAQ:WWD) secures a multi-year deal with Alliance Airlines to be the exclusive Thrust Reverser Actuation Systems (TRAS) repair contractor for their CF34-10E-powered fleet. This agreement covers all aftermarket repair work for Alliance's fleet of 30-plus aircraft, showcasing Woodward's expertise in energy control solutions for aerospace applications.
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Woodward, Inc. (NASDAQ: WWD) has been named to Forbes’ list of America’s Most Successful Mid-Cap Companies 2024, ranking #49 out of 100 companies. The assessment is based on earnings growth, sales growth, return on equity, and total stock return for the last five years, with more weight given to the latest year’s data. Woodward reported its fiscal 2024 Q1 earnings on January 29, 2024, with a focus on growth, operational excellence, and innovation for sustainable long-term success and enhanced shareholder value.
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Woodward, Inc. reported strong financial results for Q1 of fiscal year 2024, with a 27% increase in net sales to $787 million and net earnings of $90 million. The company raised its full-year guidance due to significant sales growth and margin expansion, particularly in the Aerospace and Industrial segments. The effective tax rate was 17.9%, and total debt decreased to $719 million, with a debt-to-EBITDA leverage of 1.3 times. The company also announced an investor conference call to discuss the financial performance and outlook for fiscal 2024.
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Woodward, Inc. (WWD) announced a 14% increase in its dividend to $0.25 per share, payable on March 5, 2024, for stockholders of record as of February 20, 2024. The company also authorized a three-year stock repurchase program of up to $600 million, replacing the previous two-year $800 million program. Chip Blankenship, Chairman and CEO, highlighted the company's strong balance sheet and cash flow, emphasizing the balanced capital allocation strategy.
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Woodward, Inc. (NASDAQ: WWD) is set to release its fiscal 2024 first quarter financial results on January 29, 2024, followed by a conference call to discuss business and financial performance. The call will be available for live streaming on the company's website and will remain accessible for 14 days. Participants can also join the call via telephone and access an audio replay until February 12, 2024.
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Woodward, Inc. (NASDAQ:WWD) published its 2023 Annual Report, showcasing resilience and agility, strong performance, and leadership in energy control solutions for aerospace and industrial customers.
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Woodward, Inc. (NASDAQ: WWD) will host its 2023 Investor Day on Thursday, December 7, 2023, featuring presentations by Chip Blankenship, the CEO, and Bill Lacey, the CFO, discussing fiscal 2023 results, company strategies, and outlook. The event will also cover select Woodward technology and solutions for Aerospace and Industrial applications.
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Woodward, Inc. (NASDAQ:WWD) reported strong fiscal year 2023 and Q4 results, with net sales up 21% to $777 million in Q4 and 22% to $2.91 billion for the fiscal year. Net earnings were $83 million for Q4 and $232 million for the year, with adjusted net earnings at $1.33 and $3.78 per share for Q4 and the year, respectively. The company anticipates continued strong demand and operational excellence to drive solid revenue growth, expanded earnings per share, and robust cash flow in fiscal 2024.
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Woodward, Inc. (NASDAQ: WWD) will release its fiscal 2023 fourth quarter and full year financial results on November 16, 2023, at approximately 4:00 p.m. ET. A conference call will be held at 4:30 p.m. ET, where the company will discuss its business and financial performance. The call can be accessed through the company's website or by dialing the provided numbers. An audio replay will be available until November 30.
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Woodward, Inc. declares cash dividend of $0.22 per share for the quarter, payable on December 4, 2023.
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FAQ

What is the current stock price of Woodward (WWD)?

The current stock price of Woodward (WWD) is $170.78 as of December 24, 2024.

What is the market cap of Woodward (WWD)?

The market cap of Woodward (WWD) is approximately 10.1B.

What are the primary markets served by Woodward, Inc.?

Woodward serves the aerospace and energy markets with advanced control solutions that enhance performance and efficiency.

Where is Woodward headquartered?

Woodward is headquartered in Fort Collins, Colorado, USA.

How did Woodward perform financially in fiscal 2023?

In fiscal 2023, Woodward reported net sales of $2.91 billion and net earnings of $232 million, reflecting a 22% increase in sales from the previous year.

What are some recent achievements of Woodward, Inc.?

Woodward secured a multi-year deal with Alliance Airlines and was included in the Fortune 1000 list, recognizing its contributions and growth.

What kind of products does Woodward offer in the aerospace market?

Woodward offers propulsion and motion control systems for commercial and defense aircraft, as well as aftermarket support services.

How is Woodward contributing to sustainable energy management?

Woodward develops control solutions that improve fuel efficiency and reduce emissions, supporting the global transition to cleaner energy.

What are Woodward’s key strategies for future growth?

Woodward focuses on operational excellence, talent development, and innovation to sustain long-term growth and enhance shareholder value.

What is the significance of Woodward's inclusion in the Fortune 1000 list?

Inclusion in the Fortune 1000 list highlights Woodward’s substantial contributions, consistent growth, and commitment to creating value for its stakeholders.

Who are Woodward's primary customers?

Woodward’s customers include major players in aerospace and industrial markets, such as commercial and defense aircraft manufacturers and energy sector firms.

How does Woodward maintain its competitive edge?

Woodward maintains its competitive edge through continuous innovation, strategic investments in operational excellence, and a commitment to high-performance product development and customer service.

Woodward, Inc.

Nasdaq:WWD

WWD Rankings

WWD Stock Data

10.14B
59.23M
0.36%
89.8%
2.1%
Aerospace & Defense
Electrical Industrial Apparatus
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United States of America
FORT COLLINS