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, Inc. (NASDAQ:WWD) reported Q1 2021 results showing net sales of $538 million, a 25% decline from $720 million a year prior. Net earnings were $42 million ($0.64 per share), down from $53 million ($0.83 per share) in Q1 2020. However, net cash from operations surged to $147 million from $27 million year-over-year. The Aerospace segment faced a 32% reduction in sales, while the Industrial segment fell 12%. The company remains cautious about future guidance due to the ongoing impact of COVID-19.
Woodward has appointed David Hess to its Board of Directors, effective immediately. Hess, 65, previously served as CEO of Arconic and held various executive roles at United Technologies for 38 years, including President of Pratt & Whitney. His extensive experience in the aerospace and defense sectors is expected to benefit Woodward's strategic direction. Hess holds degrees in Physics and Electrical Engineering, along with a Master's in Management from MIT. This leadership change aims to enhance collaboration and drive innovation within the company.
Woodward, Inc. (NASDAQ: WWD) will announce its fiscal 2021 Q1 financial results on February 1, 2021, at 4:00 p.m. EST, followed by a conference call at 4:30 p.m. EST. Interested parties can listen via the company’s website or by phone. Woodward specializes in control system solutions for aerospace and industrial markets, focusing on efficiency and reliability. Forward-looking statements in the release highlight the inherent risks and uncertainties that could affect actual outcomes.
Woodward has appointed Roger Alan Ross as the new President of Aero Systems, effective January 18. Ross brings over 25 years of aerospace experience, previously serving as President at StandardAero and holding executive roles at Esterline Technologies and United Technologies Aerospace Systems. His expertise in actuation, propulsion, and sensors aligns well with Woodward's operations in the aerospace sector. This strategic addition aims to enhance Woodward's growth and leadership in its markets, particularly in commercial and defense aircraft.
Woodward, Inc. (NASDAQ: WWD) reported declines in its financial results for FY 2020 and Q4 ending September 30, 2020. Fourth-quarter net sales dropped 28% to $531 million, while EPS fell to $0.89 from $1.03. Full-year net sales were $2.50 billion, down 14% YoY, with net earnings of $240 million ($3.74 per share) compared to $260 million ($4.02 per share) in FY 2019. The company experienced operational challenges due to COVID-19 affecting both Aerospace and Industrial segments. Despite a focus on cash management, no guidance for FY 2021 was provided due to market volatility.
Woodward, Inc. (NASDAQ: WWD) will report its fiscal 2020 fourth quarter and full year financial results on November 19, 2020, 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. Interested parties can access the live call via Woodward's website or by dialing the specified numbers. An audio replay will be available until December 3, 2020. The company specializes in control system solutions for aerospace and industrial markets.
Woodward, Inc. (NASDAQ: WWD) announced a quarterly cash dividend of $0.08125 per share, payable on November 30, 2020, to stockholders recorded by November 16, 2020. This reflects the company's commitment to returning value to its shareholders. Woodward specializes in control systems solutions across aerospace and industrial sectors, promoting cleaner and more efficient equipment.
Woodward reported Q3 2020 results with net sales of $524 million, down 30% from $752 million a year ago. Net earnings were $38 million, or $0.61 per share, decreasing from $66 million, or $1.02 per share. Adjusted net earnings were $31 million, down from $84 million. The cash flow from operations for the first nine months was $212 million, with free cash flow at $173 million. Despite the challenges posed by COVID-19, especially in Aerospace and Industrial segments, cost reduction initiatives helped mitigate some impacts. The company has not provided specific financial guidance for the remainder of the year.
Woodward, Inc. (NASDAQ: WWD) has declared a cash dividend of $0.08125 per share for the quarter. This dividend is payable on August 31, 2020, to stockholders of record as of August 17, 2020. The company specializes in control system solutions for aerospace and industrial markets, focusing on creating efficient and reliable equipment.
Investors should note that while the dividend reflects a commitment to shareholder returns, the company has indicated that actual results may differ from projections due to various risks and uncertainties.
Woodward expects to report its fiscal 2020 third quarter financial results on August 6, 2020, at 4:00 p.m. EDT. A conference call will follow at 4:30 p.m. EDT, where the company will discuss its business and financial performance. Investors can access the call through the company’s website. The release will also be archived online for 14 days. Woodward is a leading provider of control system solutions for aerospace and industrial markets, focusing on cleaner and more efficient technologies.
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