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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.
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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) 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.
Woodward reported Q2 FY2020 results with net sales of $720 million, down 5% from $759 million last year. However, net earnings increased to $91 million, or $1.41 per share, up from $78 million or $1.20 per share in Q2 FY2019. Adjusted earnings also rose to $104 million, reflecting operational cost-saving measures in response to the COVID-19 pandemic. The company has withdrew its full-year guidance due to uncertainties linked to the pandemic, although it anticipates positive free cash flow in the second half of FY2020.
