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Woodward Inc

WWD.O

Latest Trade

122.77USD

Change

-3.08(-2.45%)

Volume

163,490

Today's Range

121.62

 - 

125.34

52 Week Range

46.51

 - 

127.91

As of on the NASDAQ ∙ Minimum 15 minute delay

Latest Developments

Woodward Reports Fiscal Year 2020 Results

Woodward Inc <WWD.O>::WOODWARD REPORTS FISCAL YEAR 2020 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.75.Q4 EARNINGS PER SHARE $0.89.Q4 SALES $531 MILLION VERSUS REFINITIV IBES ESTIMATE OF $520.5 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.54 -- REFINITIV IBES DATA.SAYS CO WILL NOT BE PROVIDING FINANCIAL GUIDANCE FOR FISCAL 2021 AT THIS TIME.

Woodward Reports Third Quarter Fiscal Year 2020 Results

Aug 6 (Reuters) - Woodward Inc <WWD.O>::WOODWARD REPORTS THIRD QUARTER FISCAL YEAR 2020 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.48.Q3 EARNINGS PER SHARE $0.61.Q3 SALES $524 MILLION VERSUS REFINITIV IBES ESTIMATE OF $515.9 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.36 -- REFINITIV IBES DATA.CONTINUE TO SEE SEVERE VOLATILITY IN OUR MARKETS MAKING EVEN SHORT-TERM FORECASTS CHALLENGING.WILL NOT BE PROVIDING SPECIFIC FINANCIAL GUIDANCE FOR FISCAL 2020.ANTICIPATE OUR Q4 FINANCIAL RESULTS TO BE SIMILAR TO OUR Q3.

Woodward Posts Quarterly Earnings Per Share Of $1.41

May 4 (Reuters) - Woodward Inc <WWD.O>::WOODWARD REPORTS SECOND QUARTER FISCAL YEAR 2020 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $1.61.Q2 EARNINGS PER SHARE $1.41.Q2 SALES $720 MILLION VERSUS REFINITIV IBES ESTIMATE OF $702.1 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $1.09 -- REFINITIV IBES DATA.STARTED TO SEE DEGRADATION DURING QUARTER DUE TO COVID-19 GLOBAL PANDEMIC.REDUCTION OF COMPANY OFFICERS' SALARIES AND DIRECTORS' BASE RETAINERS THROUGH 2020.IMPLEMENTATION OF A COMPANY-WIDE WAGE FREEZE.ELIMINATION OF ANNUAL BONUS PAYMENTS FOR 2020.REDUCTION OF QUARTERLY DIVIDEND.INCREASED FOCUS ON REDUCING WORKING CAPITAL.TOTAL DEBT WAS $1.07 BILLION AT MARCH 31, 2020, COMPARED TO $1.08 BILLION AT SEPTEMBER 30, 2019.CURRENTLY ANTICIPATE POSITIVE FREE CASH FLOW IN SECOND HALF OF FISCAL 2020 AND THROUGHOUT THIS DOWNTURN.

Woodward To Cut Jobs In Response To COVID-19 Pandemic

April 10 (Reuters) - Woodward Inc <WWD.O>::WOODWARD INC - ON APRIL 6, COMMITTED TO PLAN OF TERMINATION IN RESPONSE TO ONGOING GLOBAL ECONOMIC CHALLENGES RESULTING FROM COVID-19 PANDEMIC.WOODWARD-TERMINATION PLAN, WHICH WAS IMPLEMENTED ON APRIL 8, INVOLVES TERMINATION OF EMPLOYEES, CONTRACTORS AT CERTAIN OF CO'S OPERATING FACILITIES.WOODWARD - ANTICIPATES THAT IT WILL INCUR ABOUT $13 MILLION OF RESTRUCTURING, RELATED CHARGES RELATED TO EMPLOYEE SEVERANCE, BENEFITS COSTS AS OF JUNE 30.WOODWARD INC - MEASURES FOR 2020 INCLUDE A REDUCTION IN WORK HOURS FOR CERTAIN EMPLOYEES GLOBALLY AND COMPANY-WIDE OVERTIME RESTRICTIONS.WOODWARD INC - MEASURES FOR 2020 INCLUDE HIRING FREEZE, A COMPANY-WIDE WAGE FREEZE, A REDUCTION OF OFFICERS' SALARIES AND DIRECTORS' BASE RETAINERS.WOODWARD INC - TERMINATION PLAN HAS RESULTED IN A DECREASE, ON A FULL-TIME EMPLOYEE EQUIVALENT BASIS, OF ABOUT 11% OF CO'S TOTAL WORKFORCE.WOODWARD INC - ANTICIPATES A COMBINED WORKFORCE REDUCTION OF ABOUT 15% ON ANFTE-EQUIVALENTBASIS FOR REMAINDER OF 2020.

Woodward Reports Q1 Adjusted Earnings Per Share $1.10

Feb 3 (Reuters) - Woodward Inc <WWD.O>::WOODWARD REPORTS FIRST QUARTER FISCAL YEAR 2020 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $1.10.Q1 EARNINGS PER SHARE $0.83.SEES FY 2020 SALES $2.9 BILLION TO $3.0 BILLION.Q1 SALES $720 MILLION VERSUS REFINITIV IBES ESTIMATE OF $669.6 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $1.02 -- REFINITIV IBES DATA.TOTAL NET SALES FOR FISCAL 2020 ARE NOW EXPECTED TO BE BETWEEN $2.9 AND $3.0 BILLION.SEES FY 2020 ADJUSTED FREE CASH FLOW IS EXPECTED TO BE APPROXIMATELY $420 MILLION.SEES FY 2020 ADJUSTED EARNINGS PER SHARE TO BE BETWEEN $5.22 AND $5.52.PREVIOUSLY STATED 2020 OUTLOOK UPDATED TO REFLECT EXPECTED IMPACTS OF 737 MAX, WEAKER OIL AND GAS SALES, AMONG OTHER THINGS."ANY POTENTIAL IMPACT FROM CORONAVIRUS IS UNKNOWN AT THIS TIME AND THEREFORE NOT REFLECTED IN 2020 OUTLOOK".

Woodward - Co's Units To Sell Some Assets Of Co's Renewable Power Systems, Protective Relays Businesses

Feb 3 (Reuters) - Woodward Inc <WWD.O>::WOODWARD - ON JAN 31 CO'S UNITS ENTERED INTO AGREEMENTS TO SELL CERTAIN ASSETS RELATED TO CO'S RENEWABLE POWER SYSTEMS, PROTECTIVE RELAYS BUSINESSES.WOODWARD INC - TO SELL CERTAIN ASSETS TO AFFILIATES OF AURELIUS GROUP FOR $23.4 MILLION CONSISTING OF CASH AND A $6 MILLION PROMISSORY NOTE.WOODWARD INC - RECORDED AFTER-TAX IMPAIRMENT OF $27 MILLION IN Q1.

Woodward Increases Dividend By 72 Percent

Jan 29 (Reuters) - Woodward Inc <WWD.O>::WOODWARD INCREASES DIVIDEND BY 72 PERCENT.DECLARED A CASH DIVIDEND OF $0.28 PER SHARE FOR QUARTER.

Fairlight Delivers Letter To Hexcel Corp Highlighting Concerns With Proposed Merger

Jan 28 (Reuters) - Fairlight Asset Management Pty Ltd::FAIRLIGHT DELIVERS LETTER TO THE BOARD OF HEXCEL CORPORATION HIGHLIGHTING CONCERNS WITH PROPOSED MERGER.FAIRLIGHT ASSET MANAGEMENT - RETAINED OLSHAN FROME WOLOSKY LLP AS LEGAL & STRATEGIC ADVISOR IN CONNECTION WITH INVESTMENT AND INVOLVEMENT AT HEXCEL.FAIRLIGHT ASSET MANAGEMENT - INTENDS TO VOTE AGAINST PROPOSED WOODWARD-HEXCEL MERGER.FAIRLIGHT ASSET MANAGEMENT - URGES BOARD TO FIND ALTERNATE BIDDER OR RENEGOTIATE TERMS TO REFLECT HEXCEL'S "APPEALING PROFILE".FAIRLIGHT ASSET MANAGEMENT - BELIEVES PROPOSED MERGER OF HEXCEL WITH WOODWARD HAS "LIMITED STRATEGIC MERIT".FAIRLIGHT ASSET MANAGEMENT - BELIEVES PROPOSED MERGER OF HEXCEL WITH WOODWARD WOULD TRANSFER "SIGNIFICANT VALUE AWAY FROM HEXCEL STOCKHOLDERS".FAIRLIGHT ASSET - FAILING PRESENCE OF ALTERNATE BIDDER OR RENEGOTIATION WITH WOODWARD, HEXCEL BOARD SHOULD RECONSIDER MERITS OF DEAL IN CURRENT FORM.

Woodward and Hexcel announce merger of equals

Jan 12 (Reuters) - Hexcel Corp <HXL.N>::WOODWARD AND HEXCEL ANNOUNCE MERGER OF EQUALS TO CREATE A PREMIER INTEGRATED SYSTEMS PROVIDER PROPELLING THE FUTURE OF FLIGHT AND ENERGY EFFICIENCY.UNDER TERMS CO SHAREHOLDERS WILL RECEIVE A FIXED EXCHANGE RATIO OF 0.625 SHARES OF WOODWARD COMMON STOCK FOR EACH SHARE OF HEXCEL COMMON STOCK.UNDER TERMS,WOODWARD SHAREHOLDERS WILL CONTINUE TO OWN SAME NO OF SHARES OF COMMON STOCK IN COMBINED CO AS THEY DO IMMEDIATELY PRIOR TO CLOSING.UPON COMPLETION OF MERGER, EXISTING WOODWARD SHAREHOLDERS WILL OWN APPROXIMATELY 55% OF COMBINED COMPANY ON A FULLY DILUTED BASIS.UPON COMPLETION OF MERGER EXISTING HEXCEL SHAREHOLDERS WILL OWN APPROXIMATELY 45% OF COMBINED COMPANY ON A FULLY DILUTED BASIS.IN CONNECTION WITH TRANSACTION, WOODWARD IS INCREASING ITS QUARTERLY CASH DIVIDEND TO $0.28 A SHARE.COMBINED COMPANY TO BE NAMED WOODWARD HEXCEL.PARTIES EXPECT MERGER TO CLOSE IN THIRD CALENDAR QUARTER OF 2020.WOODWARD HEXCEL WILL BE HEADQUARTERED IN FORT COLLINS, COLORADO.COMBINED CO IS EXPECTED TO GENERATE NET REVENUES OF APPROXIMATELY $5.3 BILLION AND EBITDA OF $1.1 BILLION.COMBINED FREE CASH FLOW IS FORECASTED TO BE APPROXIMATELY $1 BILLION ANNUALLY AND GROWING.NICK STANAGE, CHAIRMAN, CHIEF EXECUTIVE OFFICER AND PRESIDENT OF HEXCEL, WILL SERVE AS CHIEF EXECUTIVE OFFICER OF COMBINED CO.MERGER IS EXPECTED TO BE TAX FREE FOR U.S. FEDERAL INCOME TAX PURPOSES.

Woodward Reports Q4 Adjusted Earnings Per Share $4.88

Nov 18 (Reuters) - Woodward Inc <WWD.O>::WOODWARD REPORTS FISCAL YEAR 2019 RESULTS AND FISCAL YEAR 2020 OUTLOOK.Q4 ADJUSTED EARNINGS PER SHARE $4.88.Q4 EARNINGS PER SHARE $1.03.SEES FY 2020 SALES $3.0 BILLION TO $3.1 BILLION.Q4 SALES $737 MILLION VERSUS REFINITIV IBES ESTIMATE OF $745.5 MILLION.SEES FY 2020 EARNINGS PER SHARE $5.30 TO $5.60.Q4 EARNINGS PER SHARE ESTIMATE $1.25 -- REFINITIV IBES DATA.WOODWARD - 2020 FCF IS EXPECTED TO BE ABOUT $400 MILLION.FY2020 EARNINGS PER SHARE VIEW $5.52, REVENUE VIEW $3.09 BILLION -- REFINITIV IBES DATA.WOODWARD- AEROSPACE & INDUSTRIAL SEGMENTS OFFSET BY HEADWINDS FROM 737 MAX GROUNDING, IMPACT OF SIGNIFICANT CUSTOMER BANKRUPTCY IN RENEWABLES BUSINESS.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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