Woodward announces new $1.8B three-year share repurchase authorization

Woodward, Inc.

Board authorized $1.8B in share repurchases over three years, replacing completed $600M prior authorization.
Prior $600M authorization was completed in November 2025, more than a year ahead of plan.
CEO Blankenship cites confidence in long-term growth, cash generation, and commitment to shareholder returns.
Over past 10 years, Woodward returned ~$2.0B to shareholders (~78% of net earnings) via dividends and buybacks.
Repurchases subject to market conditions; authorization may be modified, suspended, or discontinued at any time.

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