Woodward, Inc. (WWD): restructuring charge — Woodward to wind down China on-highway natural gas truck business; expects $20-25M in pre-tax charges

Woodward, Inc.

Cumulative pre-tax charges estimated at $20-25M: $3-4M non-cash asset charges, $5-7M severance, $12-14M other exit costs.
Majority of charges expected in Q2 and Q3 of fiscal 2026; cash outflows of $15-20M through Q3 FY2026.
Wind-down includes closing a small manufacturing facility in China; limited staff reductions in sales, engineering, and support.
China OH business did not significantly contribute to overall financial performance; prior divestiture efforts unsuccessful.
Decision aligns Industrial segment with priority end-markets (Transportation, Power Gen, Oil & Gas); FY2025 record sales/earnings cited.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Woodward, Inc. announced a restructuring with charges of approximately $20 million to $25 million affecting Industrial segment - China on-highway natural gas truck manufacturing operations.

Type: restructuring
Charge: approximately $20 million to $25 million
Affected area: Industrial segment - China on-highway natural gas truck manufacturing operations

Exact text from the filing

to incur material charges under generally accepted accounting principles. The Company currently estimates that it will recognize cumulative pre-tax charges of approximately $20 million to $25 million, including $3 million to $4 million of non-cash charges for facility and other asset-related charges, $5 million to $7 million in employee-related costs for

View on SEC.gov

3 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

Woodward, Inc. filing history →

Source: SEC EDGAR

accession 0001171843-26-000295

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.