Terence J. Voskuil departed as Executive Vice President, Chief Technology Officer, Aerospace at Woodward, Inc..
“On June 2, 2026, Terence J. Voskuil notified Woodward, Inc. of his intention to retire from his position as Executive Vice President, Chief Technology Officer, Aerospace, effective October 2, 2026 (the”
Material Agreements
Woodward, Inc. entered into Term Loan Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, Wells Fargo Securities, LLC, JPMorgan Chase Bank, N.A. and BOFA Securities, Inc., as joint lead arrangers and book runners, HSBC Bank USA, N.A., PNC Bank, National Association, and U.S. Bank National Association, as co-documentation ag valued at $250 million (effective 2026-05-28).
“On May 28, 2026, the Company entered into that certain Term Loan Credit Agreement (the “Term Loan Credit Agreement”), by and among the Company, the institutions from time to time parties thereto, as lenders, Wells Fargo Bank, National Association, as administrative agent, Wells Fargo Securities, LLC, JPMorgan Chase Bank, N.A. and BOFA Securities, Inc., as joint lead arrangers and book runners, HSBC Bank USA, N.A., PNC Bank, National Association, and U.S. Bank National Association, as co-documentation agents, and Bank of America, N.A. and JPMorgan Chase Bank, N.A., as co-syndication agents.”
Material Agreements
Woodward, Inc. entered into Third Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, Wells Fargo Securities, LLC, JPMorgan Chase Bank, N.A., Citibank, N.A. and BOFA Securities, Inc., as joint lead arrangers and book runners, HSBC Bank USA, N.A., PNC Bank, National Association, and U.S. Bank National Association, as co- valued at up to $1,000,000,000 (effective 2026-05-28).
“On May 28, 2026, Woodward, Inc. (the “Company”) entered into that certain Third Amended and Restated Credit Agreement (the “Revolving Credit Agreement”), by and among the Company, certain foreign subsidiary borrowers of the Company from time to time parties thereto, the institutions from time to time parties thereto, as lenders, Wells Fargo Bank, National Association, as administrative agent, Wells Fargo Securities, LLC, JPMorgan Chase Bank, N.A., Citibank, N.A. and BOFA Securities, Inc., as joint lead arrangers and book runners, HSBC Bank USA, N.A., PNC Bank, National Association, and U.S. Bank National Association, as co-documentation agents, and Bank of America, N.A., Citibank, N.A. and JPMorgan Chase Bank, N.A., as co-syndication agents.”
Debt Financings
Woodward, Inc. incurred term loan of $250 million with Wells Fargo Bank, National Association at adjusted term SOFR plus 0.875% to 1.75% maturing May 28, 2031.
“On May 28, 2026, the Company borrowed the term loans under the Term Loan Credit Agreement in a principal amount of $250 million”
Debt Financings
Woodward, Inc. incurred revolving credit of up to $1,000,000,000 with Wells Fargo Bank, National Association at adjusted term SOFR (or, for loans denominated in British pounds sterling, SONIA, maturing May 28, 2031.
“2026, the Revolving Credit Agreement, among other things, continues the commitments of the lenders thereunder to make revolving loans in an aggregate principal amount of up to $1,000,000,000 and extends the termination date of the revolving loan commitments of all the lenders from October 21, 2027 to May 28, 2031. On May 28, 2026, the Company borrowed revolving loans”
Earnings Releases
Woodward, Inc. reported Fiscal Year 2026 results: EPS $9.15 - $9.45. Guidance raised.
“Fiscal Year 2026 Guidance Based on strong second quarter performance and improved confidence in the second half outlook, Woodward is raising its 2026 sales and earnings guidance. Prior FY26 Guidance Revised FY26 Guidance Issued on February 2, 2026 Issued on April 29, 2026 Total Company Sales growth up 14% to 18% up 20% to 23% Adjusted EPS 3 $8.20 - $8.60 $9.15 - $9.45”
Earnings Releases
Woodward, Inc. reported Second Quarter Fiscal Year 2026 results: revenue $1.1 billion, net income $134 million, EPS $2.19.
“Second Quarter Overview Second Quarter 2026 Year-to-Date 2026 Net sales $1.1B, +23% $2.1B, +26% Net earnings $134M, +23% $268M, +37% Adjusted net earnings 1 $139M, +35% $273M, +47% Earnings per share (EPS) $2.19, +23% $4.36, +36%”
Restructurings & Charges
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.
“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”
Earnings Releases
Woodward, Inc. reported second quarter of fiscal year 2024 results: revenue $835 million, net income $98 million, or $1.56 per share. Guidance raised.
“amounts are presented on a fully diluted basis. All comparisons are made to the same period of the prior year unless otherwise stated. Second Quarter Overview Net sales were $835 million, compared to $718 million, an increase of 16 percent. Net earnings were $98 million, or $1.56 per share, compared to net earnings of $36 million, or $0.58 per share. Adjusted net”
A. Christopher Fawzy resigned as General Counsel at Woodward, Inc..
“Mr. Fawzy’s departure was a Qualifying Termination under his Amended and Restated Executive Severance and Change in Control Agreement”
A. Christopher Fawzy departed as EVP, General Counsel, Chief Compliance Officer and Secretary at Woodward, Inc..
“On March 12, 2024, it was determined that A. Christopher Fawzy, EVP, General Counsel, Chief Compliance Officer and Secretary would depart the Company.”
Earnings Releases
Woodward, Inc. reported first quarter of fiscal year 2024 results: revenue $787 million, net income $90 million, EPS $1.46 per share. Guidance raised.
“amounts are presented on a fully diluted basis. All comparisons are made to the same period of the prior year unless otherwise stated. First Quarter Overview Net sales were $787 million, compared to $619 million, an increase of 27 percent. Net earnings were $90 million, or $1.46 per share, and adjusted net earnings 1 were $90 million, or $1.45 per share,”
Shareholder Votes
Woodward, Inc. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for fiscal year ending September 30, 2024 at the 2024-01-24 meeting.
“Proposal 3. Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year ending September 30, 2024: For 53,447,288 Against 1,435,982 Abstain 85,222 Broker Non-Votes 0”
Shareholder Votes
Woodward, Inc. shareholders approved Advisory resolution regarding the compensation of the Company's named executive officers at the 2024-01-24 meeting.
“Proposal 2. Advisory resolution regarding the compensation of the Company’s named executive officers: For 46,494,750 Against 2,610,876 Abstain 207,077 Broker Non-Votes 5,655,789”
Shareholder Votes
Woodward, Inc. shareholders approved Election of three directors for a three-year term to hold office until the Company's 2026 Annual Meeting to be held in or about January 2027 at the 2024-01-24 meeting.
“Proposal 1. Election of three directors for a three-year term to hold office until the Company’s 2026 Annual Meeting to be held in or about January 2027: For Against Abstain Broker Non-Votes Charles P. Blankenship 45,909,926 3,275,331 127,445 5,655,789 John D. Cohn 46,455,808 2,716,807 140,087 5,655,789 Daniel G. Korte 46,008,112 3,163,715 140,875 5,655,789”
Earnings Releases
Woodward, Inc. reported fiscal year ended September 30, 2023 results: revenue $2.91 billion, net income $232 million, EPS $3.78 per share.
“Fiscal Year 2023 Overview Net sales were $2.91 billion, compared to $2.38 billion, an increase of 22 percent. Net earnings were $232 million, or $3.78 per share, compared to net earnings of $172 million, or $2.71 per share.”
Earnings Releases
Woodward, Inc. reported fourth quarter ended September 30, 2023 results: revenue $777 million, net income $83 million, EPS $1.33 per share.
“Fourth Quarter Overview Net sales were $777 million, compared to $640 million, an increase of 21 percent. Net earnings and adjusted net earnings 1 were $83 million, or $1.33 per share, compared to net earnings of $54 million, or $0.88 per share, and adjusted net earnings of $51 million, or $0.84 per share.”
Earnings Releases
Woodward, Inc. reported its third quarter of fiscal year 2023 results: revenue $801 million, net income $85 million, EPS $1.37 per share. Guidance raised.
“All per share amounts are presented on a fully diluted basis. All comparisons are made to the same period of the prior year unless otherwise stated.) Highlights Net sales were $801 million, compared to $614 million, an increase of 30 percent. Net earnings were $85 million, or $1.37 per share, compared to net earnings of $39 million, or $0.64 per share. Net cash”
Tana L. Utley was elected as Director at Woodward, Inc..
“On May 7, 2023, the Board of Directors (the “Board”) of Woodward, Inc. (“Woodward”) elected Mary D. Petryszyn and Tana L. Utley to serve on the Board, effective June 1, 2023.”
Mary D. Petryszyn was elected as Director at Woodward, Inc..
“On May 7, 2023, the Board of Directors (the “Board”) of Woodward, Inc. (“Woodward”) elected Mary D. Petryszyn and Tana L. Utley to serve on the Board, effective June 1, 2023.”
Earnings Releases
Woodward, Inc. reported second quarter of fiscal year 2023 results: revenue $718 million, net income $36 million, EPS $0.58 per share. Guidance raised.
“amounts are presented on a fully diluted basis. All comparisons are made to the same period of the prior year unless otherwise stated.) Second Quarter Overview Net sales were $718 million, compared to $587 million, an increase of 22 percent. Net earnings were $36 million, or $0.58 per share, compared to net earnings of $48 million, or $0.74 per share. Adjusted net”
Mark D. Hartman departed as Chief Financial Officer at Woodward, Inc..
“Mr. Hartman will depart the Company thereafter.”
William F. Lacey was appointed as Chief Financial Officer at Woodward, Inc..
“On April 5, 2023, Woodward, Inc. (the "Company") announced that William F. Lacey, 53, has been appointed as Chief Financial Officer (“CFO”) of the Company, effective May 8, 2023.”
Shareholder Votes
Woodward, Inc. shareholders approved Approval of an amendment to the Amended and Restated Woodward, Inc. 2017 Omnibus Incentive Plan to increase the number of shares reserved for issuance by 500,000 at the 2023-01-25 meeting.
“Proposal 5. Approval of an amendment to the Amended and Restated Woodward, Inc. 2017 Omnibus Incentive Plan to increase the number of shares reserved for issuance by 500,000: For 37,629,975 Against 13,149,248 Abstain 393,674 Broker Non-Votes 4,153,697”
Shareholder Votes
Woodward, Inc. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year ending September 30, 2023 at the 2023-01-25 meeting.
“Proposal 4. Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year ending September 30, 2023: For 53,832,651 Against 1,420,127 Abstain 73,816 Broker Non-Votes 0”
Shareholder Votes
Woodward, Inc. shareholders approved Advisory resolution regarding the frequency of the stockholder advisory vote on executive compensation at the 2023-01-25 meeting.
“Proposal 3. Advisory resolution regarding the frequency of the stockholder advisory vote on executive compensation: One Year 49,678,066 Two Years 117,011 Three Years 1,270,997 Abstain 106,823 Broker Non-Votes 4,153,697”
Shareholder Votes
Woodward, Inc. shareholders approved Advisory resolution regarding the compensation of the Company’s named executive officers (the “Say on Pay” resolution) at the 2023-01-25 meeting.
“Proposal 2. Advisory resolution regarding the compensation of the Company’s named executive officers (the “Say on Pay” resolution): For 47,326,526 Against 3,713,197 Abstain 133,174 Broker Non-Votes 4,153,697”
Shareholder Votes
Woodward, Inc. shareholders approved Election of a director for a three-year term to hold office until the Company’s 2025 Annual Meeting to be held in or about January 2026 at the 2023-01-25 meeting.
“Proposal 1. Election of a director for a three-year term to hold office until the Company’s 2025 Annual Meeting to be held in or about January 2026: For Against Abstain Broker Non-Votes David P. Hess 39,338,112 11,648,749 186,036 4,153,697”
Earnings Releases
Woodward, Inc. reported fiscal year 2023 results: revenue between $2.60 billion and $2.75 billion. Guidance reaffirmed.
“Fiscal Year 2023 Outlook Woodward’s previously stated fiscal 2023 outlook remains unchanged. Woodward’s fiscal 2023 outlook assumes improving operational and financial performance while continuing to navigate a challenging industry-wide environment. The supply chain and labor disruptions are anticipated to begin to subside during the second half of the fiscal year. However, the timing of improvement is uncertain and results could be negatively impacted if supply chain and labor disruptions do not improve as anticipated. The strong demand environment, as well as increased price realization, are expected to continue. Total net sales for fiscal 2023 are expected to be between $2.60 billion and $2.75 billion.”
Earnings Releases
Woodward, Inc. reported first quarter of fiscal 2023 results: revenue $619 million, net income $30 million, EPS $0.49 per share.
“Woodward Reports First Quarter Fiscal Year 2023 Results FORT COLLINS, Colo., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD) today reported financial results for its first quarter of fiscal year 2023. (All amounts are presented on an as reported (U.S. GAAP) basis unless otherwise indicated. All per share amounts are presented on a fully diluted basis. All comparisons are made to the same period of the prior year unless otherwise stated.) First Quarter Overview Net sales were $619 million, compared to $542 million, an increase of 14 percent. Net earnings were $30 million, or $0.49 per share.”
Earnings Releases
Woodward, Inc. reported fiscal year ended September 30, 2022 results: revenue $2.38 billion, net income $172 million, EPS $2.71 per share.
“Net sales were $2.38 billion, compared to $2.25 billion, an increase of 6 percent. Net earnings were $172 million, or $2.71 per share, compared to net earnings of $209 million, or $3.18 per share.”
Earnings Releases
Woodward, Inc. reported Fourth Quarter 2022 results: revenue $640 million, net income $54 million, EPS $0.88 per share.
“Net sales were $640 million, compared to $570 million, an increase of 12 percent. Net earnings were $54 million, or $0.88 per share, compared to net earnings of $50 million, or $0.76 per share.”
Debt Financings
Woodward, Inc. amended revolving credit of up to $1,000,000,000 with Wells Fargo Bank, National Association, as administrative agent at adjusted term SOFR (or, for loans denominated in British pounds sterling, SONIA, maturing October 21, 2027.
“Effective as of October 21, 2022, the Second Amended and Restated Credit Agreement, among other things, commits the lenders party thereto to make revolving loans in an aggregate principal amount of up to $1,000,000,000; extends the termination date of the revolving loan commitments of all the lenders from June 19, 2024 to October 21, 2027”
Material Agreements
Woodward, Inc. entered into Second Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, JPMorgan Chase Bank, N.A. and Truist Bank, as co-syndication agents, Bank of America, N.A., Citibank, N.A., HSBC Bank USA, N.A. and TD Securities (USA) LLC, as co-documentation agents, and Wells Fargo Securities, LLC, JPMorgan Chase Ba valued at up to $1,000,000,000 (effective 2022-10-21).
“On October 21, 2022, Woodward, Inc. (the “Company”) entered into that certain Amended and Restated Credit Agreement (the “Second Amended and Restated Credit Agreement”), by and among the Company, certain foreign subsidiary borrowers of the Company from time to time parties thereto, the institutions from time to time parties thereto, as lenders, Wells Fargo Bank, National Association, as administrative agent, JPMorgan Chase Bank, N.A. and Truist Bank, as co-syndication agents, Bank of America, N.A., Citibank, N.A., HSBC Bank USA, N.A. and TD Securities (USA) LLC, as co-documentation agents, and Wells Fargo Securities, LLC, JPMorgan Chase Bank, N.A. and Truist Securities, Inc., as joint lead arrangers and book runners, which amends and restates the Amended and Restated Credit Agreement dated as of June 19, 2019”
Roger A. Ross was appointed as Sr. Vice President, Missiles & Space at Woodward, Inc..
“Roger A. Ross, who previously served as President, Aero Systems, will serve as Sr. Vice President, Missiles & Space, effective as of October 18, 2022.”
Sagar A. Patel departed as President, Engine Systems at Woodward, Inc..
“Sagar A. Patel, who previously served as President, Engine Systems, departed the Company effective October 18, 2022.”
Charles Blankenship was appointed as Chief Executive Officer, President and Chairman at Woodward, Inc..
“Mr. Charles ("Chip") Blankenship, Jr. has been appointed as Chief Executive Officer and President of the Company effective May 9, 2022.”
Thomas A. Gendron departed as Chairman, Chief Executive Officer and President at Woodward, Inc..
“On April 16, 2022, Thomas A. Gendron, Chairman, Chief Executive Officer and President of Woodward, Inc. (“Woodward”, or the “Company”), notified the Board of Directors of the Company (the “Board”) that he intends to retire from his role as Chairman of the Board, Chief Executive Officer and President effective May 9, 2022.”
Rajeev Bhalla was appointed as Director at Woodward, Inc..
“On September 3, 2021, the Board of Directors (the “Board”) of Woodward, Inc. (“Woodward”) appointed Rajeev Bhalla to serve on the Board, effective upon the commencement of the meetings of the Board and its committees on September 20, 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.