Woodward, Inc.

Woodward, Inc. announced that Terence J. Voskuil, Executive Vice President, Chief Technology Officer, Aerospace, will retire from his position. His retirement is effective October 2, 2026, and he will continue to serve in his current role until that date.

Woodward, Inc. entered into new credit agreements on May 28, 2026, securing a total of $1.25 billion in financing. This includes a Third Amended and Restated Revolving Credit Agreement for up to $1 billion, extending its maturity to May 28, 2031, and a new $250 million Term Loan Credit Agreement, also maturing on May 28, 2031. The company utilized $413 million from the revolving loan and cash to repay outstanding obligations under the previous agreement and borrowed the full $250 million term loan for working capital and general corporate purposes.

Woodward, Inc. reported strong financial results for its second quarter ended March 31, 2026, with net sales increasing 23% to $1.091 billion and net earnings up 23% to $134 million. Both Aerospace and Industrial segments showed robust growth, driven by strong demand and execution. Based on this performance and continued demand strength, the company raised its full-year 2026 sales growth guidance to 20-23% and adjusted EPS guidance to $9.15-$9.45.

Woodward, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.32 per share. The dividend is scheduled to be paid on June 4, 2026, to stockholders who are on record as of May 21, 2026.

Woodward, Inc. announced the election of Frederico F. Curado to its Board of Directors, effective June 1, 2026. Mr. Curado will also serve on the Board's Audit Committee. To accommodate this appointment, the Board increased the authorized number of directors from nine to 10. He will receive compensation in accordance with the Company's Outside Director Compensation Policy.

Woodward, Inc. announced the election of Frederico Fleury Curado to its Board of Directors and Audit Committee, effective June 1, 2026. Curado brings over four decades of leadership experience from industrial and aerospace companies, including prior CEO roles at Ultrapar S.A. and Embraer S.A. His extensive background in global business leadership, strategy, and governance is expected to support Woodward's long-term growth and value creation.

Woodward, Inc. has signed an Elite Licensed Repair Service Facility Agreement with Air France Industries KLM Engineering & Maintenance (AFI KLM E&M). This partnership authorizes AFI KLM E&M to provide comprehensive maintenance, repair, and overhaul services for Woodward components across the CFM International LEAP engine family. The collaboration aims to enhance support for the rapidly expanding global LEAP engine fleet, ensuring operational continuity and improved efficiency for airline operators worldwide.

Woodward, Inc. and Lufthansa Technik have entered an Elite Licensed Repair Service Facility Agreement, reinforcing their long-standing cooperation. This partnership designates Lufthansa Technik as the first authorized network partner to provide comprehensive repair and overhaul services for Woodward fuel controls, valves, and actuators on CFM LEAP-1A and LEAP-1B engines. The agreement aims to enhance service resilience and planning certainty for operators of Airbus A320neo and Boeing 737 MAX aircraft, with Lufthansa Technik investing in advanced tooling to support the growing global LEAP engine fleet.

Woodward, Inc. announced an agreement to sell its pilot controls product line and associated services to Ontic Engineering and Manufacturing. This divestment, which includes commercial and defense applications manufactured in Niles, Illinois, is part of Woodward's strategy to optimize its portfolio and focus on core growth areas. As part of the deal, Woodward will remain the sole supplier of certain electromechanical components and provide transition services for 9-12 months, aiming to create a stronger, more focused company.

Woodward, Inc. announced it will release its fiscal second-quarter 2026 financial results on Wednesday, April 29, 2026, at approximately 4:00 p.m. ET. A news release will be issued at that time, followed by a conference call at 5:00 p.m. ET. The company will provide an overview of its business and financial performance during the call, which can be accessed via its website or by phone.