Woodward announced a new $1.8 billion, three-year share repurchase authorization.
The company completed a prior $600 million authorization more than a year ahead of plan.
The Board of Directors approved the new authorization to drive shareholder value.
New Share Repurchase Authorization
Woodward approved a $1.8 billion, three-year share repurchase authorization.
Strong Balance Sheet Utilization
The strategic use of the balance sheet reflects Woodward's commitment to shareholder value.
Previous Return to Shareholders
Over the past 10 years, Woodward has returned approximately $2.0 billion to shareholders.
- The new share repurchase authorization indicates confidence in Woodward's growth trajectory.
- Woodward plans to reinvest in the business, pursue strategic M&A, and return cash to shareholders.
- The new authorization allows flexibility in repurchasing shares based on market conditions and company discretion.
Woodward's decisive move to increase its share repurchase authorization demonstrates confidence in its growth prospects and commitment to enhancing shareholder value.