Woodward Authorizes New $800 Million Stock Repurchase Program
2022年2月1日 - 6:10AM
Woodward, Inc. (NASDAQ: WWD) announced that its Board of Directors
authorized a two-year stock repurchase program, under which up to
$800 million in Woodward stock may be purchased in the open market
and private transactions. This authorization replaces the
previously authorized stock repurchase program.
“Our stock repurchase program is an important part of our
balanced capital deployment strategy. Given our strong financial
position and positive financial outlook, including our ability to
generate robust cash flow, we remain committed to returning capital
to stockholders via stock repurchases and cash dividends, while
concurrently investing in our business to support future growth,”
said Thomas A. Gendron, Chairman and Chief Executive Officer.
About Woodward, Inc.
Woodward is the global leader in the design, manufacturing, and
service of energy conversion and control solutions for the
aerospace and industrial equipment markets. Together with our
customers, we are enabling the path to a cleaner, decarbonized
world. Our innovative fluid, combustion, electrical, propulsion and
motion control systems perform in some of the world’s harshest
environments. Woodward is a global company headquartered in Fort
Collins, Colorado, USA. Visit our website at www.woodward.com.
Notice Regarding Forward-Looking Statements
The statements in this release contain forward-looking
statements that involve risks and uncertainties, including
statements concerning the amount and timing of any potential
repurchase of shares under the company’s authorized two-year $800
million stock repurchase program, and the company’s balanced
capital deployment strategy, strong financial position, positive
financial outlook, future ability to generate robust cash flow, and
commitment to returning capital to stockholders via share
repurchases and cash dividends while concurrently investing in our
business to support future growth. Actual results could differ
materially from projections or any other forward-looking statements
and we have no obligation to update our forward-looking statements.
Factors that could affect performance and could cause actual
results to differ materially from projections and forward-looking
statements are described in Woodward's Annual Report and Form 10-K
for the year ended September 30, 2021 and any subsequently filed
Quarterly Report on Form 10-Q.
CONTACT: |
Dan Provaznik |
|
Director, Investor Relations |
|
970-498-3849 |
|
Dan.Provaznik@woodward.com |
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