Woodward Announces Substantial Increase in Share Repurchase Authorization

Core Viewpoint - Woodward, Inc. has announced a new $1.8 billion share repurchase authorization, reflecting its strategic use of a strong balance sheet to enhance shareholder value [1][2]. Group 1: Share Repurchase Authorization - The Board of Directors approved a $1.8 billion share repurchase program for three years, following the completion of a previous $600 million authorization ahead of schedule [1]. - The new authorization demonstrates the Board's confidence in Woodward's long-term growth, cash generation, and commitment to shareholder returns [2]. Group 2: Financial Performance and Shareholder Returns - Over the past decade, Woodward has returned approximately $2.0 billion to shareholders through dividends and share repurchases, which is about 78% of net earnings during that period [2]. - The company emphasizes a disciplined approach to capital allocation, prioritizing reinvestment in the business, strategic M&A, and returning cash to shareholders [3]. Group 3: Company Overview - Woodward is a global leader in energy conversion and control solutions for aerospace and industrial equipment markets, headquartered in Fort Collins, Colorado [4].