Woodward Plans to Exit China OH to Improve Industrial Segment Returns

Key Takeaways WWD will wind down its China on-highway truck business by fiscal year-end after no viable divestiture offers.WWD will close a small China plant and cut limited sales, engineering and support roles tied to China OH.China OH has been a drag on Woodward, with lower volumes and mix hurting Industrial earnings.Woodward, Inc. (WWD) has announced plans to wind down its on-highway natural gas truck business in China (China OH) as part of a broader effort to sharpen the focus of its Industrial segment ...