Core Viewpoint - Woodward, Inc. is winding down its China on-highway natural gas truck operation to focus on priority markets and long-term growth opportunities [1][2][3] Group 1: Strategic Decision - The decision to wind down the China OH business is aimed at aligning the Industrial portfolio with key end-markets [2] - This move allows the company to redirect resources towards controls solutions in Transportation, Power Generation, and Oil & Gas [2] Group 2: Rationale Behind the Decision - Woodward has reviewed options for the China OH business for years, including full and partial divestitures, but no buyers emerged [3] - The company cited difficult conditions in China as a reason for the orderly wind-down, which includes closing a small manufacturing site [3] Group 3: Financial Context - The China OH unit has not delivered meaningful, steady results, prompting the decision to wind down [4] - In fiscal 2025, Woodward reported record sales and earnings, driven by strength in its Industrial and Aerospace segments [4] - Woodward shares are trading lower by 1.41% to $331.25 in premarket trading [4]