Woodward, Inc. (NASDAQ: WWD) has announced a substantial increase in its share repurchase authorization. The company's board of directors has approved a new $1.8 billion, three-year share repurchase authorization, indicating a strategic use of its strong balance sheet to drive shareholder value. This new authorization comes after the completion of the prior $600 million authorization in November 2025, which was accomplished more than a year ahead of plan.
Over the past 10 years, Woodward has returned approximately $2.0 billion to shareholders through a combination of dividends and share repurchases, representing approximately 78% of net earnings over that period. This reflects the company's commitment to delivering compelling shareholder returns.
Woodward's chief financial officer, Bill Lacey, emphasized the company's strong balance sheet and its intention to utilize it. The capital allocation priorities include reinvesting in the business, selectively pursuing strategic mergers and acquisitions, and returning cash to shareholders through dividends and share repurchases.
The new share repurchase authorization does not obligate the company to acquire a specific dollar amount or number of shares and may be modified, suspended, or discontinued at any time.
Woodward, Inc. is a global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. The company is headquartered in Fort Collins, Colorado, USA.
The market has reacted to these announcements by moving the company's shares 0.03% to a price of $259.21. For more information, read the company's full 8-K submission here.
