Sep 21, 5:15 PM ET
Woodward plans to cease operations at its Santa Clarita, California, facility no later than December 2027 and move military flight control actuation production to its Spartanburg, South Carolina campus. The company also agreed to sell certain legacy product lines and the Santa Clarita campus, with that sale expected to close in fiscal 2027. Woodward expects cumulative pre-tax charges of $34 million to $47.5 million, mostly cash costs, which shareholders will bear as the actions are completed.
- Estimated cumulative pre-tax charges of $34 million to $47.5 million, including $23 million to $29 million of employee-related costs
- About 400 roles at the Santa Clarita facility are expected to be affected
- Santa Clarita operations to cease no later than December 2027; Spartanburg facility expected to go online in summer 2027
- Divestiture of certain product lines and the Santa Clarita campus expected to close in fiscal year 2027
Read the filing on SEC.gov ↗
Aug 21, 2:51 PM ET
On August 19, 2026, Woodward agreed to sell $450 million of senior unsecured notes in three $150 million series, due in 2029, 2030 and 2033, in private placements. The closing is scheduled for September 30, 2026, and the notes add new debt that shareholders should weigh against the company's leverage covenants and interest costs.
- Series U notes ($150 million) due September 30, 2029 at 5.34%; Series V ($150 million) due September 30, 2030 at 5.39%; Series W ($150 million) due September 30, 2033 at 5.64%
- Rates rise by 0.75 percentage points (to 6.09%, 6.14% and 6.39%) for any fiscal quarter after one ending with debt to EBITDA above 3.5 to 1.0
- Closing scheduled for September 30, 2026; interest paid semi-annually starting March 30, 2027
- Obligations guaranteed by wholly owned subsidiaries MPC Products Corporation and Woodward HRT, Inc.
Read the filing on SEC.gov ↗
Jul 29, 4:00 PM ET
Woodward reported fiscal third-quarter 2026 results for the quarter ended June 30, 2026, with net sales of $1.1 billion, up 21%, and diluted EPS of $2.40, up 36% from $1.76. The company raised its fiscal 2026 adjusted EPS guidance to $9.30 to $9.50 from $9.15 to $9.45, which signals higher expected profit for shareholders, though quarterly free cash flow fell 12% to $87 million.
- Q3 net sales were $1.1 billion, up 21%; diluted EPS was $2.40 versus $1.76, up 36%.
- Adjusted EPS was $2.52, up 43%, after excluding $9.3 million in restructuring charges.
- FY26 adjusted EPS guidance was raised to $9.30 to $9.50, from $9.15 to $9.45 issued April 29, 2026.
- Industrial segment earnings were $88 million, up 86%; Aerospace segment earnings were $170 million, or 24.0% of sales.
Read the filing on SEC.gov ↗
Jun 5, 4:12 PM ET
Woodward said Executive Vice President and Chief Technology Officer, Aerospace Terence J. Voskuil notified the company on June 2, 2026 that he will retire effective October 2, 2026. He will remain in his current role until that date, so day-to-day leadership of the aerospace technology function is not expected to change before then.
- Terence J. Voskuil notified Woodward of his retirement on June 2, 2026.
- His retirement is effective October 2, 2026.
- He will continue as Executive Vice President, Chief Technology Officer, Aerospace until the effective date.
- The filing was signed June 5, 2026 by General Counsel Karrie M. Bem.
Read the filing on SEC.gov ↗
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