Woodward (WWD) Announces $250M Buyback Plan

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Go back to Woodward (WWD) Announces $250M Buyback Plan

Woodward to Return $250 Million to Shareholders

May 20, 2015 4:10 PM EDT

FORT COLLINS, Colo., May 20, 2015 (GLOBE NEWSWIRE) -- Woodward, Inc. (Nasdaq: WWD) today announced its plan to repurchase $250 million of outstanding shares over the next 12 months, under a recently approved Board authorization. The share repurchases reflect the return of capital associated with Woodward's aerospace joint venture with GE Aviation which was announced today in a separate press release. The net impact on Woodward earnings per share of the joint venture and share repurchases is expected to be accretive.

"We are pleased to announce this return of capital to our shareholders," said Thomas A. Gendron,... More