Woodward, Inc. Files 2024 Annual Report
Ticker: WWD · Form: 10-K · Filed: Nov 26, 2024 · CIK: 108312
Sentiment: neutral
Topics: 10-K, annual-report, financials
TL;DR
Woodward Inc. 10-K filed. Full year financials and biz ops detailed. Check it out.
AI Summary
Woodward, Inc. filed its 10-K for the fiscal year ending September 30, 2024, reporting on its financial performance and business operations. The company, formerly known as WOODWARD GOVERNOR CO, is based in Fort Collins, Colorado, and operates in the electrical industrial apparatus sector. Key financial data and operational details are presented in this comprehensive annual filing.
Why It Matters
This filing provides investors and stakeholders with a detailed overview of Woodward, Inc.'s financial health, strategic direction, and potential risks for the fiscal year 2024.
Risk Assessment
Risk Level: medium — The filing is a standard annual report, but the complexity of financial data and business operations can introduce inherent risks.
Key Numbers
- 0930 — Fiscal Year End (The report covers the fiscal year ending on this date.)
- 361984010 — IRS Number (Company's IRS identification number.)
- 001-39265 — SEC File Number (The SEC's file number for this company.)
Key Players & Entities
- Woodward, Inc. (company) — Filer
- WOODWARD GOVERNOR CO (company) — Former Company Name
- Fort Collins, Colorado (location) — Business Address
- 20240930 (date) — Fiscal Year End
FAQ
What was Woodward, Inc.'s primary business sector?
Woodward, Inc. operates in the ELECTRICAL INDUSTRIAL APPARATUS sector, with SIC code 3620.
When did Woodward, Inc. change its name from WOODWARD GOVERNOR CO?
The company changed its name from WOODWARD GOVERNOR CO on July 3, 1992 (19920703).
What is the filing date of this 10-K report?
This 10-K report was filed on November 26, 2024 (20241126).
Where is Woodward, Inc. headquartered?
Woodward, Inc. is headquartered in Fort Collins, Colorado, with its business and mailing address at 1081 Woodward Way, Fort Collins, CO 80524.
What is the SEC Act under which this 10-K was filed?
This 10-K was filed under the 1934 Act.
Filing Stats: 4,310 words · 17 min read · ~14 pages · Grade level 15.6 · Accepted 2024-11-26 13:37:22
Key Financial Figures
- $0.001455 — ch registered Common Stock, par value $0.001455 per share WWD NASDAQ Global Select
Filing Documents
- wwd-20240930.htm (10-K) — 7238KB
- wwd-ex4_1.htm (EX-4.1) — 2KB
- wwd-ex4_2.htm (EX-4.2) — 31KB
- wwd-ex10_40.htm (EX-10.40) — 50KB
- wwd-ex10_41.htm (EX-10.41) — 52KB
- wwd-ex19_1.htm (EX-19.1) — 52KB
- wwd-ex21_1.htm (EX-21.1) — 38KB
- wwd-ex23_1.htm (EX-23.1) — 3KB
- wwd-ex31_1.htm (EX-31.1) — 19KB
- wwd-ex31_2.htm (EX-31.2) — 19KB
- wwd-ex32_1.htm (EX-32.1) — 14KB
- wwd-ex97_1.htm (EX-97.1) — 41KB
- img15784125_0.jpg (GRAPHIC) — 151KB
- img15784125_1.jpg (GRAPHIC) — 56KB
- img67521871_0.jpg (GRAPHIC) — 224KB
- 0000950170-24-130891.txt ( ) — 34841KB
- wwd-20240930.xsd (EX-101.SCH) — 3117KB
- wwd-20240930_htm.xml (XML) — 9411KB
Forward Looking Statements
Forward Looking Statements 1 Item 1.
Business
Business 2 Item 1A.
Risk Factors
Risk Factors 9 Item 1B. Unresolved Staff Comments 19 Item 1C. Cybersecurity 19 Item 2.
Properties
Properties 21 Item 3.
Legal Proceedings
Legal Proceedings 21 Item 4. Mine Safety Disclosures 21 PART II Item 5. Market Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 22 Item 6. Reserved 23 Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 7A.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 39 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 40 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures 90 Item 9A.
Controls and Procedures
Controls and Procedures 90 Item 9B. Other Information 91 Item 9C. Disclosures Regarding Foreign Jurisdictions that Prevent Inspections 91 PART III Item 10. Directors, Executive Officers, and Corporate Governance 92 Item 11.
Executive Compensation
Executive Compensation 92 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 92 Item 13. Certain Relationship and Related Transactions, and Director Independence 92 Item 14. Principal Accountant Fees and Services 92 PART IV Item 15. Exhibits and Financial Statement Schedules 93 Item 16. Form 10-K Summary 96
Signatures
Signatures 97 Forward Lookin g Statements This Annual Report on Form 10-K, including "Management's Discussion and Analysis of Financial Condition and Results of Operations," contains forward-looking statements regarding future events and our future results within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are statements that are deemed forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of management. Words such as "anticipate," "believe," "estimate," "seek," "goal," "expect," "forecast," "intend," "continue," "outlook," "plan," "project," "target," "strive," "can," "could," "may," "should," "will," "would," variations of such words, and similar expressions are intended to identify such forward-looking statements. In addition, any statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, and other characteristics of future events or circumstances are forward-looking statements. Forward-looking statements may include, among others, statements relating to: future sales, earnings, cash flow, uses of cash, and other measures of financial performance, including our assumptions underlying our expectations; trends in our business and the markets in which we operate, including expectations for those markets, our customers and their business and products; our ability to manage risks from operating internationally; expectations regarding demand for our products, in particular our expectations with respect to natural gas trucks in China; our expected expenses in future periods and trends in such expenses over time; our expectations regarding margins and the impact of specific products, product mix, and our strategic actions on margins; descriptions of our plans and expecta
B usiness
Item 1. B usiness General We are an independent designer, manufacturer, and service provider of control solutions for the aerospace and industrial markets. Our innovative fluid energy, combustion control, electrical energy, and motion control systems help customers offer cleaner, more reliable, and more efficient equipment. Our customers include leading original equipment manufacturers and end users of their products. We have production and assembly facilities primarily in the United States, Europe, and Asia, and promote our products and services through our worldwide locations. Our strategic focus is providing energy control and optimization solutions for the aerospace and industrial markets. The precise and efficient control of energy, including motion, fluid, combustion, and electrical energy, is a growing requirement in the markets we serve. Our customers look to us to optimize the efficiency, emissions, and operation of power equipment in both commercial and defense operations. Our core technologies leverage well across our markets and customer applications, enabling us to develop and integrate cost-effective and state-of-the-art fuel, combustion, fluid, actuation, and electronic systems. We focus primarily on serving original equipment manufacturers ("OEMs") and equipment packagers, partnering with them to bring superior component and system solutions to their demanding applications. We also provide aftermarket repair, maintenance, replacement, and other service support for our installed products. Woodward was established in 1870, incorporated in 1902, and is headquartered in Fort Collins, Colorado. The mailing address of our world headquarters is 1081 Woodward Way, Fort Collins, Colorado 80524. Our telephone number at that location is (970) 482-5811, and our website is www.woodward.com. None of the information contained on our website is incorporated into this document by reference. Markets and Principal Lines of Business We serve the aerospace an