Moog Inc. Stock Price, News & Analysis

Moog Inc. (NYSE: MOG.A, MOG.B) reported Q1 2023 diluted earnings per share of $1.44 and adjusted EPS of $1.25, marking a 14% increase from the previous year. Net sales rose 5% to $760 million, with an adjusted operating margin of 10.4%, up 130 basis points. The company maintains its full-year guidance of $3.175 billion in net sales and an adjusted EPS of $5.70. However, free cash flow was negative at $22 million due to supply chain issues and higher production rates. The consolidated backlog stands at $2.3 billion, reflecting an 8% year-over-year increase. CEO Pat Roche expressed optimism for future growth and shareholder value.

Moog Inc. (NYSE: MOG.A and MOG.B) is set to release its first quarter fiscal 2023 earnings on February 3, 2023, for the period ending December 31, 2022. The company will host a conference call with management starting at 10:00 a.m. ET, which will be broadcast live online. Supplemental data will be available on Moog's website about 90 minutes before the call and archived for 45 days. Moog specializes in precision control components and systems, serving various industries including aerospace and defense.

Moog Inc. (NYSE: MOG.A and MOG.B) announced that John Scannell will retire as CEO effective February 1, 2023, but will remain on the Board as Non-Executive Chairman. Scannell has led the company since 2011 and previously served in various key roles since joining Moog in 1990. Patrick J. Roche, currently Executive VP and COO, has been appointed as the new CEO. Roche has been with Moog since 2000 and held the presidency of the Industrial Systems segment since 2015. The leadership transition aims to ensure continued innovation and success for the company.

Moog Inc. (NYSE: MOG.A, MOG.B) announced its space products were crucial for the successful launch of Artemis 1, NASA's uncrewed test flight aimed at returning humans to the Moon. The Space Launch System (SLS) rocket, the most powerful ever, lifted off from Kennedy Space Center with a thrust of 8.8 million pounds. Moog's technology ensures precise engine positioning during the flight. The Artemis program aims to establish a long-term human presence on the Moon, with Artemis 2 set to follow in 2024. Over 500 Moog employees contributed significantly to this milestone.

The Board of Directors of Moog (NYSE: MOG.A, MOG.B) has declared a quarterly dividend of $0.26 per share on its Class A and Class B common stock. This dividend, totaling approximately $8 million, will be paid on December 5, 2022, to shareholders of record as of November 18, 2022. Future dividends will be determined at the discretion of the Board.

Moog is a global designer and manufacturer of precision control systems for various applications, including military and commercial aircraft.

Moog Inc. reported financial results for the quarter and fiscal year ending October 1, 2022, revealing a 6% increase in quarterly sales, reaching $768 million. The operating margin stood at 8.6%, while adjusted operating margin rose to 10.4%. Diluted EPS was $0.92, and adjusted diluted EPS was $1.36, marking an 8% increase. For fiscal 2022, total sales reached $3.0 billion, with guidance for fiscal 2023 expecting sales of $3.2 billion. The Aircraft Controls segment saw a notable 39% increase in commercial aircraft sales.

Moog Inc. (NYSE: MOG.A, MOG.B) will announce its fourth quarter and year-end earnings for the period ending on October 1, 2022, on November 4, 2022. The earnings report will be followed by a conference call at 10:00 a.m. ET, hosted by Chairman and CEO John Scannell and CFO Jennifer Walter. Interested parties can access the call live or in replay mode via Moog's website. Supplemental data will be available prior to the call and archived for 45 days.

Moog Inc. (NYSE: MOG.A and MOG.B) has been awarded a contract by L3Harris Technologies to provide its weapon Stores Management System (SMS) for the U.S. Special Operations Command's Armed Overwatch Program. This indefinite delivery, indefinite quantity contract has a ceiling of $3 billion and supports the delivery of up to 75 manned aircraft. Moog's SMS solution will enhance fire-control capabilities, demonstrating Moog's commitment to delivering quality integrated systems. Production is set to begin in 2023 in Orlando, Florida, and Tulsa, Oklahoma.

Moog Inc. (NYSE: MOG.A and MOG.B) has partnered with Komatsu to develop a fully electric compact wheel loader, set to be showcased at bauma 2022 from October 24-30. This zero-emission machine features Moog's intelligent electrification system, incorporating electric motors and advanced software for efficiency and control. The collaboration aims to achieve significant CO2 emissions reductions by 2030 and enhance operational efficiency in construction machinery. Joint testing is planned post-event to validate the machine's capabilities.