MOOG INC CL B Stock Price, News & Analysis

Moog Inc. (NYSE: MOG.A and MOG.B) will announce its second quarter fiscal 2022 earnings for the period ending April 2, 2022, on April 29, 2022. The results will be shared during a conference call starting at 10:00 a.m. ET, hosted by Chairman and CEO John Scannell alongside CFO Jennifer Walter. The call will be available live and for replay on their investor website. Supplemental data will be accessible 90 minutes prior to the call and archived for 45 days.

Moog Inc. has completed the acquisition of TEAM Accessories Limited, a Dublin-based aerospace and industrial engineering firm, enhancing its Commercial Aftermarket services. The acquisition aims to expand Moog's global reach and strengthen its product offerings in aircraft engine accessories. TEAM specializes in Maintenance, Repair and Overhaul (MRO) services, focusing on critical jet engine components. The purchase price remains undisclosed. This strategic move aligns with Moog's goal to enhance quality and service capabilities in the aerospace sector.

Moog Inc. (NYSE: MOG.A and MOG.B) reported first-quarter financial results for 2022, with sales reaching $724 million, a 6% increase year-over-year. GAAP diluted earnings per share were $1.44, supported by a $0.33 net gain from divestitures. Notably, operating margins stood at 11.1%, while cash flow from operations was $157 million. The company also updated its fiscal outlook, projecting sales of $3.0 billion for the year. Additionally, Moog announced a 4% increase in its quarterly dividend to $0.26.

The Board of Directors of Moog has announced a quarterly dividend increase to $0.26 per share for both Class A and Class B common stock. This dividend will be paid on February 28, 2022, to shareholders on record as of February 11, 2022. The total cash outlay for this dividend is approximately $8 million. Future dividends will depend on the Board's discretion.

Moog Inc. (NYSE: MOG.A, MOG.B) has announced the change of its 2022 Annual Meeting of Shareholders to a virtual webcast format due to the ongoing COVID-19 pandemic. The meeting will take place on February 8, 2022, at 10:00 a.m. ET, allowing registered Class A and B shareholders to participate and vote remotely. Shareholders can access the meeting through specific registration links provided.

Moog is a global leader in precision control components and systems, serving various sectors including military and commercial aerospace.

Moog Inc. (NYSE: MOG.A, MOG.B) will disclose its fiscal Q1 2022 earnings for the period ending January 1, 2022, on January 28, 2022. A conference call, featuring Chairman and CEO John Scannell and CFO Jennifer Walter, is scheduled for 10:00 a.m. ET on the same day. The call will be live-streamed and available for replay on Moog's investor communications page. Supplemental data will be accessible 90 minutes before the call. Moog Inc. specializes in precision control components and systems for various industries including aerospace, medical, and industrial applications.

Moog Inc. (NYSE: MOG.A, MOG.B) has achieved a significant milestone by contributing to the successful test of the X-61A Gremlins Air Vehicle (GAV) for DARPA. The test, conducted in October at Dugway Proving Ground, Utah, involved the launching and retrieving of multiple GAVs, totaling 6.7 hours of flight across four sorties. Moog's electromechanical actuation systems enabled precise control for various GAV functions, emphasizing the company's long-standing role in military aerospace. This achievement underscores Moog’s commitment to providing reliable and cost-effective solutions in unmanned aviation.

Moog Inc. (NYSE: MOG.A, MOG.B) has launched a construction venture, providing Doosan Bobcat with its intelligent machine electrification system. This collaboration aims to design and build the world's first all-electric compact track loader, the T7X, which offers zero emissions and eliminates hydraulic components. The system enhances productivity, safety, and sustainability in construction machinery. Moog's experience in electrification will accelerate market introduction of automated and connected machines, enabling clients to create differentiated products and reduce development time.

Moog Inc. has declared a quarterly dividend of $.25 per share for both Class A and Class B common stocks. This payment, totaling approximately $8 million, will be distributed on December 6, 2021, to shareholders recorded by the close of business on November 19, 2021. The dividend declaration reflects Moog's ongoing commitment to returning value to its shareholders, although future dividends remain at the discretion of the Board of Directors.