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Moog Inc. (NYSE: MOG.A, MOG.B) will announce its fiscal Q2 2021 earnings for the period ending April 3, 2021, on April 30, 2021. A conference call will take place at 10:00 a.m. ET, featuring Chairman and CEO John Scannell and CFO Jennifer Walter. The call will be accessible live online, with supplemental data available approximately 90 minutes before the call. Moog specializes in precision control components and systems for various applications, including military and commercial aviation and industrial machinery.
Moog Inc. (NYSE: MOG.A, MOG.B) announced its pivotal role in NASA's Perseverance Rover mission. The company's space products, including throttle valve assemblies and actuators, were instrumental in the Rover's successful landing in Jezero Crater. The mission launched on July 30, 2020, and Moog technology will continue supporting the Rover's operations, ensuring longevity in sampling Martian soil over a Mars year.
Company executives expressed pride in their team's contributions to this landmark achievement in space exploration.
The Board of Directors of Moog has declared a quarterly dividend of $0.25 per share on Class A and Class B common stock, amounting to approximately $8 million in cash. This dividend will be paid on March 1, 2021, to shareholders on record as of February 12, 2021.
The continuation of future dividends depends on the Board's discretion and the company's financial performance.
Moog Inc. (NYSE: MOG.A and MOG.B) reported Q1 financial results for the period ending January 2, 2021. Sales totaled $684 million, a 9% decline from the previous year. Diluted EPS was $1.17, down 19%, but 34% higher than the average adjusted EPS from the second half of FY 2020. The company completed the acquisition of Genesys Aerosystems, while generating $94 million in cash flow from operations, up 123%. Consolidated backlog stands at $1.9 billion, a 14% increase year over year.
Moog will release its first quarter fiscal 2021 earnings on January 29, 2021, for the period ending January 2, 2021. A conference call will follow at 10:00 a.m. ET, featuring John Scannell, Chairman and CEO, and Jennifer Walter, CFO. The call can be accessed live or in replay mode on Moog's investor website. Supplemental data will be available approximately 90 minutes before the call and archived for 45 days. Moog Inc. is recognized as a global leader in precision control systems, serving various sectors including military and commercial aerospace.
Moog announced its acquisition of Genesys Aerosystems Group for approximately $77.7 million. This acquisition, which includes subsidiaries S-Tec Corporation and Genesys Aerosystems, aims to enhance Moog's Aircraft Controls Segment. Genesys, with over 40 years of experience, specializes in electronic flight instrument systems and autopilot solutions for various aircraft. Moog anticipates synergies between the two businesses, positioning them for future growth in avionics while focusing on customer satisfaction.