Moog Earns $1.08 per Share

This morning, Moog ($MOG-A) reported fiscal Q3 earnings of $1.08 per share. Sales were up 2% to $684 million.

“This was a very good quarter for our company with increased sales, record earnings and very strong cash flow,” said John Scannell, Chairman and CEO. “We are on track for fiscal ’14, which will be a great year for Moog. As we look to fiscal ’15, we should see further improvement. We’re forecasting very modest sales growth but a 16% increase in earnings per share. Company operating margins in fiscal ’15 will expand by 50 basis points, despite some margin challenges in our Aircraft segment. We also expect another year of strong cash flow. Overall, if fiscal ’15 turns out as we expect, it will be another record year for the company.”

Moog raised its 2014 full-year guidance to $3.65 per share. Wall Street had been expecting $3.74 per share. Since they’ve already earned $2.59 per share for the first three quarters, that means they expect $1.06 per share for fiscal Q4. For 2015, Moog expects sales of $2.69 billion and EPS of $4.25. Wall Street had been expecting $4.56 per share.

Posted by on July 25th, 2014 at 10:42 am

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