Moog Earns $1.12 per Share

Moog ($MOG-A) just reported earnings of 93 cents per share for its fiscal fourth quarter (the September quarter). That includes a 19-cent charge, so the adjusted figure is $1.12 per share which beat estimates of $1.08 per share.

“Fiscal ’14 was a very respectable year for our company, given the challenging market conditions we faced,” said John Scannell, Chairman and CEO. “Earnings were up and cash flow was very strong. Our financial position allowed us to buy back 4 million shares of stock. In a year with little top-line growth, our employees put in a tremendous effort to deliver on our commitments to both our customers and our investors and I thank them for their hard work and dedication. As we look forward, we are projecting a stronger fiscal ’15 with earnings per share of $4.25, up 21% from fiscal ’14 on sales growth of about 1%.”

Posted by on October 31st, 2014 at 9:16 am

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.