Moog Inc. (NYSE:MOG.A) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Moog Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.80 in the quarter versus EPS of $0.77 in the year-earlier quarter.
Revenue: Increased to $643 million from 624.97 in the year-earlier quarter.
Quoting Management: “Sales, earnings and earnings per share were up this quarter, so the news is generally good,” said John Scannell, CEO. “Our industrial markets remain soft so fiscal 2013 looks like it will continue to be a challenging year and we are working to ensure that we meet our operating goals. Our operations should deliver earnings per share in the range of $3.55 to $3.65 but we’ll incur a total of $.15 per share in restructuring that reduces the range to $3.40 to $3.50 per share for the year. Sales in the second half of the year will be higher than the first half, and we should see a pickup in earnings in both our Industrial and Space & Defense segments.”
Key Stats (on next page)…