Moog Q1 2021 Earnings Report

Moog's first quarter results were announced, revealing sales down 9% year-over-year but in line with the second half of fiscal year 2020, with diluted earnings per share down 19% year-over-year but higher than the second half of fiscal year 2020 average.

Key Takeaways

Moog Inc. reported first-quarter results with sales of $684 million, a 9% decrease year-over-year. Diluted earnings per share were $1.17, down 19% from the previous year. The company completed the acquisition of Genesys Aerosystems and generated $94 million in cash flow from operating activities, a 123% increase year-over-year.

Sales of $684 million were down 9% from a year ago.

Diluted earnings per share of $1.17 were down 19% from a year ago.

Operating margins of 10.4% were down from 12.0% a year ago.

Completed the acquisition of Genesys Aerosystems.