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Jan 01, 2022
Moog Q1 2022 Earnings Report
Moog's first quarter sales increased, driven by commercial aircraft and space & defense sectors, while earnings were impacted by portfolio shaping activities.
Key Takeaways
Moog Inc. reported a 6% increase in sales to $724 million for the quarter ended January 1, 2022. GAAP diluted earnings per share were $1.44, while non-GAAP diluted adjusted earnings per share were $1.11. The company's performance was in line with its previous guidance, with positive sentiment in its markets and an optimistic outlook for the remainder of the year.
Sales increased by 6% year-over-year, reaching $724 million.
GAAP diluted earnings per share stood at $1.44.
Non-GAAP diluted adjusted earnings per share were $1.11, aligning with prior guidance.
Consolidated 12-month backlog increased by 14% year-over-year to $2.2 billion.
Revenue by Segment
Forward Guidance
The Company updated its fiscal 2022 projections and adjusted figures provided 90 days ago.
Positive Outlook
- Forecasted sales of $3.0 billion
- Forecasted GAAP diluted earnings per share of $5.83, plus or minus $0.20
- Forecasted adjusted diluted earnings per share of $5.50, plus or minus $0.20
- Forecasted GAAP operating margins of 10.8%
- Forecasted adjusted operating margins of 10.3%
Challenges Ahead
- Forecasted cash flow from operating activities of $338 million
- Forecasted adjusted cash flow from operating activities of $238 million
- Forecasted GAAP effective tax rate of 25.5%
- Forecasted adjusted effective tax rate of 25.4%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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