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Mar 28, 2020
Moog Q2 2020 Earnings Report
Moog's second quarter results were announced, revealing sales growth and an increase in earnings per share, though the company suspended its fiscal year 2020 guidance due to the COVID-19 pandemic.
Key Takeaways
Moog Inc. reported a 6% increase in sales, reaching $765 million for the second quarter. Diluted earnings per share rose by 26% to $1.48. However, due to the uncertainty caused by the COVID-19 pandemic, the company has suspended its fiscal year 2020 guidance and is taking measures to preserve liquidity.
Sales increased by 6% year-over-year, reaching $765 million.
Diluted earnings per share increased by 26% year-over-year, reaching $1.48.
Operating margins improved to 11.0% from 10.8% in the previous year.
Company suspended fiscal year 2020 guidance due to COVID-19 pandemic.
Revenue by Segment
Forward Guidance
Due to the uncertainty caused by the COVID-19 pandemic, the company is suspending its previously provided fiscal year 2020 guidance. Actions have been taken to address business pressures and preserve liquidity.
Positive Outlook
- Temporarily suspending dividend payments
- Temporarily suspending share buyback activities
- Minimizing capital spend
- Reducing discretionary spending
- Implementing hiring and salary freezes
Challenges Ahead
- Business disruptions related to the pandemic started to affect the Company’s operations
- Considerable uncertainty around the extent and duration of these circumstances
- Uncertainty on how the pandemic will impact operations
- Suspension of fiscal year 2020 guidance
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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