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Apr 03, 2021
Moog Q2 2021 Earnings Report
Moog's financial performance reflected a mix of challenges and successes, with overall sales down but EPS up due to a pension curtailment gain.
Key Takeaways
Moog Inc. reported second-quarter results with sales of $736 million, a 4% decrease year-over-year. Diluted earnings per share increased by 2% to $1.51, including a $0.18 one-time pension curtailment gain. The company is reinstating guidance and expects full-year sales of $2.84 billion and diluted EPS of $5.00, plus or minus $0.20.
Sales decreased by 4% to $736 million compared to the previous year.
Diluted earnings per share increased by 2% to $1.51, including a one-time pension gain of $0.18.
Operating margins declined to 9.8% from 11.0% a year ago.
Cash flow from operating activities increased by 12% to $43 million.
Moog
Moog
Forward Guidance
Moog Inc. is reinstating guidance for fiscal year 2021, projecting sales of $2.84 billion and diluted earnings per share of $5.00, plus or minus $0.20.
Positive Outlook
- Full year sales of $2.84 billion.
- Full year earnings per share of $5.00, plus or minus $0.20.
- Full year operating margins of 9.9%.
- Tax rate of 24.0%.
- Cash flow from operating activities $302 million.