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Apr 02, 2022
Moog Q2 2022 Earnings Report
Moog's financial performance increased, driven by growth in sales and adjusted earnings per share.
Key Takeaways
Moog Inc. reported a 5% increase in sales, reaching $771 million. GAAP diluted earnings per share were $0.91, including $0.59 per share in restructuring and impairment charges. Non-GAAP diluted adjusted earnings per share reached $1.49, a 12% increase year over year. The company's backlog grew to $2.3 billion, up 17% from the previous year.
Sales increased by 5% year over year, reaching $771 million.
GAAP diluted earnings per share were $0.91, including restructuring and impairment charges.
Non-GAAP diluted adjusted earnings per share increased by 12% to $1.49.
Consolidated 12-month backlog increased by 17% to $2.3 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 $5.24, and adjusted diluted earnings per share of $5.50, both plus or minus $0.20
- Forecasted GAAP operating margins of 10.0% and adjusted operating margins of 10.3%
- Forecasted cash flow from operating activities of $328 million and adjusted cash flow from operating activities of $228 million
- Forecasted GAAP effective tax rate of 25.0% and 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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