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Jun 27, 2020
Moog Q3 2020 Earnings Report
Moog reported a decrease in sales and a GAAP diluted loss per share, but demonstrated strength in underlying operations and diversity across markets.
Key Takeaways
Moog Inc. reported third-quarter results with sales of $658 million, an 11% decrease year-over-year. The company experienced a GAAP diluted loss per share of ($0.44), which included $1.37 per share in pandemic-related charges, but a non-GAAP adjusted earnings per share of $0.93. Despite challenges, the underlying operations performed well, and the company's diversity across markets and strong balance sheet were key to navigating the current environment.
Sales decreased by 11% to $658 million compared to the previous year.
GAAP diluted loss per share was ($0.44), including $1.37 per share in pandemic-related charges.
Non-GAAP adjusted earnings per share were $0.93.
Operating margins were (0.7%), with adjusted operating margins of 8.2%.
Revenue by Segment
Forward Guidance
Due to the uncertainty surrounding the extent and duration of business disruptions related to the pandemic, the Company suspended its previously provided 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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