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Jun 29, 2024
Moog Q3 2024 Earnings Report
Moog reported a strong third quarter with margin expansion.
Key Takeaways
Moog Inc. reported a solid performance in Q3 2024, with net sales increasing by 6% to $905 million and adjusted diluted earnings per share rising by 39% to $1.91. The company saw improvements in operating margin and free cash flow, driven by growth in the aerospace and defense sectors.
Net sales increased by 6% compared to the prior year's quarter, driven by growth in aerospace and defense businesses.
Operating margin increased by 170 basis points, driven by improved performance in Space and Defense, Commercial Aircraft and Military Aircraft.
Adjusted diluted earnings per share increased by 39%, driven by operating margin expansion and incremental profit from higher sales.
Free cash flow improved by $17 million as compared to last year.
Revenue by Segment
Forward Guidance
Fiscal year 2024 is measuring up to be a great step towards achieving our long-term financial targets. This year, our sales will grow by 8%, our adjusted operating margin will expand by 150 basis points and our adjusted earnings per share will increase by 20%.
Positive Outlook
- Net sales are expected to be $3,575 million.
- Adjusted operating margin is expected to be 12.4%.
- Adjusted diluted net earnings per share are expected to be $7.40.
- Sales will grow by 8%.
- Adjusted earnings per share will increase by 20%.
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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