Moog Inc
F:MO7A

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Moog Inc Logo
Moog Inc
F:MO7A
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Price: 338.6 EUR -0.59% Market Closed
Market Cap: €9.7B

Moog Inc
Investor Relations

Moog Inc. makes precision motion and control systems that help machines move, steer, and stabilize with high accuracy. Its products include flight controls for aircraft, steering and braking systems for vehicles, and motion components used in industrial and space equipment. In simple terms, Moog sells the parts and control systems that turn electrical and mechanical signals into reliable movement. Its main customers are aerospace and defense contractors, aircraft makers, industrial equipment companies, and some space and specialized vehicle builders. Moog usually earns money by selling engineered hardware, integrated subsystems, and related support services. In many cases, it works as a supplier in the middle of the value chain, designing critical components that are built into a larger customer system. What makes Moog different is that its products often sit where failure is not an option. Customers buy Moog when they need precise control, durability, and engineering support for demanding environments such as aircraft, satellites, factory automation, or military platforms. That gives the company a business built around specialized design work, long customer relationships, and replacement or service needs tied to the equipment it helps power.

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Last Earnings Call
Fiscal Period
Q3 2023
Call Date
Jul 28, 2023
AI Summary
Q3 2023

Record Sales: Moog posted record sales of $850 million for the quarter, up over 10% year-on-year, with every segment achieving double-digit organic growth.

Margin Improvement: Margin gains from pricing and simplification were partly masked by $14 million in space vehicle contract charges, but underlying performance was strong.

Raised Guidance: Full-year sales, operating profit, and adjusted EPS guidance were increased, with projected sales of $3.3 billion and adjusted EPS of $5.75 (plus or minus $0.10).

Free Cash Flow Pressure: Free cash flow guidance was lowered to negative $60 million for the year due to inventory growth, though Q4 is expected to turn positive.

Pricing Success: Significant pricing gains—especially in Aircraft Controls—are driving margin improvement, with further annual escalations built into contracts.

Space Vehicle Charges: The company incurred additional costs on space fixed-price programs but expects these risks to be largely behind them as satellite deliveries near completion.

Healthy Backlog: The 12-month backlog reached $2.3 billion, up 2% year-over-year, supporting continued growth into fiscal 2024.

Key Financials
Sales
$850 million
Adjusted Operating Margin
10.2%
Adjusted Earnings Per Share
$1.37
Free Cash Flow
-$19 million
12-Month Backlog
$2.3 billion
Interest Expense
$17 million
Capital Expenditures
$35 million
Leverage Ratio
2.7x net debt
Earnings Call Recording
Other Earnings Calls

Management

Mr. Patrick J. Roche
President, CEO & Director
No Bio Available
Ms. Jennifer Walter
Executive VP & CFO
No Bio Available
Mr. Mark Joseph Trabert
Executive VP & COO
No Bio Available
Mr. Nicholas Hart
Corporate Controller & Principal Accounting Officer
No Bio Available
Mr. Aaron Astrachan
Director of Investor Relations
No Bio Available
Ms. Elwira Kelly
Senior VP, General Counsel & Corporate Secretary
No Bio Available
Paul DellaNeve
Vice President of Corporate Development
No Bio Available
Mr. Mark Graczyk
VP & President of Military Aircraft
No Bio Available
Mr. Michael Schaff
VP & President of Commercial Aircraft
No Bio Available
Mr. Joseph Alfieri
VP and President of Space & Defense
No Bio Available

Contacts

Address
NEW YORK
East Aurora
400 Jamison Road
Contacts
+17166522000.0
www.moog.com
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