Moog: Overview of Fiscal First Quarter Earnings

Moog Inc. Announces Strong First-Quarter Financial Results

Moog Inc., headquartered in East Aurora, New York, revealed on Friday that it achieved a net profit of $78.9 million during its fiscal first quarter.

The company reported earnings of $2.46 per share, while adjusted earnings—excluding certain one-time items—reached $2.63 per share.

These figures exceeded analysts’ expectations, as a consensus of four experts polled by Zacks Investment Research had predicted earnings of $2.24 per share.

Moog’s revenue for the quarter totaled $1.1 billion.

Looking ahead, the aerospace supplier anticipates full-year earnings of $10.20 per share and projects annual revenue to hit $4.3 billion.