News Buzz: Moog Inc. (NYSE: MOG-A)

On Friday, Shares of Moog Inc. (NYSE: MOG-A) rose 0.88% to $82.55. The stock recorded $80.99 as its minimum price and hit the max level of $82.96, during its most recent trading session. It traded total volume of 96,057 shares lower than the average volume of 131.53K shares.

Moog Inc. (NYSE:MOG.A) (NYSE:MOG.B) declared recently financial results for the first quarter ended December 30, 2017.

Segment Results:

Total Aircraft Controls segment sales in the quarter were $279.0M, up 4% year over year. Commercial aircraft revenues increased 10%, to $154.0M. Sales of OEM products to Airbus increased 14%, driven by strong A350 sales. Boeing OEM product sales were mostly unchanged, at $61.0M. Commercial aftermarket sales increased 27%, to $34.0M, on strong A350 initial provisioning spares.

Military aircraft sales in the quarter were $124.0M, down 3% from a year ago. Military OEM sales were 2% higher, at $82.0M. Military aftermarket sales were down 10%, attributed to lower B-2 and V-22 activity, because of the timing of orders and deliveries.

In the quarter, Space and Defense segment sales were $133.0M, up 9% year over year. Defense sales were 11% higher on strong sales into military vehicle applications in the U.S and Europe. Space sales were 5% higher, partly because of increased sales of satellite avionics products.

Industrial System segment sales in the quarter were $216.0M, up 9% from last year. Sales were higher in the four major markets served with particularly strong sales in industrial automation. Higher simulation and test sales reflected increases in auto and aerospace test systems. Energy products were up on sales of exploration and power generation products. Medical sales were higher for various OEM components.

Consolidated 12-month backlog was $1.30B.

Fiscal 2018 Outlook:

The Company updated its projections for fiscal 2018.

  • Forecasted sales of $2.620B, up 5%, unchanged from 90 days ago;
  • Forecasted full-year operating margins of 11.0%, unchanged from 90 days ago;
  • Non-GAAP full-year adjusted diluted earnings per share of $4.10, plus or minus $0.20, unchanged from 90 days ago, apart from the impacts of the Tax Act;
  • GAAP forecasted range for full-year earnings per share is $3.43, plus or minus $0.20, counting the impacts of the Tax Act;
  • Forecast cash flow from operations, counting incremental accelerated pension contributions, of $180.0M;

MOG-A has the market capitalization of $2.94B and its EPS growth ratio for the past five years was 3.20%. The return on assets ratio of the Company was 3.70% while its return on investment ratio stands at 6.50%. Price to sales ratio was 1.16 while 96.10% of the stock was owned by institutional investors.

Louis Jensen

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