Moog Q2 adjusted EPS $1.49 (+12% YoY); sales $771M (+5%); backlog up 17% to $2.3B

MOOG INC.

2022-Q2 EPS reported $2.34 revenue$1,494,873,000

GAAP diluted EPS of $0.91 included $0.59 in restructuring/impairment charges; adjusted EPS of $1.49, up 12% YoY.
Sales of $771M were up 5% YoY; Aircraft Controls +2%, Space & Defense +8%, Industrial Systems +10%.
Backlog of $2.3B, up 17% from prior year, driven by strong demand across segments.
FY2022 outlook: sales $3.0B, adjusted EPS $5.50, adjusted cash flow $228M; GAAP EPS $5.24.
Board declared $0.26 quarterly dividend, payable May 31, 2022 to holders of record May 13, 2022.

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