Moog Q1 net sales $760M (+5% YoY); adj. EPS $1.25 (+14%); dividend raised 4% to $0.27

MOOG INC.

2023-Q1 EPS reported $1.44 revenue$760,103,000

Adjusted operating margin 10.4%, up 130 bps YoY; gain on sale of buildings contributed 100 bps.
Industrial Systems sales up 17% ex-FX/divestitures; Aircraft Controls commercial aftermarket strong.
Consolidated backlog $2.3B, +8% YoY; FY2023 adj. EPS guidance reaffirmed at $5.70.
Free cash flow guidance lowered to $100M due to R&D amortization law change; Q1 FCF -$22M.
Quarterly dividend increased 4% to $0.27/share, payable March 6, 2023 (record Feb 17).

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

MOOG INC. reported first quarter 2023 results: revenue $760 million, EPS $1.44. Guidance reaffirmed.

Period: first quarter 2023
Revenue: $760 million
EPS: $1.44
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Operating margin in the first quarter of 2023 includes 100 basis points of adjustments, primarily associated with gain on sale of buildings. Quarter Highlights ▪ Net sales were $760 million in the first quarter of 2023, an increase of 5% compared to the first quarter of 2022, reflecting higher sales across all three segments. Net sales increased 9% excluding the

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MOOG INC. filing history →

Source: SEC EDGAR

accession 0000067887-23-000012

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