Moog Q2 record sales $837M but adjusted EPS -5%, free cash flow -$101M; cuts FY cash flow guidance

MOOG INC.

2023-Q2 EPS reported $2.79 revenue$1,596,895,000

Q2 net sales $837M (record, +9% YoY); diluted EPS $1.34, adjusted diluted EPS $1.42 (-5% YoY).
Adjusted free cash flow use of $101M (vs -$24M year ago) driven by working capital and capex including building purchase.
FY 2023 guidance: sales raised to $3.19B; adjusted EPS reaffirmed at $5.70; free cash flow cut to zero from $100M.
Aircraft Controls sales up 11% led by commercial OEM (+56%) and aftermarket (+21%); military aftermarket down 18%.
Board declared $0.27/share quarterly dividend (payable May 30); investor day scheduled for June 6 in NYC.

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 0.95

MOOG INC. reported second quarter 2023 results: revenue $837 million, EPS $1.34. Guidance reaffirmed.

Period: second quarter 2023
Revenue: $837 million
EPS: $1.34
Guidance: reaffirmed
Result: reported results

Exact text from the filing

financial results to reported results included in the financial statements herein for the quarters ended April 1, 2023 and April 2, 2022. Quarter Highlights ▪ Net sales were $837 million, an increase of 9% compared to the second quarter from a year ago, with increases across all three reporting segments. Excluding divestitures and foreign exchange impacts, sales

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Source: SEC EDGAR

accession 0000067887-23-000054

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