8-K
filed November 3, 2023, 7:59 PM ET
ticker MOG-A
CIK 0000067887
earnings
confidence high
sentiment positive
materiality 0.75
Moog reports record FY2023 sales $3.32B (+9%); Q4 EPS $1.23; guides FY2024 EPS $6.80
MOOG INC.
2023-FY EPS reported
$5.34
revenue$3,319,122,000
- FY2023 net sales $3.319B (record), up 9% YoY; Q4 sales $872M (+14%) with double-digit growth in all segments.
- Adjusted diluted EPS FY2023 $6.15 (+11%); Q4 $2.10 (+54%); adjusted operating margin expanded 70 bps to 10.9%.
- FY2024 guidance: net sales ~$3.45B, operating margin 12.0%, diluted EPS $6.80 (+27% vs FY2023 reported $5.34).
- Q4 free cash flow $105M (vs $19M prior year); FY2023 free cash flow negative $37M due to inventory build.
- Quarterly dividend declared $0.27/share, payable Dec 8, 2023 to holders of record Nov 22, 2023 (unchanged from prior).
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.6
MOOG INC. reported fiscal year ended September 30, 2023 results: revenue $3,319, net income $5.34, EPS $5.34.
- Period
- fiscal year ended September 30, 2023
- Revenue
- $3,319
- Net income
- $5.34
- EPS
- $5.34
- Result
- reported results
Exact text from the filing
per share of $6.15. (in millions, except per share results) Three Months Ended Twelve Months Ended Q4 2023 Q4 2022 Deltas Q4 2023 Q4 2022 Deltas Net sales $ 872 $ 768 14 % $ 3,319 $ 3,036 9 % Operating margin 10.1 % 8.6 % 150 bps 10.3 % 9.3 % 100 bps Adjusted operating margin 12.5 % 10.4 % 210 bps 10.9 % 10.2 % 70 bps Diluted net earnings per share $ 1.23 $
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.65
MOOG INC. reported fiscal year 2024 results: revenue $3,450, EPS $6.80. Guidance initiated.
- Period
- fiscal year 2024
- Revenue
- $3,450
- EPS
- $6.80
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
operating margin will expand by over 100 basis points and earnings per share will increase over 10%." (in millions, except per share results) FY 2024 Guidance Initial Net sales $ 3,450 Operating margin 12.0 % Diluted net earnings per share $ 6.80 Earnings per share figures are forecasted to be within range of +/- $0.20. Exhibit 99.1 Conference call information
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.6
MOOG INC. reported quarter ended September 30, 2023 results: revenue $872, net income $1.23, EPS $1.23.
- Period
- quarter ended September 30, 2023
- Revenue
- $872
- Net income
- $1.23
- EPS
- $1.23
- Result
- reported results
Exact text from the filing
diluted earnings per share of $6.15. (in millions, except per share results) Three Months Ended Twelve Months Ended Q4 2023 Q4 2022 Deltas Q4 2023 Q4 2022 Deltas Net sales $ 872 $ 768 14 % $ 3,319 $ 3,036 9 % Operating margin 10.1 % 8.6 % 150 bps 10.3 % 9.3 % 100 bps Adjusted operating margin 12.5 % 10.4 % 210 bps 10.9 % 10.2 % 70 bps Diluted net earnings
View on SEC.gov
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