Moog Inc. (MOG.A) Tops Q1 EPS by 23c, Revenues Beat; Updated FY20 EPS/Revenue Mid-Point Guidance Below Consensus

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Go back to Moog Inc. (MOG.A) Tops Q1 EPS by 23c, Revenues Beat; Updated FY20 EPS/Revenue Mid-Point Guidance Below Consensus

Moog Announces Cash Dividend

January 24, 2020 8:00 AM EST

EAST AURORA, N.Y.--(BUSINESS WIRE)-- The Board of Directors of Moog Inc. (NYSE: MOGA and MOGB) has declared a quarterly dividend of $.25 per share on the Companys issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on March 2, 2020 to all shareholders of record as of the close of business on February 14, 2020.

The dividend represents a use of cash of approximately $9 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moogs Board of Directors.

Moog Inc. is a worldwide designer,... More

Moog Reports First Quarter Results

January 24, 2020 7:55 AM EST

EAST AURORA, N.Y.--(BUSINESS WIRE)-- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the first quarter ended December 28, 2019.

First Quarter Highlights

Sales of $755 million, up 11% from a year ago; Operating margins of 12.0% up from 11.7% a year ago; Effective tax rate of 25.2%; Diluted earnings per share of $1.44, up 18% from a year ago; $42 million cash flow from operating activities.

Segment Results

Total Aircraft Controls segment sales in the quarter were $340 million, up 12% year over year. Military aircraft sales... More