NYSE$MOG-A

Moog Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Moog's financial performance reflected a mix of challenges and successes, with overall sales down but EPS up due to a pension curtailment gain.

Moog Inc. reported second-quarter results with sales of $736 million, a 4% decrease year-over-year. Diluted earnings per share increased by 2% to $1.51, including a $0.18 one-time pension curtailment gain. The company is reinstating guidance and expects full-year sales of $2.84 billion and diluted EPS of $5.00, plus or minus $0.20.

  • Sales decreased by 4% to $736 million compared to the previous year.
  • Diluted earnings per share increased by 2% to $1.51, including a one-time pension gain of $0.18.
  • Operating margins declined to 9.8% from 11.0% a year ago.
  • Cash flow from operating activities increased by 12% to $43 million.

Headline financials

Total Revenue

$736M

Previous: $765M-3.8%
EPS (adj)

$1.33

Previous: $1.48-10.1%
12-Month Backlog

$1.9B

Previous: $1.8B+5.6%
Capital Expenditures

-$58M

Previous: -$53.5M-8.5%
Free Cash Flow

-$9.33M

Previous: -$3.72M-151.0%
Net Income

$48.7M

Previous: $49.7M-2.1%
Operating Income

$72.5M

Previous: $84.1M-13.8%
Gross Profit

$200M

Previous: $208M-3.9%
Cash & Equivalents

$90.1M

Previous: $116M-22.3%
Total Assets

$3.41B

Previous: $3.38B+0.6%
Stock-Based Comp

$2.13M

Previous: $890K+139.0%

Revenue & EPS history

Moog · Revenue · Quarterly

$736M

Q2 2021-3.8%vs Q2 2020
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Revenue by segment

Moog · $495M total across 2 segments · Q4 2023

  • Industrial
    $254M+12.1%
  • Space & Defense
    $241M+10.9%

Forward guidance

Moog Inc. is reinstating guidance for fiscal year 2021, projecting sales of $2.84 billion and diluted earnings per share of $5.00, plus or minus $0.20.

Tailwinds

  • Full year sales of $2.84 billion.
  • Full year earnings per share of $5.00, plus or minus $0.20.
  • Full year operating margins of 9.9%.
  • Tax rate of 24.0%.
  • Cash flow from operating activities $302 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.3%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+4.7%

Avg return

30 days after

55%

38 / 69 earnings

Positive

+11.0%

Q4 2025

Best reaction

-22.0%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+2.3%-1.3%+4.2%
Q1 2026+6.1%+11.8%+17.2%
Q4 2025+11.0%+14.7%+24.7%
Q3 2025+3.5%+1.5%+7.3%
Q2 2025-0.2%-1.0%+6.7%
Q1 2025-15.6%-11.6%-18.0%
Q4 2024+3.9%+20.1%+17.3%
Q3 2024-10.9%-9.0%+4.0%
Q2 2024+3.4%+2.1%+10.7%
Q1 2024+2.4%-0.3%+8.0%
Q4 2023+11.0%+7.4%+18.5%
Q3 2023-4.8%-1.7%+2.9%
Q2 2023-0.6%+0.6%+7.1%
Q1 2023+3.3%+4.7%+8.0%
Q4 2022+5.6%+3.7%+7.1%
Q3 2022-0.3%-0.3%-8.3%
Q2 2022-6.8%-5.3%-4.2%
Q1 2022+4.5%+5.7%+11.2%
Q4 2021+5.7%+5.0%-10.0%
Q3 2021-6.6%-10.2%-4.2%
Q2 2021+1.3%+1.5%+5.6%
Q1 2021+3.7%+6.6%+7.2%
Q4 2020+9.5%+12.2%+26.5%
Q3 2020+0.2%+1.6%+10.0%
Q2 2020-4.2%+4.7%-1.5%
Q1 2020-3.7%-0.7%-6.5%
Q4 2019+4.4%+3.6%+2.6%
Q3 2019-12.6%-14.2%-15.1%
Q2 2019-2.3%-4.3%-11.8%
Q1 2019+5.3%+8.3%+20.2%
Q4 2018+9.5%+11.7%+16.8%
Q3 2018-11.0%-8.2%-1.5%
Q2 2018+0.9%+0.9%+2.3%
Q1 2018+0.9%-0.1%-5.6%
Q4 2017-3.9%-4.9%-4.9%
Q3 2017+0.6%-0.6%-0.1%
Q2 2017+0.1%-0.4%+2.2%
Q1 2017+3.7%+3.1%+3.4%
Q4 2016+0.4%+12.0%+20.7%
Q3 2016+4.5%+5.4%+9.5%
Q2 2016+8.7%
Q1 2016-22.0%
Q4 2015+1.2%
Q3 2015-0.2%
Q2 2015-4.3%
Q1 2015-5.2%
Q4 2014+2.7%
Q3 2014-6.2%
Q2 2014+3.0%
Q1 2014-10.3%
Q4 2013+0.6%
Q3 2013-0.8%
Q2 2013-1.0%
Q1 2013-2.6%
Q2 2012+0.4%
Q4 2012+0.7%
Q3 2012+3.3%
Q1 2012-0.2%
Q2 2011+5.5%
Q4 2011+5.5%
Q3 2011-2.5%
Q1 2010-0.6%
Q1 2011-0.6%
Q4 2010+6.6%
Q4 2008+6.6%
Q3 2009-8.4%
Q4 2009-8.4%
Q3 2010-8.4%
Q2 2010-8.4%

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