NYSE$MOG-A

Moog Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Moog reported a decrease in sales and a GAAP diluted loss per share, but demonstrated strength in underlying operations and diversity across markets.

Moog Inc. reported third-quarter results with sales of $658 million, an 11% decrease year-over-year. The company experienced a GAAP diluted loss per share of ($0.44), which included $1.37 per share in pandemic-related charges, but a non-GAAP adjusted earnings per share of $0.93. Despite challenges, the underlying operations performed well, and the company's diversity across markets and strong balance sheet were key to navigating the current environment.

  • Sales decreased by 11% to $658 million compared to the previous year.
  • GAAP diluted loss per share was ($0.44), including $1.37 per share in pandemic-related charges.
  • Non-GAAP adjusted earnings per share were $0.93.
  • Operating margins were (0.7%), with adjusted operating margins of 8.2%.

Headline financials

Total Revenue

$658M

Previous: $741M-11.3%
EPS (adj)

$0.93

Previous: $1.35-31.1%
12-Month Backlog

$1.7B

Previous: $1.7B+0.0%
Capital Expenditures

-$70.4M

Previous: -$91.1M+22.7%
Free Cash Flow

-$83M

Previous: -$43.6M-90.3%
Net Income

-$12.6M

Previous: $47.5M-126.5%
Operating Income

-$1.86M

Previous: $84.1M-102.2%
Gross Profit

$152M

Previous: $212M-28.5%
Cash & Equivalents

$102M

Previous: $89M+14.9%
Total Assets

$3.25B

Previous: $3.07B+6.1%
Stock-Based Comp

$1.39M

Previous: $1.44M-3.4%

Revenue & EPS history

Moog · Revenue · Quarterly

$658M

Q3 2020-11.3%vs Q3 2019
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Revenue by segment

Moog · $408M total across 2 segments · Q3 2020

  • Industrial
    $224M-3.0%
  • Space & Defense
    $184M+6.3%

Forward guidance

Due to the uncertainty surrounding the extent and duration of business disruptions related to the pandemic, the Company suspended its previously provided fiscal year 2020 guidance.

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 Q3 2020

Historical avgQ3 2020

-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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