NYSE$MOG-A

Moog Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Moog's third quarter results were announced, revealing a sales increase and strong earnings per share growth.

Moog Inc. reported a 9% increase in sales to $773 million for the third quarter ended July 2, 2022. GAAP diluted earnings per share were $1.57, including $0.03 per share in restructuring and impairment charges. Non-GAAP diluted adjusted earnings per share were $1.61, up 44% year-over-year. The company forecasts sales of $3.0 billion for fiscal year 2022.

  • Sales increased by 9% year-over-year, reaching $773 million.
  • GAAP diluted earnings per share were $1.57, which included $0.03 per share in restructuring and impairment charges.
  • Non-GAAP diluted adjusted earnings per share increased by 44% year-over-year to $1.61.
  • Consolidated 12-month backlog was $2.2 billion, up 10% from a year ago.

Headline financials

Total Revenue

$773M

Previous: $707M+9.3%
EPS (adj)

$1.61

Previous: $1.12+43.7%
12-Month Backlog

$2.2B

Previous: $2B+10.0%
Capital Expenditures

-$107M

Previous: -$88.6M-20.5%
Free Cash Flow

-$56.3M

Previous: -$52.5M-7.3%
Net Income

$50.4M

Previous: $36.1M+39.6%
Operating Income

$79.3M

Previous: $64.9M+22.2%
Gross Profit

$212M

Previous: $191M+11.1%
Cash & Equivalents

$93.9M

Previous: $90.6M+3.7%
Total Assets

$3.44B

Previous: $3.38B+1.6%
Stock-Based Comp

$2.17M

Previous: $1.79M+21.1%

Revenue & EPS history

Moog · Revenue · Quarterly

$773M

Q3 2022+9.3%vs Q3 2021
Beat estimate in 11 of 13 quarters(85%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

The company updated its fiscal 2022 projections and adjusted figures provided 90 days ago.

Tailwinds

  • Forecasted sales of $3.0 billion, unchanged from 90 days ago.
  • Forecasted GAAP diluted earnings per share of $5.36, and adjusted diluted earnings per share of $5.65, both plus or minus $0.15.
  • Forecasted GAAP operating margins of 9.9% and adjusted operating margins of 10.3%.
  • Forecasted cash flow from operating activities of $276 million and adjusted cash flow from operating activities of $176 million.
  • Forecasted GAAP effective tax rate of 22.3%.

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 2022

Historical avgQ3 2022

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro