NYSE$MOG-A

Moog Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Moog's Q4 2020 earnings were impacted by pandemic-related charges and a pension settlement charge, resulting in a GAAP diluted loss per share. However, non-GAAP adjusted earnings per share were positive, and the company generated strong cash flow from operating activities.

Moog Inc. reported Q4 2020 sales of $707 million, an 8% decrease year-over-year. The GAAP diluted loss per share was ($2.40), which included pandemic-related charges and a non-cash pension settlement charge. Non-GAAP adjusted earnings per share were $0.81. The company's operating margins were 6.1%, with adjusted operating margins of 8.3%. Cash flow from operating activities was $91 million.

  • Sales decreased by 8% compared to the previous year, totaling $707 million.
  • GAAP diluted loss per share was ($2.40), impacted by pandemic-related charges and a pension settlement.
  • Non-GAAP adjusted earnings per share reached $0.81.
  • Generated $91 million in cash flow from operating activities.

Headline financials

Total Revenue

$707M

Previous: $765M-7.6%
EPS (adj)

$0.81

Previous: $1.31-38.2%
12-Month Backlog

$1.7B

No prior period
Capital Expenditures

$17.9M

Previous: $27.3M-34.7%
Free Cash Flow

$73.5M

Previous: $25M+194.0%
Net Income

-$78M

Previous: $45.9M-270.1%
Operating Income

$43.4M

Previous: $70.3M-38.2%
Gross Profit

$172M

Previous: $207M-16.7%
Cash & Equivalents

$84.6M

Previous: $89.7M-5.7%
Total Assets

$3.23B

Previous: $3.11B+3.6%
Stock-Based Comp

$1M

Previous: $1.33M-25.0%

Revenue & EPS history

Moog · Revenue · Quarterly

$707M

Q4 2020-7.6%vs Q4 2019
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Revenue by segment

Moog · $432M total across 2 segments · Q4 2020

  • Industrial
    $225M
  • Space & Defense
    $207M

Forward guidance

Given the considerable uncertainty around the extent and duration of business disruptions related to the pandemic, the Company is not providing guidance for fiscal year 2021.

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 Q4 2020

Historical avgQ4 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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