MOOG INC Reports Q3 Earnings Results for Fiscal Year 2023
August 18, 2023
🌥️Earnings Overview
On July 28, 2023, MOOG INC ($NYSE:MOG.A) announced earnings results for the third quarter of the 2023 fiscal year, which ended on June 30, 2023. Total revenue for the quarter was USD 850.2 million, representing a 10.0% increase from the same quarter in the previous year. However, net income fell 15.9% to USD 42.4 million compared to the same quarter in the prior year.
Price History
The stock opened at $111.8 but closed the day at $99.8 – a drop of 9.9% from its previous closing price of 110.8. This significant drop in price caused many investors to rethink their strategies when it comes to this particular company. Analysts were quick to point out that MOOG INC had seen an increase in sales and profits in fiscal year 2022, suggesting that the current drop in stock price may not be reflective of the company’s performance in the long run.
Additionally, MOOG INC’s current debt-to-equity ratio has dropped significantly over the last several quarters, indicating improved financial health for the company overall. This sharp decline in stock price has caused many investors to reevaluate their portfolios and potentially look for better returns elsewhere. Furthermore, it has cast doubt on MOOG INC’s ability to achieve its previously projected targets for the current fiscal year. It remains to be seen how this news will affect the company’s performance and profitability moving forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Moog Inc. More…
| Total Revenues | Net Income | Net Margin |
| 3.22k | 160.83 | 5.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Moog Inc. More…
| Operations | Investing | Financing |
| 45.44 | -111.95 | 96.18 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Moog Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.88k | 2.26k | 50.82 |
Key Ratios Snapshot
Some of the financial key ratios for Moog Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.0% | 3.6% | 8.3% |
| FCF Margin | ROE | ROA |
| -3.5% | 10.4% | 4.3% |
Analysis
GoodWhale has conducted an analysis of MOOG INC‘s fundamentals, and has determined that it is a medium risk investment. This means that it is neither excessively high nor low in terms of financial and business aspects. Through our analysis, we have detected 1 risk warning in balance sheet which may influence the decision to invest. To view the risk warning and explore more of our analysis, you can register on goodwhale.com. More…
Peers
It is based in the United States and its main competitors are BAE Systems PLC, Dassault Aviation SA and Lisi SA.
– BAE Systems PLC ($LSE:BA.)
BAE Systems is a British multinational defence, security, and aerospace company. The company has a market capitalization of 22.13 billion as of 2022 and a return on equity of 13.64%. The company specializes in the design, development, and manufacture of military aircraft, surface ships, submarines, radar, and electronics.
– Dassault Aviation SA ($LTS:0IAX)
Dassault Aviation SA is a French aerospace company that specializes in the design, development, manufacture, and sale of business jets, as well as military aircraft. The company has a market cap of 11.62B as of 2022 and a return on equity of 9.29%. Dassault Aviation was founded in 1929 by Marcel Dassault. The company is headquartered in Saint-Cloud, France.
– Lisi SA ($OTCPK:LSIIF)
Lisi SA is a French manufacturer of automotive parts and systems. The company has a market capitalization of 1.18 billion as of 2022 and a return on equity of 4.41 percent. The company’s products include engine components, suspension systems, and braking systems. Lisi SA also manufactures a variety of other automotive parts and systems, including electrical and electronic systems, bodywork components, and interior trim.
Summary
MOOG Inc reported its third quarter earnings for the fiscal year 2023, ending June 30, with total revenue of USD 850.2 million, a 10.0% increase compared to the same quarter last year. Net income decreased by 15.9%, with reported income of USD 42.4 million. Despite the increase in revenue, investors reacted negatively to the news, with the stock price dropping the same day.
For investors wanting to stay up-to-date on the company’s performance, it is important to keep track of earnings reports and ensure that they are meeting expectations. Long-term investors should also keep an eye on costs, and any major changes in revenue or expenses.
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