MOOG INC Reports Third Quarter Earnings Results for FY2023
August 12, 2023
🌥️Earnings Overview
MOOG INC ($NYSE:MOG.A) reported their financial results for the third quarter of FY2023, which ended on June 30 2023. Total revenue during this quarter was USD 850.2 million, a 10.0% increase from the same quarter a year ago. However, net income dropped by 15.9% year over year, amounting to USD 42.4 million.
Stock Price
The company’s stock opened at $111.8 and closed at $99.8, which was a 9.9% drop from its previous closing price of 110.8. The company’s earnings and revenue were both lower than expected for the quarter, leading to a significant drop in the stock price. Despite the lower earnings results, MOOG INC still managed to outperform its competitors in some areas. The company reported a higher return on assets and equity, as well as lower debt levels compared to other companies in the industry. Additionally, the company is still on track to meet its full-year guidance, with analysts expecting MOOG INC to report a slight increase in revenues and profits in the coming quarters. Overall, investors were disappointed with MOOG INC’s third quarter earnings results, leading to a steep decline in the company’s stock price on Friday.
However, the long-term outlook for the company remains positive, as analysts are confident that MOOG INC will be able to post stronger numbers in the near future. 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
At GoodWhale, we help investors make smarter decisions by providing reliable and comprehensive financial data. We recently analyzed MOOG INC‘s fundamentals and found that they have a medium risk rating in terms of financial and business aspects. This means that investing in MOOG INC may bring about a moderate level of risk. However, our system has detected 1 risk warnings in MOOG INC’s balance sheet. If you are a registered user, you can log in to view the details of this warning. With GoodWhale’s help, you’ll be able to make wise decisions when it comes to investing in MOOG INC. 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 their earnings results for the third quarter of FY2023. Total revenue for the quarter increased by 10.0% year over year to USD 850.2 million, however, net income decreased by 15.9% to USD 42.4 million. This decrease in net income caused the company’s stock price to move down the same day, leading to investors to reevaluate their prospects in the company.
While revenue growth was positive, investors may be concerned with the decrease in net income and how it will affect the company’s future. Analysts may be cautious when considering investing in MOOG Inc, as they examine the company’s performance and financials in more detail.
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