Moog Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended September 30, 2023
November 03, 2023 at 08:34 am EDT
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Moog Inc. reported earnings results for the fourth quarter and full year ended September 30, 2023. For the fourth quarter, the company reported sales was USD 872.05 million compared to USD 768 million a year ago. Net income was USD 39.58 million compared to USD 29.42 million a year ago. Basic earnings per share from continuing operations was USD 1.24 compared to USD 0.92 a year ago. Diluted earnings per share from continuing operations was USD 1.23 compared to USD 0.92 a year ago.
For the full year, sales was USD 3,319.12 million compared to USD 3,035.78 million a year ago. Net income was USD 171 million compared to USD 155.18 million a year ago. Basic earnings per share from continuing operations was USD 5.37 compared to USD 4.85 a year ago. Diluted earnings per share from continuing operations was USD 5.34 compared to USD 4.83 a year ago.
Moog Inc. is a worldwide designer, manufacturer and systems integrator of precision motion and fluid controls and controls systems. The Company operates through four segments: Space and Defense, Military Aircraft, Commercial Aircraft and Industrial. Within the aerospace and defense market, its products and systems include primary and secondary flight controls and components for military aircraft, turreted weapon systems, tactical and strategic missile steering controls and various defense product components; primary and secondary flight controls and components for commercial aircraft; and satellite avionics, positioning controls and components, launcher thrust vector controls and components, as well as integrated space vehicles. In the industrial market, its products are used in a wide range of applications, including heavy industrial machinery used for metal forming and pressing, flight simulation motion control systems, energy exploration and generation products, and others.
MOOG INC. 
