Moog Earns 71 Cents Per Share

We’re now in the back-end of earnings season. Moog (MOG-A) reported earnings of 71 cents per share for its fiscal fourth quarter which was one penny ahead of expectations:

Moog (NYSE: MOG.A, MOG.B) said Thursday that net earnings in the quarter climbed to $32.3 million, or 71 cents per share, compared to $15.2 million, or 35 cents per share, in the comparable period of 2009.

Sales increased 13 percent to $572 million versus $504.3 million year-over-year.

Aircraft sales of $202 million were up 14 percent from the same quarter last year. Space and defense sales were $89 million, up 28 percent from a year ago. Components group sales reached $90 million, slightly higher than last year, mostly due to stronger military aircraft deliveries and growth in industrial markets. The medical devices unit had fourth-quarter sales of $31 million, slightly higher than last year.

Full-year net earnings of $108 million were up 27 percent and earnings per share of $2.36 were up 19 percent compared to last year. Sales increased 14 percent to $2.11 billion.

“We’ll remember fiscal 2009 as the year of the great global recession and fiscal 2010 as the year of recovery,” said Robert Brady, chairman and CEO.

The company updated its guidance for 2011 with projected sales of $2.24 billion, net earnings of $124 million and earnings per share of $2.70.

Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components

One year ago, Moog said to expect EPS for this fiscal year (ending in September) between $2.15 and $2.35. They reiterated that in February. Then in May, Moog said to expect $2.35 per share, which they reiterated in July. In the end, they made $2.36 per share.

That’s almost all for our Buy List stocks that are on the March/June/September/December cycle.

Sysco (SYY) is due next week. One more is Leucadia National (LUK) but no one on Wall Street publishes estimates for them.

Posted by on November 4th, 2010 at 2:40 pm


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