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alt="Background Image" class="lazy is-bg-img" style="object-position: center center;" draggable="auto"/> </picture> <div class="tint"></div> <section class="Section fullWidthContainer-content u-padding-thick-vertical u-limit-width-false u-align-inherit "> <div class="fw-section-container-v2 fw-normal-section-v2"> <div class="fw-section-container-v2--txt-content"> <h1 class="fw-section-container-v2--txt-content__heading"> News & Events </h1> <div class="fw-section-container-v2--txt-content__main"> <p>Stay up to date with the most recent news, corporate press releases, blogs, articles found in publications, and tradeshows.</p> </div> </div> <div class="wrapper"> <div class="verticalSpacer"><div class="Vertical_Height Vertical_Height--slim"> </div></div> </div> </div> </section> </div> </div> <div class="verticalSpacer section"><div class="Vertical_Height Vertical_Height--slim"> </div></div> <div class="dynamicTabs base-templates section"> <div class="dynamic-tabs-component container 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<span class="mx-1 mx-md-0">Articles in the News</span> </a> </li> <li class="tab-item py-2 px-0 p-md-0 pl-md-3 "> <a class="tab-link text-center" href="https://www.moog.com/news.blogs.html"> <span class="mx-1 mx-md-0">Blogs</span> </a> </li> </ul> </div> <div class="row"> <div class="tab-content col-12 mt-3"> <div class="news-aggregator base-templates"> <div class="news-aggregator-component container" data-pagination-enabled data-limit="10" data-results="[{"articleTitle":"Moog Inc. Reports Strong Performance for Fourth Quarter 2024 and Issues Positive Guidance for Fiscal 2025 ","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and control systems, today reported strong fiscal fourth quarter 2024 results that marked another record year.","description":"\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and control systems, today reported strong fiscal fourth quarter 2024 results that marked another record year.\u003c/p\u003e\r\n\u003cp\u003e\u0026quot;Our fourth quarter was strong, bringing to a close an exceptional year with record sales and expanded margins,\u0026quot; said Pat Roche, CEO. \u0026quot;Our performance reflects the success in pricing and simplification initiatives that continue to build momentum into 2025, with stronger sales, expanded margin and improved cash flow generation.\u0026quot;\u003c/p\u003e\r\n\u003ctable border\u003d\"1\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"646\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"223\" valign\u003d\"bottom\"\u003e\u003cp\u003e(in millions, except per share results)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"198\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eThree Months Ended\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"225\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eTwelve Months Ended\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"223\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eQ4 2024\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eQ4 2023\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eDeltas\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eQ4 2024\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eQ4 2023\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eDeltas\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"223\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet sales\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 917\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 872\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e5 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 3,609\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 3,319\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e9 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"223\" valign\u003d\"bottom\"\u003e\u003cp\u003eOperating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e9.1 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e10.1 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e(100 bps)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e11.0\u0026nbsp; %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e10.3 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e70 bps\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"223\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted operating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e12.5 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e12.5 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e0 bps\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e12.4 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e10.9 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e150 bps\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"223\" valign\u003d\"bottom\"\u003e\u003cp\u003eDiluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 1.33\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 1.23\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e8 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 6.40\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 5.34\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e20 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"223\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted diluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 2.16\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 2.10\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e3 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 7.80\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 6.15\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e27 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"223\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet cash provided by operating activities\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 156\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 153\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 3\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 202\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 136\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 66\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"223\" valign\u003d\"bottom\"\u003e\u003cp\u003eFree cash flow\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 109\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 105\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"66\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 5\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 21\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ (37)\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"75\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 59\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"646\" colspan\u003d\"7\" valign\u003d\"top\"\u003e\u003cp\u003eSee the reconciliations of adjusted financial results and free cash flow to reported results included in the financial statements herein for the periods ended September 28, 2024 and September 30, 2023.\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eQuarter Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eNet sales increased driven by growth in defense businesses.\u003c/li\u003e\r\n\u003cli\u003eOperating margin declined due to higher levels of charges related to simplification initiatives.\u003c/li\u003e\r\n\u003cli\u003eAdjusted operating margin improved within Military Aircraft, Industrial and Space and Defense, while Commercial Aircraft declined from a strong quarter a year ago.\u003c/li\u003e\r\n\u003cli\u003eDiluted net earnings per share increased due to improved operational performance, partially offset by the net of prior and current year one-time charges and benefits.\u003c/li\u003e\r\n\u003cli\u003eAdjusted diluted net earnings per share increased due to incremental profit from higher sales and the benefit of capitalizing interest, partially offset by the absence of last year\u0027s favorable litigation settlement.\u003c/li\u003e\r\n\u003cli\u003eTwelve-month backlog increased 3%, reaching a record level of $2.5 billion.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eYear Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eNet sales increased due to higher demand across our aerospace and defense businesses.\u003c/li\u003e\r\n\u003cli\u003eOperating margin increased within Space and Defense and Military Aircraft, while Industrial and Commercial Aircraft declined.\u003c/li\u003e\r\n\u003cli\u003eAdjusted operating margin expanded in Military Aircraft, Space and Defense and Industrial reflecting the benefits of pricing and simplification initiatives, while Commercial Aircraft declined from a strong prior year.\u003c/li\u003e\r\n\u003cli\u003eDiluted net earnings per share increased due to largely the same factors as the fourth quarter.\u003c/li\u003e\r\n\u003cli\u003eAdjusted diluted net earnings per share increased driven by operating margin expansion and incremental profit from higher sales.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eQuarter Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026quot;We had a great quarter,\u0026quot; said Jennifer Walter, CFO. \u0026quot;Sales were very strong, adjusted operating margin was robust and on plan, and adjusted earnings per share exceeded the high end of our guidance range. In addition, we generated a substantial amount of free cash flow.\u0026quot;\u003c/p\u003e\r\n\u003cp\u003eSales in the fourth quarter of 2024 increased compared to the fourth quarter of 2023, with notable growth in Military Aircraft and Space and Defense. Military Aircraft sales increased 17% to $216 million due to the ramp of the FLRAA and other production programs. Space and Defense sales increased 9% to $263 million driven by strong European defense demand and launch vehicle activity. Commercial Aircraft sales increased 2% to $197 million due to increased production volume, muted by the absence of last year\u0027s retroactive pricing benefit and inventory sale from exiting a mature product line. Industrial segment sales decreased 5% to $242 million due to a slowdown in orders for industrial automation applications, partially offset by higher medical product and automotive test business demand.\u003c/p\u003e\r\n\u003cp\u003eOperating margin decreased 100 basis points to 9.1% in the fourth quarter of 2024 compared to the fourth quarter of 2023. Commercial Aircraft operating margin declined 680 basis points to 11.0%, driven by the absence of last year\u0027s benefits. Operating margins in Space and Defense and in Industrial declined 200 basis points and 130 basis points, respectively, due to incremental charges related to simplification initiatives. Military Aircraft operating margin improved 590 basis points to 11.8%, driven by reduced research and development expense, improved sales mix and cost absorption on the FLRAA program.\u003c/p\u003e\r\n\u003cp\u003eAdjusted operating margin in the fourth quarter of 2024 was unchanged at 12.5% compared to the fourth quarter of 2023. We incurred charges primarily in Industrial and in Space and Defense. Adjusted operating margin in Industrial increased 90 basis points to 12.8% as the benefits of pricing more than offset an unfavorable sales mix and planned product transfers. Adjusted operating margin in Space and Defense increased 70 basis points to 13.5% associated with improved performance across the business.\u003c/p\u003e\r\n\u003cp\u003eNon-operating expenses in the fourth quarter of 2024 declined compared to the fourth quarter of 2023. The fourth quarter of 2024 included a $10 million adjustment to capitalize interest for 2023 and 2024. Non-operating expenses in the fourth quarter of 2023 included a pension settlement charge and a favorable litigation settlement.\u003c/p\u003e\r\n\u003cp\u003eFree cash flow in the fourth quarter was driven by strong customer collections and by timing of vendor payments.\u003cb\u003e\u003cu\u003e\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eYear Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eSales in 2024 increased compared to 2023 with notable growth in Commercial Aircraft, Military Aircraft and Space and Defense. Commercial Aircraft sales increased 18% to $788 million due to increased production ramps on widebody, narrowbody and business jet programs. Military Aircraft sales increased 13% to $812 million due largely to having a full year\u0027s worth FLRAA sales. Space and Defense sales increased 7% to $1 billion due to strong, broad-based, defense demand. Industrial sales increased slightly at 1% to $991 million, as softening industrial automation sales were compensated by growth in other sub-markets.\u003c/p\u003e\r\n\u003cp\u003eOperating margin in 2024 increased compared to 2023, reflecting the benefits of pricing and simplification efforts, partially offset by higher amounts of charges related to simplifying our operations. Operating margin increased in Space and Defense and Military Aircraft, while Commercial Aircraft operating margin decreased, all due to the same factors as the fourth quarter. Also, Industrial operating margin decreased due to higher amounts of simplification charges.\u003c/p\u003e\r\n\u003cp\u003eAdjusted operating margin increased in 2024 compared to 2023, inclusive of a 40 basis-point contribution from the Employee Retention Credit, and increased in all of our segments except for Commercial Aircraft. Adjusted operating margin in Military Aircraft increased 300 basis points to 12.0% due to cost absorption on the FLRAA program and due to lower research and development expense. Adjusted operating margin in Space and Defense increased 290 basis points to 13.4% due to strong operational performance, including improved performance on space vehicle programs. Adjusted operating margin in Industrial increased 90 basis points to 12.4% due largely to pricing initiatives. Adjusted operating margin in Commercial Aircraft decreased 90 basis points to 11.8% due to the absence of the prior year\u0027s one-time benefits, partially offset by efficiencies from the current year\u0027s higher production sales volume.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e2025 Financial Guidance\u003c/b\u003e\u003c/p\u003e\r\n\u003ctable border\u003d\"1\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"672\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003e(in millions, except per share results)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eFY 2025\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eFY 2024\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet sales\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 3,700\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 3,609\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003eOperating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e13.0 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e11.0\u0026nbsp; %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted operating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e13.0 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e12.4 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003eDiluted net earnings per share*\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 8.20\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 6.40\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted diluted net earnings per share*\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 8.20\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 7.80\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003eFree cash flow conversion\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e50 - 75%\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e8 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"672\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e*Diluted net earnings per share figures for 2025 are forecasted to be within range of +/- $0.20.\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003cp\u003eWhen the company provides adjusted, non-GAAP figures on a forward-looking basis,\u0026nbsp;a reconciliation of the differences between the non-GAAP expectations and the corresponding GAAP measures generally is not available without unreasonable effort.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eConference call information\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Pat Roche, CEO, and Jennifer Walter, CFO, will host a conference call today beginning at 10:00 a.m. ET, which will be simultaneously broadcast live online. Listeners can access the call and supplemental financial materials at www.moog.com/investors/communications.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which can be identified by words such as: “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume,” “assume” and other words and terms of similar meaning (including their negative counterparts or other various or comparable terminology). These forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995, are neither historical facts nor guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements.\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eAlthough it is not possible to create a comprehensive list of all factors that may cause our actual results to differ from the results expressed or implied by our forward-looking statements or that may affect our future results, some of these factors and other risks and uncertainties are described in Item 1A “Risk Factors” of our Annual Report on Form 10-K and in our other periodic filings with the Securities and Exchange Commission (“SEC”) and include, but are not limited to, risks relating to: (i) our operation in highly competitive markets with competitors who may have greater resources than we possess; (ii) our operation in cyclical markets that are sensitive to domestic and foreign economic conditions and events; (iii) our heavy dependence on government contracts that may not be fully funded or may be terminated; (iv) supply chain constraints and inflationary impacts on prices for raw materials and components used in our products; (v) failure of our subcontractors or suppliers to perform their contractual obligations; and (vi) our accounting estimations for over-time contracts and any changes we need to make thereto. You should evaluate all forward-looking statements made in this press release in the context of these risks and uncertainties.\u003cu\u003e\u003c/u\u003e\u003c/p\u003e\r\n\u003cp\u003eWhile we believe we have identified and discussed in our SEC filings the material risks affecting our business, there may be additional factors, risks and uncertainties not currently known to us or that we currently consider immaterial that may affect the forward-looking statements we make herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. Any forward-looking statement speaks only as of the date on which it is made, and we disclaim any obligation to update any forward-looking statement made in this press release, except as required by applicable law.\u003cu\u003e\u003c/u\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003ca href\u003d\"/content/dam/moog/literature/Corporate/Investors/press-releases-pdf/2024/q4/Moog%20Inc.%20Reports%20Strong%20Performance%20for%20Fourth%20Quarter%202024.pdf\" target\u003d\"_blank\"\u003e\u003cu\u003e\u003cb\u003e(For further details please use this link to our print-optimized PDF version)\u003c/b\u003e\u003c/u\u003e\u003c/a\u003e\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2024-11-01T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2024/moog-reports-fourth-quarter-results-2024.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. to Announce Fiscal 2024 Fourth Quarter and Full Year Earnings Webcast on November 1, 2024","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its fourth quarter fiscal 2024 earnings on Friday, November 1, 2024. In conjunction with this release, Pat Roche, CEO, and Jennifer Walter, CFO, will host a conference call beginning at 10:00 a.m. ET, which will be ","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its fourth quarter fiscal 2024 earnings on Friday, November 1, 2024. In conjunction with this release, Pat Roche, CEO, and Jennifer Walter, CFO, will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live online.\u003c/p\u003e\r\n\u003cp\u003eListeners can access the conference call live or in replay mode at http://\u003ca href\u003d\"http://www.moog.com/investors/events-presentations\"\u003e\u003cu\u003ewww.moog.com/investors/events-presentations\u003c/u\u003e\u003c/a\u003e/. Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003c/p\u003e\r\n\u003cp\u003eSupplemental material will be available on the website approximately 90 minutes prior to the call and will be archived for 45 days.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog is a worldwide designer, manufacturer, and systems integrator of high-performance precision motion and fluid controls and controls systems. Moog’s high-performance systems control military and commercial aircraft, satellites, and space vehicles, launch vehicles, defense systems, missiles, automated industrial machinery, marine and medical equipment. Additional information about the Company can be found at \u003ca href\u003d\"http://www.moog.com/\"\u003e\u003cu\u003ewww.moog.com\u003c/u\u003e\u003c/a\u003e.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2024-10-17T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2024/moog-announces-fourth-quarter-earning-webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. to Participate at Morgan Stanley’s 12th Annual Laguna Conference ","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) announced today that Pat Roche, CEO, and Jennifer Walter, CFO, will participate in a fireside chat at Morgan Stanley’s 12th Annual Laguna Conference on Thursday, September 12th, 2024 at 3:50 p.m. ET. ","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) announced today that Pat Roche, CEO, and Jennifer Walter, CFO, will participate in a fireside chat at Morgan Stanley’s 12\u003csup\u003eth\u003c/sup\u003e Annual Laguna Conference on Thursday, \u003ca name\u003d\"_Hlk174462491\" id\u003d\"_Hlk174462491\"\u003e\u003c/a\u003eSeptember 12th, 2024 at 3:50 p.m. ET. A live audio webcast of the event will be available on the Moog Investor Relations website at \u003ca href\u003d\"https://www.moog.com/investors/events-presentations.html#events\"\u003ehttps://www.moog.com/investors/events-presentations.html#events\u003c/a\u003e. A replay of the webcast will be available following the discussion and will be archived on the website for 30 days.\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc\u003c/b\u003e\u003cbr\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003eMoog is a worldwide designer, manufacturer, and systems integrator of high-performance precision motion and fluid controls and controls systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the Company can be found at \u003ca href\u003d\"http://www.moog.com/\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2024-08-29T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2024/moog-stanley-conference-2024.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. to Present at Gabelli’s 30th Annual Aerospace \u0026 Defense Symposium","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) announced today that Pat Roche, CEO, and Jennifer Walter,\r\nCFO, will present at Gabelli’s 30th Annual Aerospace \u0026 Defense Symposium on Thursday, September 5, 2024 at 8:00\r\na.m. ET.","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) announced today that Pat Roche, CEO, and Jennifer Walter, CFO, will present at Gabelli’s 30th Annual Aerospace \u0026amp; Defense Symposium on Thursday, September 5, 2024 at 8:00 a.m. ET.\u003c/p\u003e\r\n\u003cp\u003eThe presentation will be available via live streaming and can be accessed by registering at this link\u003c/p\u003e\r\n\u003cp\u003e\u003ca href\u003d\"https://gabelli.com/conferences/aerospace\" target\u003d\"_blank\"\u003e\u003cu\u003ehttps://gabelli.com/conferences/aerospace\u003c/u\u003e\u003c/a\u003e. \u003cbr /\u003e\r\n\u003cbr /\u003e\r\nListeners can access the conference live over the internet at\u003c/p\u003e\r\n\u003cp\u003e\u003ca href\u003d\"https://www.moog.com/investors/events-presentations.html#events\" target\u003d\"_blank\"\u003e\u003cu\u003ehttps://www.moog.com/investors/events-presentations.html#events\u003c/u\u003e\u003c/a\u003e. \u003cbr /\u003e\r\n\u003cbr /\u003e\r\nA replay of the conference will be available following the discussion and will be archived on the website for 30 days.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog is a worldwide designer, manufacturer, and systems integrator of high-performance precision motion and fluid controls and controls systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the Company can be found at \u003ca href\u003d\"http://www.moog.com/\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2024-08-29T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2024/moog-present-at-gabelli-2024.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Reports Strong Third Quarter 2024 Results with Further Margin Expansion","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and control systems, today reported fiscal third quarter 2024 diluted earnings per share of ....","description":"\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and control systems, today reported fiscal third quarter 2024 diluted earnings per share of $1.74 and adjusted diluted earnings per share of $1.91.\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u0026quot;We delivered a solid performance in the third quarter of 2024, with significant improvements in our financial results,\u0026quot; said Pat Roche, CEO. \u0026quot;Our teams continue to execute well, driving both top-line growth and margin expansion across our businesses. Our commitment to achieving our Investor Day targets remains strong, with clear progress in our pricing and simplification initiatives. With this momentum we are confident in our continued success and growth.\u0026quot;\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003ctable border\u003d\"1\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"669\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"384\" valign\u003d\"bottom\"\u003e\u003cp\u003e(in millions, except per share results)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"285\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eThree Months Ended\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"384\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eQ3 2024\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eQ3 2023\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eDeltas\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"384\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet sales\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 905\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 850\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e6 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"384\" valign\u003d\"bottom\"\u003e\u003cp\u003eOperating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e11.6 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e9.9 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e170 bps\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"384\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted operating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e12.3 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e10.2 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e210 bps\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"384\" valign\u003d\"bottom\"\u003e\u003cp\u003eDiluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 1.74\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 1.32\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e32 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"384\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted diluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 1.91\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 1.37\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e39 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"384\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet cash provided by operating activities\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 30\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 16\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 14\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"384\" valign\u003d\"bottom\"\u003e\u003cp\u003eFree cash flow\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ (2)\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ (19)\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 17\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"669\" colspan\u003d\"4\" valign\u003d\"top\"\u003e\u003cp\u003eSee the reconciliations of adjusted financial results and free cash flow to reported results included in the financial statements herein for the quarters ended June 29, 2024 and July 1, 2023.\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eQuarter Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eNet sales of $905 million increased 6% compared to the prior year\u0027s quarter, with increases in our aerospace and defense businesses, while Industrial was slightly down.\u003c/li\u003e\r\n\u003cli\u003eOperating margin of 11.6% increased 170 basis points, driven by improved performance in Space and Defense, Commercial Aircraft and Military Aircraft, while Industrial declined 130 basis points.\u003cbr\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003eAdjusted operating margin of 12.3% increased 210 basis points, reflecting improved business performance across all segments.\u003cbr\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003eDiluted earnings per share of $1.74 increased 32% due to higher operating profit, partially offset by restructuring charges and a higher tax rate.\u003cbr\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003eAdjusted diluted earnings per share of $1.91 increased 39%, driven by operating margin expansion and incremental profit from higher sales.\u003cbr\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003eFree cash flow improved by $17 million as compared to last year.\u003cbr\u003e\r\n\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eQuarter Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eSales in the third quarter of 2024 increased compared to the third quarter of 2023, with notable growth in Military Aircraft, Space and Defense and Commercial Aircraft. Military Aircraft sales increased 18% to $207 million due to the ramp of the FLRAA program and other OEM production programs. Space and Defense sales increased 7% to $258 million driven by strong U.S. and European defense demand. Commercial Aircraft sales increased 6% to $189 million due to the increased production in our widebody business. Industrial segment sales decreased 1% to $250 million due to a slowdown in orders for industrial automation applications, partially offset by higher product demand in other markets.\u003c/p\u003e\r\n\u003cp\u003eOperating margin increased 170 basis points to 11.6% in the third quarter of 2024 compared to the third quarter of 2023. Space and Defense operating margin increased 490 basis points to 12.6% due to improved performance on space vehicle development programs. Commercial Aircraft operating margin increased 190 basis points to 12.9%, driven by higher sales volume and pricing initiatives, as well as mix. Military Aircraft operating margin increased 130 basis points to 11.6%, driven by cost absorption on the FLRAA program. Industrial operating margin decreased 130 basis points to 9.8%, impacted by higher restructuring and inventory write-down charges.\u003c/p\u003e\r\n\u003cp\u003eAdjusted operating margin in the third quarter of 2024 increased 210 basis points to 12.3% compared to the third quarter of 2023. The only segment with significant adjustments was Industrial, whose adjusted operating margin increased as the benefits of pricing more than offset an unfavorable sales mix and planned product transfers.\u003c/p\u003e\r\n\u003cp\u003eTwelve-month backlog remains robust, increasing 7% to $2.5 billion, driven by strong product demand across the aerospace and defense businesses.\u003cb\u003e\u003cu\u003e\u003cbr\u003e\r\n\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eFree cash flow in the third quarter was a use of cash of $2 million, an improvement of $17 million year-over-year, driven by higher net cash from operating activities and lower capital expenditures.\u0026nbsp;\u003cb\u003e\u003cu\u003e\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e2024 Financial Guidance\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026quot;Fiscal year 2024 is measuring up to be a great step towards achieving our long-term financial targets,\u0026quot; said Jennifer Walter, CFO. \u0026quot;This year, our sales will grow by 8%, our adjusted operating margin will expand by 150 basis points and our adjusted earnings per share will increase by 20%.\u0026quot;\u003c/p\u003e\r\n\u003ctable border\u003d\"1\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"672\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003e(in millions, except per share results)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"174\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eFY 2024 Guidance\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eCurrent\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003ePrevious\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet sales\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 3,575\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 3,550\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003eOperating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e11.8 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e11.9 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted operating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e12.4 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e12.4 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003eDiluted net earnings per share*\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 6.85\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 6.87\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted diluted net earnings per share*\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 7.40\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 7.25\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"672\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e*Diluted net earnings per share figures for 2024 are forecasted to be within range of +/- $0.10.\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003cp\u003eWhen the company provides adjusted, non-GAAP figures on a forward-looking basis,\u0026nbsp;a reconciliation of the differences between the non-GAAP expectations and the corresponding GAAP measures generally is not available without unreasonable effort.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eConference call information\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Pat Roche, CEO, and Jennifer Walter, CFO, will host a conference call today beginning at 10:00 a.m. ET, which will be simultaneously broadcast live online. Listeners can access the call live, or in replay mode, at \u003ca href\u003d\"/content/sites/global/en/investors/events-presentations.html\"\u003ewww.moog.com/investors\u003c/a\u003e. Supplemental financial data will be available on the website approximately 90 minutes prior to the conference call.\u003cu\u003e\u003c/u\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which can be identified by words such as: “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume,” “assume” and other words and terms of similar meaning (including their negative counterparts or other various or comparable terminology). These forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995, are neither historical facts nor guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements.\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eAlthough it is not possible to create a comprehensive list of all factors that may cause our actual results to differ from the results expressed or implied by our forward-looking statements or that may affect our future results, some of these factors and other risks and uncertainties are described in Item 1A “Risk Factors” of our Annual Report on Form 10-K and in our other periodic filings with the Securities and Exchange Commission (“SEC”) and include, but are not limited to, risks relating to: (i) our operation in highly competitive markets with competitors who may have greater resources than we possess; (ii) our operation in cyclical markets that are sensitive to domestic and foreign economic conditions and events; (iii) our heavy dependence on government contracts that may not be fully funded or may be terminated; (iv) supply chain constraints and inflationary impacts on prices for raw materials and components used in our products; (v) failure of our subcontractors or suppliers to perform their contractual obligations; and (vi) our accounting estimations for over-time contracts and any changes we need to make thereto. You should evaluate all forward-looking statements made in this press release in the context of these risks and uncertainties.\u003cu\u003e\u003c/u\u003e\u003c/p\u003e\r\n\u003cp\u003eWhile we believe we have identified and discussed in our SEC filings the material risks affecting our business, there may be additional factors, risks and uncertainties not currently known to us or that we currently consider immaterial that may affect the forward-looking statements we make herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. Any forward-looking statement speaks only as of the date on which it is made, and we disclaim any obligation to update any forward-looking statement made in this press release, except as required by applicable law.\u003cu\u003e\u003c/u\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003ca href\u003d\"/content/dam/moog/literature/Corporate/Investors/press-releases-pdf/2024/q3/Moog-Reports-Strong-Third-Quarter-2024-Results.pdf\" target\u003d\"_blank\"\u003e\u003cb\u003e\u003cu\u003e(For further details please use this link to our print-optimized PDF version)\u003c/u\u003e\u003c/b\u003e\u003c/a\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2024-08-02T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2024/moog-reports-third-quarter-results-2024.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Cash Dividend ","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. declared a quarterly dividend of $0.28 per share on the Company’s issued and outstanding shares of Class A and Class B common stock. The dividend will be paid on August 29, 2024, to ...","description":"\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) declared a quarterly dividend of $0.28 per share on the Company’s issued and outstanding shares of Class A and Class B common stock. The dividend will be paid on August 29, 2024, to all shareholders of record as of the close of business on August 16, 2024.\u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $9 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003cbr\u003e\r\n\u003cbr\u003e\r\n\u003c/b\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites, space vehicles, launch vehicles, defense systems, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003cb\u003e\u003cbr\u003e\r\n\u003c/b\u003e\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2024-08-02T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2024/moog-announces-cash-dividend-q3-2024.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Reports Record Sales and Continued Margin Expansion for Second Quarter 2024 ","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems, today reported fiscal second quarter 2024 diluted earnings per share of $1.86","description":"\u003cp\u003e\u003cb\u003eMoog Inc. Reports Record Sales and Continued Margin Expansion\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003efor Second Quarter 2024\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems, today reported fiscal second quarter 2024 diluted earnings per share of $1.86 and adjusted diluted earnings per share of $2.19.\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u0026quot;The second quarter of 2024 was an exceptional quarter from a sales and earnings perspective,\u0026quot; said Pat Roche, CEO. \u0026quot;Our margin enhancement efforts continue to drive financial performance improvements across our businesses and we look forward to continued strength through the year.\u0026quot;\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003ctable border\u003d\"1\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"669\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"384\" valign\u003d\"bottom\"\u003e\u003cp\u003e(in millions, except per share results)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"285\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eThree Months Ended\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"384\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eQ2 2024\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eQ2 2023\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eDeltas\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"384\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet sales\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 930\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 837\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e11 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"384\" valign\u003d\"bottom\"\u003e\u003cp\u003eOperating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e12.0 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e10.0 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e200 bps\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"384\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted operating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e13.6 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e10.4 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e320 bps\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"384\" valign\u003d\"bottom\"\u003e\u003cp\u003eDiluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 1.86\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 1.34\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e39 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"384\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted diluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 2.19\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 1.42\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e54 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"384\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet cash used by operating activities\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ (44)\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ (41)\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ (3)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"384\" valign\u003d\"bottom\"\u003e\u003cp\u003eFree cash flow\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ (84)\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ (101)\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 17\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"669\" colspan\u003d\"4\" valign\u003d\"top\"\u003e\u003cp\u003eSee the reconciliations of adjusted financial results and free cash flow to reported results included in the financial statements herein for the quarters ended March 30, 2024 and April 1, 2023.\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eQuarter Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eNet sales of $930 million increased 11% compared to the prior year\u0027s quarter, with increases in all four segments, including a 26% increase in Commercial Aircraft.\u003c/li\u003e\r\n\u003cli\u003eOperating margin of 12.0% increased 200 basis points. Business performance across all segments contributed an incremental 165 basis points. Also, the current quarter included a 150 basis point benefit from the Employee Retention Credit associated with the CARES Act. The current quarter also included 115 basis points of higher impairments and restructuring.\u003cbr\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003eAdjusted operating margin of 13.6% increased 320 basis points, driven by the underlying business performance, as well as the Employee Retention Credit.\u003cbr\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003eDiluted earnings per share of $1.86 increased 39% due to the higher operating profit and the Employee Retention Credit, partially offset by the current quarter\u0027s restructuring and impairment charges.\u003cbr\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003eAdjusted diluted earnings per share of $2.19 increased 54%, reflecting earnings associated from higher sales across all of our segments and the Employee Retention Credit.\u003cbr\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003eFree cash flow improved by $17 million as compared to last year due to lower capital expenditures.\u003cbr\u003e\r\n\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eQuarter Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eSales in the second quarter of 2024 increased across all segments compared to the second quarter of 2023. Commercial Aircraft sales increased 26% to $208 million due to the growth in widebody aircraft. Space and Defense sales increased 9% to $267 million, driven by strong demand for programs supporting emerging defense priorities. Sales in Military Aircraft increased 11% to $203 million due to the ramp-up of the FLRAA program and the sale of a mature product line. Sales in Industrial increased 4% to $253 million due to higher demand for flight simulation systems and energy products, and were partially offset by a slowdown in orders for industrial automation applications.\u003c/p\u003e\r\n\u003cp\u003eOperating margin increased 200 basis points to 12.0% in the second quarter of 2024 compared to the second quarter of 2023. Space and Defense operating margin increased 460 basis points to 15.8% due to improved performance on space vehicle programs and the benefit associated with the Employee Retention Credit. Commercial Aircraft operating margin increased 250 basis points to 12.0% due to pricing and higher sales volumes across our entire book of business. Industrial operating margin increased 110 basis points to 11.1%, as the Employee Retention Credit and benefits from pricing initiatives were partially offset by higher amounts of restructuring charges. Military Aircraft operating margin decreased 60 basis points to 8.3%, as impairment and restructuring charges more than offset the gain from the sale of a mature product line.\u003c/p\u003e\r\n\u003cp\u003eThe current quarter includes $14 million of restructuring, impairment and other charges, primarily in Military Aircraft and Industrial. The second quarter of 2023 included $3 million of restructuring and other charges. Excluding charges in both periods, adjusted operating margin increased 320 basis points to 13.6% driven largely by the factors previously described. Space and Defense adjusted operating margin increased 420 basis points to 15.9%. Military Aircraft adjusted operating margin increased 400 basis points to 13.4%. Commercial Aircraft adjusted operating margin increased 250 basis points to 12.0%, and Industrial adjusted operating margin increased 210 basis points to 12.5%.\u003c/p\u003e\r\n\u003cp\u003eTwelve-month backlog increased 9% to a record level of $2.5 billion due to growth across our aerospace and defense businesses.\u003cb\u003e\u003cu\u003e\u003cbr\u003e\r\n \u003cbr\u003e\r\n\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eFree cash flow in the second quarter was a use of cash of $84 million. Unfavorable timing in accounts receivable and the work-down of milestones in customer advances pressured working capital. Also, growth in physical inventories, driven by the strong level of sales, pressured working capital. Capital expenditures in the second quarter of 2024 were $40 million.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e2024 Financial Guidance\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026quot;Fiscal year 2024 is shaping up to be another great year of financial performance, and we\u0027re on track to achieve our long-term financial targets,\u0026quot; said Jennifer Walter, CFO. \u0026quot;This year, our sales will grow by 7%, our adjusted operating margin will expand by 150 basis points and our adjusted earnings per share will increase by 18%.\u0026quot;\u003c/p\u003e\r\n\u003ctable border\u003d\"1\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"672\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003e(in millions, except per share results)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"174\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eFY 2024 Guidance\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eCurrent\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003ePrevious\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet sales\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 3,550\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 3,500\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003eOperating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e11.9 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e12.0 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted operating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e12.4 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e12.0 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003eDiluted net earnings per share*\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 6.87\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 6.86\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"498\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted diluted net earnings per share*\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 7.25\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"87\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 6.90\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"672\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e*Diluted net earnings per share figures for 2024 are forecasted to be within range of +/- $0.20. Adjusted diluted net earnings per share for the third quarter of 2024 are forecasted to be $1.70, +/- $0.10.\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eWhen the company provides adjusted, non-GAAP figures on a forward-looking basis,\u0026nbsp;a reconciliation of the differences between the non-GAAP expectations and the corresponding GAAP measures generally is not available without unreasonable effort.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eConference call information\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Pat Roche, CEO, and Jennifer Walter, CFO, will host a conference call today beginning at 10:00 a.m. ET, which will be simultaneously broadcast live online. Listeners can access the call live, or in replay mode, at www.moog.com/investors/communications. Supplemental financial data will be available on the website approximately 90 minutes prior to the conference call.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u0026nbsp;\u003c/b\u003e\u003cbr\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003eThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which can be identified by words such as: “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume,” “assume” and other words and terms of similar meaning (including their negative counterparts or other various or comparable terminology). These forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995, are neither historical facts nor guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements.\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eAlthough it is not possible to create a comprehensive list of all factors that may cause our actual results to differ from the results expressed or implied by our forward-looking statements or that may affect our future results, some of these factors and other risks and uncertainties are described in Item 1A “Risk Factors” of our Annual Report on Form 10-K and in our other periodic filings with the Securities and Exchange Commission (“SEC”) and include, but are not limited to, risks relating to: (i) our operation in highly competitive markets with competitors who may have greater resources than we possess; (ii) our operation in cyclical markets that are sensitive to domestic and foreign economic conditions and events; (iii) our heavy dependence on government contracts that may not be fully funded or may be terminated; (iv) supply chain constraints and inflationary impacts on prices for raw materials and components used in our products; (v) failure of our subcontractors or suppliers to perform their contractual obligations; and (vi) our accounting estimations for over-time contracts and any changes we need to make thereto. You should evaluate all forward-looking statements made in this press release in the context of these risks and uncertainties.\u003cu\u003e\u003c/u\u003e\u003c/p\u003e\r\n\u003cp\u003eWhile we believe we have identified and discussed in our SEC filings the material risks affecting our business, there may be additional factors, risks and uncertainties not currently known to us or that we currently consider immaterial that may affect the forward-looking statements we make herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. Any forward-looking statement speaks only as of the date on which it is made, and we disclaim any obligation to update any forward-looking statement made in this press release, except as required by applicable law.\u003cu\u003e\u003c/u\u003e\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2024-04-26T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2024/moog-reports-second-quarter-results-2024.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Cash Dividend ","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) declared a quarterly dividend of $0.28 per share on the Company’s issued and outstanding shares of Class A and Class B common stock. The dividend will be paid on May 28, 2024 to all shareholders","description":"\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) declared a quarterly dividend of $0.28 per share on the Company’s issued and outstanding shares of Class A and Class B common stock. The dividend will be paid on May 28, 2024 to all shareholders of record as of the close of business on May 10, 2024.\u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $9 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003cbr\u003e\r\n\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites, space vehicles, launch vehicles, defense systems, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2024-04-26T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2024/moog-announces-cash-dividend-q2-2024.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. to Announce Second Quarter Fiscal 2024 Earnings Webcast on April 26, 2024","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. will release its second quarter fiscal 2024 earnings on Friday,\r\nApril 26, 2024. In conjunction with this release Pat Roche, CEO, and Jennifer Walter, CFO, will host a conference call beginning at 10:00 a.m. ET","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its second quarter fiscal 2024 earnings on Friday, April 26, 2024. In conjunction with this release Pat Roche, CEO, and Jennifer Walter, CFO, will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live online.\u003c/p\u003e\r\n\u003cp\u003ePlease allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003cbr\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003eSupplemental material will be available on the website approximately 90 minutes prior to the call and will be archived for 45 days.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog is a worldwide designer, manufacturer, and systems integrator of high-performance precision motion and fluid controls and controls systems. Moog’s high-performance systems control military and commercial aircraft, satellites, space vehicles, launch vehicles, defense systems, missiles, automated industrial machinery, marine and medical equipment. Additional information about the Company can be found at \u003ca href\u003d\"/content/sites/global/en.html\"\u003ewww.moog.com.\u003c/a\u003e\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2024-04-17T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2024/moog-announces-second-quarter-earning-webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. to Present at TD Cowen’s 45th Annual Aerospace and Defense Conference","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) announced today that Pat Roche, CEO, and Jennifer Walter, CFO, will present at the 45th Annual TD Cowen Aerospace and Defense Conference on Tuesday, February 13th, 2024 at 8:30 a.m. ET.","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) announced today that Pat Roche, CEO, and Jennifer Walter, CFO, will present at the 45\u003csup\u003eth\u003c/sup\u003e Annual TD Cowen Aerospace and Defense Conference on Tuesday, February 13\u003csup\u003eth\u003c/sup\u003e, 2024 at 8:30 a.m. ET. A live audio webcast of the event will be available on the Moog Investor Relations website at \u003ca href\u003d\"http://www.moog.com/investors/communications/\"\u003ehttp://www.moog.com/investors/communications/\u003c/a\u003e. A replay of the webcast will be available following the presentation and will be archived on the website for 30 days.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003cbr\u003e\r\n\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, defense systems, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2024-02-01T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2024/moog-at-cowen-2024.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Reports First Quarter 2024 Sales Growth and Margin Expansion and Increases Full-Year Earnings Per Share Guidance","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems, today reported fiscal first quarter 2024 diluted earnings per share of $1.48 and adjusted ","description":"\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems, today reported fiscal first quarter 2024 diluted earnings per share of $1.48 and adjusted diluted earnings per share of $1.53.\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003ctable border\u003d\"1\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"672\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"385\" valign\u003d\"bottom\"\u003e\u003cp\u003e(in millions, except per share results)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"286\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eThree Months Ended\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"385\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eQ1 2024\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eQ1 2023\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eDeltas\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"385\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet sales\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 857\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 760\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e13 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"385\" valign\u003d\"bottom\"\u003e\u003cp\u003eOperating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e11.0\u0026nbsp; %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e11.4\u0026nbsp; %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e-40 bps\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"385\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted operating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e11.3\u0026nbsp; %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e10.4 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e90 bps\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"385\" valign\u003d\"bottom\"\u003e\u003cp\u003eDiluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 1.48\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 1.44\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e3 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"385\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted diluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 1.53\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 1.25\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e22 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"385\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet cash provided by operating activities*\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 60\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 8\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 52\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"385\" valign\u003d\"bottom\"\u003e\u003cp\u003eFree cash flow*\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 23\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ (22)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"95\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 45\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"672\" colspan\u003d\"4\" valign\u003d\"top\"\u003e\u003cp\u003eSee the reconciliations of adjusted financial results to reported results included in the financial statements herein for the quarters ended December 30, 2023 and December 31, 2022.\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; \u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003cbr\u003e\r\n* Favorably impacted by a $25 million benefit related to the expansion of the securitization facility.\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eQuarter Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eNet sales of $857 million increased 13%, with increases across all four segments, including a near 50% increase in Commercial Aircraft.\u003c/li\u003e\r\n\u003cli\u003eOperating margin of 11.0% decreased 40 basis points. The absence of the prior year\u0027s gain on the sale of two buildings more than offset the current quarter\u0027s benefits from pricing and higher production volume. Adjusted operating margin, excluding the gain on the sale of two buildings, expanded 90 basis points to 11.3%.\u0026nbsp;\u003cbr\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003eDiluted earnings per share of $1.48 increased 3% due to higher operating profit, offset by the absence of the prior year\u0027s gain on the sale of two buildings. Adjusted diluted earnings per share of $1.53 increased 22%.\u003cbr\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003eFree cash flow improved by $45 million as compared to last year.\u003c/li\u003e\r\n\u003cli\u003eTwelve-month backlog increased 6% to $2.5 billion due to growth across our aerospace and defense businesses.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u0026quot;We had a great start to fiscal 2024, setting us up nicely to deliver margin enhancement in line with our investor day plan,\u0026quot; said Pat Roche, CEO. \u0026quot;Our highly engaged employees are delivering for our customers and are driving margin improvements across the business.\u0026quot;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eQuarter Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eSales in the first quarter of 2024 increased across all segments compared to the first quarter of 2023. Commercial Aircraft sales increased 47% to $194 million due to the continued market recovery in widebody aircraft in both OEM and aftermarket programs. Sales in Industrial increased 6% to $246 million due to higher demand for flight simulation systems and industrial automation applications. Within Space and Defense, sales increased 6% to $230 million, driven by strong defense demand across both the space and defense markets. Sales in Military Aircraft increased 5% to $186 million due to the ramp up on the V-280 program.\u003cb\u003e\u003cu\u003e\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eOperating margin decreased 40 basis points to 11.0% in the first quarter of 2024 compared to the first quarter of 2023. Industrial operating margin decreased 400 basis points, as the prior year benefited $10 million from the sale of two buildings related to the footprint rationalization initiative. Military Aircraft operating margin increased 200 basis points to 10.5%, driven by increased activity on the V-280 program and by a more favorable sales mix. Space and Defense operating margin increased 170 basis points to 11.0% due to production efficiencies and pricing initiatives. Commercial Aircraft operating margin decreased 40 basis points to 10.6% since favorable retrofit activity from last year did not repeat.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eAdjusted operating margin in the first quarter of 2024 increased 90 basis points to 11.3% compared to the first quarter of 2023. The only segment with significant adjustments is Industrial, which increased 30 basis points to 12.6% as the benefits of pricing initiatives were partially offset by the absence of the prior year\u0027s favorable sales mix.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFree Cash Flow Results\u003cu\u003e\u003cbr\u003e\r\n \u003cbr\u003e\r\n\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eFree cash flow was $23 million, which included a $25 million benefit related to the expansion of the securitization facility. Higher collections from customers were mostly offset by growth in physical inventories to support the growth across the aerospace and defense businesses. Capital expenditures were $37 million.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u003cu\u003e\u0026nbsp;\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e2024 Financial Guidance\u003cu\u003e\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u003cu\u003e\u0026nbsp;\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026quot;We are raising our sales and earnings per share guidance for the year based on our first quarter results, and are holding our operating margin guidance,\u0026quot; said Jennifer Walter, CFO. \u0026quot;Our sales in fiscal year 2024 will grow by 5%, operating margin will expand by 110 basis points and earnings per share will increase by 12%. We are confident we are on track to deliver exceptional results again this year.\u0026quot;\u003c/p\u003e\r\n\u003ctable border\u003d\"1\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"672\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"454\" valign\u003d\"bottom\"\u003e\u003cp\u003e(in millions, except per share results)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"109\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"109\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"454\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"218\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eFY 2024 Guidance\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"454\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"109\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eCurrent\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"109\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003ePrevious\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"454\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet sales\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"109\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 3,500\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"109\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 3,450\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"454\" valign\u003d\"bottom\"\u003e\u003cp\u003eOperating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"109\" valign\u003d\"bottom\"\u003e\u003cp\u003e12.0 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"109\" valign\u003d\"bottom\"\u003e\u003cp\u003e12.0 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"454\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted diluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"109\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 6.90\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"109\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 6.80\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"454\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted earnings per share figures are forecasted to be within range of +/- $0.20.\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"109\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"109\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003cp\u003e\u003cb\u003e\u003cu\u003e\u0026nbsp;\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eDiluted net earnings per share for the second quarter of 2024 is forecasted to be $1.70, plus or minus $0.10.\u003cu\u003e\u003c/u\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u003cu\u003e\u0026nbsp;\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eConference call information\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Pat Roche, CEO, and Jennifer Walter, CFO, will host a conference call today beginning at 10:00 a.m. ET, which will be simultaneously broadcast live online. Listeners can access the call live, or in replay mode, at www.moog.com/investors/communications. Supplemental financial data will be available on the website approximately 90 minutes prior to the conference call.\u003cu\u003e\u003c/u\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cbr\u003e\r\nInformation included or incorporated by reference in this press release that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements. In evaluating these forward-looking statements, you should carefully consider the factors set forth below.\u003c/p\u003e\r\n\u003cp\u003eAlthough it is not possible to create a comprehensive list of all factors that may cause actual results to differ from the results expressed or implied by our forward-looking statements or that may affect our future results, some of these factors and other risks and uncertainties that arise from time to time are described in Item 1A “Risk Factors” of our Annual Report on Form 10-K and in our other periodic filings with the SEC and include the following:\u003cu\u003e\u003c/u\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eStrategic risks\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eWe operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/li\u003e\r\n\u003cli\u003eOur research and development and innovation efforts are substantial and may not be successful, which could reduce our sales and earnings;\u003c/li\u003e\r\n\u003cli\u003eIf we are unable to adequately enforce and protect our intellectual property or defend against assertions of infringement, our business and our ability to compete could be harmed; and\u003c/li\u003e\r\n\u003cli\u003eOur sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or as we conduct portfolio shaping and footprint rationalization initiatives.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eMarket condition risks\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eThe markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/li\u003e\r\n\u003cli\u003eWe depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/li\u003e\r\n\u003cli\u003eThe loss of The Boeing Company as a customer or a significant reduction in the sales to The Boeing Company could adversely impact our operating results; and\u003c/li\u003e\r\n\u003cli\u003eWe may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eOperational risks\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eA constrained supply chain, as well as inflated prices, across various raw materials and third-party provided components and sub-assemblies have had, and could continue to have, a material impact on our ability to manufacture and ship our products, in addition to adversely impacting our operating profit and balance sheet;\u003c/li\u003e\r\n\u003cli\u003eIf our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/li\u003e\r\n\u003cli\u003eWe face, and may continue to face, risks related to information systems interruptions, intrusions and or new software implementations, which may adversely affect our business operations;\u003c/li\u003e\r\n\u003cli\u003eWe may not be able to prevent, or timely detect, issues with our products and our manufacturing processes, which may adversely affect our operations and our earnings; and\u003c/li\u003e\r\n\u003cli\u003eThe failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eFinancial risks\u003cu\u003e\u003c/u\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eWe make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/li\u003e\r\n\u003cli\u003e•\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/li\u003e\r\n\u003cli\u003eOur indebtedness and restrictive covenants under our credit facilities and indenture governing our senior notes could limit our operational and financial flexibility;\u003c/li\u003e\r\n\u003cli\u003eSignificant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/li\u003e\r\n\u003cli\u003eA write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth; and\u003c/li\u003e\r\n\u003cli\u003eUnforeseen exposure to additional income tax liabilities may affect our operating results.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eLegal and compliance risks\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eContracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting standards, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/li\u003e\r\n\u003cli\u003eOur operations in foreign countries expose us to currency, political and trade risks and adverse changes in local legal and regulatory environments could impact our results of operations;\u003c/li\u003e\r\n\u003cli\u003eGovernment regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/li\u003e\r\n\u003cli\u003eWe are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/li\u003e\r\n\u003cli\u003eOur operations are subject to environmental laws and complying with those laws may cause us to incur significant costs;\u003c/li\u003e\r\n\u003cli\u003eWe may face reputational, regulatory or financial risks from a perceived, or an actual, failure to achieve our sustainability goals; and\u003c/li\u003e\r\n\u003cli\u003eThe recently received invalidation of our facility security clearance by the U.S. Defense Counterintelligence and Security Agency could impact potential future business as well as adversely affect our operating results.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eGeneral risks\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eFuture terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/li\u003e\r\n\u003cli\u003eOur performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003eWhile we believe we have identified and discussed above the material risks affecting our business, there may be additional factors, risks and uncertainties not currently known to us or that we currently consider immaterial that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. Any forward-looking statement speaks only as of the date on which it is made, and we disclaim any obligation to update any forward-looking statement made in this report, except as required by law.\u003cu\u003e\u003c/u\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cu\u003e\u0026nbsp;\u003c/u\u003e\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2024-01-26T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2024/moog-reports-first-quarter-results-2024.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Increased Cash Dividend ","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) declared a quarterly dividend of $0.28 per share on the Company’s issued and outstanding shares of Class A and Class B common stock, a 4% increase over the previous quarter’s dividend.","description":"\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) declared a quarterly dividend of $0.28 per share on the Company’s issued and outstanding shares of Class A and Class B common stock, a 4% increase over the previous quarter’s dividend. The dividend will be paid on February 27, 2024 to all shareholders of record as of the close of business on February 9, 2024.\u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $9 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003cbr /\u003e\r\n\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, defense systems, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2024-01-26T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2024/moog-announces-cash-dividend-q1-2024.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. to Announce First Quarter Fiscal 2024 Earnings Webcast on January 26, 2024","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its first quarter fiscal 2024 earnings on Friday, January 26, 2024. In conjunction with this release, Pat Roche, CEO, and Jennifer Walter, CFO, will host a conference call beginning at 10:00 a.m. ET","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its first quarter fiscal 2024 earnings on Friday, January 26, 2024. In conjunction with this release, Pat Roche, CEO, and Jennifer Walter, CFO, will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live online.\u003c/p\u003e\r\n\u003cp\u003eListeners can access the conference call live or in replay mode at \u003cb\u003ehttps://www.moog.com/investors/communications/.\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003ePlease allow 15 minutes prior to the call to visit the site to download and install any necessary audio software. Supplemental material will be available on the website approximately 90 minutes prior to the call and will be archived for 45 days.\u003c/p\u003e\r\n\u003cp\u003eAbout Moog Inc.\u003c/p\u003e\r\n\u003cp\u003eMoog is a worldwide designer, manufacturer, and systems integrator of high-performance precision motion and fluid controls and controls systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, defense systems, missiles, automated industrial machinery,\u0026nbsp;and medical equipment. Additional information about the Company can be found at \u003ca href\u003d\"/content/sites/global/en.html\"\u003ewww.moog.com.\u003c/a\u003e\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2024-01-19T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2024/moog-announces-first-quarter-earning-webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Reports Record Fiscal Year 2023 Sales and Continuing Margin Expansion Into Fiscal Year 2024","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems, today reported fiscal year 2023 diluted earnings per share of $5.34 and adjusted diluted","description":"\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems, today reported fiscal year\u0026nbsp; 2023 diluted earnings per share of $5.34 and adjusted diluted earnings per share of $6.15.\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003ctable border\u003d\"1\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"670\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"232\" valign\u003d\"bottom\"\u003e\u003cp\u003e(in millions, except per share results)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"219\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eThree Months Ended\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"219\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eTwelve Months Ended\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"232\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eQ4 2023\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eQ4 2022\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eDeltas\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eQ4 2023\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eQ4 2022\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eDeltas\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"232\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet sales\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 872\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 768\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e14 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 3,319\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 3,036\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e9 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"232\" valign\u003d\"bottom\"\u003e\u003cp\u003eOperating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e10.1 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e8.6 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e150 bps\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e10.3 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e9.3 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e100 bps\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"232\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted operating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e12.5 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e10.4 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e210 bps\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e10.9 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e10.2 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e70 bps\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"232\" valign\u003d\"bottom\"\u003e\u003cp\u003eDiluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 1.23\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 0.92\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e34 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 5.34\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 4.83\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e11 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"232\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted diluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 2.10\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 1.36\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e54 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 6.15\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 5.56\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e11 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"232\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted free cash flow\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 105\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 19\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 86\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ (37)\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 7\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"73\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ (45)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"670\" colspan\u003d\"7\" valign\u003d\"top\"\u003e\u003cp\u003eSee the reconciliations of adjusted financial results to reported results included in the financial statements herein for the quarters ended September 30, 2023 and October 1, 2022.\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eQuarter Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eRecord net sales of $872 million, an increase of 14%, with double-digit growth in each of our segments.\u003c/li\u003e\r\n\u003cli\u003eAdjusted operating margin expanded 210 basis points to 12.5%, benefiting from pricing and simplification.\u003c/li\u003e\r\n\u003cli\u003eAdjusted diluted earnings per share increased 54% due to incremental operating profit.\u003c/li\u003e\r\n\u003cli\u003eAdjusted free cash flow increased $86 million, driven by strong collections and timing of payments.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eYear Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eNet sales increased 9% to a record $3.3 billion, or 11% excluding divestitures and foreign exchange impacts.\u003c/li\u003e\r\n\u003cli\u003eAdjusted operating margin expanded 70 basis points to 10.9%, benefiting from pricing and simplification.\u003c/li\u003e\r\n\u003cli\u003eAdjusted diluted earnings per share increased 11%, driven by the growth in operating profit, offset by higher interest expense.\u003c/li\u003e\r\n\u003cli\u003eAdjusted free cash flow use resulted from growth in net working capital, primarily physical inventories.\u003c/li\u003e\r\n\u003cli\u003eRecord twelve-month backlog of $2.4 billion supports continued sales growth in aerospace and defense programs.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u0026quot;We had an exceptional quarter that rounded out a great year for our company,\u0026quot; said Pat Roche, CEO. \u0026quot;Sales were very strong, and margin enhancement through our pricing and simplification initiatives are delivering results. We are on-track to deliver our long-term Investor Day financial targets.\u0026quot;\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eQuarter Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eSales in the fourth quarter of 2023 increased across all segments compared to the fourth quarter of 2022. Aircraft Controls\u0027 sales increased 16% to $377 million, as the continued market recovery in OEM widebody aircraft and business jet activity increased commercial aircraft sales 42%. Sales in Space and Defense Controls increased 11% to $241 million due to higher demand for defense products in both space and defense applications. Industrial Systems\u0027 sales increased 12% to $254 million due to higher demand for industrial automation programs and flight simulation systems.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eAdjusted operating margin increased 210 basis points to 12.5% in the fourth quarter of 2023 compared to the fourth quarter of 2022. Aircraft Controls\u0027 adjusted operating margin increased 210 basis points driven by retroactive pricing and 80/20 initiatives. These benefits were tempered by additional charges on near-complete funded development programs. Space and Defense Controls\u0027 adjusted operating margin expanded 340 basis points due to lower charges associated with our space vehicles development programs and pricing benefits. Adjusted operating margin for Industrial Systems increased 110 basis points as a result of pricing initiatives.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eNon-operating expenses in the fourth quarter of 2023 included the benefits of a favorable litigation settlement and lower effective tax rate, which were not anticipated in our prior guidance. These benefits were moderated by incremental interest expense.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eYear Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eSales in fiscal 2023 increased across all segments compared to fiscal 2022. Aircraft Controls\u0027 sales increased 11% to $1.4 billion, reflecting the commercial recovery, partially offset by lower funded development activities for military programs. Space and Defense Controls\u0027 sales of $947 million increased 11%, after adjusting for the divestiture of the security business last year, due to growth in defense programs across our product portfolio. Industrial Systems\u0027 sales of $983 million increased 12%, excluding last year\u0027s sonar business divestiture and foreign exchange impacts, due to increased demand for industrial automation and flight simulation programs.\u003c/p\u003e\r\n\u003cp\u003eAdjusted operating margin increased 70 basis points to 10.9% compared to 2022. Adjusted operating margin increased 200 basis points in Industrial Systems and increased 70 basis points in Aircraft Controls due largely to\u0026nbsp; pricing benefits. Also within Aircraft Controls, margin expansion was impacted by additional charges for military funded development programs. Space and Defense Controls\u0027 adjusted operating margin decreased 40 basis points as charges associated with our space vehicles development programs more than offset underlying stronger operational results.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFree Cash Flow Results\u003cu\u003e\u003cbr\u003e\r\n\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eFree cash flow was $105 million in the fourth quarter of 2023. Higher collections from customers and the timing of compensation and vendor payments contributed to the reduction in working capital. Capital expenditures were $48 million in the quarter. Free cash flow in 2023 was a cash use of $37 million, as growing customer demand as well as supply chain constraints drove working capital pressures, primarily in physical inventories. Capital expenditures were $173 million in the year, reflecting necessary investments in facilities and equipment to support customer demand.\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u003cu\u003e\u0026nbsp;\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e2024 Financial Guidance\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026quot;Fiscal year 2024 will be another positive step on our journey towards our long-term financial targets,\u0026quot; said Jennifer Walter, CFO. \u0026quot;Our operating margin will expand by over 100 basis points and earnings per share will increase over 10%.\u0026quot;\u003cb\u003e\u003cu\u003e\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003ctable border\u003d\"1\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"672\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"551\" valign\u003d\"bottom\"\u003e\u003cp\u003e(in millions, except per share results)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"121\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"551\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"121\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eFY 2024 Guidance\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"551\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"121\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eInitial\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"551\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet sales\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"121\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 3,450\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"551\" valign\u003d\"bottom\"\u003e\u003cp\u003eOperating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"121\" valign\u003d\"bottom\"\u003e\u003cp\u003e12.0 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"551\" valign\u003d\"bottom\"\u003e\u003cp\u003eDiluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"121\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 6.80\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"551\" valign\u003d\"bottom\"\u003e\u003cp\u003eEarnings per share figures are forecasted to be within range of +/- $0.20.\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"121\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eConference call information\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Pat Roche, CEO, and Jennifer Walter, CFO, will host a conference call today beginning at 10:00 a.m. ET, which will be simultaneously broadcast live online. Listeners can access the call live, or in replay mode, at www.moog.com/investors/communications. Supplemental financial data will be available on the website approximately 90 minutes prior to the conference call.\u003cu\u003e\u003c/u\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u003cu\u003e\u0026nbsp;\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this press release that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements. In evaluating these forward-looking statements, you should carefully consider the factors set forth below.\u003c/p\u003e\r\n\u003cp\u003eAlthough it is not possible to create a comprehensive list of all factors that may cause actual results to differ from the results expressed or implied by our forward-looking statements or that may affect our future results, some of these factors and other risks and uncertainties that arise from time to time are described in Item 1A “Risk Factors” of our Annual Report on Form 10-K and in our other periodic filings with the SEC and include the following:\u003cu\u003e\u003c/u\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eStrategic risks\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eWe operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/li\u003e\r\n\u003cli\u003eOur research and development and innovation efforts are substantial and may not be successful, which could reduce our sales and earnings;\u003c/li\u003e\r\n\u003cli\u003eIf we are unable to adequately enforce and protect our intellectual property or defend against assertions of infringement, our business and our ability to compete could be harmed; and\u003c/li\u003e\r\n\u003cli\u003eOur sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or as we conduct portfolio shaping and footprint rationalization initiatives.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eMarket condition risks\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eThe markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/li\u003e\r\n\u003cli\u003eWe depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/li\u003e\r\n\u003cli\u003eThe loss of The Boeing Company or Lockheed Martin as a customer or a significant reduction in sales to either company could adversely impact our operating results; and\u003c/li\u003e\r\n\u003cli\u003eWe may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eOperational risks\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eA constrained supply chain, as well as inflated prices, across various raw materials and third-party provided components and sub-assemblies have had, and could continue to have, a material impact on our ability to manufacture and ship our products, in addition to adversely impacting our operating profit and balance sheet;\u003c/li\u003e\r\n\u003cli\u003eIf our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/li\u003e\r\n\u003cli\u003eWe face, and may continue to face, risks related to information systems interruptions, intrusions or new software implementations, which may adversely affect our business operations;\u003c/li\u003e\r\n\u003cli\u003eWe may not be able to prevent, or timely detect, issues with our products and our manufacturing processes, which may adversely affect our operations and our earnings; and\u003c/li\u003e\r\n\u003cli\u003ehe failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eFinancial risks\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eWe make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/li\u003e\r\n\u003cli\u003eWe enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/li\u003e\r\n\u003cli\u003eOur indebtedness and restrictive covenants under our credit facilities and indenture governing our senior notes could limit our operational and financial flexibility;\u003c/li\u003e\r\n\u003cli\u003eSignificant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth; and\u003c/li\u003e\r\n\u003cli\u003eUnforeseen exposure to additional income tax liabilities may affect our operating results.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eLegal and compliance risks\u003cu\u003e\u003c/u\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eContracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting standards, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/li\u003e\r\n\u003cli\u003eOur operations in foreign countries expose us to currency, political and trade risks and adverse changes in local legal and regulatory environments could impact our results of operations;\u003c/li\u003e\r\n\u003cli\u003eGovernment regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/li\u003e\r\n\u003cli\u003eWe are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/li\u003e\r\n\u003cli\u003eOur operations are subject to environmental laws and complying with those laws may cause us to incur significant costs;\u003c/li\u003e\r\n\u003cli\u003eWe may face reputational, regulatory or financial risks from a perceived, or an actual, failure to achieve our sustainability goals; and\u003c/li\u003e\r\n\u003cli\u003eThe recently received invalidation of our facility security clearance by the U.S. Defense Counterintelligence and Security Agency could impact potential future business as well as adversely affect our operating results.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eGeneral risks\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eFuture terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/li\u003e\r\n\u003cli\u003eOur performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u003cu\u003e\u0026nbsp;\u003c/u\u003e\u003c/p\u003e\r\n\u003cp\u003eWhile we believe we have identified and discussed above the material risks affecting our business, there may be additional factors, risks and uncertainties not currently known to us or that we currently consider immaterial that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. Any forward-looking statement speaks only as of the date on which it is made, and we disclaim any obligation to update any forward-looking statement made in this report, except as required by law.\u003cu\u003e\u003c/u\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2023-11-03T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2023/moog-reports-fourth-quarter-results-2023.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Cash Dividend ","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems,\r\ndeclared a quarterly dividend of $0.27 per share on the Company’s","description":"\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems,\u003c/p\u003e\r\n\u003cp\u003edeclared a quarterly dividend of $0.27 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on December 8, 2023 to all shareholders of record as of the close of business on November 22, 2023.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $9 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003cbr /\u003e\r\n\u003cbr /\u003e\r\n\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, defense systems, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2023-11-03T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2023/moog-announces-cash-dividend-q4-2023.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. to Announce Fiscal 2023 Fourth Quarter and Full Year Earnings Webcast on November 3, 2023","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its fourth quarter and full year fiscal 2023 earnings on Friday, November 3, 2023. In conjunction with this release, Pat Roche, CEO, and Jennifer Walter, CFO, will host a conference call beginning at 10:00 a.m. ET, ","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its fourth quarter and full year fiscal 2023 earnings on Friday, November 3, 2023. In conjunction with this release, Pat Roche, CEO, and Jennifer Walter, CFO, will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live online.\u003c/p\u003e\r\n\u003cp\u003eListeners can access the conference call live or in replay mode at \u003ca href\u003d\"/content/sites/global/en/OLD-investors/communications.html\" target\u003d\"_blank\"\u003e\u003cb\u003ewww.moog.com/investors/communications\u003c/b\u003e/\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003ePlease allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 45 days.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog is a worldwide designer, manufacturer, and systems integrator of high-performance precision motion and fluid controls and controls systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, defense systems, missiles, automated industrial machinery, marine and medical equipment. Additional information about the Company can be found at \u003ca href\u003d\"/content/sites/global/en.html\"\u003e\u003cb\u003ewww.moog.com\u003c/b\u003e\u003c/a\u003e.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2023-10-19T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2023/moog-announces-fourth-quarter-earning-webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog To Present At Gabelli Aircraft \u0026 Defense Symposium","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) announced today that Pat Roche, CEO, and Jennifer Walter, CFO, will present at the 29th Annual Gabelli Aerospace \u0026 Defense Symposium on Thursday, September 7, 2023 at 9:30 a.m. ET. ","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) announced today that Pat Roche, CEO, and Jennifer Walter, CFO, will present at the 29\u003csup\u003eth\u003c/sup\u003e Annual Gabelli Aerospace \u0026amp; Defense Symposium on Thursday, September 7, 2023 at 9:30 a.m. ET.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog is a worldwide designer, manufacturer, and systems integrator of high-performance precision motion and fluid controls and controls systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the Company can be found at \u003ca href\u003d\"http://www.moog.com/\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2023-09-06T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2023/moog-present-at-gabelli.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"MOOG INC. ANNOUNCES CASH DIVIDEND ","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc., a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems, declared a quarterly dividend of $0.27 per share on the Company’s .... ","description":"\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems, declared a quarterly dividend of $0.27 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on August 28, 2023 to all shareholders of record as of the close of business on August 11, 2023.\u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $9 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003cbr\u003e\r\n \u003cbr\u003e\r\n\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2023-07-28T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2023/moog-announces-cash-dividend-q3-2023.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Reports Third Quarter 2023 Results With Record Sales And Increases Full-Year Earnings Per Share Guidance ","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems, today reported third quarter 2023 diluted earnings per share of $1.32 and ......","description":"\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems, today reported third quarter 2023 diluted earnings per share of $1.32 and adjusted diluted earnings per share of $1.37.\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003ctable border\u003d\"1\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"645\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"342\" valign\u003d\"bottom\"\u003e\u003cp\u003e(in millions, except per share results)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"342\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eQ3 2023\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eQ3 2022\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eDeltas\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"342\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet sales\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 850\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 773\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e10 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"342\" valign\u003d\"bottom\"\u003e\u003cp\u003eOperating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e9.9 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e10.3 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e-40 bps\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"342\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted operating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e10.2 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e10.5 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e-30 bps\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"342\" valign\u003d\"bottom\"\u003e\u003cp\u003eDiluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 1.32\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 1.57\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e(16) %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"342\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted diluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 1.37\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 1.61\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e(15) %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"342\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted free cash flow\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ (19)\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ (18)\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e$\u0026nbsp; (2)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"645\" colspan\u003d\"4\" valign\u003d\"top\"\u003e\u003cp\u003eSee the reconciliations of adjusted financial results to reported results included in the financial statements herein for the quarters ended July 1, 2023 and July 2, 2022.\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eQuarter Highlights\u003cu\u003e\u003cbr\u003e\r\n \u003cbr\u003e\r\n\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eNet sales were $850 million, an increase of 10% compared to the third quarter from a year ago, with increases across all three reporting segments. Excluding divestitures, sales increased 11%.\u003c/li\u003e\r\n\u003cli\u003eAdjusted operating margin of 10.2% decreased from 10.5% as compared to a year ago. We incurred additional charges on space vehicle development programs of 150 basis points. This pressure was mostly offset by incremental profit from our initiatives and higher sales volumes.\u003c/li\u003e\r\n\u003cli\u003eAdjusted diluted earnings per share decreased 15%, as higher interest and corporate expenses were partially offset by increased operating profit.\u003c/li\u003e\r\n\u003cli\u003eFree cash flow use in the third quarter resulted from growth in net working capital balances, in particular physical inventories.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026quot;Our second consecutive quarter of record sales was a great achievement for our entire staff,\u0026quot; said Pat Roche, CEO. \u0026quot;We are starting to see the benefits from our simplification and pricing initiatives feeding through in our operational performance.\u0026quot;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSegment Results\u003cu\u003e\u003cbr\u003e\r\n \u003cbr\u003e\r\n\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eAircraft Controls sales in the third quarter of 2023 increased 12% compared to the third quarter of 2022. Sales for commercial OEM programs increased 47%, to $126 million, matching the pre-pandemic sales levels. The year-over-year increase was driven by the continued market recovery in widebody aircraft and business jet activity. Commercial aftermarket increased 14% due to higher spares volume, primarily on the Airbus A350 program. Military OEM sales were down 6% reflecting lower funded development activity. Adjusted operating margin was 10.9%, a 10 bps decrease, as the incremental operating profit from higher sales volume was offset by an unfavorable sales mix.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eSpace and Defense Controls sales increased 8% in the third quarter of 2023, and increased 11% after adjusting for the divestiture of the security business last year. The ramp to full-rate production for our reconfigurable turret program and the increased activity in the avionics business drove the sales increase.\u0026nbsp; Adjusted operating margin was 7.8%, down from last year’s third quarter margin of 11.4%. We incurred $14 million of additional charges on our space vehicle development programs in the quarter, which masked the benefits associated with higher sales and improvements in the core business.\u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems sales increased 9%. Excluding last year’s sonar business divestiture, sales increased 11%. The underlying sales growth was driven by the continued recovery in industrial automation programs, as well as higher demand for flight simulation systems. Also, adjusting for last year’s divestiture, energy sales increased. Adjusted operating margin of 11.5% increased from last year\u0027s third quarter margin of 8.7%. Benefits of our\u0026nbsp; pricing initiatives drove the increase in margin.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFree Cash Flow Results\u003cu\u003e\u003cbr\u003e\r\n \u003cbr\u003e\r\n\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eFree cash flow in the third quarter was a use of cash of $19 million. Working capital pressure was primarily due to growth in physical inventories, as we\u0027ve maintained material flow to ensure we meet our customers\u0027 deliveries while working through various constraints. Capital expenditures were $35 million in the quarter.\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e2023 Financial Guidance\u003cu\u003e\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e“Compared to a quarter ago, we are increasing our guidance for sales, adjusted operating profit and adjusted earnings per share, while modifying operating margin down slightly,\u0026quot; said Jennifer Walter, CFO. \u0026quot;Overall, we had a solid third quarter and our outlook for the fourth quarter looks strong.\u0026quot; Free cash flow guidance is now a use of $60 million, reflecting the third quarter growth in physical inventories.\u003cb\u003e\u003cu\u003e\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003ctable border\u003d\"1\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"672\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003e(in millions, except per share results)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"206\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eFY 2023 Guidance\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eCurrent\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003ePrevious\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet sales\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 3,250\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 3,190\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003eOperating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e11.0 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e11.1 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted operating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e10.9 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e11.0 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003eDiluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 5.82\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 5.81\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted diluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 5.75\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ 5.70\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003eFree cash flow\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e$ (60)\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e$\u0026nbsp; —\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003eEarnings per share figures are forecasted to be within range of +/- $0.10.\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003cp\u003e\u003cb\u003e\u003cu\u003e\u0026nbsp;\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eConference call information\u003cu\u003e\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog Inc. will host a conference call today beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. Pat Roche, CEO, and Jennifer Walter, CFO, will host the call. Listeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page 90 minutes prior to the conference call.\u003c/p\u003e\r\n\u003cp\u003e\u003cu\u003e\u0026nbsp;\u003c/u\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cbr\u003e\r\nInformation included or incorporated by reference in this press release that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements. In evaluating these forward-looking statements, you should carefully consider the factors set forth below.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eAlthough it is not possible to create a comprehensive list of all factors that may cause actual results to differ from the results expressed or implied by our forward-looking statements or that may affect our future results, some of these factors and other risks and uncertainties that arise from time to time are described in Item 1A “Risk Factors” of our Annual Report on Form 10-K and in our other periodic filings with the SEC and include the following:\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eStrategic risks\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eWe operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/li\u003e\r\n\u003cli\u003eOur research and development and innovation efforts are substantial and may not be successful, which could reduce our sales and earnings;\u003c/li\u003e\r\n\u003cli\u003eIf we are unable to adequately enforce and protect our intellectual property or defend against assertions of infringement, our business and our ability to compete could be harmed; and\u003c/li\u003e\r\n\u003cli\u003eOur sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or as we conduct divestitures.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eMarket condition risks\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eThe markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/li\u003e\r\n\u003cli\u003eWe depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/li\u003e\r\n\u003cli\u003eThe loss of The Boeing Company or Lockheed Martin as a customer or a significant reduction in sales to either company could adversely impact our operating results; and\u003c/li\u003e\r\n\u003cli\u003eWe may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eOperational risks\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eA reduced supply, as well as inflated prices, across various raw materials and third-party provided components and sub-assemblies within our supply chain could have a material impact on our ability to manufacture and ship our products, in addition to adversely impacting our operating profit and balance sheet;\u003c/li\u003e\r\n\u003cli\u003eWe face various risks related to health pandemics, such as the COVID-19 pandemic, which have had material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers;\u003c/li\u003e\r\n\u003cli\u003eIf our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/li\u003e\r\n\u003cli\u003eWe face, and may continue to face, risks related to information systems interruptions, intrusions or new software implementations, which may adversely affect our business operations;\u003c/li\u003e\r\n\u003cli\u003eWe may not be able to prevent, or timely detect, issues with our products and our manufacturing processes, which may adversely affect our operations and our earnings; and\u003c/li\u003e\r\n\u003cli\u003eThe failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003eFinancial risks\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eWe make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/li\u003e\r\n\u003cli\u003eWe enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/li\u003e\r\n\u003cli\u003eOur indebtedness and restrictive covenants under our credit facilities and indenture governing our senior notes could limit our operational and financial flexibility;\u003c/li\u003e\r\n\u003cli\u003eSignificant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/li\u003e\r\n\u003cli\u003eA write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth; and\u003c/li\u003e\r\n\u003cli\u003eUnforeseen exposure to additional income tax liabilities may affect our operating results.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eLegal and compliance risks\u003cu\u003e\u003c/u\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eContracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting standards, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/li\u003e\r\n\u003cli\u003eOur operations in foreign countries expose us to currency, political and trade risks and adverse changes in local legal and regulatory environments could impact our results of operations;\u003c/li\u003e\r\n\u003cli\u003eGovernment regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/li\u003e\r\n\u003cli\u003eWe are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/li\u003e\r\n\u003cli\u003eOur operations are subject to environmental laws and complying with those laws may cause us to incur significant costs; and\u003c/li\u003e\r\n\u003cli\u003eWe may face reputational, regulatory or financial risks from a perceived, or an actual, failure to achieve our sustainability goals.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u003cu\u003e\u0026nbsp;\u003c/u\u003e\u003c/p\u003e\r\n\u003cp\u003eGeneral risks\u003cb\u003e\u003c/b\u003e\u003cu\u003e\u003c/u\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eFuture terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/li\u003e\r\n\u003cli\u003eOur performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u003cu\u003e\u0026nbsp;\u003c/u\u003e\u003c/p\u003e\r\n\u003cp\u003eWhile we believe we have identified and discussed above the material risks affecting our business, there may be additional factors, risks and uncertainties not currently known to us or that we currently consider immaterial that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. Any forward-looking statement speaks only as of the date on which it is made, and we disclaim any obligation to update any forward-looking statement made in this report, except as required by law.\u003cu\u003e\u003c/u\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cu\u003e\u0026nbsp;\u003c/u\u003e\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2023-07-28T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2023/moog-reports-third-quarter-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Third Quarter Fiscal Year 2023 Earnings Webcast on July 28, 2023","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. will release its third quarter fiscal 2023 earnings for the period ended July 1, 2023 on Friday, July 28, 2023. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its third quarter fiscal 2023 earnings for the period ended July 1, 2023 on Friday, July 28, 2023. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet.\u0026nbsp;Pat Roche, CEO, and Jennifer Walter, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003eListeners can access the conference call live or in replay mode on the Internet at\u003ca href\u003d\"http://www.moog.com/investors/communications/\" title\u003d\"http://www.moog.com/investors/communications/\"\u003ehttp://www.moog.com/investors/communications/\u003c/a\u003e.\u0026nbsp; Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and\u0026nbsp;will be archived for 45 days.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the company can be found at\u0026nbsp;\u003cu\u003e\u003ca href\u003d\"http://www.moog.com\" title\u003d\"http://www.moog.com/\"\u003ewww.moog.com\u003c/a\u003e\u003c/u\u003e.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2023-07-20T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2023/moog-announces-third-quarter-earning-webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Investor Day Highlights ","openInANewTab":false,"articleTitleType":"h1","smallDescription":"EAST AURORA, N.Y.-- On Tuesday June 6, 2023, Moog Inc. (NYSE: MOG.A and MOG.B) hosted its first investor day under Chief Executive Officer Pat Roche. The event featured presentations from members of the executive leadership team who shared details on Moog\u0027s future direction and f","description":"\u003cp\u003eEAST AURORA, N.Y.-- On Tuesday June 6, 2023, Moog Inc. (NYSE: MOG.A and MOG.B) hosted its first investor day under Chief Executive Officer Pat Roche. The event featured presentations from members of the executive leadership team who shared details on Moog\u0027s future direction and financial targets.\u003c/p\u003e\r\n\u003cp\u003e“We are a strong company, with a proven record of growth in expanding markets,” said Pat Roche, CEO. “We have a clean line of sight to better profitability, enabled by our simplification and pricing initiatives that are already underway. This will be a significant change in performance over the next few years, one to which my leadership team and I are fully committed.”\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eBusiness Outlook\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eThe company reiterated its previously issued guidance for fiscal year 2023 with sales of $3.2 billion, adjusted operating margin of 11.0%, and adjusted earnings per share of $5.70 (forecasted to be within range of +/- $0.20). The summary below includes the newly issued outlook for 2026, using 2022 as a baseline, and other items shared at today\u0027s event.\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eCompound annual sales growth rate of 5-7%;\u003c/li\u003e\r\n\u003cli\u003e100 basis point average annual adjusted operating margin growth;\u003c/li\u003e\r\n\u003cli\u003e15-20% adjusted earnings per share compound annual growth rate; and\u003c/li\u003e\r\n\u003cli\u003e75-100% free cash flow conversion in 2025 and 2026.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"https://urldefense.com/v3/__https:/cts.businesswire.com/ct/CT?id\u003dsmartlink\u0026amp;url\u003dhttp*3A*2F*2Fwww.moog.com\u0026amp;esheet\u003d53417595\u0026amp;newsitemid\u003d20230609005102\u0026amp;lan\u003den-US\u0026amp;anchor\u003dwww.moog.com\u0026amp;index\u003d2\u0026amp;md5\u003dd9497276b82345fc43df0b853dc990d8__;JSUl!!EhqYCQ!dcqVc8mCx9lbJmpEmBKmFkysu_Nf26jEg-4y19ENp_cth_fFBEq5W_tEbKyUpA9swB3kblbKPG7ccGNSFD2COA$\"\u003ewww.moog.com\u003c/a\u003e.\u0026nbsp;\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/event"],"articleImageReference":"/content/dam/moog/literature/Corporate/Investors/2023-investor-day/Investor day 2023.JPG","startDate":"2023-06-08T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Event","right":"moog-news-and-events:type/event"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2023/investor-day-2023-highlights.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Investor Day on June 6, 2023","openInANewTab":false,"articleTitleType":"h1","smallDescription":"Moog Inc. will webcast the presentation from the Moog Investor Day 2023 in New York City on Tuesday, June 6, 2023, beginning at 9:30 a.m. ET. Moog Chief Executive Officer Pat Roche and members of the executive leadership team will discuss the company’s fut","description":"\u003cp\u003eMoog Inc. (NYSE:MOG.A and MOG.B) will webcast the presentation from the Moog Investor Day 2023 in New York City on Tuesday, June 6, 2023, beginning at 9:30 a.m. ET. Moog Chief Executive Officer Pat Roche and members of the executive leadership team will discuss the company’s future business direction and financial targets.\u003c/p\u003e\r\n\u003cp\u003eThe event will be recorded in its entirety, and all interested parties are invited to access a live audio webcast or as an archived recording through the Company’s website at \u003ca href\u003d\"https://www.moog.com/investors/communications.html\"\u003e\u003cb\u003ehttps://www.moog.com/investors/communications.html\u003c/b\u003e\u003c/a\u003e. \u003cbr /\u003e\r\nA copy of the event slide presentation will be available on the Company’s website at \u003ca href\u003d\"https://www.moog.com/investors/communications.html\"\u003e\u003cb\u003ehttps://www.moog.com/investors/communications.html\u003c/b\u003e\u003c/a\u003e on the morning of June 6, 2023 and prior to the 9:30 am ET start of the live event.\u003c/p\u003e\r\n\u003cp\u003ePlease allow 15 minutes prior to the call to visit the site to download and install any necessary audio software. The event will also be archived for replay. \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog \u003cbr /\u003e\r\n \u003c/b\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the company can be found at \u003cu\u003e\u003ca href\u003d\"http://www.moog.com/\"\u003ewww.moog.com\u003c/a\u003e\u003c/u\u003e.\u003c/p\u003e\r\n\u003cp\u003e\u003cu\u003e \u003c/u\u003e\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/event"],"articleImageReference":"/content/dam/moog/literature/Corporate/Investors/2023-investor-day/Investor day 2023.JPG","startDate":"2023-06-05T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Event","right":"moog-news-and-events:type/event"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2023/investor-day-2023.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Reports Second Quarter 2023 Results With Record Sales ","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY -- Moog Inc. a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems, today reported second quarter 2023 diluted earnings per share of ...","description":"\u003cp\u003e\u003ci\u003eReiterates full year adjusted 2023 earnings per share guidance\u003c/i\u003e\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems, today reported second quarter 2023 diluted earnings per share of $1.34 and adjusted diluted earnings per share of $1.42.\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003ctable border\u003d\"1\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"645\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"342\" valign\u003d\"bottom\"\u003e\u003cp\u003e(in millions, except per share results)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"342\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eQ2 2023\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eQ2 2022\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eDeltas\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"342\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet sales\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e$837\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e$771\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e9 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"342\" valign\u003d\"bottom\"\u003e\u003cp\u003eOperating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e10.0 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e7.4 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e260 bps\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"342\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted operating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e10.4 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e10.6 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e-20 bps\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"342\" valign\u003d\"bottom\"\u003e\u003cp\u003eDiluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e$1.34\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e$0.91\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e47 %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"342\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted diluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e$1.42\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e$1.49\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e(5) %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"342\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted free cash flow\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e$(101)\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e$(24)\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"101\" valign\u003d\"bottom\"\u003e\u003cp\u003e$(76)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"645\" colspan\u003d\"4\" valign\u003d\"top\"\u003e\u003cp\u003eSee the reconciliations of adjusted financial results to reported results included in the financial statements herein for the quarters ended April 1, 2023 and April 2, 2022.\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eQuarter Highlights\u003cu\u003e\u003cbr\u003e\r\n \u003cbr\u003e\r\n\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e▪\u0026nbsp;\u0026nbsp; Net sales were $837 million, an increase of 9% compared to the second quarter from a year ago, with increases across all three reporting segments. Excluding divestitures and foreign exchange impacts, sales increased 11%.\u003c/p\u003e\r\n\u003cp\u003e▪\u0026nbsp;\u0026nbsp; Adjusted operating margin of 10.4% was relatively unchanged from a year ago. Stronger operational performance was offset by several program charges and an unfavorable sales mix.\u003c/p\u003e\r\n\u003cp\u003e▪\u0026nbsp;\u0026nbsp; Adjusted diluted earnings per share decreased 5%, as $7 million of higher interest expense was partially offset by increased operating profit.\u003c/p\u003e\r\n\u003cp\u003e▪\u0026nbsp;\u0026nbsp; Adjusted free cash flow use in the second quarter of $101 million was driven by working capital consumption and elevated capital expenditures.\u003c/p\u003e\r\n\u003cp\u003e\u0026quot;Our sales were remarkable this quarter, a proud record for our company,\u0026quot; said Pat Roche, CEO. \u0026quot;Adjusted operating margin performance through the first half of the year was better than prior year and will be stronger in the second half of FY23. We took a big step in our simplification journey by moving away from a matrixed structure in Aircraft Controls towards two separate businesses. This change will drive greater clarity and performance.”\u003c/p\u003e\r\n\u003cp\u003e\u003ci\u003e\u0026nbsp;\u003c/i\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSegment Results\u003cu\u003e\u003cbr\u003e\r\n \u003cbr\u003e\r\n\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eAircraft Controls sales in the second quarter of 2023 increased 11%. Sales for commercial OEM programs increased significantly, up 56%, driven by market recovery in widebody aircraft and business jet activity. Commercial aftermarket increased 21% due to higher spares volume. Military OEM sales were down 5% reflecting lower funded development activity. Military aftermarket was down 18% compared to a very strong quarter a year ago. Adjusted operating margin was 9.5%, a 50 basis-point decrease, the result of an unfavorable sales mix in the quarter.\u003c/p\u003e\r\n\u003cp\u003eSpace and Defense Controls sales increased 10% in the second quarter of 2023, mostly driven by increased activity in the avionics business and the ramp to full-rate production for the reconfigurable turret. Adjusting for the divestiture of the security business last year, segment sales increased 12%. Adjusted operating margin was 11.7%, 10 basis points higher than last year’s second quarter. Benefits associated with higher sales and improvements in the core business were mostly offset by additional charges on our space vehicle development programs.\u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems sales increased 3%. Excluding foreign currency movements and last year’s sonar business divestiture, sales increased 8%. The underlying sales growth was related to continued recovery in industrial automation products. Sales of medical products were mostly unchanged while simulation and test products were lower on order timing. Adjusting for last year’s divestiture, energy sales were unchanged. Adjusted operating margin of 10.4% decreased 10 basis points, reflecting operational charges taken in the quarter, offset by incremental sales volume.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFree Cash Flow Results\u003cu\u003e\u003cbr\u003e\r\n \u003cbr\u003e\r\n\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eAdjusted free cash flow in the second quarter was a use of cash of $101 million. Capital expenditures were $60 million in the quarter and included $28 million for the purchase of a building to support\u0026nbsp; business growth. Working capital pressure was tied to receivables growth associated with higher sales, supply chain constraints, and the work-down of customer advances for defense programs.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e2023 Financial Guidance\u003cu\u003e\u003cbr\u003e\r\n \u003cbr\u003e\r\n\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e“We are increasing our sales guidance slightly to $3.2 billion,\u0026quot; said Jennifer Walter, CFO. \u0026quot;In addition, we are reiterating our fiscal year 2023 guidance for the company’s adjusted operating margin and adjusted earnings per share. Overall, we had a good first half of the year and our outlook for the rest of the year looks strong.\u0026quot;\u003cb\u003e\u003cu\u003e\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003ctable border\u003d\"1\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"672\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003e(in millions, except per share results)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"206\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eFY 2023 Guidance\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eCurrent \u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003ePrevious\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet sales\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e$3,190\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e$3,175\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003eOperating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e11.1\u0026nbsp; %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e11.2\u0026nbsp; %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted operating margin\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e11.0\u0026nbsp; %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e11.0\u0026nbsp; %\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003eDiluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e$5.81\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e$5.89\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdjusted diluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e$5.70\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e$5.70\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003eFree cash flow\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e$—\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e$100\u0026nbsp;\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"466\" valign\u003d\"bottom\"\u003e\u003cp\u003eEarnings per share figures are forecasted to be within range of +/- $0.20.\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"103\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eFree cash flow guidance is now zero. This change reflects an increase in working capital requirements largely due to the second quarter pressures, and investments to support the business.\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog Inc. will host a conference call today beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. Pat Roche, CEO, and Jennifer Walter, CFO, will host the call. Listeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page 90 minutes prior to tference call.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cbr\u003e\r\nInformation included or incorporated by reference in this press release that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements. In evaluating these forward-looking statements, you should carefully consider the factors set forth below.\u003c/p\u003e\r\n\u003cp\u003eAlthough it is not possible to create a comprehensive list of all factors that may cause actual results to differ from the results expressed or implied by our forward-looking statements or that may affect our future results, some of these factors and other risks and uncertainties that arise from time to time are described in Item 1A “Risk Factors” of our Annual Report on Form 10-K and in our other periodic filings with the SEC and include the following:\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eStrategic risks\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; Our research and development and innovation efforts are substantial and may not be successful, which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; If we are unable to adequately enforce and protect our intellectual property or defend against assertions of infringement, our business and our ability to compete could be harmed; and\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or as we conduct divestitures.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eMarket condition risks\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; The loss of The Boeing Company or Lockheed Martin as a customer or a significant reduction in sales to either company could adversely impact our operating results; and\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eOperational risks\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; A reduced supply, as well as inflated prices, across various raw materials and third-party provided components and sub-assemblies within our supply chain could have a material impact on our ability to manufacture and ship our products, in addition to adversely impacting our operating profit and balance sheet;\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; We face various risks related to health pandemics, such as the COVID-19 pandemic, which have had material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers;\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; We face, and may continue to face, risks related to information systems interruptions, intrusions or new software implementations, which may adversely affect our business operations;\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes, which may adversely affect our operations and our earnings; and\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eFinancial risks\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; Our indebtedness and restrictive covenants under our credit facilities and indenture governing our senior notes could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth; and\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; Unforeseen exposure to additional income tax liabilities may affect our operating results.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eLegal and compliance risks\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting standards, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; Our operations in foreign countries expose us to currency, political and trade risks and adverse changes in local legal and regulatory environments could impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; We are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; Our operations are subject to environmental laws and complying with those laws may cause us to incur significant costs; and\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; We may face reputational, regulatory or financial risks from a perceived, or an actual, failure to achieve our sustainability goals.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eGeneral risks\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e▪\u0026nbsp;\u0026nbsp; Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; Our performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eWhile we believe we have identified and discussed above the material risks affecting our business, there may be additional factors, risks and uncertainties not currently known to us or that we currently consider immaterial that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. Any forward-looking statement speaks only as of the date on which it is made, and we disclaim any obligation to update any forward-looking statement made in this report, except as required by law.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2023-04-28T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2023/moog-reports-second-quarter-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"MOOG INC. ANNOUNCES CASH DIVIDEND ","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems,\r\ndeclared a quarterly dividend of $0.27 per share ...","description":"\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems,\u003c/p\u003e\r\n\u003cp\u003edeclared a quarterly dividend of $0.27 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on May 30, 2023 to all shareholders of record as of the close of business on May 12, 2023.\u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $9 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003cbr\u003e\r\n \u003cbr\u003e\r\n\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2023-04-28T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2023/moog-announces-cash-dividend-q2-2023.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Investor Day on June 6, 2023","openInANewTab":false,"articleTitleType":"h1","smallDescription":"Moog Inc. (NYSE:MOG.A and MOG.B) announced today that the company will host an Investor Day for analysts and institutional investors at the Harvard Club in New York City on Tuesday, June 6, 2023, with management presentations scheduled to begin at 9:30 a.m. ET. ","description":"\u003cp\u003eMoog Inc. (NYSE:MOG.A and MOG.B) announced today that the company will host an Investor Day for analysts and institutional investors at the Harvard Club in New York City on Tuesday, June 6, 2023, with management presentations scheduled to begin at 9:30 a.m. ET.\u003c/p\u003e\r\n\u003cp\u003eMoog Chief Executive Officer Pat Roche and members of the executive leadership team will discuss the company’s future business direction and financial targets. The event will include an opportunity for Q\u0026amp;A following management presentations.\u003c/p\u003e\r\n\u003cp\u003eDue to limited capacity, in-person attendance is limited to analysts and institutional investors. To request an invitation, or to request information on virtual participation options, please contact Investor Relations at mooginvestorday@moog.com.\u003c/p\u003e\r\n\u003cp\u003eA live audio webcast and a full copy of the presentation materials will be available on the investor section of Moog’s website prior to the start of the meeting on June 6, 2023. A replay of the webcast will also be made available and archived shortly after the event. For access, visit https://www.moog.com/investors/communications.html.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eEvent Contact: \u003c/b\u003e\u003cbr /\u003e\r\nInvestor Relations 716-687-4225\u003cbr /\u003e\r\nmooginvestorday@moog.com\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2023-04-28T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2023/moog-announces-investors-day-2023.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Second Quarter Fiscal Year 2023 Earnings Webcast on April 28, 2023","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its second quarter fiscal 2023 earnings for the period ended April 1, 2023 on Friday, April 28, 2023. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its second quarter fiscal 2023 earnings for the period ended April 1, 2023 on Friday, April 28, 2023. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. Pat Roche, CEO, and Jennifer Walter, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 45 days.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the company can be found at \u003cu\u003ewww.moog.com\u003c/u\u003e.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2023-04-20T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2023/moog-announces-second-quarter-earning-webcast1.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Executive Leadership Changes","openInANewTab":false,"articleTitleType":"h1","smallDescription":"Moog Inc. (NYSE: MOG.A and MOG.B) has announced several executive leadership changes that are effective immediately. These changes were announced in a filing with the SEC on February 9, 2023.","description":"\u003cp\u003eMoog Inc. (NYSE: MOG.A and MOG.B) has announced several executive leadership changes that are effective immediately. These changes were announced in a filing with the SEC on February 9, 2023.\u003c/p\u003e\r\n\u003cp\u003eThe Board of Directors has elected Mark Trabert as Executive Vice President and Chief Operating Officer. Previously Mr. Trabert served as Vice President and President, Aircraft. He replaces Pat Roche who became the Company’s Chief Executive Officer effective February 1, 2023.\u003c/p\u003e\r\n\u003cp\u003eMaureen Athoe, Vice President and President, Space and Defense is retiring after a 39-year career with the company. Ms. Athoe will support a smooth transition over the next few months.\u003c/p\u003e\r\n\u003cp\u003eCoinciding with these changes, Moog’s Board of Directors elected the following new corporate officers of the company:\u003c/p\u003e\r\n\u003cp\u003e• Joseph Alfieri was elected Vice President and President, Space and Defense, succeeding Ms. Athoe. Mr. Alfieri was previously the Group Vice President and General Manager of the Company’s mobile machinery business.\u003c/p\u003e\r\n\u003cp\u003e• Mark Graczyk was elected Vice President and President, Military Aircraft. Mr. Graczyk was previously the Group Vice President and Chief Business Officer for Aircraft Controls.\u003c/p\u003e\r\n\u003cp\u003e• Michael Schaff was elected Vice President and President, Commercial Aircraft. Mr. Schaff was previously the Group Vice President and General Manager of the Commercial Aircraft sector.\u003c/p\u003e\r\n\u003cp\u003eRegarding these leadership changes, Mr. Roche said, “First and foremost, I want to congratulate Maureen on her retirement and thank her for 39 years of dedicated commitment to Moog. She will certainly be missed. I am excited for the future of our company, given the strength of these leadership appointments.”\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"http://www.moog.com\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/white.jpg","startDate":"2023-03-01T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2023/moog-announces-executive-leadership-changes.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"MOOG INC. REPORTS FIRST QUARTER 2023 RESULTS WITH SALES GROWTH AND IMPROVING MARGINS","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems, today reported first quarter 2023 diluted earnings per share of $1.44 and adjusted diluted","description":"\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems, today reported first quarter 2023 diluted earnings per share of $1.44 and adjusted diluted earnings per share of $1.25.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eQuarter Highlights\u003cu\u003e\u003cbr\u003e\r\n\u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e▪\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Net sales were $760 million in the first quarter of 2023, an increase of 5% compared to the first quarter of 2022, reflecting higher sales across all three segments. Net sales increased 9% excluding the impacts of weaker foreign currencies and the lost sales associated with divested operations.\u003cbr\u003e\r\n▪\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Adjusted operating margin of 10.4% in the first quarter of 2023 increased compared to adjusted operating margin of 9.1% in the first quarter of 2022. The increase reflects higher sales volumes in Industrial Systems and improved sales mix in both Aircraft Controls and Industrial Systems.\u003cbr\u003e\r\n▪\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Adjusted diluted earnings per share increased 14% in the first quarter of 2023 compared to the first quarter of 2022. Stronger operating margin drove the higher earnings, partially offset by higher interest expense.\u003cbr\u003e\r\n▪\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Consolidated twelve-month backlog was $2.3 billion, an 8% increase from a year ago, and a 3% increase from the previous quarter.\u003c/p\u003e\r\n\u003cp\u003e“I’m pleased by our strong financial performance and how our employees, together, overcame many constraints to meet our increased customer demand,” said Pat Roche, Chief Executive Officer.\u0026nbsp; “As the new CEO, I am very excited for the future of Moog. We have a solid core business with positive growth drivers, and we are creating new opportunities by entering new markets and redefining our position in existing markets. My focus will be on organic growth and simplifying our business to enhance margins. I’m confident this will drive shareholder value.”\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSegment Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eAircraft Controls’ sales in the first quarter of 2023 increased 2%. Sales for commercial aftermarket programs increased significantly, driven by market recovery in widebody programs including the 787 and A350 programs. Partially offsetting this growth was lower military sales in both OEM and aftermarket programs due to the timing of activity. Adjusted operating margin increased 110 basis points to 9.6% resulting from a favorable sales mix along with lower research and development expenses.\u003c/p\u003e\r\n\u003cp\u003eSpace and Defense Controls’ sales increased 5% in the first quarter of 2023 compared to the first quarter of 2022, driven primarily by the production ramp of the reconfigurable turret program. Adjusted operating margin decreased 160 basis points to 9.4% as charges on space vehicle programs and supply chain pressures continued.\u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems’ sales increased 17%, excluding both the impacts of weaker foreign currencies and the prior year’s sales associated with a divested business. The underlying sales growth was most significant in industrial automation products and in simulation and test products. Adjusted operating margin increased more than 400 basis points to 12.3% due to incremental margin from stronger sales as well as a favorable sales mix.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFree Cash Flow Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eFree cash flow in the first quarter of 2023 was a $22 million use of cash. Working capital increased in the first quarter of 2023 due to continued supply chain pressures, higher production rates on the 787 program and delayed milestones for billings. Capital expenditures of $30 million in the first quarter of 2023 was $7 million lower than the first quarter of 2022.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e2023 Financial Guidance\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e“It was a great start to the year from an operational perspective. We achieved our adjusted earnings per share guidance of $1.25 despite the negative impact from the storms in Western New York,” said Jennifer Walter, Chief Financial Officer. “We are reiterating our fiscal year 2023 guidance for sales, adjusted operating margin and adjusted earnings per share. Our backlog is strong, and our performance is on track to achieve these results.”\u003c/p\u003e\r\n\u003cp\u003eThe company lowered its fiscal year 2023 free cash flow guidance due to an assumption change related to the previously anticipated repeal of the R\u0026amp;D expense amortization law.\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog Inc. will host a conference call today beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. Pat Roche, CEO, and Jennifer Walter, CFO, will host the call. Listeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page 90 minutes prior to the conference call.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this press release that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements. In evaluating these forward-looking statements, you should carefully consider the factors set forth below.\u003c/p\u003e\r\n\u003cp\u003eAlthough it is not possible to create a comprehensive list of all factors that may cause actual results to differ from the results expressed or implied by our forward-looking statements or that may affect our future results, some of these factors and other risks and uncertainties that arise from time to time are described in Item 1A “Risk Factors” of our Annual Report on Form 10-K and in our other periodic filings with the SEC and include the following:\u003c/p\u003e\r\n\u003cp\u003eStrategic risks\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp; Our research and development and innovation efforts are substantial and may not be successful, which could reduce our sales and earnings;\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp; If we are unable to adequately enforce and protect our intellectual property or defend against assertions of infringement, our business and our ability to compete could be harmed; and\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp; Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or as we conduct divestitures.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eMarket condition risks\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp; We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp; The loss of The Boeing Company or Lockheed Martin as a customer or a significant reduction in sales to either company could adversely impact our operating results; and\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp; We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eOperational risks\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp; A reduced supply, as well as inflated prices, across various raw materials and third-party provided components and sub-assemblies within our supply chain could have a material impact on our ability to manufacture and ship our products, in addition to adversely impacting our operating profit and balance sheet;\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp; We face various risks related to health pandemics, such as the COVID-19 pandemic, which have had material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers;\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp; If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp; We face, and may continue to face, risks related to information systems interruptions, intrusions or new software implementations, which may adversely affect our business operations;\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp; We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes, which may adversely affect our operations and our earnings; and\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp; The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eFinancial risks\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Our indebtedness and restrictive covenants under our credit facilities and indenture governing our senior notes could limit our operational and financial flexibility;\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth; and\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Unforeseen exposure to additional income tax liabilities may affect our operating results.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eLegal and compliance risks\u003c/p\u003e\r\n\u003cp\u003e•\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting standards, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Our operations in foreign countries expose us to currency, political and trade risks and adverse changes in local legal and regulatory environments could impact our results of operations;\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; We are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Our operations are subject to environmental laws and complying with those laws may cause us to incur significant costs; and\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; We may face reputational, regulatory or financial risks from a perceived, or an actual, failure to achieve our sustainability goals.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eGeneral risks\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e▪\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003cbr\u003e\r\n•\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Our performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.\u003c/p\u003e\r\n\u003cp\u003eWhile we believe we have identified and discussed above the material risks affecting our business, there may be additional factors, risks and uncertainties not currently known to us or that we currently consider immaterial that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. Any forward-looking statement speaks only as of the date on which it is made, and we disclaim any obligation to update any forward-looking statement made in this report, except as required by law.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2023-02-03T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2023/moog-reports-first-quarter-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"MOOG INC. ANNOUNCES INCREASED CASH DIVIDEND ","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc., a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems,declared a quarterly dividend of $0.27 per share on the Company’s issued and outstanding ","description":"\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and controls systems,\u003c/p\u003e\r\n\u003cp\u003edeclared a quarterly dividend of $0.27 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on March 6, 2023 to all shareholders of record as of the close of business on February 17, 2023. The $0.27 per share dividend represents a 4% increase over the previous dividend.\u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $9 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2023-02-03T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2023/moog-announces-cash-dividend.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces First Quarter Fiscal Year 2023 Earnings Webcast on February 3, 2023","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its fourth quarter and year-end earnings for the period ended October 1, 2022 on Friday, November 4, 2022. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its first quarter fiscal 2023 earnings for the period ended December 31, 2022 on Friday, February 3, 2023. In conjunction with this release, Moog will host a conference call with management beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet.\u003c/p\u003e\r\n\u003cp\u003eListeners can access the conference call live or in replay mode on the Internet at \u003cu\u003ehttps://www.moog.com/investors/communications\u003c/u\u003e/.\u0026nbsp; Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 45 days.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"/content/sites/global/en.html\" target\u003d\"_blank\"\u003e\u003cu\u003ewww.moog.com\u003c/u\u003e\u003c/a\u003e.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2023-01-26T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2023/moog-announces-first-quarter-earning-webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Successfully Steers Space Launch System Rocket on Artemis 1 Launch ","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. announced today that the company’s space products played a critical role in successfully launching Artemis 1, which is the first uncrewed test flight of NASA’s mission to return to the Moon. ","description":"\u003cp\u003e\u003ci\u003eMoog thrust vector control actuators and controllers steer each stage of the most powerful rocket ever built to ensure Artemis mission success\u003c/i\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk64456567\" id\u003d\"_Hlk64456567\"\u003e\u003c/a\u003eEast Aurora, NY (Nov. 16, 2022) – Moog Inc. (NYSE: MOG.A and MOG.B) announced today that the company’s space products played a critical role in successfully launching Artemis 1, which is the first uncrewed test flight of NASA’s mission to return to the Moon.\u003c/p\u003e\r\n\u003cp\u003eThe Space Launch System (SLS) rocket lifted off from Kennedy Space Center in Cape Canaveral, Florida early this morning. The rocket is the most powerful ever built, putting off 8.8 million pounds of thrust and traveling nearly 23,000 miles per hour. Moog actuators and controllers are responsible for controlling that power by precisely positioning the engines to steer all stages of the SLS rocket.\u003c/p\u003e\r\n\u003cp\u003eArtemis 1 is the first in a series of increasingly complex missions to build a long-term human presence on the lunar surface. This is the first integrated test of NASA’s deep space exploration systems, which include the SLS rocket, Orion Crew Capsule, and Ground Systems at Kennedy Space Center. The primary goal of Artemis 1 is to test all the systems with complicated maneuvers before astronauts fly Artemis 2, which is scheduled for no earlier than 2024.\u003c/p\u003e\r\n\u003cp\u003eThe Moog team designed, built, and tested several components essential to the mission. Additional Moog technology areas supporting the Artemis mission include avionics, environmental control and life support, propulsion, and spacecraft mechanisms. More than 500 Moog employees across the United States have contributed to Artemis 1.\u003c/p\u003e\r\n\u003cp\u003e“This is a mission about people building a path to the Moon and beyond. It would not have been possible without the hundreds of Moog team members who worked on Artemis and whose talent and dedication continue to drive Moog’s innovation for the next generation of space travel,” said Maureen Athoe, Moog Space and Defense Group President.\u003c/p\u003e\r\n\u003cp\u003e“I have seen the actuator controller program through design, development, qualification, and now production. It has been a lot of coordination across disciplines to ensure we are meeting the technical performance specifications. This launch is the culmination of years of work and dedication,” said Kristie Werth, Moog Senior Electrical Project Engineer.\u003c/p\u003e\r\n\u003cp\u003eOver the next 25 days, Orion will travel 40,000 miles past the moon, which is further than any spacecraft capable of carrying a crew has ever gone. The total distance traveled will be 1.3 million miles. Splashdown is scheduled for Sunday, December 11.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites, and space vehicles, launch vehicles, missiles, automated industrial machinery, and marine and medical equipment. Additional information about the company can be found at www.moog.com. For more information about Moog’s Artemis content, explore \u003ca href\u003d\"http://www.moog.com/artemis\"\u003ewww.moog.com/artemis\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eMoog is hosting downloadable multimedia elements, including video and full-length interviews at the links below. Please use a Moog Inc. courtesy when using elements for broadcast or publication.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eB-roll: \u003ca href\u003d\"https://moog.wistia.com/medias/sj65kmzffq\"\u003ehttps://moog.wistia.com/medias/sj65kmzffq\u003c/a\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eEdwin Byun, Moog Program Director Interview: \u003ca href\u003d\"https://moog.wistia.com/medias/zawqzttd44\"\u003ehttps://moog.wistia.com/medias/zawqzttd44\u003c/a\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eKristie Werth, Moog Senior Electrical Project Engineer Interview: \u003ca href\u003d\"https://moog.wistia.com/medias/t2bc8y47ps\"\u003ehttps://moog.wistia.com/medias/t2bc8y47ps\u003c/a\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eFor progress updates and multimedia elements from NASA, go to \u003ca href\u003d\"https://www.nasa.gov/artemis-1\"\u003ehttps://www.nasa.gov/artemis-1\u003c/a\u003e. For NASA elements, please credit NASA or other Mission partners.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"articleImageReference":"/content/dam/sites/moog/news-events/corporate-press-releases/2022/Artemis-Liftoff.jpg","startDate":"2022-11-16T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2022/moog-artemis-1-launch.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces CEO Transition","openInANewTab":false,"articleTitleType":"h1","smallDescription":"Moog Inc. announced today that John Scannell, Chairman and Chief Executive Officer, has announced his intention to retire as CEO effective February 1, 2023. He will continue to serve on Moog’s Board of Directors as Non-Executive Chairman. ","description":"\u003cp\u003eMoog Inc. (NYSE: MOG.A and MOG.B) announced today that John Scannell, Chairman and Chief Executive Officer, has announced his intention to retire as CEO effective February 1, 2023.\u003c/p\u003e\r\n\u003cp\u003eHe will continue to serve on Moog’s Board of Directors as Non-Executive Chairman.\u003c/p\u003e\r\n\u003cp\u003eMr. Scannell began his career with Moog in 1990. Prior to serving as Chief Executive Officer, Mr. Scannell held various roles in the company including Chief Operating Officer and Chief Financial Officer.\u003c/p\u003e\r\n\u003cp\u003e“On behalf of the entire Moog Board, I would like to thank John for his leadership and commitment to the company,” said Kraig Kayser, long-time Moog Board member. “John has continued the long legacy of driving innovation at Moog, and we are pleased that he will continue to serve as Chairman of the Board.”\u003c/p\u003e\r\n\u003cp\u003eMoog’s Board of Directors has appointed Patrick J. Roche to succeed Mr. Scannell as Chief Executive Officer effective February 1, 2023. Mr. Roche is currently Executive Vice President and Chief Operating Officer, a role he assumed in December 2021. Prior to that, Mr. Roche served as President of Moog’s Industrial Systems segment since 2015. He has held various engineering and management positions of increasing responsibility since first joining Moog in 2000.\u003c/p\u003e\r\n\u003cp\u003e“It’s been a great privilege to lead this company over the past eleven years. It’s been very rewarding to work alongside talented and dedicated individuals who are committed to Moog’s values and success,” said John Scannell. “Pat is well-positioned as our company’s next Chief Executive Officer. I look forward to Moog’s continued success under Pat’s leadership.”\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/white.jpg","startDate":"2022-11-16T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2022/moog-announces-ceo-transition.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Cash Dividend","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. has declared a quarterly dividend of $0.26 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. ","description":"\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $0.26 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on \u003ca name\u003d\"_Hlk54880382\" id\u003d\"_Hlk54880382\"\u003e\u003c/a\u003eDecember 5, 2022 to all shareholders of record as of the close of business on November 18, 2022.\u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $8 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2022-11-04T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2022/moog-announces-cash-dividend-q4-22.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Reports Fourth Quarter and Year End Results 2022 and Initial Guidance for Fiscal Year 2023","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter and fiscal year ended October 1, 2022.","description":"\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter and fiscal year ended October 1, 2022.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk54884471\" id\u003d\"_Hlk54884471\"\u003e\u003c/a\u003e\u003ca name\u003d\"_Hlk54881779\" id\u003d\"_Hlk54881779\"\u003e\u003c/a\u003e\u003cb\u003eFourth Quarter Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eSales of $768 million, up 6% from a year ago;\u003c/li\u003e\r\n\u003cli\u003eOperating margin of 8.6% and adjusted operating margin of 10.4%, up 80 basis points from a year ago;\u003c/li\u003e\r\n\u003cli\u003eEffective tax rate of 31.6%;\u003c/li\u003e\r\n\u003cli\u003eDiluted earnings per share of $0.92;\u003c/li\u003e\r\n\u003cli\u003eAdjusted diluted earnings per share of $1.36, up 8% from a year ago; and\u003c/li\u003e\r\n\u003cli\u003e$63 million in cash flow from operating activities and $52 million in adjusted cash flow from operating activities.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFull-Year 2022 Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eSales of $3.0 billion, up 6% from a year ago;\u003c/li\u003e\r\n\u003cli\u003eOperating margin of 9.3% and adjusted operating margin of 10.2%, up 50 basis points from a year ago;\u003c/li\u003e\r\n\u003cli\u003eEffective tax rate of 23.6%;\u003c/li\u003e\r\n\u003cli\u003eDiluted earnings per share of $4.83;\u003c/li\u003e\r\n\u003cli\u003eAdjusted diluted earnings per share of $5.56, up 14% from a year ago; and\u003c/li\u003e\r\n\u003cli\u003e$247 million in cash flow from operating activities and $147 million in adjusted cash flow from operating activities.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFiscal 2023 Guidance\u003c/b\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eSales of $3.2 billion, a 5% increase;\u003c/li\u003e\r\n\u003cli\u003eFull year operating margin of 11.0%, up 80 basis points;\u003cb\u003e\u003c/b\u003e\u003c/li\u003e\r\n\u003cli\u003eTax rate of 25.0%;\u003cb\u003e\u003c/b\u003e\u003c/li\u003e\r\n\u003cli\u003eDiluted earnings per share of $5.70, plus or minus $0.20; and\u003cb\u003e\u003c/b\u003e\u003c/li\u003e\r\n\u003cli\u003e$280 million in cash flow from operating activities.\u003cb\u003e\u003c/b\u003e\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSegment Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eAircraft Controls segment revenues in the quarter were $324 million, 9% higher year over year. Commercial aircraft revenues were $137 million, a 39% increase. Sales to commercial OEM customers were $95 million, driven by increases in sales for the Boeing book of business and strength in business jet sales. Commercial aftermarket sales increased 46% on strong repair and overhaul activity and higher 787 and A350 spares.\u003c/p\u003e\r\n\u003cp\u003eMilitary aircraft sales were $186 million, 6% lower year over year. Military OEM sales were down 6%, at $135 million. Supply chain constraints on the F-35 and V-22 programs contributed to the sales reduction. Military aftermarket sales were also off 6%.\u0026nbsp; \u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eFull-year Aircraft Controls segment sales increased 8%, to $1.26 billion. Commercial aircraft sales were 35% higher on OEM production rates. Commercial aftermarket sales were very strong, up 59%, as the recovery in air traffic accelerated. Total military aircraft sales were off 5%, at $745 million. Military OEM sales totaled $540 million, down 6% from a year ago, mostly tied to slower F-35 activity. Military aftermarket sales were down 1%, as lower F-18 and B-2 repairs were only partially offset by higher V-22 and F-15 repair volume.\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eSpace and Defense segment revenue in the quarter was $217 million, an increase of 9% year over year. Defense sales of $143 million increased 20%. The continued production ramp on the RIwP\u003csup\u003e®\u003c/sup\u003e turret for M-SHORAD drove the increase. Space sales were down 8%, to $75 million, on slowing hypersonic development and NASA launch vehicle activity.\u003c/p\u003e\r\n\u003cp\u003eSpace and Defense sales for the year increased 9%, to $872 million. Defense sales of $535 million were 15% higher as the RIwP turret production ramped. Space sales were $338 million, up 1%. Increased spacecraft component and avionics sales were partially offset by decreases in funded development and NASA activity.\u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems segment revenues in the quarter were $227 million, in line with a year ago. \u0026nbsp;Excluding the impact of foreign exchange movements, underlying sales increased 6%. Sales of products for industrial automation applications were $111 million, up 3% on demand for factory automation equipment. Medical product sales were $62 million, also up 3%, driven by growth of components used by OEMs. Energy sales were mostly flat at $31 million. Sales of simulation and test products were $23 million, down 10%.\u003c/p\u003e\r\n\u003cp\u003eFull-year Industrial Systems segment sales were $907 million, up 2%. Excluding the impact of foreign exchange movements, underlying sales increased 5%. Industrial automation sales of $435 million were 2% higher. Energy sales were up 4%, to $126 million. Simulation and test sales increased 12% as the flight simulator market improved. Sales of medical pumps and associated products, at $247 million, were 3% lower.\u003c/p\u003e\r\n\u003cp\u003eConsolidated 12-month backlog was $2.3 billion, up 9% from a year ago.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e“Fiscal ’22 was a record year for the company in terms of both sales and adjusted earnings per share,” said John Scannell, Chairman and CEO.\u0026nbsp; “Our commercial aircraft business recovered nicely and demand for our products was strong across all our major markets. The disruption from COVID receded during the course of the year but was replaced with supply chain challenges and labor constraints.\u0026nbsp;Despite these challenges, the company performed extremely well.\u0026nbsp;We are excited about our prospects for the future.\u0026nbsp;As we look to fiscal ’23, we anticipate another year of organic growth and margin expansion.”\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog Inc. will host a conference call today beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003eListeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page 90 minutes prior to the conference call.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk109900253\" id\u003d\"_Hlk109900253\"\u003e\u003c/a\u003e\u003cb\u003eCAUTIONARY STATEMENT\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this press release that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements. In evaluating these forward-looking statements, you should carefully consider the factors set forth below.\u003c/p\u003e\r\n\u003cp\u003eAlthough it is not possible to create a comprehensive list of all factors that may cause actual results to differ from the results expressed or implied by our forward-looking statements or that may affect our future results, some of these factors and other risks and uncertainties that arise from time to time are described in Item 1A “Risk Factors” of our Annual Report on Form 10-K and in our other periodic filings with the SEC and include the following:\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSTRATEGIC RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eWe operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/li\u003e\r\n\u003cli\u003eOur research and development and innovation efforts are substantial and may not be successful, which could reduce our sales and earnings;\u003c/li\u003e\r\n\u003cli\u003eIf we are unable to adequately enforce and protect our intellectual property or defend against assertions of infringement, our business and our ability to compete could be harmed; and\u003c/li\u003e\r\n\u003cli\u003eOur sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or as we conduct divestitures.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eMARKET CONDITION RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eThe markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/li\u003e\r\n\u003cli\u003eWe depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/li\u003e\r\n\u003cli\u003eThe loss of The Boeing Company or Lockheed Martin as a customer or a significant reduction in sales to either company could adversely impact our operating results; and\u003c/li\u003e\r\n\u003cli\u003eWe may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eOPERATIONAL RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eA reduced supply, as well as inflated prices, across various raw materials and third-party provided components and sub-assemblies within our supply chain could have a material impact on our ability to manufacture and ship our products, in addition to adversely impacting our operating profit and balance sheet;\u003c/li\u003e\r\n\u003cli\u003e\u0026nbsp;We face various risks related to health pandemics, such as the COVID-19 pandemic, which have had material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers;\u003c/li\u003e\r\n\u003cli\u003eIf our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/li\u003e\r\n\u003cli\u003eWe face, and may continue to face, risks related to information systems interruptions, intrusions and or new software implementations, which may adversely affect our business operations;\u003c/li\u003e\r\n\u003cli\u003eWe may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings; and\u003c/li\u003e\r\n\u003cli\u003eThe failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFINANCIAL RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eWe make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/li\u003e\r\n\u003cli\u003eWe enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/li\u003e\r\n\u003cli\u003eOur indebtedness and restrictive covenants under our credit facilities and indenture governing our senior notes could limit our operational and financial flexibility;\u003c/li\u003e\r\n\u003cli\u003eSignificant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/li\u003e\r\n\u003cli\u003eA write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth; and\u003c/li\u003e\r\n\u003cli\u003eUnforeseen exposure to additional income tax liabilities may affect our operating results.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eLEGAL AND COMPLIANCE RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eContracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting standards, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/li\u003e\r\n\u003cli\u003eOur operations in foreign countries expose us to currency, political and trade risks and adverse changes in local legal and regulatory environments could impact our results of operations;\u003c/li\u003e\r\n\u003cli\u003eGovernment regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/li\u003e\r\n\u003cli\u003eWe are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/li\u003e\r\n\u003cli\u003eOur operations are subject to environmental laws and complying with those laws may cause us to incur significant costs; and\u003c/li\u003e\r\n\u003cli\u003eWe may face reputational, regulatory or financial risks from a perceived, or an actual, failure to achieve our Environmental, Social and Governance (\u0026quot;ESG\u0026quot;) goals.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eGENERAL RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eFuture terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/li\u003e\r\n\u003cli\u003eOur performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003eWhile we believe we have identified and discussed above the material risks affecting our business, there may be additional factors, risks and uncertainties not currently known to us or that we currently consider immaterial that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results.\u0026nbsp;Any forward-looking statement speaks only as of the date on which it is made, and we disclaim any obligation to update any forward-looking statement made in this report, except as required by law.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/annual-reports"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2022-11-04T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Financial Press Releases","right":"moog-news-and-events:type/corporate-press-release/annual-reports"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2022/moog-reports-fourth-quarter-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Fourth Quarter and Year End 2022 Earnings Webcast on November 4, 2022","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its fourth quarter and year-end earnings for the period ended October 1, 2022 on Friday, November 4, 2022. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its fourth quarter and year-end earnings for the period ended October 1, 2022 on Friday, November 4, 2022. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 45 days.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the Company can be found at \u003ca href\u003d\"/content/sites/global/en.html\"\u003e\u003cu\u003ewww.moog.com\u003c/u\u003e.\u003c/a\u003e\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2022-10-27T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2022/moog-announces-fourth-quarter-earning-webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog and Komatsu to Demonstrate Fully Electric Wheel Loader","openInANewTab":false,"articleTitleType":"h1","smallDescription":"EAST AURORA, N.Y. Moog Inc. announced today that the company has collaborated with Komatsu to build a fully electric compact wheel loader machine. ","description":"\u003cp\u003eEAST AURORA, N.Y. Moog Inc. (NYSE: MOG.A and MOG.B) announced today that the company has collaborated with Komatsu to build a fully electric compact wheel loader machine. The companies will demonstrate the connected and automation-ready, zero-emission, battery-powered machine at bauma 2022 from October 24 - 30 in the Komatsu demo area (FM.713/1).\u003c/p\u003e\r\n\u003cp\u003eMoog’s intelligent machine electrification system includes an electric traction motor, lift, tilt and steering electric cylinders, power electronics, system control computer, battery, and battery management system. The integrated software acts as the system’s brain to connect and intelligently coordinate actions across the machine while the all-electric actuators and motors provide the muscle. The integrated nature of the system enables industry leading system efficiency and controllability.\u003c/p\u003e\r\n\u003cp\u003eKomatsu provided the vehicle-level design and assembly, including structural configurations that take advantage of Moog’s intelligent machine electrification system. “To achieve our CO2 emission reduction targets from products in use 50% by 2030 from 2010 levels, to achieve carbon neutrality by the end of 2050, we are looking for promising technologies from suppliers to accelerate our electric machine development,” said Seiichi Fuchita, Chief Technology Officer (CTO) and President of Development Division Komatsu. “The machine, built together with Moog, combines the strengths of both companies, and was finalized within a short period of time. We expect the joint testing will show the advantages of a fully electric machine and will prove collaboration is beneficial for both sides.”\u003c/p\u003e\r\n\u003cp\u003eBy seamlessly integrating multiple subsystems including power management, motion control, connectivity, and automation, the Moog system enables customers to develop their own differentiated offerings and bring their vision for next-generation machines to life, while decreasing development costs and the time to bring products to market.\u003c/p\u003e\r\n\u003cp\u003eThe companies plan to jointly test the all-electric loader after bauma 2022 to further prove the concept, which Moog and Komatsu expect will achieve a new level of efficiency, operating time, and comfort. The companies joint test will show they have extended the machine’s operating cycle and, with innovative assist functions, provided a fatigue-proof and comfortable environment for the operators to manage the machines and their day.\u003c/p\u003e\r\n\u003cp\u003eMoog has a long history of converting hydraulic systems to electric in industries including aerospace, defense, and industrial machinery for applications including simulators for air, sea, and land vehicles. Leveraging this expertise, Moog’s intelligent machine electrification system will help Komatsu control not only the loader’s motion but also its energy use to enhance run-time and cut maintenance costs compared to diesel alternatives.\u003c/p\u003e\r\n\u003cp\u003e“Our focus is accelerating electrification, automation, and connectivity by enabling the world’s safest, most sustainable, and most productive machines,” said Joe Alfieri, vice president and general manager for Moog’s construction business unit. “Our cooperation with Komatsu shows that industry leaders in the construction industry are ready for zero-emission machines and we are thrilled to collaborate with them to enable their journey with our production-ready electric, connected and automation systems.”\u003c/p\u003e\r\n\u003cp\u003eMoog’s intelligent machine electrification system is designed to be connected, automation-ready and ready to scale to production. The system has the sensing and control capabilities needed for automation while the integrated software framework comes with built-in tools to coordinate multiple axes of motion and precisely control torque, velocity, position, and force. This, paired with the system’s connectivity, will enable Moog’s customers to develop and deploy valuable automation functionality via over-the-air (OTA) feature updates.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, construction machines/sites, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"https://urldefense.com/v3/__https:/cts.businesswire.com/ct/CT?id\u003dsmartlink\u0026amp;url\u003dhttp*3A*2F*2Fwww.moog.com\u0026amp;esheet\u003d52939507\u0026amp;newsitemid\u003d20221007005078\u0026amp;lan\u003den-US\u0026amp;anchor\u003dwww.moog.com\u0026amp;index\u003d1\u0026amp;md5\u003dee491ccdb8544505ae58e605fc398bd1__;JSUl!!EhqYCQ!YOyIasJimxfLPjMVD3yVqdgz1cq0UDHJQzDWjBJAEZFeiP4Blr46kXd47coDe854NUqt00hZ9Xj0SngiZB_O_g$\"\u003ewww.moog.com\u003c/a\u003e. For more information on intelligent machine electrification and automation ecosystems for construction, go to \u003ca href\u003d\"https://urldefense.com/v3/__https:/cts.businesswire.com/ct/CT?id\u003dsmartlink\u0026amp;url\u003dhttp*3A*2F*2Fwww.moogconstruction.com\u0026amp;esheet\u003d52939507\u0026amp;newsitemid\u003d20221007005078\u0026amp;lan\u003den-US\u0026amp;anchor\u003dwww.moogconstruction.com\u0026amp;index\u003d2\u0026amp;md5\u003d12fb3839d6e6a357fb3f22e7e196b701__;JSUl!!EhqYCQ!YOyIasJimxfLPjMVD3yVqdgz1cq0UDHJQzDWjBJAEZFeiP4Blr46kXd47coDe854NUqt00hZ9Xj0SnhyCNNNdg$\"\u003ewww.moogconstruction.com\u003c/a\u003e bauma 2022 - Hall/Booth FN 982/2. \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Komatsu\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eKomatsu is an industry-leading manufacturer and supplier of equipment, technologies and services for the construction, forklift, mining, industrial and forestry markets. For over a century, Komatsu equipment and services have been used by companies worldwide to develop modern infrastructure, extract fundamental minerals, maintain forests and create technology and consumer products. The company’s global service and distributor networks support customer operations, tapping into the power of data and technology to enhance safety and productivity while optimizing performance. For more information, visit \u003ca href\u003d\"https://urldefense.com/v3/__https:/cts.businesswire.com/ct/CT?id\u003dsmartlink\u0026amp;url\u003dhttps*3A*2F*2Fwww.komatsu.jp*2Fen\u0026amp;esheet\u003d52939507\u0026amp;newsitemid\u003d20221007005078\u0026amp;lan\u003den-US\u0026amp;anchor\u003dhttps*3A*2F*2Fwww.komatsu.jp*2Fen\u0026amp;index\u003d3\u0026amp;md5\u003dd9a51dddcb532f554878eebcd5acf033__;JSUlJSUlJSU!!EhqYCQ!YOyIasJimxfLPjMVD3yVqdgz1cq0UDHJQzDWjBJAEZFeiP4Blr46kXd47coDe854NUqt00hZ9Xj0SnjX_7F_Sw$\"\u003ehttps://www.komatsu.jp/en\u003c/a\u003e bauma 2022 - Hall/Booth C6 / FM .713/1.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"articleImageReference":"/content/dam/sites/moog/images/News/WA electric 02.png","startDate":"2022-10-07T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2022/moog-and-komatsu.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Cash Dividend","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.26 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. ","description":"\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.26 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on \u003ca name\u003d\"_Hlk54880382\" id\u003d\"_Hlk54880382\"\u003e\u003c/a\u003eAugust 30, 2022 to all shareholders of record as of the close of business on August 12, 2022.\u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $8 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2022-07-29T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2022/moog-announces-cash-dividend-q3-2022.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Reports Third Quarter Results","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended July 2, 2022.\r\n","description":"\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended\u003cbr /\u003e\r\nJuly 2, 2022.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eThird Quarter Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· Sales of $773 million were up 9% from a year ago;\u003c/p\u003e\r\n\u003cp\u003e· GAAP diluted earnings per share of $1.57 included $0.03 per share in restructuring and impairment charges;\u003c/p\u003e\r\n\u003cp\u003e· Non-GAAP diluted adjusted earnings per share of $1.61, after rounding, up 44% from earnings per share a year ago;\u003c/p\u003e\r\n\u003cp\u003e· GAAP effective tax rate of 15.7% including the benefit of $0.15 per share from prior year provision to return adjustments;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· GAAP operating margins of 10.3% with adjusted operating margins of 10.5%; and\u003c/p\u003e\r\n\u003cp\u003e· $4 million GAAP cash flow from operating activities and $15 million adjusted cash flow from operating activities.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSegment Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eAircraft Controls segment revenues in the quarter were $318 million, 17% higher year over year. Commercial aircraft revenues were $137 million, a 43% increase. Sales to commercial OEM customers were $86 million, driven by increases in sales for the Boeing book of business and strength in business jet sales. Commercial aftermarket sales increased 87% on very strong repair and overhaul activity, a one-time retrofit program, and acquired sales from the TEAM Accessories acquisition.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eMilitary aircraft sales were $181 million, 3% higher year over year. Military OEM sales were up 3%, to $132 million, with increased funded development and helicopter sales compensating for lower fighter aircraft sales and lost sales from the divested Navaids business. Military aftermarket sales were mostly unchanged. \u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eSpace and Defense segment revenues were $224 million, an increase of 9% year over year. Defense sales of $135 million increased 14%. Higher sales of the RIwP\u003csup\u003e®\u003c/sup\u003e turret, tactical missile applications, and defense components more than offset lower sales for international vehicle programs. Space sales were 3% higher, at $88 million, as growth in sales of propulsion and avionics product lines, and integrated space vehicles, offset the winding down of hypersonic development activity.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems segment revenues in the quarter were $231 million, in line with a year ago. Excluding the impact of foreign exchange movements and lost sales from portfolio shaping activities, underlying organic sales increased 8%, with rate-adjusted sales higher in each of the four submarkets. Sales of products for industrial automation applications were $111 million, driven by demand for factory automation equipment. Energy sales were $31 million, with higher sales in both exploration and generation applications. Sales of simulation and test products were $25 million, tied to increased sales of flight simulation products. Medical product sales were $63 million, driven by growth of enteral feeding products.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eConsolidated 12-month backlog was $2.2 billion, up 10% from a year ago.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e“It was another good quarter for our business, with operational performance in line with our forecast and a tax benefit driving outsized EPS growth,” said John Scannell, Chairman and CEO. “The second half of our fiscal year is playing out as we anticipated. Our sales forecast for Q4 is in line with Q3, and our EPS forecast for Q4 is unchanged from 90 days ago. Demand for our products is strong across all our major markets and we’re managing well through the challenges posed by supply chain constraints, inflation, and labor availability.” \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFiscal 2022 Outlook\u003cbr /\u003e\r\n\u003cbr /\u003e\r\n\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eThe Company updated its fiscal 2022 projections and adjusted figures provided 90 days ago.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e· Forecasted sales of $3.0 billion, unchanged from 90 days ago;\u003c/p\u003e\r\n\u003cp\u003e· Forecasted GAAP diluted earnings per share of $5.36, and adjusted diluted earnings per share of $5.65, both\u003cbr /\u003e\r\nplus or minus $0.15;\u003c/p\u003e\r\n\u003cp\u003e· Forecasted GAAP operating margins of 9.9% and adjusted operating margins of 10.3%;\u003c/p\u003e\r\n\u003cp\u003e· Forecasted cash flow from operating activities of $276 million and adjusted cash flow from operating activities\u003cbr /\u003e\r\nof $176 million; and\u003c/p\u003e\r\n\u003cp\u003e· Forecasted GAAP effective tax rate of 22.3%.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call today beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eListeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page 90 minutes prior to the conference call.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog\u003cbr /\u003e\r\n\u003c/b\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk109900253\" id\u003d\"_Hlk109900253\"\u003e\u003c/a\u003e\u003cb\u003eCAUTIONARY STATEMENT \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements. In evaluating these forward-looking statements, you should carefully consider the factors set forth below.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eAlthough it is not possible to create a comprehensive list of all factors that may cause actual results to differ from the results expressed or implied by our forward-looking statements or that may affect our future results, some of these factors and other risks and uncertainties that arise from time to time are described in Item 1A “Risk Factors” of our Annual Report on\u003cbr /\u003e\r\nForm 10-K and in our other periodic filings with the SEC. There have been no material changes in the current year regarding our risk factors other than the following:\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eA reduced supply, as well as inflated prices, across various raw materials and third-party provided components and sub-assemblies within our supply chain could have a material impact on our ability to manufacture and ship our products, in addition to adversely impacting our operating profit and balance sheet.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eRefer to our Annual Report on form 10-K for a complete discussion of our risk factors, which include the following:\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCOVID-19 PANDEMIC RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· We face various risks related to health pandemics such as the global COVID-19 pandemic, which may have material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSTRATEGIC RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e· Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e· Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete; and\u003c/p\u003e\r\n\u003cp\u003e· Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or as we conduct divestitures.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u003cbr /\u003e\r\nMARKET CONDITION RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e· We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e· The loss of The Boeing Company or Lockheed Martin as a customer or a significant reduction in sales to either company could adversely impact our operating results; and\u003c/p\u003e\r\n\u003cp\u003e· We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eOPERATIONAL RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e· We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings;\u003c/p\u003e\r\n\u003cp\u003e· If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted; and\u003c/p\u003e\r\n\u003cp\u003e· The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFINANCIAL RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e· We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e· Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e· The phase out of LIBOR may negatively impact our debt agreements and financial position, results of operations and liquidity;\u003c/p\u003e\r\n\u003cp\u003e· Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e· A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth; and\u003c/p\u003e\r\n\u003cp\u003e· Unforeseen exposure to additional income tax liabilities may affect our operating results.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eLEGAL AND COMPLIANCE RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting standards, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e· Our operations in foreign countries expose us to currency, political and trade risks and adverse changes in local legal and regulatory environments could impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e· Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e· We are involved in various legal proceedings, the outcome of which may be unfavorable to us; and\u003c/p\u003e\r\n\u003cp\u003e· Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eGENERAL RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/p\u003e\r\n\u003cp\u003e· Our performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eWhile we believe we have identified and discussed above the material risks affecting our business, there may be additional factors, risks and uncertainties not currently known to us or that we currently consider immaterial that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. Any forward-looking statement speaks only as of the date on which it is made, and we disclaim any obligation to update any forward-looking statement made in this report, except as required by law.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003ca href\u003d\"/content/dam/moog/literature/Corporate/Investors/press-releases-pdf/2022/q3/Moog%207_29_2022_EARNINGS_PRESS%20RELEASE_Q3_2022.pdf\" target\u003d\"_blank\"\u003e\u003cb\u003eStatements\u003c/b\u003e\u003c/a\u003e\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2022-07-29T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2022/moog-reports-third-quarter-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Third Quarter Fiscal Year 2022 Earnings Webcast on July 29, 2022","openInANewTab":false,"articleTitleType":"h1","smallDescription":"Moog Inc. (NYSE: MOG.A and MOG.B) will release its third quarter fiscal 2022 earnings for the period ended July 2, 2022 on Friday, July 29, 2022. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET","description":"\u003cp\u003eMoog Inc. (NYSE: MOG.A and MOG.B) will release its third quarter fiscal 2022 earnings for the period ended\u0026nbsp;July 2, 2022\u0026nbsp;on\u0026nbsp;Friday, July 29, 2022. In conjunction with this release, Moog will host a conference call\u0026nbsp;beginning at\u0026nbsp;10:00 a.m. ET, which will be simultaneously broadcast live over the Internet.\u0026nbsp;John Scannell, Chairman and CEO, and\u0026nbsp;Jennifer Walter, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003eListeners can access the conference call live or in replay mode on the Internet at\u0026nbsp;\u003ca href\u003d\"https://www.moog.com/investors/communications.html\"\u003ehttps://www.moog.com/investors/communications.html\u003c/a\u003e. Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 45 days.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog\u0027s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the company can be found at\u0026nbsp;\u003ca href\u003d\"http://www.moog.com/\" title\u003d\"http://www.moog.com/\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2022-07-22T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2022/moog-announces-third-quarter-earning-webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Reports Second Quarter Results","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY - Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended January 1, 2022.","description":"\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended April 2, 2022.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSecond Quarter Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; Sales of $771 million were up 5% from a year ago;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; GAAP diluted earnings per share of $0.91 included $0.59 per share in restructuring and impairment charges;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; Non-GAAP diluted adjusted earnings per share of $1.49, up 12% from adjusted earnings per share a year ago;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; GAAP operating margins of 7.4% with adjusted operating margins of 10.6%;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; $23 million GAAP cash flow from operating activities and $13 million adjusted cash flow from operating activities;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; GAAP effective tax rate of 24.9% and adjusted effective tax rate of 24.4%.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSegment Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eAircraft Controls segment revenues in the quarter were $311 million, 2% higher year over year. Commercial aircraft revenues were $119 million, a 16% increase. Sales to commercial OEM customers were unchanged with an increase in A350, 737, and business jet sales compensating for slower sales of 787 and other OEM products. Commercial aftermarket sales increased 61% on very strong repair and overhaul activity, particularly on the 787 aircraft, and one-time sales of test equipment that were booked in the quarter.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eMilitary aircraft sales were $192 million, down 5% year over year. Military OEM sales were down 11%, to $137 million. Lower F-35 Joint Strike Fighter sales and foreign military sales were partially offset by increased V-22 sales. Military aftermarket sales were 14% higher on increases across multiple programs. \u0026nbsp;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eSpace and Defense segment revenues were $223 million, an increase of 8% year over year. Defense sales of $136 million increased 15%. Strong sales of the RIwP\u003csup\u003e®\u003c/sup\u003e turret and various components continued and offset lower sales for tactical missile applications. Space sales were mostly unchanged, at $87 million, the result of reduced hypersonic development activity and lower sales of heritage space components, offset by growth in sales of new space vehicles.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems segment sales in the quarter were $236 million, up 10% from a year ago, excluding the impact of foreign exchange movements and portfolio shaping activities. Sales of simulation and test products were 50% higher, as flight simulation activity for pilot training increased. Energy sales were up 14%, tied to the strength in oil prices and associated onshore and offshore exploration activity. Sales of products for industrial automation applications were down marginally, as the company completed minor portfolio shaping activities. Medical product sales were down 4%, the result of slower sales of components used in ventilators.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eIn the second quarter, the Company incurred $25 million of restructuring and impairment charges. Delayed recovery in the commercial aircraft OEM business resulted in $19 million of charges within the Aircraft Controls segment. The Company also recorded $4 million related to further portfolio refinements in the Space and Defense Controls and Industrial Systems segments and $2 million of asset write-downs related to exiting activities in Russia as a result of the invasion of Ukraine.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eConsolidated 12-month backlog was $2.3 billion, up 17% from a year ago.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e“We’re pleased with our results this quarter which came in ahead of forecast,” said John Scannell, Chairman and CEO. “Our backlog continues to grow, and our longer-term outlook remains positive. We’re managing through the on-going challenges associated with COVID and supply chain disruptions and are confident in meeting our forecast for the remainder of the year.”\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFiscal 2022 Outlook\u003cbr\u003e\r\n\u003cbr\u003e\r\n\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eThe Company updated its fiscal 2022 projections and adjusted figures provided 90 days ago.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; Forecasted sales of $3.0 billion;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; Forecasted GAAP diluted earnings per share of $5.24, and adjusted diluted earnings per share of $5.50, both\u003cbr\u003e\r\nplus or minus $0.20;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; Forecasted GAAP operating margins of 10.0% and adjusted operating margins of 10.3%;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; Forecasted cash flow from operating activities of $328 million and adjusted cash flow from operating activities\u003cbr\u003e\r\nof $228 million; and\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; Forecasted GAAP effective tax rate of 25.0% and adjusted effective tax rate of 25.4%.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call today beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eListeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page 90 minutes prior to the conference call.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog\u003cbr\u003e\r\n\u003c/b\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCAUTIONARY STATEMENT\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements. In evaluating these forward-looking statements, you should carefully consider the factors set forth below.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eAlthough it is not possible to create a comprehensive list of all factors that may cause actual results to differ from the results expressed or implied by our forward-looking statements or that may affect our future results, some of these factors and other risks and uncertainties that arise from time to time are described in Item 1A “Risk Factors” of our Annual Report on\u003cbr\u003e\r\nForm 10-K and in our other periodic filings with the SEC and include the following:\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCOVID-19 PANDEMIC RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; We face various risks related to health pandemics such as the global COVID-19 pandemic, which may have material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSTRATEGIC RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete; and\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or as we conduct divestitures.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eMARKET CONDITION RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; The loss of The Boeing Company or Lockheed Martin as a customer or a significant reduction in sales to either company could adversely impact our operating results; and\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eOPERATIONAL RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted; and\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFINANCIAL RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; The phase out of LIBOR may negatively impact our debt agreements and financial position, results of operations and liquidity;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth; and\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Unforeseen exposure to additional income tax liabilities may affect our operating results.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eLEGAL AND COMPLIANCE RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting standards, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Our operations in foreign countries expose us to currency, political and trade risks and adverse changes in local legal and regulatory environments could impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; We are involved in various legal proceedings, the outcome of which may be unfavorable to us; and\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eGENERAL RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Our performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eWhile we believe we have identified and discussed above the material risks affecting our business, there may be additional factors, risks and uncertainties not currently known to us or that we currently consider immaterial that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results.\u0026nbsp; Any forward-looking statement speaks only as of the date on which it is made, and we disclaim any obligation to update any forward-looking statement made in this report, except as required by law.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003ch2\u003e\u003ca href\u003d\"/content/dam/moog/literature/Corporate/Investors/press-releases-pdf/2022/q2/Earnings%20PR%204_29_2022.pdf\" target\u003d\"_blank\"\u003e\u003cb\u003eStatements\u003c/b\u003e\u003c/a\u003e\u003c/h2\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2022-04-29T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2022/moog-reports-second-quarter-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Cash Dividend","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.26 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock.","description":"\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.26 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on \u003ca name\u003d\"_Hlk54880382\" id\u003d\"_Hlk54880382\"\u003e\u003c/a\u003eMay 31, 2022 to all shareholders of record as of the close of business on May 13, 2022.\u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $8 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2022-04-29T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2022/moog-announces-cash-dividend-q2-2022.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Second Quarter Fiscal Year 2022 Earnings Webcast on April 29, 2022","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. will release its second quarter fiscal 2022 earnings for the period ended April 2, 2022 on Friday, April 29, 2022. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET.","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its second quarter fiscal 2022 earnings for the period ended April 2, 2022 on Friday, April 29, 2022. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003eListeners can access the conference call live or in replay mode on the Internet at http://www.moog.com/investors/communications/. Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 45 days.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the company can be found at \u003cu\u003ewww.moog.com\u003c/u\u003e.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2022-04-21T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2022/moog-announces-second-quarter-earning-webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Reports First Quarter Results","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY - Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended January 1, 2022.","description":"\u003cp\u003e\u003cb\u003eFirst Quarter Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; Sales of $724 million were up 6% from a year ago;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; GAAP diluted earnings per share of $1.44;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; Portfolio shaping activities, primarily related to the divestiture of the NAVAIDS business, contributed a $0.33 net gain;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; Non-GAAP diluted adjusted earnings per share of $1.11 were in line with the company’s guidance of 90 days ago;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; GAAP operating margins of 11.1% with adjusted operating margins of 9.1%;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; $157 million GAAP cash flow from operating activities;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; Amended the securitization facility such that certain receivables, up to $100 million, may be derecognized from the balance sheet; $90 million was derecognized as of the end of Q1;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; $68 million adjusted cash flow from operating activities;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; GAAP effective tax rate of 24.7% and adjusted effective tax rate of 24.0%; and\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; Today announced a 4% increase in the quarterly dividend, to $0.26.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSegment Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eAircraft Controls segment revenues in the quarter were $303 million, 6% higher year over year. Commercial aircraft revenues were $117 million, a 45% increase from a year ago. Sales to commercial OEM customers were up 47%. Commercial aftermarket sales increased 38% on repair and overhaul activity, particularly on the 787 aircraft.\u003c/p\u003e\r\n\u003cp\u003eMilitary aircraft sales were $186 million, down 10% year over year. Military OEM sales were down 9%, to $136 million, tied to lower foreign military sales and lower F-35 Joint Strike Fighter sales. Military aftermarket sales were 12% lower, on weaker sales across multiple programs.\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eSpace and Defense segment revenues were $208 million, an increase of 10% from last year. Space sales were up 13%, to $88 million, the result of increased sales for space vehicles and avionics. Defense sales of $120 million increased 9% year over year. Sales of the RIwP\u003csup\u003e®\u003c/sup\u003e turret were very strong and offset a decrease in sales of tactical missile components.\u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems segment sales in the quarter were $213 million, up 2% from a year ago. Energy sales were up 10%, the result of strengthening oil prices and associated offshore exploration activity. Sales of simulation and test products were 10% higher, tied to test projects in China. Sales of products for industrial automation applications increased 7%, with strength seen across the core portfolio. Medical product sales were down 12% compared to a very strong quarter a year ago.\u003c/p\u003e\r\n\u003cp\u003eConsolidated 12-month backlog was $2.2 billion, up 14% from a year ago.\u003c/p\u003e\r\n\u003cp\u003e“It was a solid quarter for our business, in line with our guidance of 90 days ago,” said John Scannell, Chairman and CEO. “The emergence of the Omicron variant made this quarter more challenging than we had projected, but we still achieved our plan. We had an exciting quarter for program successes and product announcements tied to our organic investments. Overall, business sentiment in our markets remains positive and our outlook is optimistic for the remainder of the year.”\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFiscal 2022 Outlook\u003cbr\u003e\r\n\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eThe Company updated its fiscal 2022 projections and adjusted figures provided 90 days ago.\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; Forecasted sales of $3.0 billion;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; Forecasted GAAP diluted earnings per share of $5.83, and adjusted diluted earnings per share of $5.50, both\u003cbr\u003e\r\nplus or minus $0.20;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; Forecasted GAAP operating margins of 10.8% and adjusted operating margins of 10.3%;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; Forecasted cash flow from operating activities of $338 million and adjusted cash flow from operating activities\u003cbr\u003e\r\nof $238 million; and\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp; Forecasted GAAP effective tax rate of 25.5% and adjusted effective tax rate of 25.4%.\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call today beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003eListeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page 90 minutes prior to the conference call.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog\u003cbr\u003e\r\n \u003c/b\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCAUTIONARY STATEMENT\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements. In evaluating these forward-looking statements, you should carefully consider the factors set forth below.\u003c/p\u003e\r\n\u003cp\u003eAlthough it is not possible to create a comprehensive list of all factors that may cause actual results to differ from the results expressed or implied by our forward-looking statements or that may affect our future results, some of these factors and other risks and uncertainties that arise from time to time are described in Item 1A “Risk Factors” of our Annual Report on\u003cbr\u003e\r\nForm 10-K and in our other periodic filings with the SEC and include the following:\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCOVID-19 PANDEMIC RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; We face various risks related to health pandemics such as the global COVID-19 pandemic, which may have material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSTRATEGIC RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete; and\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or as we conduct divestitures.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eMARKET CONDITION RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; The loss of The Boeing Company or Lockheed Martin as a customer or a significant reduction in sales to either company could adversely impact our operating results; and\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eOPERATIONAL RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted; and\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFINANCIAL RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; The phase out of LIBOR may negatively impact our debt agreements and financial position, results of operations and liquidity;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth; and\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Unforeseen exposure to additional income tax liabilities may affect our operating results.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eLEGAL AND COMPLIANCE RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting standards, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Our operations in foreign countries expose us to currency, political and trade risks and adverse changes in local legal and regulatory environments could impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; We are involved in various legal proceedings, the outcome of which may be unfavorable to us; and\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eGENERAL RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp; Our performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.\u003c/p\u003e\r\n\u003cp\u003eWhile we believe we have identified and discussed above the material risks affecting our business, there may be additional factors, risks and uncertainties not currently known to us or that we currently consider immaterial that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results.\u0026nbsp; Any forward-looking statement speaks only as of the date on which it is made, and we disclaim any obligation to update any forward-looking statement made in this report, except as required by law.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003ch2\u003e\u003ca href\u003d\"/content/dam/moog/literature/Corporate/Investors/press-releases-pdf/2022/q1/Q1%20Earnings%20Press%20Release_1_28_2022.pdf\" target\u003d\"_blank\"\u003e\u003cb\u003eStatements\u003c/b\u003e\u003c/a\u003e\u003c/h2\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2022-01-28T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2022/moog-reports-first-quarter-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Cash Dividend","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.26 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock.","description":"\u003cp\u003e\u003cb\u003eDividend increased to $0.26 per share\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.26 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on \u003ca name\u003d\"_Hlk54880382\" id\u003d\"_Hlk54880382\"\u003e\u003c/a\u003eFebruary 28, 2022 to all shareholders of record as of the close of business on February 11, 2022.\u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $8 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2022-01-28T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2022/moog-announces-cash-dividend.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Annual Meeting to be held Virtually","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. announced today that its 2022 Annual Meeting of Shareholders has been changed to a virtual webcast due to the ongoing public health impact of COVID-19, and to support the health and well-being of our shareholders and other meeting participants.","description":"\u003cp\u003e\u003cb\u003e2022 Annual Meeting of Shareholders Changed to Virtual Webcast\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) announced today that its 2022 Annual Meeting of Shareholders (“2022 Annual Meeting”) has been changed to a virtual webcast due to the ongoing public health impact of COVID-19, and to support the health and well-being of our shareholders and other meeting participants. The 2022 Annual Meeting will still be held at 10:00 a.m. ET on Tuesday, February 8, 2022, but as a live virtual webcast only. As described in the Company’s proxy materials previously distributed for the 2022 Annual Meeting, shareholders at the close of business on the record date of December 10, 2021 are entitled to attend and participate in the 2022 Annual Meeting.\u003c/p\u003e\r\n\u003cp\u003eTo attend, participate in, and/or vote during the virtual meeting, registered Class A shareholders may go to register.proxypush.com/moga and enter the control number found on the upper right-hand corner of their proxy card. Registered Class B shareholders may go to register.proxypush.com/mogb and enter the control number found on the upper right-hand corner of their proxy card. Beneficial shareholders should use the Class A or Class B registration link and enter the Class A or Class B meeting attendance number obtained from their bank, broker, or other nominee in advance of the meeting.\u003c/p\u003e\r\n\u003cp\u003eFor additional information regarding how shareholders may attend, participate in, and/or vote at the virtual 2022 Annual Meeting, please refer to the Company’s additional proxy soliciting material filed with the Securities and Exchange Commission with a date of January 25, 2022.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, and marine and medical equipment. Additional information about the Company can be found at \u003ca href\u003d\"http://www.moog.com\" target\u003d\"_blank\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2022-01-25T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2022/moog-annual-meeting-held-virtually.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Annual Meeting to be held Virtually","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. announced today that its 2022 Annual Meeting of Shareholders has been changed to a virtual webcast due to the ongoing public health impact of COVID-19, and to support the health and well-being of our shareholders and other meeting participants.","description":"\u003cp\u003e\u003cb\u003e2022 Annual Meeting of Shareholders Changed to Virtual Webcast\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) announced today that its 2022 Annual Meeting of Shareholders (“2022 Annual Meeting”) has been changed to a virtual webcast due to the ongoing public health impact of COVID-19, and to support the health and well-being of our shareholders and other meeting participants. The 2022 Annual Meeting will still be held at 10:00 a.m. ET on Tuesday, February 8, 2022, but as a live virtual webcast only. As described in the Company’s proxy materials previously distributed for the 2022 Annual Meeting, shareholders at the close of business on the record date of December 10, 2021 are entitled to attend and participate in the 2022 Annual Meeting.\u003c/p\u003e\r\n\u003cp\u003eTo attend, participate in, and/or vote during the virtual meeting, registered Class A shareholders may go to register.proxypush.com/moga and enter the control number found on the upper right-hand corner of their proxy card. Registered Class B shareholders may go to register.proxypush.com/mogb and enter the control number found on the upper right-hand corner of their proxy card. Beneficial shareholders should use the Class A or Class B registration link and enter the Class A or Class B meeting attendance number obtained from their bank, broker, or other nominee in advance of the meeting.\u003c/p\u003e\r\n\u003cp\u003eFor additional information regarding how shareholders may attend, participate in, and/or vote at the virtual 2022 Annual Meeting, please refer to the Company’s additional proxy soliciting material filed with the Securities and Exchange Commission with a date of January 25, 2022.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, and marine and medical equipment. Additional information about the Company can be found at \u003ca href\u003d\"http://www.moog.com\" target\u003d\"_blank\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2022-01-25T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2023/moog-annual-meeting-held-virtually.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces First Quarter Fiscal Year 2022 Earnings Webcast on January 28, 2022","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. will release its first quarter fiscal 2023 earnings for the period ended December 31, 2022 on Friday, February 3, 2023. In conjunction with this release, Moog will host a conference call with management beginning at 10:00 a.m. ET","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its first quarter fiscal 2022 earnings for the period ended January 1, 2022 on Friday, January 28, 2022. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003eListeners can access the conference call live or in replay mode on the Internet at http://www.moog.com/investors/communications/. Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 45 days.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the company can be found at \u003cu\u003ewww.moog.com\u003c/u\u003e.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2022-01-20T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2022/moog-announces-first-quarter-earning-webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Improves Healthcare Access, Convenience For Its Employees","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. announced today that the company has expanded its InHealth Wellness Center to help employees and their families live happier, healthier, and more productive lives. ","description":"\u003cp\u003e\u003cb\u003eEAST AURORA, NY. – \u003c/b\u003e\u003ca name\u003d\"_Hlk85804533\" id\u003d\"_Hlk85804533\"\u003e\u003c/a\u003eMoog Inc. announced today that the company has expanded its InHealth Wellness Center to help employees and their families live happier, healthier, and more productive lives. Located on Moog’s East Aurora campus, the center now offers pharmacy and eye care services for even more comprehensive care.\u003c/p\u003e\r\n\u003cp\u003eThe full-service pharmacy offers prescriptions at reduced copays, discounted over-the-counter products, and personal pharmacy consultations from pharmacists familiar with company health plans. The new eye care center provides exams with state-of-the-art medical equipment, prescription safety eyewear, eyeglass repairs and adjustments. A licensed Doctor of Optometry (O.D.)\u0026nbsp;is available to take a holistic approach to care, identifying chronic and acute conditions that go beyond vision alone.\u003c/p\u003e\r\n\u003cp\u003eMoog’s InHealth Wellness Center continues to offer medical care – including annual physicals, same-day appointments for sick visits, lab work, and vaccinations, plus physical therapy and nutrition counseling. For employees and their covered dependents on a Moog medical plan, most services are available at little to no cost. Using the center is optional for employees and their families but is not open to the public.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, and marine and medical equipment. Additional information about the company can be found at\u0026nbsp;\u003ca href\u003d\"https://www.moog.com/\" target\u003d\"_blank\"\u003e\u003cu\u003ewww.moog.com\u003c/u\u003e\u003c/a\u003e. Information on careers at Moog can be found at \u003ca href\u003d\"https://careers.moog.com/\" target\u003d\"_blank\"\u003e\u003cu\u003ewww.moog.com/careers\u003c/u\u003e\u003c/a\u003e. A video highlighting the features of Moog’s InHealth Wellness Center is available \u003ca href\u003d\"https://www.youtube.com/watch?v\u003dYLOloLrUhCU\" target\u003d\"_blank\"\u003e\u003cu\u003ehere\u003c/u\u003e\u003c/a\u003e.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"articleImageReference":"/content/dam/sites/moog/images/about-us/mooginhealth/MOOG_InHealth Logo_RGB.jpg","startDate":"2022-01-14T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2022/moog-inhealth.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Actuation Provides Precision Motion Control for Gremlins Air Recovery Mission","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY - Moog Inc. announced today that the company’s hardware played a critical role in a historic milestone in unmanned aviation by successfully launching and retrieving an X-61A Gremlins Air Vehicle (GAV) during the program\u0027s fourth flight test event in October ","tags":["moog-news-and-events:category/operating-group-news","moog-news-and-events:type/operating-group/space-and-defense","moog-news-and-events:industry/defense","moog-news-and-events:category/corporate-press-releases"],"articleImageReference":"/content/dam/sites/moog/images/News/opgroupnews/2022/dynetics-gremlins-thumb.jpg","startDate":"2022-01-12T00:00:00.000+01:00","categories":[{"left":"Operating Group News","right":"moog-news-and-events:category/operating-group-news"},{"left":"Space and Defense","right":"moog-news-and-events:type/operating-group/space-and-defense"},{"left":"Defense","right":"moog-news-and-events:industry/defense"},{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/operating-group-news/2022/moog-actuation-gremlins-air-recovery-mission.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. partners with Doosan Bobcat to create world\u0027s first All-Electric Compact Track Loader","openInANewTab":false,"articleTitleType":"h1","smallDescription":"EAST AURORA, NY – Moog Inc. announced today that the company is providing Doosan Bobcat with its intelligent machine electrification system to help Bobcat design and build the world’s first all-electric compact track loader.","description":"\u003cp\u003eMoog launches construction venture focused on accelerating electrification \u0026amp; automation\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eEAST AURORA, NY -\u0026nbsp;\u003c/b\u003eMoog Inc. (NYSE: MOG.A and MOG.B) announced today that the company is providing Doosan Bobcat with its intelligent machine electrification system to help Bobcat design and build the world’s first all-electric compact track loader: the award-winning Bobcat T7X, which does not use hydraulic parts or oil. The T7X is a zero-emission and all-electric machine with the power and performance of a diesel hydraulic machine but without the noise, emissions, and hydraulic leaks.\u003c/p\u003e\r\n\u003cp\u003eMoog’s intelligent machine electrification system consists of Moog’s integrated software framework, a sophisticated electric machine controller, lift and tilt electric cylinders, electric traction motors, and power electronics. With the help of Moog’s system, the T7X is a major step forward for the productivity, safety, and sustainability of construction machinery.\u003c/p\u003e\r\n\u003cp\u003e“Bobcat had a vision for an all-electric machine,” said Joe Baldi, director of strategy \u0026amp; partnerships for Moog. “Our conversation began with Moog’s all-electric actuators, but ultimately our talks led to the intelligent machine electrification system. Working in partnership with Bobcat, we were able to bring that all-electric vision to life in six months.”\u003c/p\u003e\r\n\u003cp\u003eMoog has a long history of converting hydraulic systems to electric in industries including aerospace, defense, and industrial machinery as well as in applications such as simulators for air, sea, and land vehicles. Leveraging this expertise, Moog’s intelligent machine electrification system helps the T7X control the motion of the tracks, as well as lift and tilt functions with industry-leading efficiency to enable a powerful zero-emission machine with significantly increased run time and reduced maintenance costs.\u003c/p\u003e\r\n\u003cp\u003e“To describe our contribution to the T7X in anatomical terms,” added Baldi, “we supplied the part of the brain that controls motion; the nervous system helping to intelligently coordinate actions, power, and sensor information; and the muscles, which are the all-electric actuators and motors.”\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eProduction-ready solution\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eOn January 4, 2022, in Las Vegas at CES 2022, Doosan Bobcat announced that Sunbelt Rentals will invest in a fleet of the all-electric T7X compact track loaders. The all-electric machines will be co-branded by Bobcat and Sunbelt and made available in 2022.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eMoog construction\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. has launched a new venture called Moog construction. “Our focus is accelerating electrification, automation, and connectivity by enabling the world’s safest, most sustainable, and most productive machines,” said Joe Alfieri, vice president and general manager for Moog construction.\u003c/p\u003e\r\n\u003cp\u003eMoog construction is bringing the intelligent machine electrification system to market for customers looking to create zero-emission, connected, and more automated machines.\u003c/p\u003e\r\n\u003cp\u003eBy seamlessly integrating multiple subsystems including power management, motion control, connectivity, and automation, Moog enables customers to develop their own differentiated offerings and bring their vision for next-generation machines to life, while decreasing development costs and the time to bring products to market.\u003c/p\u003e\r\n\u003cp\u003e“Our vision is to be the leading provider of electrification and automation solutions,” said John Scannell, chairman and CEO of Moog Inc. “This effort brings differentiated technology that will enable the construction industry to move to a more productive, safe, and sustainable future. Moog’s 70 years of experience supporting customers around the world means that we can draw on our existing infrastructure to manufacture, service, and support customers at scale.”\u003c/p\u003e\r\n\u003cp\u003eThe intelligent machine electrification system is designed to be connected and automation ready. Leveraging Moog’s deep expertise, the system has the sensing and control capabilities needed for automation while the integrated software framework comes with built-in tools to coordinate multiple axes of motion and precisely control torque, velocity, position, and force. This, paired with the system’s connectivity, enables Moog construction customers to develop and deploy valuable automation functionality via software updates more easily and continuously.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at\u0026nbsp;\u003ca href\u003d\"https://cts.businesswire.com/ct/CT?id\u003dsmartlink\u0026amp;url\u003dhttp%3A%2F%2Fwww.moog.com\u0026amp;esheet\u003d52522885\u0026amp;newsitemid\u003d20211105005166\u0026amp;lan\u003den-US\u0026amp;anchor\u003dwww.moog.com\u0026amp;index\u003d2\u0026amp;md5\u003d6b20de7db235d654055ad33aa17ace51\"\u003ewww.moog.com\u003c/a\u003e. For more information on intelligent machine electrification systems for construction, go to \u003ca target\u003d\"_blank\"\u003ewww.moog.com/construction\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"articleImageReference":"/content/dam/sites/moog/images/Bobcat-T7xProduct-TFD09025_(2).jpg","startDate":"2022-01-06T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2022/moog-partners-with-doosan-bobcat.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Cash Dividend","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. ","description":"\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on \u003ca name\u003d\"_Hlk54880382\" id\u003d\"_Hlk54880382\"\u003e\u003c/a\u003eDecember 6, 2021 to all shareholders of record as of the close of business on November 19, 2021.\u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $8 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"http://www.moog.com\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2021-11-05T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2021/moog-announces-cash-dividend-21-11.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Reports Fourth Quarter and Year End Results 2021 and Initial Guidance for Fiscal Year 2022","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY - Moog Inc. announced today financial results for the quarter and fiscal year ended October 2, 2021.","description":"\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter and fiscal year ended October 2, 2021.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk54884471\" id\u003d\"_Hlk54884471\"\u003e\u003c/a\u003e\u003ca name\u003d\"_Hlk54881779\" id\u003d\"_Hlk54881779\"\u003e\u003c/a\u003e\u003cb\u003eFourth Quarter Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk54881768\" id\u003d\"_Hlk54881768\"\u003e\u003c/a\u003e· Sales of $724 million, up 2% from a year ago;\u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk54881717\" id\u003d\"_Hlk54881717\"\u003e\u003c/a\u003e· GAAP diluted earnings per share of $1.07, up 32%, including $0.18 of one-time adjustments;\u003c/p\u003e\r\n\u003cp\u003e· Operating margins of 8.7%;\u003c/p\u003e\r\n\u003cp\u003e· Effective tax rate of 19.0%; and\u003c/p\u003e\r\n\u003cp\u003e· $63 million cash flow from operating activities\u003ca name\u003d\"_Hlk38378797\" id\u003d\"_Hlk38378797\"\u003e\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFull-Year 2021 Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· Sales of $2.9 billion, down 1% from a year ago;\u003c/p\u003e\r\n\u003cp\u003e· GAAP diluted earnings per share of $4.87, including $0.18 of one-time adjustments, up 1% from adjusted results a year ago;\u003c/p\u003e\r\n\u003cp\u003e· Operating margins of 9.5%;\u003c/p\u003e\r\n\u003cp\u003e· Effective tax rate of 22.8%; and\u003c/p\u003e\r\n\u003cp\u003e· $293 million cash flow from operating activities.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFiscal 2022 Guidance\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· Sales of $3.0 billion, a 6% increase;\u003c/p\u003e\r\n\u003cp\u003e· Forecast diluted earnings per share of $5.50, plus or minus $0.20;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· Forecast full year operating margins of 10.3%;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· Forecast tax rate of 25.5%; and\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· Forecast $338 million cash flow from operating activities.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSegment Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eAircraft Controls segment sales in the quarter were $298 million, 8% higher year over year. Total commercial aircraft revenues were $99 million, up 23%. Sales from the Genesys acquisition and strong sales to Airbus for the A350 compensated for lower 787 sales to Boeing. Commercial aftermarket sales increased 25% on strong 787 activity.\u003c/p\u003e\r\n\u003cp\u003eMilitary aircraft revenues in the quarter were up 2% to $199 million. OEM revenues were 12% higher, to $144 million. Increased funded development and acquired sales from the Genesys acquisition offset lower F-35 Joint Strike Fighter sales. Military aftermarket sales of $55 million were off 16% when compared to a very strong quarter last year.\u003c/p\u003e\r\n\u003cp\u003eFull-year Aircraft Controls segment sales were $1.16 billion, down 4%. Total military aircraft sales increased 8%, to $782 million. Military OEM sales, led by F-35 program sales and foreign military sales, were $574 million, an increase of 22%. Military aftermarket sales were off 17%, with the decrease tied to lower F-35 spares and V-22 repair volume. Sales to commercial customers were down 22%, with aftermarket down 7% year over year, all related to COVID challenges.\u003c/p\u003e\r\n\u003cp\u003eSpace and Defense segment sales in the quarter were $200 million, down 3% year over year. Space sales of $81 million were 3% lower on weakness in sales for launch vehicles, hypersonics, and satellite engines. Defense sales were down 4%, at $119 million, mainly tied to weaker sales of security products and missile controls.\u003c/p\u003e\r\n\u003cp\u003eSpace and Defense sales for the year increased 4%, to $799 million. Space sales were $333 million, up 13%, driven by increases across space vehicles and avionics. Defense sales of $466 million were off 2% on lower sales of security products and missile controls.\u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems segment sales in the quarter were $226 million, in line with last year’s fourth quarter, excluding foreign exchange adjustments. Industrial automation sales were up 11% on strength across the portfolio tied to increases in global capital spending. Energy sales increased 10% year over year as off-shore production activity picked-up in the quarter. Sales into simulation and test applications were mostly flat. Medical product sales decreased 17% on slowing demand for OEM components used for sleep therapy and imaging.\u003c/p\u003e\r\n\u003cp\u003eFull-year Industrial Systems segment sales were $892 million, down 2%. Industrial automation sales of $427 million were 5% higher. Energy sales were down 6%, at $120 million. Simulation and test sales were 13% lower as the flight simulator market has not rebounded from the effects of the pandemic. Sales of medical pumps and associated products, at $255 million, were 7% lower after the surge experienced last year.\u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk38360327\" id\u003d\"_Hlk38360327\"\u003e\u003c/a\u003eConsolidated 12-month backlog was $2.1 billion, up 24% from a year ago.\u003c/p\u003e\r\n\u003cp\u003e“As we entered fiscal ’21, we projected that COVID would be with us throughout the year and anticipated top and bottom results similar to the second half of fiscal ’20,” said John Scannell, Chairman and CEO. “Looking back on the year, our business performed much better than this. As we now enter fiscal ’22, we’re optimistic about the future, while remaining realistic about the challenges. We anticipate sales of just over $3 billion and earnings per share of $5.50, plus or minus $0.20, representing an increase of 6% on the top line and 13% on the bottom line.”\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call on Friday November 5, 2021 beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call. Listeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page approximately 90 minutes prior to the conference call.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"http://www.moog.com\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this press release that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements. In evaluating these forward-looking statements, you should carefully consider the factors set forth below.\u003c/p\u003e\r\n\u003cp\u003eAlthough it is not possible to create a comprehensive list of all factors that may cause actual results to differ from the results expressed or implied by our forward-looking statements or that may affect our future results, some of these factors and other risks and uncertainties that arise from time to time are described in Item 1A “Risk Factors” of our Annual Report on Form 10-K and in our other periodic filings with the SEC and include the following:\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCOVID-19 PANDEMIC RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· We face various risks related to health pandemics such as the global COVID-19 pandemic, which have had material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSTRATEGIC RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e· Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e· If we are unable to adequately enforce and protect our intellectual property or defend against assertions of infringement, our business and our ability to compete could be harmed; and\u003c/p\u003e\r\n\u003cp\u003e· Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or as we conduct divestitures.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eMARKET CONDITION RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e· We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e· The loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results; and\u003c/p\u003e\r\n\u003cp\u003e· We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eOPERATIONAL RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· Our business operations may be adversely affected by information systems interruptions, intrusions, or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e· We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings; \u003c/p\u003e\r\n\u003cp\u003e· If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted; and\u003c/p\u003e\r\n\u003cp\u003e· The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFINANCIAL RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e· We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e· Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e· The phase out of LIBOR may negatively impact our debt agreements and financial position, results of operations and liquidity;\u003c/p\u003e\r\n\u003cp\u003e· Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e· A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth; and\u003c/p\u003e\r\n\u003cp\u003e· Unforeseen exposure to additional income tax liabilities may affect our operating results.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eLEGAL AND COMPLIANCE RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting standards, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e· Our operations in foreign countries expose us to currency, political and trade risks and adverse changes in local legal and regulatory environments could impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e· Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business; \u003c/p\u003e\r\n\u003cp\u003e· We are involved in various legal proceedings, the outcome of which may be unfavorable to us; and\u003c/p\u003e\r\n\u003cp\u003e· Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eGENERAL RISKS\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/p\u003e\r\n\u003cp\u003e· Our performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eWhile we believe we have identified and discussed above the material risks affecting our business, there may be additional factors, risks and uncertainties not currently known to us or that we currently consider immaterial that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. Any forward-looking statement speaks only as of the date on which it is made, and we disclaim any obligation to update any forward-looking statement made in this report, except as required by law.\u003c/p\u003e\r\n\u003cp\u003e\u003cu\u003e \u003c/u\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cu\u003e \u003c/u\u003e\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/annual-reports"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2021-11-05T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Financial Press Releases","right":"moog-news-and-events:type/corporate-press-release/annual-reports"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2021/moog-reports-fourth-quarter-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Fourth Quarter and Year End 2021 Earnings Webcast on November 5, 2021","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. will release its fourth quarter and year-end earnings for the period ended October 2, 2021 on Friday, November 5, 2021. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its fourth quarter and year-end earnings for the period ended October 2, 2021 on Friday, November 5, 2021. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003eListeners can access the conference call live or in replay mode on the Internet at \u003cb\u003ehttp://www.moog.com/investors/communications/\u003c/b\u003e.\u0026nbsp; Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 45 days.\u003c/p\u003e\r\n\u003cp\u003e\u003cbr\u003e\r\nMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the Company can be found at \u003ca href\u003d\"/content/sites/global/en.html\"\u003e\u003cb\u003e\u003cu\u003ewww.moog.com\u003c/u\u003e.\u003c/b\u003e\u003c/a\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2021-10-28T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2021/moog-announces-fourth-quarter-earning-webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Reports Third Quarter 2021 Results","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY - Moog Inc. announced today financial results for the quarter ended July 3, 2021.","description":"\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended July 3, 2021.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eThird Quarter Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e· Sales of $707 million, up 8% from a year ago;\u003c/p\u003e\r\n\u003cp\u003e· GAAP diluted earnings per share of $1.12, up from ($0.39) a year ago;\u003c/p\u003e\r\n\u003cp\u003e· GAAP diluted earnings per share of $1.12 were up 20% over adjusted earnings per share of $0.93 a year ago;\u003c/p\u003e\r\n\u003cp\u003e· Operating margins of 9.2%;\u003c/p\u003e\r\n\u003cp\u003e· Effective tax rate of 25.7%; and\u003c/p\u003e\r\n\u003cp\u003e· $93 million cash flow from operating \u003ca name\u003d\"_Hlk38378797\" id\u003d\"_Hlk38378797\"\u003e\u003c/a\u003eactivities.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSegment Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eAircraft Controls segment sales in the quarter were $272 million, up 9% year over year with higher commercial sales compensating for marginally lower military sales. Total commercial aircraft revenues were $96 million, 34% higher. Sales to commercial OEM customers increased 26% mostly tied to acquired sales from the recent Genesys acquisition. Commercial aftermarket sales were up 56%, to $28 million, the result of aircraft returning to service and repair and overhaul work on legacy components.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eTotal military aircraft sales were down marginally, to $176 million. Military OEM sales of $128 million were 19% higher, helped by funded development and activity across a range of programs in the portfolio. Military aftermarket sales of $48 million decreased 31%, as our customers adjusted their inventory.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eSpace and Defense segment sales were $205 million, up 11% year over year. Space sales of $86 million increased 16% on strength across the portfolio, led by integrated space vehicles and work on NASA programs. Defense sales were 8% higher, at $119 million, the result of increased sales of vehicle and naval applications and component products.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems segment sales were $230 million, a 3% increase over last year. Sales of industrial automation products were up 19%, attributed to stronger capital spending globally. Medical product sales, including pumps and components for respirator products, were down 15% as sales moderated from the COVID-driven demand seen a year ago. Energy sales and sales into simulation and test applications were mostly unchanged.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eConsolidated 12-month backlog was $2.0 billion, up 21% from a year ago.\u003ca name\u003d\"_Hlk38360327\" id\u003d\"_Hlk38360327\"\u003e\u003c/a\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk78201561\" id\u003d\"_Hlk78201561\"\u003e\u003c/a\u003e \u003c/p\u003e\r\n\u003cp\u003e“It was solid quarter for our business with strong cash flow and earnings per share in line with our projections,” said John Scannell, Chairman and CEO. “For the full year, we’re tweaking our sales outlook slightly and keeping our earnings per share forecast unchanged at $5.00, plus or minus $0.15. All in all, steady as she goes.”\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFiscal 2021 Outlook\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThe Company updated its fiscal 2021 projections of 90 days ago.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e· Forecast sales of $2.82 billion;\u003c/p\u003e\r\n\u003cp\u003e· Forecast diluted earnings per share of $5.00, plus or minus $0.15;\u003c/p\u003e\r\n\u003cp\u003e· Forecast full year operating margins of 10.0%;\u003c/p\u003e\r\n\u003cp\u003e· Forecast effective tax rate of 24.2%; and\u003c/p\u003e\r\n\u003cp\u003e· Forecast cash flow from operations of $292 million.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call on Friday, July 30, 2021 beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eListeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page approximately 90 minutes prior to the conference call.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk78462595\" id\u003d\"_Hlk78462595\"\u003e\u003c/a\u003e\u003cb\u003eAbout Moog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"http://www.moog.com\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk54960884\" id\u003d\"_Hlk54960884\"\u003e\u003c/a\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCOVID-19 Pandemic Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· We face various risks related to health pandemics such as the global COVID-19 pandemic, which may have material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers.\u003cbr /\u003e\r\n\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eStrategic Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e· Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e· Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete; and\u003c/p\u003e\r\n\u003cp\u003e· Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or as we conduct divestitures.\u003cbr /\u003e\r\n\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eMarket Condition Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e· We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e· The loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results; and\u003c/p\u003e\r\n\u003cp\u003e· We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u003cbr /\u003e\r\nOperational Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e· We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings; \u003c/p\u003e\r\n\u003cp\u003e· If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted; and\u003c/p\u003e\r\n\u003cp\u003e· The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFinancial Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e· We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e· Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e· The phase out of LIBOR may negatively impact our debt agreements and financial position, results of operations and liquidity;\u003c/p\u003e\r\n\u003cp\u003e· Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e· A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth; and\u003c/p\u003e\r\n\u003cp\u003e· Unforeseen exposure to additional income tax liabilities may affect our operating results.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eLegal and Compliance Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting standards, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e· Our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e· Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e· We are involved in various legal proceedings, the outcome of which may be unfavorable to us; and\u003c/p\u003e\r\n\u003cp\u003e· Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eGeneral Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· The United Kingdom\u0027s decision to exit the European Union may result in short-term and long-term adverse impacts on our results of operations;\u003c/p\u003e\r\n\u003cp\u003e· Escalating tariffs, restrictions on imports or other trade barriers between the United States and various countries may impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e· Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/p\u003e\r\n\u003cp\u003e· Our performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report. \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2021-07-30T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2021/moog-reports-third-quarter-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Cash Dividend","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – The Company has declared a quarterly dividend of $.25 per share on its issued and outstanding shares of Class A common stock and Class B common stock. ","description":"\u003cp\u003eEast Aurora, NY – The Company (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on its issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on \u003ca name\u003d\"_Hlk54880382\" id\u003d\"_Hlk54880382\"\u003e\u003c/a\u003eAugust 30, 2021 to all shareholders of record as of the close of business on August 13, 2021.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $8 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc. \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2021-07-30T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2021/moog-announces-cash-dividend-21-07.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Thrid Quarter Fiscal Year 2021 Earnings Webcast on July 30, 2021","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY - Moog Inc. will release its third quarter fiscal 2021 earnings for the period ended July 3, 2021 on Friday, July 30, 2021. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET","description":"\u003cp\u003eEast Aurora, NY - Moog Inc. (NYSE: MOG.A and MOG.B) will release its third quarter fiscal 2021 earnings for the period ended July 3, 2021 on Friday, July 30, 2021. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003eListeners can access the conference call live over the Internet at: https://www.moog.com/investors/communications. Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 30 days.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at \u003cu\u003ewww.moog.com\u003c/u\u003e.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2021-07-22T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2021/moog-announces-third-quarter-earning-webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Installs Electric Vehicle Charging Stations","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. announced today that the company has completed the installation of electric vehicle (EV) charging stations on its East Aurora campus. ","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) announced today that the company has completed the installation of electric vehicle (EV) charging stations on its East Aurora campus. The eight dual EV stations, installed in conjunction with the Charge Ready New York Program, are available for use by Moog employees.\u003c/p\u003e\r\n\u003cp\u003eBringing EV charging stations to Moog’s East Aurora campus was inspired by an employee-led committee to encourage electric vehicle use. The effort removes a barrier for employees who are considering EV transportation options. “When the team pitched the idea, it was hard not to get caught up in their energy and enthusiasm,” said John Scannell, Chairman and CEO. “It’s great for our employees and for the environment. We’re happy to make EV charging convenient and accessible while also playing a role in protecting and improving the world for current and future generations.”\u003c/p\u003e\r\n\u003cp\u003eThe smart charging stations offer advanced features, including a mobile app for checking charging status. “We\u0027re invested in doing our part as an organization and EV charging stations is one of many first steps, said Paul Wilkinson, Vice President and Chief Human Resources Officer. We want to continue to empower our employees to support the causes and initiatives that are meaningful to them.”\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Moog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, and marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eAbout Corporate Social and Environment Responsibility at Moog\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eEast Aurora is now the third Moog location to offer onsite EV charging stations for employees. Moog’s Wolverhampton, UK and Moog’s Torrance, CA facilities currently offer EV charging stations for employees. Learn more about Moog’s commitment to Corporate Social Environmental Responsibility at \u003ca href\u003d\"https://www.moog.com/content/sites/global/en/cser/\"\u003ewww.moog.com/cser\u003c/a\u003e.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"articleImageReference":"/content/dam/sites/moog/images/News/corporate/ECar_pic3a.jpg","startDate":"2021-06-07T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2021/moog-installs-electric-vehicle-charging-stations.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Announces Reconfigurable Integrated-weapons Platform (RIwP®) Award For U.S. Army M-SHORAD Increment 1 Program","openInANewTab":false,"articleTitleType":"h1","smallDescription":"EAST AURORA, NY, Moog Inc. (NYSE: MOG.A and MOG.B) announced today that its Space and Defense Segment was selected by Leonardo DRS to supply 28 Reconfigurable Integrated-weapons Platform (RIwP) turrets for the U.S. Army’s Maneuver Short-Range Air Defense Increment 1 (M-SHORAD Inc","tags":["moog-news-and-events:category/operating-group-news","moog-news-and-events:type/operating-group/space-and-defense","moog-news-and-events:industry/defense","moog-news-and-events:product/weapon-platforms","moog-news-and-events:category/corporate-press-releases"],"articleImageReference":"/content/dam/sites/moog/images/News/opgroupnews/riwp-thumb.JPG","startDate":"2021-05-19T00:00:00.000-04:00","categories":[{"left":"Operating Group News","right":"moog-news-and-events:category/operating-group-news"},{"left":"Space and Defense","right":"moog-news-and-events:type/operating-group/space-and-defense"},{"left":"Defense","right":"moog-news-and-events:industry/defense"},{"left":"Weapon Platforms","right":"moog-news-and-events:product/weapon-platforms"},{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/operating-group-news/2021/moog-riwp-award-m-shorad.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Reports Second Quarter Results","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY - Moog Inc. announced today financial results for the first quarter ended April 3, 2021.","description":"\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the second quarter ended April 3, 2021.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSecond Quarter Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ Sales of $736 million were down 4% from a year ago;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ Diluted earnings per share of $1.51 were up 2% from a year ago;\u003c/p\u003e\r\n\u003cp\u003e§ Diluted earnings per share includes a one-time pension curtailment gain of $0.18;\u003c/p\u003e\r\n\u003cp\u003e§ Operating margins of 9.8% were down from 11.0% a year ago;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ Effective tax rate of 21.6% compared to 19.2% a year ago; and\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ $43 million cash flow from operating activities, up 12% from a year ago.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFiscal 2021 Outlook\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eThe company is providing projections for fiscal year 2021.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ Forecast sales of $2.84 billion;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ Forecast diluted earnings per share of $5.00, plus or minus $0.20;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ Forecast full year operating margins of 9.9%;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ Forecast tax rate of 24.0%; and\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ Forecast $302 million cash flow from operating activities.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSegment Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eAircraft Controls segment revenues in the quarter were $304 million, down 11% year over year. Military aircraft sales were $202 million, 15% higher than a year ago. Military OEM sales increased 33%, to $153 million, tied to very strong funded development programs and higher F-35 Joint Strike Fighter sales. Military aftermarket sales were down 20%, at $48 million, on weaker activity across the portfolio.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eCommercial aircraft revenues were $103 million, 38% lower than last year’s second quarter. Sales to commercial OEM customers were down 39%, as wide body production at Boeing and Airbus were below last year’s levels. Commercial aftermarket repair and overhaul revenues decreased 34%.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eIn the quarter, Space and Defense segment revenues were $206 million, an increase of 7% year over year. Space sales were up 19%, to $88 million, the result of increased sales for NASA programs and integrated space vehicle products. Defense sales were mostly unchanged at $118 million. Lower sales of missile steering controls and security applications were offset by increases in sales of military vehicle and naval application products.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems segment sales in the quarter were $226 million, down 2% from a year ago. Energy product sales were down 23%, the result of a delays in offshore exploration activity. Simulation and test product sales were off 23%, tied to reduced demand for flight simulation pilot training products. Medical product sales increased 7%, to $67 million, tied to higher enteral feeding pump sales. Sales of products for industrial automation applications were up 5% but unchanged after allowing for foreign exchange movements.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eConsolidated 12-month backlog was $1.9 billion, up 5% from a year ago.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e“We are pleased with our performance in the first half of the year and looking forward to repeating that performance in the second half,” said John Scannell, Chairman and CEO. “We are reinstating guidance today after a 12-month hiatus. The second half of fiscal 2021 will mirror the first half, resulting in full year sales of $2.84 billion and full year earnings per share of $5.00, plus or minus $0.20. Our businesses continue to operate effectively, despite on-going COVID impositions. Market diversity and financial prudence have guided us through the last 12 months and will continue to be the core of our business going forward.”\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eListeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page 90 minutes prior to the conference call.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCOVID-19 Pandemic Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eWe face various risks related to health pandemics such as the global COVID-19 pandemic, which may have material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eStrategic Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eWe operate in highly competitive markets with competitors who may have greater resources than we possess;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eOur new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eOur inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete; and\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eOur sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or as we conduct divestitures.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eMarket Condition Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eThe markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eWe depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eThe loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results; and\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eWe may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eOperational Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eOur business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eWe may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eIf our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted; and\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eThe failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFinancial Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eWe make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eWe enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eOur indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eThe phase out of LIBOR may negatively impact our debt agreements and financial position, results of operations and liquidity;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eSignificant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eA write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth; and\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eUnforeseen exposure to additional income tax liabilities may affect our operating results.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eLegal and Compliance Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eContracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting standards, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eOur operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eGovernment regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eWe are involved in various legal proceedings, the outcome of which may be unfavorable to us; and\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eOur operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eGeneral Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eThe United Kingdom\u0027s decision to exit the European Union may result in short-term and long-term adverse impacts on our results of operations;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eEscalating tariffs, restrictions on imports or other trade barriers between the United States and various countries may impact our results of operations;\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eFuture terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e• \u003c/b\u003eOur performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report. \u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2021-04-30T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2021/moog-reports-second-quarter-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Cash Dividend","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. ","description":"\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on \u003ca name\u003d\"_Hlk54880382\" id\u003d\"_Hlk54880382\"\u003e\u003c/a\u003eJune 1, 2021 to all shareholders of record as of the close of business on May 14, 2021.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $8 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk54960884\" id\u003d\"_Hlk54960884\"\u003e\u003c/a\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCOVID-19 Pandemic Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ We face various risks related to health pandemics such as the global COVID-19 pandemic, which may have material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers.\u003cbr /\u003e\r\n\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eStrategic Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e§ Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e§ Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete; and\u003c/p\u003e\r\n\u003cp\u003e§ Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or as we conduct divestitures.\u003cbr /\u003e\r\n\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eMarket Condition Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e§ We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e§ The loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results; and\u003c/p\u003e\r\n\u003cp\u003e§ We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u003cbr /\u003e\r\nOperational Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e§ We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings; \u003c/p\u003e\r\n\u003cp\u003e§ If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted; and\u003c/p\u003e\r\n\u003cp\u003e§ The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFinancial Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e§ We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e§ Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e§ The phase out of LIBOR may negatively impact our debt agreements and financial position, results of operations and liquidity;\u003c/p\u003e\r\n\u003cp\u003e§ Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e§ A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth; and\u003c/p\u003e\r\n\u003cp\u003e§ Unforeseen exposure to additional income tax liabilities may affect our operating results.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eLegal and Compliance Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting standards, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e§ Our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e§ Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e§ We are involved in various legal proceedings, the outcome of which may be unfavorable to us; and\u003c/p\u003e\r\n\u003cp\u003e§ Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eGeneral Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ The United Kingdom\u0027s decision to exit the European Union may result in short-term and long-term adverse impacts on our results of operations;\u003c/p\u003e\r\n\u003cp\u003e§ Escalating tariffs, restrictions on imports or other trade barriers between the United States and various countries may impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e§ Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/p\u003e\r\n\u003cp\u003e§ Our performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report. ##\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2021-04-30T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2021/moog-announces-cash-dividend1.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Second Quarter Fiscal Year 2021 Earning Webcast on April 30, 2021","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. will release its second quarter fiscal 2021 earnings for the period ended April 3, 2021 on Friday, April 30, 2021. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET.","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its second quarter fiscal 2021 earnings for the period ended April 3, 2021 on Friday, April 30, 2021. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003eListeners can access the conference call live or in replay mode on the Internet at http://www.moog.com/investors/communications/. Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 45 days.\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the Company can be found at \u003cu\u003ewww.moog.com\u003c/u\u003e.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2021-04-22T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2021/moog-announces-second-quarter-earning-webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Products Ensure Successful Landing of Mars Rover","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY (Feb 18, 2021) – Moog Inc. (NYSE: MOG.A and MOG.B) announced today that the company’s space products played a critical role in the successful landing of NASA’s Perseverance Rover on Mars. Perseverance is NASA’s latest mission to explore Mars and builds on...","description":"\u003cp\u003eEast Aurora, NY (Feb 18, 2021) – Moog Inc. (NYSE: MOG.A and MOG.B) announced today that the company’s space products played a critical role in the successful landing of NASA’s Perseverance Rover on Mars. Perseverance is NASA’s latest mission to explore Mars and builds on the success of the 2012 Mars Curiosity Rover Mission.\u003c/p\u003e\r\n\u003cp\u003eThe Moog team designed, built, and tested several components essential to the mission. During the final descent, Moog throttle valve assemblies controlled the entry spacecraft’s engines. The spacecraft entered the atmosphere at 12,500 miles per hour, stabilized, and lowered the Perseverance Rover until it successfully touched down in the Jezero Crater at approximately 4:00 p.m. ET today.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/operating-group-news","moog-news-and-events:type/operating-group/space-and-defense","moog-news-and-events:industry/space","moog-news-and-events:product/space-products","moog-news-and-events:category/corporate-press-releases"],"articleImageReference":"/content/dam/sites/moog/images/Markets/Space/thumbnails/perseverance-thumb-3.JPG","startDate":"2021-02-18T00:00:00.000+01:00","categories":[{"left":"Operating Group News","right":"moog-news-and-events:category/operating-group-news"},{"left":"Space and Defense","right":"moog-news-and-events:type/operating-group/space-and-defense"},{"left":"Space","right":"moog-news-and-events:industry/space"},{"left":"Space Products","right":"moog-news-and-events:product/space-products"},{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/operating-group-news/2021/perseverance-mission-landing.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Cash Dividend","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. ","description":"\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on March 1, 2021 to all shareholders of record as of the close of business on February 12, 2021.\u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $8 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eCautionary Statement\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eCOVID-19 Pandemic Risks\u003c/p\u003e\r\n\u003cp\u003e§ We face various risks related to health pandemics such as the global COVID-19 pandemic, which may have material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers.\u003cbr /\u003e\r\n\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003eStrategic Risks\u003c/p\u003e\r\n\u003cp\u003e§ We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e§ Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e§ Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete; and\u003c/p\u003e\r\n\u003cp\u003e§ Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or as we conduct divestitures.\u003cbr /\u003e\r\n\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003eMarket Condition Risks\u003c/p\u003e\r\n\u003cp\u003e§ The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e§ We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e§ The loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results; and\u003c/p\u003e\r\n\u003cp\u003e§ We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eOperational Risks\u003c/p\u003e\r\n\u003cp\u003e§ Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e§ We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings; \u003c/p\u003e\r\n\u003cp\u003e§ If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted; and\u003c/p\u003e\r\n\u003cp\u003e§ The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eFinancial Risks\u003c/p\u003e\r\n\u003cp\u003e§ We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e§ We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e§ Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e§ The phase out of LIBOR may negatively impact our debt agreements and financial position, results of operations and liquidity;\u003c/p\u003e\r\n\u003cp\u003e§ Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e§ A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth; and\u003c/p\u003e\r\n\u003cp\u003e§ Unforeseen exposure to additional income tax liabilities may affect our operating results.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eLegal and Compliance Risks\u003c/p\u003e\r\n\u003cp\u003e§ Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting standards, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e§ Our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e§ Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e§ We are involved in various legal proceedings, the outcome of which may be unfavorable to us; and\u003c/p\u003e\r\n\u003cp\u003e§ Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eGeneral Risks\u003c/p\u003e\r\n\u003cp\u003e§ The United Kingdom\u0027s decision to exit the European Union may result in short-term and long-term adverse impacts on our results of operations;\u003c/p\u003e\r\n\u003cp\u003e§ Escalating tariffs, restrictions on imports or other trade barriers between the United States and various countries may impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e§ Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/p\u003e\r\n\u003cp\u003e§ Our performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report. ##\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2021-01-29T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2021/moog-announces-cash-dividend.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Reports First Quarter Results","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY - Moog Inc. announced today financial results for the first quarter ended January 2, 2021.","description":"\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the first quarter ended January 2, 2021.\u003c/p\u003e\r\n\u003cp\u003eFirst Quarter Highlights\u003c/p\u003e\r\n\u003cp\u003e▪ Sales of $684 million were down 9% from a year ago and in line with second half fiscal 2020 average sales;\u003c/p\u003e\r\n\u003cp\u003e▪ Diluted earnings per share of $1.17 were down 19% from a year ago and were 34% higher than average adjusted second half fiscal 2020 diluted EPS;\u003c/p\u003e\r\n\u003cp\u003e▪ Operating margins of 10.4% were down from 12.0% a year ago and 210 basis points higher than the average adjusted second half fiscal 2020 operating margins;\u003c/p\u003e\r\n\u003cp\u003e▪ Effective tax rate of 24.9%;\u003c/p\u003e\r\n\u003cp\u003e▪ Completed the acquisition of Genesys Aerosystems, a manufacturer of electronic flight instrument systems and autopilot solutions; and\u003c/p\u003e\r\n\u003cp\u003e▪ $94 million cash flow from operating activities, up 123% from a year ago.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eSegment Results\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eAircraft Controls segment revenues in the quarter were $287 million, down 16% year over year. Military aircraft sales were $206 million, 18% higher than a year ago. Military OEM sales increased 26%, to $149 million, tied to very strong F-35 Joint Strike Fighter sales, foreign military sales and funded development programs. Military aftermarket sales were 3% higher, on increased sales across most of the portfolio.\u003c/p\u003e\r\n\u003cp\u003eCommercial aircraft revenues were $81 million, 51% lower than a year ago. Sales to commercial OEM customers were down 56%, as production declined significantly at both Boeing and Airbus. Commercial aftermarket sales decreased 32% on lower repair and overhaul activity.\u003c/p\u003e\r\n\u003cp\u003eIn the quarter, Space and Defense segment revenues were $188 million, an increase of 1% year over year. Space sales were up 24%, to $78 million, the result of increased sales for NASA programs, hypersonics programs and integrated space vehicles. Defense sales were down 11%, at $110 million. Lower sales of missile steering controls and security applications partially offset increases in sales of military vehicle and naval application products.\u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems segment sales in the quarter were $209 million, down 9% from a year ago. Medical product sales increased 3%, to $65 million, on higher pump sales. Energy product sales were down 4%, the result of a decrease in offshore exploration activity. Sales of products for industrial automation applications were off 11%, with weakness seen across the portfolio. Simulation and test product sales were off 29% on lower demand for flight simulation products used for aircraft pilot training.\u003c/p\u003e\r\n\u003cp\u003eConsolidated 12-month backlog was $1.9 billion, up 14% from a year ago.\u003c/p\u003e\r\n\u003cp\u003e“Given the continued challenges of COVID, our first quarter results were very respectable,” said John Scannell, Chairman and CEO. “Comparing our first quarter performance with the third and fourth quarters of FY ’20, our sales held steady and our earnings per share were up nicely. We had another quarter of strong free cash flow and we completed the acquisition of Genesys Aerosystems in our Aircraft Controls segment.”\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003eListeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page 90 minutes prior to the conference call.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eCautionary Statement\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eCOVID-19 Pandemic Risks\u003c/p\u003e\r\n\u003cp\u003e▪ We face various risks related to health pandemics such as the global COVID-19 pandemic, which may have material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eStrategic Risks\u003c/p\u003e\r\n\u003cp\u003e▪ We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e▪ Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e▪ Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete; and\u003c/p\u003e\r\n\u003cp\u003e▪ Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or as we conduct divestitures.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eMarket Condition Risks\u003c/p\u003e\r\n\u003cp\u003e▪ The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e▪ We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e▪ The loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results; and\u003c/p\u003e\r\n\u003cp\u003e▪ We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eOperational Risks\u003c/p\u003e\r\n\u003cp\u003e▪ Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e▪ We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings;\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e▪ If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted; and\u003c/p\u003e\r\n\u003cp\u003e▪ The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eFinancial Risks\u003c/p\u003e\r\n\u003cp\u003e▪ We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e▪ We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e▪ Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e▪ The phase out of LIBOR may negatively impact our debt agreements and financial position, results of operations and liquidity;\u003c/p\u003e\r\n\u003cp\u003e▪ Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e▪ A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth; and\u003c/p\u003e\r\n\u003cp\u003e▪ Unforeseen exposure to additional income tax liabilities may affect our operating results.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eLegal and Compliance Risks\u003c/p\u003e\r\n\u003cp\u003e▪ Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting standards, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e▪ Our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e▪ Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e▪ We are involved in various legal proceedings, the outcome of which may be unfavorable to us; and\u003c/p\u003e\r\n\u003cp\u003e▪ Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eGeneral Risks\u003c/p\u003e\r\n\u003cp\u003e▪ The United Kingdom\u0027s decision to exit the European Union may result in short-term and long-term adverse impacts on our results of operations;\u003c/p\u003e\r\n\u003cp\u003e▪ Escalating tariffs, restrictions on imports or other trade barriers between the United States and various countries may impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e▪ Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/p\u003e\r\n\u003cp\u003e▪ Our performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report. \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003ca href\u003d\"https://www.moog.com/content/dam/moog/literature/Corporate/Investors/Press_Releases_-_PDFs/2021/Final%20PR_Q1_Jan%2029_2021.pdf\"\u003eStatements\u003c/a\u003e\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2021-01-29T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2021/moog-reports-first-quarter-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces First Quarter Fiscal Year 2021 Earnings Webcast on January 29, 2021","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY – Moog Inc. will release its first quarter fiscal 2021 earnings for the period ended January 2, 2021 on Friday, January 29, 2021. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET.","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its first quarter fiscal 2021 earnings for the period ended January 2, 2021 on Friday, January 29, 2021. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003eListeners can access the conference call live or in replay mode on the Internet at http://www.moog.com/investors/communications/. Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 45 days.\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the Company can be found at \u003cu\u003ewww.moog.com\u003c/u\u003e\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2021-01-21T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2021/moog-announces-first-quarter-earning-webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Announces Acquisition of Genesys Aerosystems Group, Inc.","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY — Moog Inc. (NYSE: MOG.A and MOG.B) announced today that it has completed the acquisition of Genesys Aerosystems Group, Inc. (Genesys) for a purchase price of approximately $77.7 million. ","description":"\u003cp\u003eEast Aurora, NY — Moog Inc. (NYSE: MOG.A and MOG.B) announced today that it has completed the acquisition of Genesys Aerosystems Group, Inc. (Genesys) for a purchase price of approximately $77.7 million. Genesys Aerosystems is headquartered in Mineral Wells, Texas and has 143 employees. The purchase includes the operating subsidiaries S-Tec Corporation and Genesys Aerosystems, Inc.\u003c/p\u003e\r\n\u003cp\u003eGenesys designs and manufactures a full suite of electronic flight instrument systems and autopilot solutions specializing in fixed wing, rotorcraft, military and special mission aircraft fleet support with state-of-the-art avionics and product sustainment services.\u003c/p\u003e\r\n\u003cp\u003e“Genesys is proud to bring over 40 years of avionics experience into the Moog family,” said Genesys CEO Roger Smith.\u0026nbsp; “Joining Moog positions us to continue our development of industry-leading avionics products and our relentless focus on delighting our customers for the long term.”\u003c/p\u003e\r\n\u003cp\u003e“We’re excited to bring Genesys Aerosystems’ products and people into Moog’s Aircraft Controls Segment,” said Mark Trabert, Moog Aircraft Controls Segment President. “Genesys adds to our product and capabilities portfolio. The product synergies and cultural alignment of our two organizations will enable future growth beyond our current core flight control business.”\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine, and medical equipment. Additional information about the Moog can be found at \u003ca href\u003d\"http://www.moog.com\"\u003ewww.moog.com\u003c/a\u003e. Additional information about Genesys Aerosystems can be found at www.genesys-aerosystems.com.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u003cbr\u003e\r\nCautionary Statement\u0026nbsp;\u003ci\u003e\u003c/i\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCOVID-19 Pandemic Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ We face various risks related to health pandemics such as the global COVID-19 pandemic, which may have material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers.\u003cbr\u003e\r\n\u003cbr\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eStrategic Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e§ Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e§ Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete; and\u003c/p\u003e\r\n\u003cp\u003e§ Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or as we conduct divestitures.\u003cbr\u003e\r\n\u003cbr\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eMarket Condition Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e§ We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e§ The loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results; and\u003c/p\u003e\r\n\u003cp\u003e§ We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u003cbr\u003e\r\nOperational Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e§ We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings;\u003c/p\u003e\r\n\u003cp\u003e§ If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted; and\u003c/p\u003e\r\n\u003cp\u003e§ The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.\u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk58672668\" id\u003d\"_Hlk58672668\"\u003e\u003c/a\u003e\u003cb\u003eFinancial Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e§ We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e§ Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e§ The phase out of LIBOR may negatively impact our debt agreements and financial position, results of operations and liquidity;\u003c/p\u003e\r\n\u003cp\u003e§ Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e§ A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth; and\u003c/p\u003e\r\n\u003cp\u003e§ Unforeseen exposure to additional income tax liabilities may affect our operating results.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eLegal and Compliance Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting standards, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e§ Our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e§ Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e§ We are involved in various legal proceedings, the outcome of which may be unfavorable to us; and\u003c/p\u003e\r\n\u003cp\u003e§ Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eGeneral Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ The United Kingdom\u0027s decision to exit the European Union may result in short-term and long-term adverse impacts on our results of operations;\u003c/p\u003e\r\n\u003cp\u003e§ Escalating tariffs, restrictions on imports or other trade barriers between the United States and various countries may impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e§ Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/p\u003e\r\n\u003cp\u003e§ Our performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.\u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report.\u0026nbsp; ##\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"startDate":"2020-12-21T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2020/moog-announces-acquisition-of-genesys-aerosystems-group.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Announces Share Repurchase Program","openInANewTab":false,"articleTitleType":"h2","smallDescription":"EAST AURORA, NY, Moog Inc. (NYSE: MOG.A and MOG.B) announced today that its Board of Directors has approved a share repurchase program. ","description":"\u003cp\u003e\u003ca name\u003d\"_Hlk56514725\" id\u003d\"_Hlk56514725\"\u003e\u003c/a\u003eEAST AURORA, NY, Moog Inc. (NYSE: MOG.A and MOG.B) announced today that its Board of Directors has approved a share repurchase program.\u003c/p\u003e\r\n\u003cp\u003eUnder the authorization, the Company will be able to acquire an aggregate of 3,000,000 shares of its Class A and Class B common stock at management’s discretion.The timing of repurchases will depend upon several factors, including capital deployment priorities and market and business conditions. The program may be discontinued at any time.\u003c/p\u003e\r\n\u003cp\u003e“Our cash flow was very strong in FY 2020,\u0026quot;\u0026nbsp;said John Scannell, Chairman and CEO.\u0026nbsp;\u0026quot;Share repurchases afforded us the opportunity to return $215 million of value to our shareholders during the year and we are pleased to have the flexibility to continue this program.”\u003c/p\u003e\r\n\u003cp\u003eThe transactions will be made in accordance with rules and regulations of the U.S. Securities and Exchange Commission and other rules that govern such purchases.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk54960884\" id\u003d\"_Hlk54960884\"\u003e\u003c/a\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCOVID-19 Pandemic Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ We face various risks related to health pandemics such as the global COVID-19 pandemic, which may have material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers. \u003cbr\u003e\r\n \u003cbr\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eStrategic Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e§ Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e§ Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete; and\u003c/p\u003e\r\n\u003cp\u003e§ Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or as we conduct divestitures.\u003cbr\u003e\r\n \u003cbr\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eMarket Condition Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e§ We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e§ The loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results; and\u003c/p\u003e\r\n\u003cp\u003e§ We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u003cbr\u003e\r\nOperational Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e§ We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings;\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e§ If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted; and\u003c/p\u003e\r\n\u003cp\u003e§ The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFinancial Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e§ We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e§ Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e§ The phase out of LIBOR may negatively impact our debt agreements and financial position, results of operations and liquidity;\u003c/p\u003e\r\n\u003cp\u003e§ Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e§ A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth; and\u003c/p\u003e\r\n\u003cp\u003e§ Unforeseen exposure to additional income tax liabilities may affect our operating results.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eLegal and Compliance Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting standards, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e§ Our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e§ Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e§ We are involved in various legal proceedings, the outcome of which may be unfavorable to us; and\u003c/p\u003e\r\n\u003cp\u003e§ Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eGeneral Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ The United Kingdom\u0027s decision to exit the European Union may result in short-term and long-term adverse impacts on our results of operations;\u003c/p\u003e\r\n\u003cp\u003e§ Escalating tariffs, restrictions on imports or other trade barriers between the United States and various countries may impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e§ Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/p\u003e\r\n\u003cp\u003e§ Our performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.\u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report.\u0026nbsp; ##\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"startDate":"2020-11-20T00:00:00.000-05:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2020/moog-announces-share-repurchase-program.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Announces Cash Dividend","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on December 7, 2020 ...","description":"\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on \u003ca name\u003d\"_Hlk54880382\" id\u003d\"_Hlk54880382\"\u003e\u003c/a\u003eDecember 7, 2020 to all shareholders of record as of the close of business on November 20, 2020.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $8 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk54960884\" id\u003d\"_Hlk54960884\"\u003e\u003c/a\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCOVID-19 Pandemic Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ We face various risks related to health pandemics such as the global COVID-19 pandemic, which may have material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers. \u003cbr /\u003e\r\n \u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eStrategic Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e§ Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e§ Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete; and\u003c/p\u003e\r\n\u003cp\u003e§ Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or as we conduct divestitures.\u003cbr /\u003e\r\n \u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eMarket Condition Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e§ We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e§ The loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results; and\u003c/p\u003e\r\n\u003cp\u003e§ We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u003cbr /\u003e\r\nOperational Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e§ We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings; \u003c/p\u003e\r\n\u003cp\u003e§ If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted; and\u003c/p\u003e\r\n\u003cp\u003e§ The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFinancial Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e§ We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e§ Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e§ The phase out of LIBOR may negatively impact our debt agreements and financial position, results of operations and liquidity;\u003c/p\u003e\r\n\u003cp\u003e§ Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e§ A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth; and\u003c/p\u003e\r\n\u003cp\u003e§ Unforeseen exposure to additional income tax liabilities may affect our operating results.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eLegal and Compliance Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting standards, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e§ Our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e§ Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e§ We are involved in various legal proceedings, the outcome of which may be unfavorable to us; and\u003c/p\u003e\r\n\u003cp\u003e§ Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eGeneral Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ The United Kingdom\u0027s decision to exit the European Union may result in short-term and long-term adverse impacts on our results of operations;\u003c/p\u003e\r\n\u003cp\u003e§ Escalating tariffs, restrictions on imports or other trade barriers between the United States and various countries may impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e§ Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/p\u003e\r\n\u003cp\u003e§ Our performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.\u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report. \u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"startDate":"2020-11-06T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2020/moog-announces-cash-dividend.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Reports Fourth Quarter and Year End Results 2020","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter and fiscal year ended October 3, 2020.","description":"\u003cp\u003eNovember 6th, 2020\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter and fiscal year ended October 3, 2020.\u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk54884471\" id\u003d\"_Hlk54884471\"\u003e\u003c/a\u003e\u003ca name\u003d\"_Hlk54881779\" id\u003d\"_Hlk54881779\"\u003e\u003c/a\u003e\u003cb\u003eFourth Quarter Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk54881768\" id\u003d\"_Hlk54881768\"\u003e\u003c/a\u003e· Sales of $707 million, down 8% from a year ago;\u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk54881701\" id\u003d\"_Hlk54881701\"\u003e\u003c/a\u003e· GAAP diluted loss per share of ($2.40) includes $0.36 per share in pandemic-related charges and a $2.85 per share non-cash charge related to settlement accounting on the U.S defined benefit pension plan;\u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk54881717\" id\u003d\"_Hlk54881717\"\u003e\u003c/a\u003e· Non-GAAP adjusted earnings per share of $0.81;\u003c/p\u003e\r\n\u003cp\u003e· Operating margins of 6.1% with adjusted operating margins of 8.3%; and\u003c/p\u003e\r\n\u003cp\u003e· $91 million cash flow from operating activities\u003ca name\u003d\"_Hlk38378797\" id\u003d\"_Hlk38378797\"\u003e\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFull-Year 2020 Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e· Sales of $2.9 billion, down 1% from a year ago;\u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk54881976\" id\u003d\"_Hlk54881976\"\u003e\u003c/a\u003e· GAAP diluted earnings per share of $0.28 includes $1.68 per share in pandemic-related charges and $2.85 per share charge related to settlement accounting on the U.S defined benefit pension plan;\u003c/p\u003e\r\n\u003cp\u003e· Non-GAAP adjusted earnings per share of $4.81;\u003c/p\u003e\r\n\u003cp\u003e· Operating margins of 7.5% with adjusted operating margins of 10.0%; and\u003c/p\u003e\r\n\u003cp\u003e· $279 million cash flow from operating activities.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFiscal 2021 Outlook\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eGiven 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.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSegment Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eAircraft Controls segment sales in the quarter were $275 million, down 19% year over year. Military OEM aircraft sales of $129 million were 21% higher, tied to very strong F-35 Joint Strike Fighter sales which increased 59%. Military aftermarket sales of $65 million increased 27%, the result of higher sustainment activity across the full portfolio of platforms.\u003c/p\u003e\r\n\u003cp\u003eTotal commercial aircraft revenues were $81 million, 56% lower. Sales to commercial OEM customers were down 61%, the result of declining production rates and actions taken by OEMs to reduce inventory. Commercial aftermarket sales decreased 34% on lower repair activity.\u003c/p\u003e\r\n\u003cp\u003eFull-year Aircraft Controls sales were $1.2 billion, down 7%. Military aircraft sales of $721 million were 16% higher. Military OEM sales increased 13%, to $470 million, led by F-35 program sales and funded development work. Military aftermarket sales were 21% higher, led by increased F-35 repair volume reflecting the size of the aircraft’s active fleet. \u003c/p\u003e\r\n\u003cp\u003eSpace and Defense segment sales in the quarter were $207 million, up 9% year over year. Space sales of $84 million increased 40% on strength across the space portfolio, led by hypersonics, propulsion, avionics, and satellite programs. Defense sales were down 5%, at $123 million, mostly tied to weaker sales of security products and missile steering controls.\u003c/p\u003e\r\n\u003cp\u003eSpace and Defense sales for the year increased 13%, to $770 million. Space sales were 34% higher, at $294 million, driven by increases across all categories. Defense sales increased 2%, to $476 million, as higher sales for naval programs and components used in a variety of ground vehicle markets were partially offset by lower sales of security products.\u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems segment sales were $225 million, 4% lower compared to last year’s fourth quarter. Medical product sales increased 22% on very strong sales of IV and enteral feeding pumps. Energy market sales decreased 5%, on softness in offshore exploration products. Sales of industrial automation products were off 10%, with the decrease attributed to reduced capital spending globally and exacerbated by the effects of the pandemic. Sales into simulation and test applications declined 30%, mostly due to reduced demand for flight simulators.\u003c/p\u003e\r\n\u003cp\u003eFull-year Industrial Systems sales were $909 million, down 1%. Sales of medical pumps and associated products increased 20%, to $273 million, tied to market share gains for the full portfolio of pump products and breathing equipment components. Energy sales were up 6%, to $128 million, the result of the acquired sales from the GAT acquisition. Industrial automation sales of $405 million were off 9% as second half sales were depressed by the pandemic. Simulation and test sales were 17% lower, at $103 million.\u003c/p\u003e\r\n\u003cp\u003eTotal backlog was $2.6 billion, with 12-month backlog at $1.7 billion, an increase of 10% from a year ago.\u003ca name\u003d\"_Hlk38360327\" id\u003d\"_Hlk38360327\"\u003e\u003c/a\u003e\u003c/p\u003e\r\n\u003cp\u003e“Fiscal ’20 was a year of records for our company, divided into 2 halves,” said John Scannell, Chairman and CEO. “The first half was characterized by record sales, record net earnings and record earnings per share. In the second half we generated record free cash flow. I believe you see the true strength of a company during times of adversity. On that measure, fiscal ’20 was a record year for our company in every way. Our employees across the globe did an outstanding job managing through an unprecedented crisis. It was definitely not the year we planned for 12 months ago, and to say it was a challenge would be an understatement. However, our long-term strategy of diversity across end markets and financial prudence served us well.”\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call. Listeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page approximately 90 minutes prior to the conference call.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"http://www.moog.com/\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk54960884\" id\u003d\"_Hlk54960884\"\u003e\u003c/a\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCOVID-19 Pandemic Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ We face various risks related to health pandemics such as the global COVID-19 pandemic, which may have material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers.\u003cbr /\u003e\r\n\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eStrategic Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e§ Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e§ Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete; and\u003c/p\u003e\r\n\u003cp\u003e§ Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or as we conduct divestitures.\u003cbr /\u003e\r\n\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eMarket Condition Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e§ We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e§ The loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results; and\u003c/p\u003e\r\n\u003cp\u003e§ We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u003cbr /\u003e\r\nOperational Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e§ We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings; \u003c/p\u003e\r\n\u003cp\u003e§ If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted; and\u003c/p\u003e\r\n\u003cp\u003e§ The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFinancial Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e§ We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e§ Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e§ The phase out of LIBOR may negatively impact our debt agreements and financial position, results of operations and liquidity;\u003c/p\u003e\r\n\u003cp\u003e§ Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e§ A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth; and\u003c/p\u003e\r\n\u003cp\u003e§ Unforeseen exposure to additional income tax liabilities may affect our operating results.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eLegal and Compliance Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting standards, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e§ Our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e§ Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e§ We are involved in various legal proceedings, the outcome of which may be unfavorable to us; and\u003c/p\u003e\r\n\u003cp\u003e§ Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eGeneral Risks\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e§ The United Kingdom\u0027s decision to exit the European Union may result in short-term and long-term adverse impacts on our results of operations;\u003c/p\u003e\r\n\u003cp\u003e§ Escalating tariffs, restrictions on imports or other trade barriers between the United States and various countries may impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e§ Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/p\u003e\r\n\u003cp\u003e§ Our performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.\u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report. \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003ca href\u003d\"/content/dam/moog/literature/Corporate/Investors/press-releases-pdf/2020/FINAL_Press_Release_Moog_Earnings_6_November_2020.pdf\" target\u003d\"_blank\"\u003eStatements\u003c/a\u003e\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/annual-reports","moog_news"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2020-11-06T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Financial Press Releases","right":"moog-news-and-events:type/corporate-press-release/annual-reports"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2020/moog-reports-fourth-quarter-and-year-end-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Fourth Quarter and Year End 2020 Earnings Webcast ","openInANewTab":false,"articleTitleType":"h2","smallDescription":"EAST AURORA, N.Y.--(BUSINESS WIRE)-- Moog Inc. (NYSE: MOG.A and MOG.B) will release its fourth quarter and year-end earnings for the period ended October 3, 2020 on Friday, November 6, 2020. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m","description":"\u003cp\u003eEAST AURORA, N.Y.--(\u003ca href\u003d\"https://urldefense.com/v3/__http:/www.businesswire.com__;!!EhqYCQ!JXOOaAszlzqqtPji2tWWSjh_1JeCNBv4b6as8kMwHv4vAMuvEoqi7_eC2uwaESI$\"\u003eBUSINESS WIRE\u003c/a\u003e)-- Moog Inc. (NYSE: MOG.A and MOG.B) will release its fourth quarter and year-end earnings for the period ended October 3, 2020 on Friday, November 6, 2020. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call. \u003c/p\u003e\r\n\u003cp\u003eListeners can access the conference call live or in replay mode on the Internet at\u003ca href\u003d\"https://urldefense.com/v3/__https:/cts.businesswire.com/ct/CT?id\u003dsmartlink\u0026amp;url\u003dhttp*3A*2F*2Fwww.moog.com*2Finvestors*2Fcommunications*2F\u0026amp;esheet\u003d52317008\u0026amp;newsitemid\u003d20201029006165\u0026amp;lan\u003den-US\u0026amp;anchor\u003dhttp*3A*2F*2Fwww.moog.com*2Finvestors*2Fcommunications*2F\u0026amp;index\u003d1\u0026amp;md5\u003d3e0a5454f3bc66f11033b4f639a21570__;JSUlJSUlJSUlJSUl!!EhqYCQ!JXOOaAszlzqqtPji2tWWSjh_1JeCNBv4b6as8kMwHv4vAMuvEoqi7_eCXbF-CjM$\"\u003ehttp://www.moog.com/investors/communications/\u003c/a\u003e. Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 45 days.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the Company can be found at \u003ca href\u003d\"https://urldefense.com/v3/__https:/cts.businesswire.com/ct/CT?id\u003dsmartlink\u0026amp;url\u003dhttp*3A*2F*2Fwww.moog.com\u0026amp;esheet\u003d52317008\u0026amp;newsitemid\u003d20201029006165\u0026amp;lan\u003den-US\u0026amp;anchor\u003dwww.moog.com\u0026amp;index\u003d2\u0026amp;md5\u003dc6992e760027f2593216ae0373071f52__;JSUl!!EhqYCQ!JXOOaAszlzqqtPji2tWWSjh_1JeCNBv4b6as8kMwHv4vAMuvEoqi7_eC_9aPXRk$\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"startDate":"2020-11-03T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2020/Fourth-Quarter-Year-End-2020-Earnings-Webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Announces Virtual Investor Day","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today that the company will host a virtual investor day on Thursday, August 6, 2020 at 10:00 a.m. ET. ","description":"\u003cp\u003eJuly 29th, 2020\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today that the company will host a virtual investor day on Thursday, August 6, 2020 at 10:00 a.m. ET.\u003c/p\u003e\r\n\u003cp\u003ePresentations will be given by Chairman and Chief Executive Officer John Scannell and members of Moog’s senior management team. Video participation is by invitation only to institutional investors and analysts.\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003eFor public access to the audio webcast and slides, visit the Investor Relations section of Moog’s website at \u003ca href\u003d\"http://www.moog.com/investors/communications\"\u003ewww.moog.com/investors/communications\u003c/a\u003e approximately 10 minutes before the start of the event. An event replay will be available approximately four hours after the event’s completion and will be archived for 60 days.\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003eFor further information about Moog’s Investor Day event, please contact Investor Relations at investorday2020@moog.com.\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"http://www.moog.com/\"\u003ewww.moog.com\u003c/a\u003e.\u003cbr /\u003e\r\n\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"startDate":"2020-07-29T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2020/moog-announces-virtual-investors-day.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Reports Third Quarter Results","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended June 27, 2020.","description":"\u003cp\u003eJuly 24th, 2020\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended June 27, 2020.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eThird Quarter Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Sales of $658 million, down 11% from a year ago;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Provisional GAAP diluted loss per share of ($0.44) includes $1.37 per share in pandemic-related charges;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Non-GAAP adjusted earnings per share of $0.93;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Operating margins of (0.7%), with adjusted operating margins of 8.2%;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; $107 million cash flow from operating activities;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Reinstatement of quarterly cash dividend of $0.25 per share.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSegment Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eAircraft Controls segment sales in the quarter were $249 million, down 26% year over year. Military OEM aircraft sales of $108 million were 1% higher. Strong F-35 Joint Strike Fighter sales, up 36% to $45 million, offset lower foreign military sales. Military aftermarket sales of $70 million increased 26%, the result of sustainment activity across multiple programs.\u003c/p\u003e\r\n\u003cp\u003eTotal commercial aircraft revenues were $72 million, 59% lower. Sales to commercial OEM customers were down 61%. The combination of declining production rates and actions taken by OEMs to reduce inventory led to the steep decline. Commercial aftermarket sales decreased 49% on slowing repair activity and flight reductions across all platforms.\u003c/p\u003e\r\n\u003cp\u003eSpace and Defense segment sales were $184 million, up 6% year over year. Space sales of $74 million increased 33% on strength across the portfolio, led by Department of Defense and NASA launch vehicle programs. Defense sales were down 7%, at $110 million, mostly tied to weaker sales of missile and component products.\u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems segment sales were $224 million, 3% lower compared to last year’s third quarter. Sales of industrial automation products were off 17%, with the decrease attributed to reduced capital spending globally. Sales into simulation and test applications declined 14%, partly due to soft demand for pilot training. Medical product sales, including pumps and components for respirator products, increased 26%. Energy market sales increased nominally, helped by acquired sales from the recent GAT acquisition.\u003c/p\u003e\r\n\u003cp\u003eTotal backlog was $2.5 billion, with consolidated 12-month backlog at $1.7 billion, unchanged from a year ago.\u003c/p\u003e\r\n\u003cp\u003e“Our underlying operations performed extremely well this quarter under very difficult circumstances,” said John Scannell, Chairman and CEO. “It is a credit to our staff around the world for their commitment and flexibility.\u0026nbsp;Our results reflect the importance of our diversity across markets.\u0026nbsp;This diversity and our strong balance sheet are key to navigating today’s challenges.\u0026nbsp;Over the last three months we’ve taken action to reduce spending and resize our business. These actions have paid off and, today, our balance sheet in terms of leverage and liquidity is stronger than it was three months ago.”\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFiscal 2020 Outlook\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eGiven the considerable uncertainty around the extent and duration of business disruptions related to the pandemic, and how they will impact operations, the Company suspended its previously provided fiscal year 2020 guidance.\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003eListeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page approximately 90 minutes prior to the conference call.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at\u0026nbsp;\u003ca href\u003d\"http://www.moog.com/\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; We face various risks related to health epidemics such as the global COVID-19 pandemic, which may have material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; The loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; The potential phase out of LIBOR may negatively impact our debt agreements and financial position, results of operations and liquidity;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; The United Kingdom\u0027s decision to exit the European Union may bring short-term and long-term adverse impacts on our results of operations;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Escalating tariffs, restrictions on imports or other trade barriers between the United States and various countries may impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Unforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; We are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business;\u003c/p\u003e\r\n\u003cp\u003e·\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report.\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003ca href\u003d\"/content/dam/moog/literature/Corporate/Investors/press-releases-pdf/2020/Press_Release_Moog_Earnings_24_July_2020.pdf\"\u003eStatements\u003c/a\u003e\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"startDate":"2020-07-24T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2020/moog-reports-third-quarter-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Announces Cash Dividend","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on September 4, 2020 to all","description":"\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on September 4, 2020 to all shareholders of record as of the close of business on August 14, 2020.\u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $8 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"https://www.moog.com/\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e· The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e· We face various risks related to health epidemics such as the global COVID-19 pandemic, which may have material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers;\u003c/p\u003e\r\n\u003cp\u003e· We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e· We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e· We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e· We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e· We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/p\u003e\r\n\u003cp\u003e· If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/p\u003e\r\n\u003cp\u003e· We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings;\u003c/p\u003e\r\n\u003cp\u003e· Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e· The loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/p\u003e\r\n\u003cp\u003e· Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e· Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/p\u003e\r\n\u003cp\u003e· Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e· Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e· The potential phase out of LIBOR may negatively impact our debt agreements and financial position, results of operations and liquidity;\u003c/p\u003e\r\n\u003cp\u003e· Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e· A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/p\u003e\r\n\u003cp\u003e· Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/p\u003e\r\n\u003cp\u003e· Our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e· The United Kingdom\u0027s decision to exit the European Union may bring short-term and long-term adverse impacts on our results of operations;\u003c/p\u003e\r\n\u003cp\u003e· Escalating tariffs, restrictions on imports or other trade barriers between the United States and various countries may impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e· Unforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/p\u003e\r\n\u003cp\u003e· Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e· The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/p\u003e\r\n\u003cp\u003e· We are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/p\u003e\r\n\u003cp\u003e· Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business;\u003c/p\u003e\r\n\u003cp\u003e· Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"startDate":"2020-07-24T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2020/moog-announces-cash-dividend-2020.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Third Quarter 2020 Earnings Webcast","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY - Moog Inc. (NYSE: MOG.A and MOG.B) will release its third quarter fiscal 2020 earnings for the period ended June 27, 2020 on Friday, July 24, 2020. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET.","description":"\u003cp\u003e\u003cspan\u003eEast Aurora, NY - Moog Inc. (NYSE: MOG.A and MOG.B) will release its third quarter fiscal 2020 earnings for the period ended June 27, 2020 on Friday, July 24, 2020. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003c/span\u003e\u003c/p\u003e\r\n\u003cp\u003eListeners can access the conference call live over the Internet at: \u003ca href\u003d\"https://www.moog.com/investors/communications\"\u003e\u003cu\u003ehttps://www.moog.com/investors/communications\u003c/u\u003e\u003c/a\u003e.\u0026nbsp;Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 30 days.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems.\u0026nbsp; Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at\u0026nbsp;\u0026nbsp;\u003cu\u003e\u003ca href\u003d\"https://www.moog.com/\"\u003ewww.moog.com\u003c/a\u003e\u003c/u\u003e\u003cspan\u003e.\u003c/span\u003e\u003cbr\u003e\r\n\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"startDate":"2020-07-16T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2020/Third-Quarter-2020-Earnings-Webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Global Protests: We’re All In This Together","openInANewTab":false,"articleTitleType":"h2","smallDescription":"This is a pivotal time of unrest across the US and the world. We see issues of racial disparity dominating headlines with anger and frustration reaching a boiling point in our communities. We realize you might be feeling outrage, grief, or fear over these events. We want to ackno","description":"\u003cp\u003eMoog Chairman and CEO John Scannell and Moog’s Corporate Officers issued the following letter to employees on June 2, 2020:\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eThis is a pivotal time of unrest across the US and the world. We see issues of racial disparity dominating headlines with anger and frustration reaching a boiling point in our communities. We realize you might be feeling outrage, grief, or fear over these events. We want to acknowledge your feelings in these already stressful and challenging times, and provide our perspective as the leaders of your organization. \u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eAs people, as a community, and as a global society, we must all stand together against hatred and discrimination. We are all equals and must afford one another dignity, respect, and care. \u0026nbsp;In the wake of recent events and subsequent protests, now more than ever is the time for us to re-emphasize our company’s core values of trust, respect, and integrity, and play a more active role across our company to break down barriers and inequities, so that all our employees can thrive.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eAt Moog, we stand against racism, injustice, and violence. We’re All In This Together. To stand together, we must stand up for one another. We must all aspire to be respectful, open, welcoming, and inclusive of everyone’s individual differences. Let’s continue the conversation, listen to each other, work together to find solutions, and bring about meaningful change.\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eAs leaders of your company we are exploring ways to further build our commitment to diversity, equity, and inclusion and foster an environment where everyone feels respected, included, comfortable, and empowered to bring their whole, authentic self to work every day. \u0026nbsp;Moog’s success has been, and will continue to be, built on the type of innovation that comes only from unique perspectives.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eEveryone benefits when we work in an environment that is free from bias and discrimination and where prejudiced behavior is not tolerated. Thank you for your dedication and commitment to protecting our culture and embracing everyone who works here.\u003c/p\u003e\r\n","tags":["moog_news","moog-news-and-events:category/corporate-press-releases"],"startDate":"2020-06-08T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2020/we-are-all-in-this-together.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Reports Second Quarter Results","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended March 28, 2020.","description":"\u003cp\u003e“We find ourselves in unprecedented times,” said John Scannell, Chairman and CEO. “The COVID-19 pandemic is impacting every single one of us in a deep and personal way. We hope everyone is taking care of themselves and their families. In difficult circumstances like these, we believe business must be a force for good. Our priorities are clear. First and foremost, is the health and safety of our employees and their families, and second, meeting the needs of our customers, and thereby securing the financial well-being of the company. We are facing a global economic disruption and working hard to create value for all our stakeholders is now more important than ever. Our employees are rising to the occasion and I’m humbled by their dedication and commitment.”\u003c/p\u003e\r\n\u003cp\u003eSecond Quarter Highlights\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e• Sales of $765 million, up 6% from a year ago;\u003c/p\u003e\r\n\u003cp\u003e• Operating margins of 11.0% up from 10.8% a year ago;\u003c/p\u003e\r\n\u003cp\u003e• Diluted earnings per share of $1.48, up 26% from a year ago;\u003c/p\u003e\r\n\u003cp\u003e• Effective tax rate of 19.2%; and\u003c/p\u003e\r\n\u003cp\u003e• $39 million cash flow from operating activities.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003ca name\u003d\"_Hlk38378797\" id\u003d\"_Hlk38378797\"\u003e\u003c/a\u003eFiscal 2020 Outlook\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eLate in the second quarter, business disruptions related to the pandemic started to affect the Company’s operations. Given the considerable uncertainty around the extent and duration of these circumstances, and how they will impact operations, the Company is suspending its previously provided fiscal year 2020 guidance.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eActions that have been taken to address business pressures and preserve liquidity include:\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e• Temporarily suspending dividend payments;\u003c/p\u003e\r\n\u003cp\u003e• Temporarily suspending share buyback activities;\u003c/p\u003e\r\n\u003cp\u003e• Minimizing capital spend; \u003c/p\u003e\r\n\u003cp\u003e• Reducing discretionary spending; \u003c/p\u003e\r\n\u003cp\u003e• Implementing hiring and salary freezes;\u003c/p\u003e\r\n\u003cp\u003e• Aligning company resources and incoming inventory to be in line with expected customer demand;\u003c/p\u003e\r\n\u003cp\u003e• Optimizing the timing of cash flow; and\u003c/p\u003e\r\n\u003cp\u003e• Implementing vendor financing programs.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eSegment Results\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eTotal Aircraft Controls segment sales in the quarter were $341 million, up 6% year over year. Military aircraft sales of $176 million were 13% higher. F-35 Joint Strike Fighter sales were very strong, up23%. Military aftermarket sales of $61 million, increased 14%, on F-35 and F-15 sustainment activity.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eCommercial aircraft revenues were unchanged, at $166 million. Boeing OEM sales were slightly higher, at $65 million, on increased 787 sales. Airbus sales of $38 million were down 13%, tied tolower A350 deliveries. Commercial aftermarket sales increased 7%, on activity across multiple programs.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eSpace and Defense segment sales were $193 million, up 17% year over year. Space sales of $74 million increased 38%, driven by Department of Defense and NASA launch vehicle programs, and satellite engines. Defense sales were up 7%, to $119 million, on increases in missile, vehicle and naval product lines.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems segment sales in the quarter were $231 million, slightly lower compared to last year’s second quarter. Stronger energy market sales, up 23%, were helped by the GAT acquisition based in Germany. Medical market sales were 12% higher on very strong IV pump sales. Lower sales of industrial automation products, off 9%, and simulation and test products, off 18%, were tied to weak demand in China during the quarter.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eTotal backlog was $2.6 billion, with consolidated 12-month backlog at $1.8 billion, up 10% from a year ago.\u003ca name\u003d\"_Hlk38360327\" id\u003d\"_Hlk38360327\"\u003e\u003c/a\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eMr. Scannell concluded, “Overall, the second quarter was very strong with the impact from the pandemic only starting to affect our operations late in the quarter. As we look forward, our diversity across markets and our strong balance sheet are key to navigating the short-term challenges, while the strength of our franchise and our fundamental approach to business are the basis for our continued long-term success.” \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eListeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page approximately 90 minutesprior to the conference call.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"http://www.moog.com/\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eCautionary Statement\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e• The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e• We face various risks related to health epidemics such as the global COVID-19 pandemic, which may have material adverse consequences on our operations, financial position, cash flows, and those of our customers and suppliers;\u003c/p\u003e\r\n\u003cp\u003e• We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e• We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e• We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e• We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e• We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/p\u003e\r\n\u003cp\u003e• If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/p\u003e\r\n\u003cp\u003e• We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings;\u003c/p\u003e\r\n\u003cp\u003e• Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e• The loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/p\u003e\r\n\u003cp\u003e• Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e• Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/p\u003e\r\n\u003cp\u003e• Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e• Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e• The potential phase out of LIBOR may negatively impact our debt agreements and financial position, results of operations and liquidity;\u003c/p\u003e\r\n\u003cp\u003e• Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e• A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/p\u003e\r\n\u003cp\u003e• Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/p\u003e\r\n\u003cp\u003e• Our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e• The United Kingdom\u0027s decision to exit the European Union may bring short-term and long-term adverse impacts on our results of operations;\u003c/p\u003e\r\n\u003cp\u003e• Escalating tariffs, restrictions on imports or other trade barriers between the United States and various countries may impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e• Unforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/p\u003e\r\n\u003cp\u003e• Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e• The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/p\u003e\r\n\u003cp\u003e• We are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/p\u003e\r\n\u003cp\u003e• Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business;\u003c/p\u003e\r\n\u003cp\u003e• Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report. \u003c/p\u003e\r\n","tags":["moog_news","moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"startDate":"2020-04-24T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2020/Moog-Reports-Second-Quarter-Results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Second Quarter 2020 Earnings Webcast","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY - Moog Inc. (NYSE: MOG.A and MOG.B) will release its second quarter fiscal 2020 earnings for the period ended March 28, 2020 on Friday, April 24, 2020. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be sim","description":"\u003cp\u003eEast Aurora, NY - Moog Inc. (NYSE: MOG.A and MOG.B) will release its second quarter fiscal 2020 earnings for the period ended March 28, 2020 on Friday, April 24, 2020. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 30 days.\u003cbr\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e\u003cbr\u003e\r\nMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems.\u0026nbsp; Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at\u0026nbsp;\u003cu\u003ewww.moog.com\u003c/u\u003e.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"startDate":"2020-04-16T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2020/Second-Quarter-2020-Earnings-Webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Reports First Quarter Results","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the first quarter ended December 28, 2019.","description":"\u003cp\u003eJanuary 24th, 2020\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the first quarter ended December 28, 2019.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFirst Quarter Highlights \u003c/b\u003e\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e• Sales of $755 million, up 11% from a year ago;\u003c/p\u003e\r\n\u003cp\u003e• Operating margins of 12.0% up from 11.7% a year ago;\u003c/p\u003e\r\n\u003cp\u003e• Effective tax rate of 25.2%;\u003c/p\u003e\r\n\u003cp\u003e• Diluted earnings per share of $1.44, up 18% from a year ago;\u003c/p\u003e\r\n\u003cp\u003e• $42 million cash flow from operating activities.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSegment\u003c/b\u003e \u003cb\u003eResults\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eTotal Aircraft Controls segment sales in the quarter were $340 million, up 12% year over year. Military aircraft sales in the quarter were $174 million, 18% higher than a year ago. Military OEM sales increased 19%, to $118 million, on strong foreign program activity. Military aftermarket saleswere 17% higher, attributed to F-35 sustainment work.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eCommercial aircraft revenues increased 6%, to $166 million. Boeing sales were up 13%, to $69million, the result of strong 787 sales. Airbus sales \u003ca name\u003d\"_GoBack\" id\u003d\"_GoBack\"\u003e\u003c/a\u003eof $39 million increased 14% on A350 deliveries. Commercial aftermarket sales were mostly unchanged at $33 million.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eIn the quarter, Space and Defense segment sales were $186 million, up 19% year over year. Space sales were 25% higher, on increased sales of satellite avionics products, launch vehicle controls and NASA program activity. Defense sales were 17% higher, at $124 million, with increases in missilesystems, vehicles and defense components.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems segment sales in the quarter were $229 million, up 4% from a year ago. Medical pumps and associated product sales increased 22%, to $63 million. Energy product sales were 2% higher on offshore exploration activity. Higher flight simulation product sales mostly offset weaker sales of test equipment. Products sold into industrial automation applications were down marginally, to $107 million.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eTotal backlog was $2.4 billion, with consolidated 12-month backlog at $1.7 billion, up 16% from a year ago.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFiscal 2020 Outlook\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThe Company updated its fiscal 2020 projections of 90 days ago to adjust for the closing of a recent acquisition and the impact of recently completed financing activities.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e• Forecast sales of $3.0 billion;\u003c/p\u003e\r\n\u003cp\u003e• Forecast full year operating margins of 11.3%;\u003c/p\u003e\r\n\u003cp\u003e• Forecast effective tax rate of 25.3%;\u003c/p\u003e\r\n\u003cp\u003e• Forecast diluted earnings per share of $5.50, plus or minus $0.20;\u003c/p\u003e\r\n\u003cp\u003e• Forecast cash flow from operations of $272 million.\u003c/p\u003e\r\n\u003cp\u003e\u003c/p\u003e\r\n\u003cp\u003e“We’re very pleased with our first quarter results,” said John Scannell, Chairman and CEO. “Sales were up 11% and earnings per share were 18% higher relative to last year’s first quarter. Defensesales were strong across all our applications and we recently completed a very successful senior notes offering. We’re adjusting our forecast for the full year slightly, increasing our sales outlook by $35 million to account for the GAT acquisition. We’re also decreasing our EPS guidance by $0.05 to account for the combined impact of our recent debt offering and our share buyback activity.”\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eIn the first quarter of FY 2020, the Company changed its method of accounting for the determination of the market-related value of certain assets of the qualified U.S. defined benefit plan. This change in accounting principle is preferable based on U.S. generally accepted accounting principles. The change requires retrospective application. The impact of adoption for Q1 FY 2019 was ($0.03) per share and for all of FY 2019 the impact of adoption was ($0.15) per share. \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eListeners can access the call live or in replay mode at \u003ca href\u003d\"http://www.moog.com/investors/communications\"\u003ewww.moog.com/investors/communications\u003c/a\u003e.Supplemental financial data will be available on the webcast web page 90 minutes prior to the conference call.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e▪ The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e▪ We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e▪ We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e▪ We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e▪ We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e▪ We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/p\u003e\r\n\u003cp\u003e▪ If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/p\u003e\r\n\u003cp\u003e▪ We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings;\u003c/p\u003e\r\n\u003cp\u003e▪ Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e▪ The loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/p\u003e\r\n\u003cp\u003e▪ Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e▪ Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/p\u003e\r\n\u003cp\u003e▪ Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e▪ Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e▪ The potential phase out of LIBOR may negatively impact our debt agreements and financial position, results of operations and liquidity;\u003c/p\u003e\r\n\u003cp\u003e▪ Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e▪ A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/p\u003e\r\n\u003cp\u003e▪ Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/p\u003e\r\n\u003cp\u003e▪ Our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e▪ The United Kingdom\u0027s decision to exit the European Union may bring short-term and long-term adverse impacts on our results of operations;\u003c/p\u003e\r\n\u003cp\u003e▪ Escalating tariffs, restrictions on imports or other trade barriers between the United States and various countries may impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e▪ Unforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/p\u003e\r\n\u003cp\u003e▪ Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e▪ The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/p\u003e\r\n\u003cp\u003e▪ We are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/p\u003e\r\n\u003cp\u003e▪ Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business;\u003c/p\u003e\r\n\u003cp\u003e▪ Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report. \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003ca href\u003d\"/content/dam/moog/literature/Corporate/Investors/press-releases-pdf/2020/Final%20PR_Q1_2020.pdf\"\u003eStatements\u003c/a\u003e\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"startDate":"2020-01-24T00:00:00.000-05:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2020/moog-reports-first-quarter-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Cash Dividend","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on March 2, 2020 to all shareholders of record as of the close of business on February 14, 2020.\r\n","description":"\u003cp\u003eJanuary 24th, 2020\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on March 2, 2020 to all shareholders of record as of the close of business on February 14, 2020.\u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $9 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb style\u003d\"\"\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e▪ The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e▪ We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e▪ We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e▪ We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e▪ We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e▪ We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/p\u003e\r\n\u003cp\u003e▪ If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/p\u003e\r\n\u003cp\u003e▪ We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings;\u003c/p\u003e\r\n\u003cp\u003e▪ Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e▪ The loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/p\u003e\r\n\u003cp\u003e▪ Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e▪ Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/p\u003e\r\n\u003cp\u003e▪ Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e▪ Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e▪ The potential phase out of LIBOR may negatively impact our debt agreements and financial position, results of operations and liquidity;\u003c/p\u003e\r\n\u003cp\u003e▪ Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversel\u003ca name\u003d\"_GoBack\" id\u003d\"_GoBack\"\u003e\u003c/a\u003ey affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e▪ A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/p\u003e\r\n\u003cp\u003e▪ Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/p\u003e\r\n\u003cp\u003e▪ Our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e▪ The United Kingdom\u0027s decision to exit the European Union may bring short-term and long-term adverse impacts on our results of operations;\u003c/p\u003e\r\n\u003cp\u003e▪ Escalating tariffs, restrictions on imports or other trade barriers between the United States and various countries may impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e▪ Unforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/p\u003e\r\n\u003cp\u003e▪ Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e▪ The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/p\u003e\r\n\u003cp\u003e▪ We are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/p\u003e\r\n\u003cp\u003e▪ Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business;\u003c/p\u003e\r\n\u003cp\u003e▪ Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report.\u003c/p\u003e\r\n","tags":["moog_news","corporate","moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"startDate":"2020-01-24T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2020/Cash-Dividend.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces First Quarter Fiscal Year 2020 Earnings Webcast on January 24, 2020","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its first quarter fiscal 2020 earnings for the period ended December 28, 2019 on Friday, January 24, 2020. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its first quarter fiscal 2020 earnings for the period ended December 28, 2019 on Friday, January 24, 2020. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eListeners can access the conference call live or in replay mode on the Internet at \u003ca href\u003d\"http://www.moog.com/investors/communications/\"\u003ehttp://www.moog.com/investors/communications/\u003c/a\u003e. Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 45 days.\u003c/p\u003e\r\n\u003cp\u003e\u003cbr /\u003e\r\nMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the Company can be found at \u003cu\u003ewww.moog.com\u003c/u\u003e.\u003c/p\u003e\r\n","tags":["moog_news","corporate","moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"startDate":"2020-01-17T00:00:00.000-05:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2020/First-Quarter-2020-Earnings-Webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog to Call 5¼% Senior Notes Due in 2022","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY, Moog Inc. (NYSE: MOG.A and MOG.B) announced today that a notice of redemption is being issued to the holders of the Company’s 5.25% senior notes due in 2022 (the “Notes”), to redeem and retire all of the outstanding Notes. The Notes, which are in the aggregate principal amount of $300 million, will be redeemed at a redemption price of 101.313% of the principal amount thereof on January 13, 2020 pursuant to an early redemption right. Interest will be paid on the Notes to, but not including, the redemption date. The trustee for the Notes is MUFG Union Bank, N.A.","description":"\u003cp\u003eEast Aurora, NY, Moog Inc. (NYSE: MOG.A and MOG.B) announced today that a notice of redemption is being issued to the holders of the Company’s 5.25% senior notes due in 2022 (the “Notes”), to redeem and retire all of the outstanding Notes. The Notes, which are in the aggregate principal amount of $300 million, will be redeemed at a redemption price of 101.313% of the principal amount thereof on January 13, 2020 pursuant to an early redemption right. Interest will be paid on the Notes to, but not including, the redemption date. The trustee for the Notes is MUFG Union Bank, N.A.\u003c/p\u003e\r\n\u003cp\u003eThe Notes will be redeemed using proceeds drawn from the Company’s U.S. revolving credit facility. For the first quarter of fiscal 2020 ending December 28, 2019, the Company estimates the cost of redeeming the Notes to be approximately $0.08 per share related to the redemption premium to be paid.\u0026nbsp; This redemption does not alter the Company’s financial projections for net earnings and diluted earnings per share in fiscal year 2020 that were included in its report on Form 8-K dated and filed on December 6, 2019.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included in this release that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and are not guarantees of future performance. This includes but is not limited to, the Company’s ability to consummate the redemption of the Notes and the financial impact of redeeming the Notes on the Company\u0027s financial results. The impact or occurrence of factors, risks and uncertainties could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; The loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; Our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; The United Kingdom\u0027s decision to exit the European Union may bring short-term and long-term adverse impacts on our results of operations;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; Escalating tariffs, restrictions on imports or other trade barriers between the United States and various countries may impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; Unforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; We are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business;\u003c/p\u003e\r\n\u003cp\u003e▪ \u0026nbsp;\u0026nbsp;\u0026nbsp; Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs. ##\u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this release.\u003c/p\u003e\r\n","tags":["moog_news","moog-news-and-events:category/corporate-press-releases"],"startDate":"2019-12-12T00:00:00.000-05:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2019/moog-to-call-senior-notes-due-in-2022.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Offering of Senior Notes","openInANewTab":false,"articleTitleType":"h1","smallDescription":"EAST AURORA, N.Y.--(BUSINESS WIRE)-- Moog Inc. (NYSE: MOG.A and MOG.B) announced today an offering of $400 million in aggregate principal amount of senior notes due 2027 to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Offers to persons outside the United States will be made pursuant to Regulation S under the Securities Act. The proposed offering is subject to market and other conditions. Moog Inc. intends to use the net proceeds of the offering to redeem the $300.0 million aggregate principal amount outstanding on its 5.250% Senior Notes due 2022 and repay a portion of outstanding borrowings under its senior bank credit facility.","description":"\u003cp\u003eEAST AURORA, N.Y.--(\u003ca href\u003d\"https://urldefense.proofpoint.com/v2/url?u\u003dhttp-3A__www.businesswire.com\u0026amp;d\u003dDwMFaQ\u0026amp;c\u003dByDrzdYw8tO08sJlHDO_Vg\u0026amp;r\u003dtw4FZ0OS4s9I-FYAGZ06AA\u0026amp;m\u003dELcU1UijP9_6ThS0dv-ozj6YzSBTtDUmkAkbT8eIWvs\u0026amp;s\u003d9jZgwevFIFLw10yNylNh0rst7XUH7XemKBrWRqC1KAw\u0026amp;e\u003d\"\u003eBUSINESS WIRE\u003c/a\u003e)-- Moog Inc. (NYSE: MOG.A and MOG.B) announced today an offering of $400 million in aggregate principal amount of senior notes due 2027 to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Offers to persons outside the United States will be made pursuant to Regulation S under the Securities Act. The proposed offering is subject to market and other conditions. Moog Inc. intends to use the net proceeds of the offering to redeem the $300.0 million aggregate principal amount outstanding on its 5.250% Senior Notes due 2022 and repay a portion of outstanding borrowings under its senior bank credit facility.\u003c/p\u003e\r\n\u003cp\u003eThe notes have not been, and will not be, registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.\u003c/p\u003e\r\n\u003cp\u003eThis press release does not constitute an offer to sell, or the solicitation of any offer to buy, the notes, nor shall there be any sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of the notes under the securities laws of that jurisdiction.\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included in this release that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to consummate the Company’s proposed senior notes offering and the intended use of proceeds from such offering. The impact or occurrence of factors, risks and uncertainties could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u0026nbsp;\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eThe markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/li\u003e\r\n\u003cli\u003eWe operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/li\u003e\r\n\u003cli\u003eWe depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/li\u003e\r\n\u003cli\u003eWe make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/li\u003e\r\n\u003cli\u003eWe enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/li\u003e\r\n\u003cli\u003eWe may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/li\u003e\r\n\u003cli\u003eIf our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/li\u003e\r\n\u003cli\u003eWe may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings;\u003c/li\u003e\r\n\u003cli\u003eContracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/li\u003e\r\n\u003cli\u003eThe loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/li\u003e\r\n\u003cli\u003eOur new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/li\u003e\r\n\u003cli\u003eOur inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/li\u003e\r\n\u003cli\u003eOur business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/li\u003e\r\n\u003cli\u003eOur indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/li\u003e\r\n\u003cli\u003eSignificant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/li\u003e\r\n\u003cli\u003eA write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/li\u003e\r\n\u003cli\u003eOur sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/li\u003e\r\n\u003cli\u003eOur operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/li\u003e\r\n\u003cli\u003eThe United Kingdom\u0027s decision to exit the European Union may bring short-term and long-term adverse impacts on our results of operations;\u003c/li\u003e\r\n\u003cli\u003eEscalating tariffs, restrictions on imports or other trade barriers between the United States and various countries may impact our results of operations;\u003c/li\u003e\r\n\u003cli\u003eUnforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/li\u003e\r\n\u003cli\u003eGovernment regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/li\u003e\r\n\u003cli\u003eThe failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/li\u003e\r\n\u003cli\u003eWe are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/li\u003e\r\n\u003cli\u003eFuture terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business;\u003c/li\u003e\r\n\u003cli\u003eOur operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this release.\u003c/p\u003e\r\n\u003cp\u003eView source version:\u003cbr\u003e\r\n\u003ca href\u003d\"https://urldefense.proofpoint.com/v2/url?u\u003dhttps-3A__www.businesswire.com_news_home_20191205005433_en_\u0026amp;d\u003dDwMFaQ\u0026amp;c\u003dByDrzdYw8tO08sJlHDO_Vg\u0026amp;r\u003dtw4FZ0OS4s9I-FYAGZ06AA\u0026amp;m\u003dELcU1UijP9_6ThS0dv-ozj6YzSBTtDUmkAkbT8eIWvs\u0026amp;s\u003dX2suAHTJ-fuRnRnZu6JMlqDspGuLCUReM_ONWCMZHfg\u0026amp;e\u003d\"\u003ehttps://www.businesswire.com/news/home/20191205005433/en/\u003c/a\u003e\u003c/p\u003e\r\n","tags":["moog_news","moog-news-and-events:category/corporate-press-releases"],"startDate":"2019-12-05T00:00:00.000-05:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2019/moog-announces-offering-of-senior-notes.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Announces Award of Lockheed Martin Production Contracts for the F-35 Lightning II","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY Moog Inc. (NYSE: MOG.A and MOG.B) announced today that the company has been awarded contracts for the Primary Flight Control Actuation System, also known as the Electro-Hydrostatic Actuation System; the Leading Edge Flap Drive System; and the Wingfold Actuation System from Lockheed Martin on the F-35 Lightning II 5th Generation fighter.","description":"\u003cp\u003eEast Aurora, NY Moog Inc. (NYSE: MOG.A and MOG.B) announced today that the company has been awarded contracts for the Primary Flight Control Actuation System, also known as the Electro-Hydrostatic Actuation System; the Leading Edge Flap Drive System; and the Wingfold Actuation System from Lockheed Martin on the F-35 Lightning II 5\u003csup\u003eth\u003c/sup\u003e Generation fighter.\u003cb\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e“The F-35 will be in service for decades, and we’re committed to providing our warfighters the very best equipment,” said Ralph Elbert, Group VP Military Sector. “Moog’s unique capabilities of providing actuators, power drive electronics, control electronics and software allows us to provide unmatched value to Lockheed Martin on the F-35 aircraft.”\u003c/p\u003e\r\n\u003cp\u003eLockheed Martin has put Moog under contract for the next three years of F-35 production with a contract value in excess of $400 million dollars.\u003c/p\u003e\r\n\u003cp\u003e“With strong government-industry partnerships and a relentless focus on cost reduction, the \u003cbr /\u003e\r\n F-35 enterprise has successfully reduced procurement costs of the F-35 to equal or less than 4th Generation legacy aircraft.” said Lockheed Martin Executive Vice President and General Manager of the F-35 Program Greg Ulmer. “The unit price for all three F-35 variants has been reduced, including the F-35A cost below $80 million in Lot 13, achieving the Pentagon and Lockheed Martin’s long-standing cost reduction commitment earlier than planned.”\u003c/p\u003e\r\n\u003cp\u003eMoog is proud to be a valued supplier of Lockheed Martin on the F-35 program and looks forward to supporting our nation’s and allies’ defense on this platform for years to come. \u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com. \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e§ The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e§ We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e§ We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e§ We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e§ We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e§ We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/p\u003e\r\n\u003cp\u003e§ If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/p\u003e\r\n\u003cp\u003e§ We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings;\u003c/p\u003e\r\n\u003cp\u003e§ Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e§ The loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/p\u003e\r\n\u003cp\u003e§ Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e§ Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/p\u003e\r\n\u003cp\u003e§ Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e§ Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e§ Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e§ A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/p\u003e\r\n\u003cp\u003e§ Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/p\u003e\r\n\u003cp\u003e§ Our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e§ The United Kingdom\u0027s decision to exit the European Union may bring short-term and long-term adverse impacts on our results of operations;\u003c/p\u003e\r\n\u003cp\u003e§ Escalating tariffs, restrictions on imports or other trade barriers between the United States and various countries may impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e§ Unforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/p\u003e\r\n\u003cp\u003e§ Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e§ The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/p\u003e\r\n\u003cp\u003e§ We are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/p\u003e\r\n\u003cp\u003e§ Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business;\u003c/p\u003e\r\n\u003cp\u003e§ Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report. \u003c/p\u003e\r\n","tags":["moog_news","moog-news-and-events:category/corporate-press-releases"],"startDate":"2019-11-20T00:00:00.000-05:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2019/moog-announces-award-of-lockheed-martin-production-contracts-for.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Announces CFO Transition","openInANewTab":false,"articleTitleType":"h2","smallDescription":"EAST AURORA, N.Y. Moog Inc. (NYSE: MOG.A and MOG.B) announced today that Donald R. Fishback, Vice President and Chief Financial Officer, has announced his intention to retire as CFO effective January 2, 2020. He will continue to serve as a director on Moog’s Board, a position he was first elected to in 2015.","description":"\u003cp\u003eEAST AURORA, N.Y. Moog Inc. (NYSE: MOG.A and MOG.B) announced today that Donald R. Fishback, Vice President and Chief Financial Officer, has announced his intention to retire as CFO effective January 2, 2020. He will continue to serve as a director on Moog’s Board, a position he was first elected to in 2015.\u003c/p\u003e\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003cp\u003eMr. Fishback joined Moog in 1981 after working as a certified public accountant for Deloitte. Over his career at Moog, the Company grew from $155 million in sales to nearly $3 billion. He was elected CFO in 2010.\u003c/p\u003e\r\n\u003cp\u003eMoog’s Directors elected Jennifer Walter Vice President and Chief Financial Officer effective January 2, 2020. She currently holds the position of Vice President - Finance, and previously held the role of Corporate Controller and Principal Accounting Officer. She joined Moog in 2000 after working as a certified public accountant for KPMG. Ms. Walter holds a BS in accounting, a BA in Psychology and an MBA from SUNY at Buffalo. She recently completed the Advanced Management Program at the Harvard Business School.\u003c/p\u003e\r\n\u003cp\u003e“Don Fishback has been an integral part of the corporate team at Moog for close to 40 years,” said John Scannell, Chairman and CEO. “He has contributed to the growth and financial strength of our Company while working on acquisitions and developing our banking relationships. For the past ten years, Don has been a go-to resource for the investment community. I will miss his daily guidance, but I look forward to continuing to work together as directors. Having worked closely with Jennifer Walter over the past decade, I’m confident that Jennifer will be a strong successor to Don and I look forward to her CFO leadership.”\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at\u0026nbsp;\u003ca href\u003d\"https://urldefense.proofpoint.com/v2/url?u\u003dhttps-3A__cts.businesswire.com_ct_CT-3Fid-3Dsmartlink-26url-3Dhttp-253A-252F-252Fwww.moog.com-26esheet-3D52127990-26newsitemid-3D20191113005167-26lan-3Den-2DUS-26anchor-3Dwww.moog.com-26index-3D1-26md5-3D611b2c0a8b0f2ed5d9efbc948458c1da\u0026amp;d\u003dDwMFaQ\u0026amp;c\u003dByDrzdYw8tO08sJlHDO_Vg\u0026amp;r\u003d3j6Gta-mC3ZsrkqauCEPtg\u0026amp;m\u003d93Pvt37euoV_oZN20bWsPAuMZLHhDEkL9EW1qdphAtQ\u0026amp;s\u003dzyrKzDkImd4A7N-wPpJLPQmGlfHkNrnHhq5VN3m1yYA\u0026amp;e\u003d\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n","tags":["moog_news","moog-news-and-events:category/corporate-press-releases"],"startDate":"2019-11-13T00:00:00.000-05:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2019/moog-announces-cfo-transition.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Cash Dividend","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock.","description":"\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on December 2, 2019 to all shareholders of record as of the close of business on November 15, 2019.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $9 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e▪ The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e▪ We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e▪ We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e▪ We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e▪ We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e▪ We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/p\u003e\r\n\u003cp\u003e▪ If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/p\u003e\r\n\u003cp\u003e▪ We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings;\u003c/p\u003e\r\n\u003cp\u003e▪ Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e▪ The loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/p\u003e\r\n\u003cp\u003e▪ Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e▪ Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/p\u003e\r\n\u003cp\u003e▪ Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e▪ Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e▪ Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e▪ A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/p\u003e\r\n\u003cp\u003e▪ Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/p\u003e\r\n\u003cp\u003e▪ Our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e▪ The United Kingdom\u0027s decision to exit the European Union may bring short-term and long-term adverse impacts on our results of operations;\u003c/p\u003e\r\n\u003cp\u003e▪ Escalating tariffs, restrictions on imports or other trade barriers between the United States and various countries may impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e▪ Unforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/p\u003e\r\n\u003cp\u003e▪ Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e▪ The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/p\u003e\r\n\u003cp\u003e▪ We are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/p\u003e\r\n\u003cp\u003e▪ Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business;\u003c/p\u003e\r\n\u003cp\u003e▪ Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investo\u003ca name\u003d\"_GoBack\" id\u003d\"_GoBack\"\u003e\u003c/a\u003ers should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report.\u003c/p\u003e\r\n","tags":["moog_news","moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"startDate":"2019-11-01T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2019/moog-announces-cash-dividend-Q4.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Reports Year End Results 2019 and Initial Guidance for 2020","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the fourth quarter and fiscal year ended September 28, 2019.","description":"\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eNovember 1st, 2019\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the fourth quarter and fiscal year ended September 28, 2019.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFourth Quarter Highlights \u003cbr /\u003e\r\n\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e• Sales of $765 million, up 9% from a year ago;\u003c/p\u003e\r\n\u003cp\u003e• Diluted earnings per share of $1.31;\u003c/p\u003e\r\n\u003cp\u003e• Operating margins of 10.4%;\u003c/p\u003e\r\n\u003cp\u003e• Tax rate of 21.3%;\u003c/p\u003e\r\n\u003cp\u003e• $52 million cash flow from operating activities.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFull-Year 2019 Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e• Sales of $2.9 billion, up 7% from a year ago;\u003c/p\u003e\r\n\u003cp\u003e• Diluted earnings per share of $5.11;\u003c/p\u003e\r\n\u003cp\u003e• Operating margins of 11.1%;\u003c/p\u003e\r\n\u003cp\u003e• Tax rate of 23.1%;\u003c/p\u003e\r\n\u003cp\u003e• $181 million cash flow from operating activities.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFiscal 2020 Outlook\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eThe Company provided its initial projections for fiscal 2020.\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e• Forecast sales of $3.0 billion, up 4%;\u003c/p\u003e\r\n\u003cp\u003e• Forecast diluted earnings per share of $5.55, plus or minus $0.20;\u003c/p\u003e\r\n\u003cp\u003e• Forecast full year operating margins of 11.5%;\u003c/p\u003e\r\n\u003cp\u003e• Forecast tax rate of 25.3%;\u003c/p\u003e\r\n\u003cp\u003e• Forecast $275 million cash flow from operating activities.\u003c/p\u003e\r\n\u003cp\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSegment Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eTotal Aircraft Controls segment sales in the quarter were $342 million, up 12% year over year. Commercial aircraft revenues in the quarter were very strong, up 18%, to $184 million. Sales of OEM products to Boeing were up 21%, to $73 million, the result of increased 787 activity. Airbus OEM sales increased 32%, to $48 million, on A350 sales. Commercial aftermarket sales were off 12% on lower initial provisioning spares for the Airbus A350 and legacy program repairs.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eMilitary aircraft sales increased 7%, to $158 million. Military OEM sales were 11% higher, at $106 million, on V-22 and funded development work. Military aftermarket sales were flat, at $52 million, with increased \u003cbr /\u003e\r\nF-35 repairs mostly offsetting slower repair work on other platforms.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eFull-year Aircraft Controls sales were $1.3 billion, up 9%. Military aircraft sales of $622 million were 9% higher. Military OEM sales increased 9%, to $415 million, on very strong F-35 and other fighter aircraft deliveries. Military aftermarket sales were 9% higher, the result of increases in F-35 and V-22 repairs. \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eCommercial aircraft sales increased 10%, to $681 million, driven by OEM sales, whichincreased 15% year over year. Boeing OEM sales were 11% higher, at $264 million. Airbus OEM sales increased 14%, to $173 million, on A350 deliveries. Commercial aftermarket sales were off 7% on softer initial provisioning of spares for the A350.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eIn the quarter, Space and Defense segment sales were $190 million, up 23% year over year. Defense sales were 28% higher on sales of missile controls, the RIwP reconfigurable turret platform and power and data component sales used on multiple platforms. Space sales were 13% higher, at $60 million, attributed to hypersonic development and launch vehicle programs.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eSpace and Defense sales for the year increased 18%, to $683 million. The results were driven by most of the same factors as the quarterly results. Defense sales increased 27%, to $464million, the result of funded development work, higher sales for missile controls and demand for components used in a variety of ground vehicle markets. Space sales were 2% higher, at $219 million. An increase in launch vehicle program sales offset lower demand for satellite avionics products.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems segment sales in the quarter were $234 million, down 4% from year ago.Energy sales were off $11 million following the company’s exit from the wind pitch controls business last year. Medical product sales were up 11%, offsetting slightly lower sales of industrial automation and simulation and test products, where sales were both off 3%.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eFull-year Industrial Systems sales were $918 million, 2% lower, mainly due to foreign exchange movements. Energy sales were down 26%, to $121 million, but were mostly unchanged after adjusting for the wind business exit. Sales of medical pumps and associated products increased 7%, to $227 million, in part due to market share gains for enteral pumps. Industrial automation sales of $448 million, were up 4%. Simulation and test sales were 3% lower, attributed to sales of motion bases sold into entertainment applications.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eConsolidated year-end 12-month backlog was $1.50 billion, up 1% from a year ago.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e“Fiscal ’19 was a record year for our company in terms of both sales and earnings per share,” said John Scannell, Chairman and CEO. “Our defense portfolio was particularly strong this year with growth across all our major platforms. It was a year in which we encountered some operational challenges due to the combination of growth and supply chain strains. We learned from the experience and initiated a program to upgrade our operations over the coming couple of years to a new level of excellence. As we look to fiscal ’20, we anticipate continued organic growth with sales next year of $3.0 billion. Operating margins will also be up, led by a healthy improvement in Aircraft margins. Finally, earnings per share of $5.55, will be 9% higher than this year.”\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call. Listeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page 90 minutes prior to the conference call.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"http://www.moog.com/\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e▪ The markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e▪ We operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e▪ We depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e▪ We make estimates in accounting for over-time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e▪ We enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e▪ We may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/p\u003e\r\n\u003cp\u003e▪ If our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/p\u003e\r\n\u003cp\u003e▪ We may not be able to prevent, or timely detect, issues with our products and our manufacturing processes which may adversely affect our operations and our earnings;\u003c/p\u003e\r\n\u003cp\u003e▪ Contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks, and any false claims or non-compliance could subject us to fines, penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e▪ The loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/p\u003e\r\n\u003cp\u003e▪ Our new products and technology research and development efforts are substantial and may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e▪ Our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/p\u003e\r\n\u003cp\u003e▪ Our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e▪ Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e▪ Significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e▪ A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/p\u003e\r\n\u003cp\u003e▪ Our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/p\u003e\r\n\u003cp\u003e▪ Our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e▪ The United Kingdom\u0027s decision to exit the European Union may bring short-term and long-term adverse impacts on our results of operations;\u003c/p\u003e\r\n\u003cp\u003e▪ Escalating tariffs, restrictions on imports or other trade barriers between the United States and various countries may impact our results of operations;\u003c/p\u003e\r\n\u003cp\u003e▪ Unforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/p\u003e\r\n\u003cp\u003e▪ Government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e▪ The failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/p\u003e\r\n\u003cp\u003e▪ We are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/p\u003e\r\n\u003cp\u003e▪ Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business;\u003c/p\u003e\r\n\u003cp\u003e▪ Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report. \u003c/p\u003e\r\n","tags":["moog_news","moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/annual-reports"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2019-11-01T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Financial Press Releases","right":"moog-news-and-events:type/corporate-press-release/annual-reports"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2019/moog-reports-year-end-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Fourth Quarter and Year End 2019 Earnings Webcast","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its fourth quarter and year-end earnings for the period ended September 28, 2019 on Friday, November 1, 2019. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call.\r\n","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its fourth quarter and year-end earnings for the period ended September 28, 2019 on Friday, November 1, 2019. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call.\u003cbr /\u003e\r\n\u003cbr /\u003e\r\nListeners can access the conference call live or in replay mode on the Internet at \u003ca href\u003d\"http://www.moog.com/investors/communications/\"\u003ehttp://www.moog.com/investors/communications/\u003c/a\u003e. Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 45 days.\u003cbr /\u003e\r\n\u003cbr /\u003e\r\nMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the Company can be found at \u003cu style\u003d\"\"\u003ewww.moog.com\u003c/u\u003e.\u003cbr /\u003e\r\n\u003c/p\u003e\r\n","tags":["moog_news","moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"startDate":"2019-10-25T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2019/Fourth-Quarter-2019-Earnings-Webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Reports Third Quarter Results","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended June 29, 2019.","description":"\u003cp\u003eJuly 26, 2019\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended June 29, 2019.\u003c/p\u003e\r\n\u003cp\u003e\u003ca href\u003d\"/content/dam/moog/literature/Corporate/Investors/press-releases-pdf/2019/Earnings%20Press%20Release%207_26_2019.pdf\" target\u003d\"_blank\"\u003eClick Here to Download PDF\u003c/a\u003e\u003c/p\u003e\r\n\u003cp\u003eThird Quarter Highlights\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e• Sales of $741 million, up 7% from a year ago;\u003c/p\u003e\r\n\u003cp\u003e• Diluted earnings per share of $1.35, up 19% from a year ago;\u003c/p\u003e\r\n\u003cp\u003e• Operating margins of 11.4%, up from 10.9% last year;\u003c/p\u003e\r\n\u003cp\u003e• Cash flow from operating activities of $20 million.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eSegment Results\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eTotal Aircraft Controls segment sales in the quarter were $337 million, up 12% year over year. Military aircraft sales of $162 million were 13% higher on strong military OEM sales for foreign military platforms and helicopters. Military aftermarket sales were $55 million, up 14% on F-35 and V-22 program activity.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eCommercial aircraft revenues increased 12% to $174 million. Boeing OEM sales were $67 million, up 11%, the result of strong 787 sales. Airbus sales of $47 million increased 29% on A350 deliveries. Business jet sales were 42% higher year over year, on Gulfstream program activity. Commercial aftermarket sales were down 7%, due to lower initial provisioning for the A350.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eSpace and Defense segment sales were $173 million, up 16% year over year. Defense sales were up 23%, to $117 million, on increases in missile controls, ground vehicles and slip ring products. Space sales were 2%higher, with increases in sales to NASA and launch vehicles offsetting lower satellite avionics sales.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems segment sales in the quarter were $231 million, down 5% from last year’s third quarter. The Company’s exit from the wind pitch controls business last year accounted for most of the decrease, as energy sales were lower, at $30 million. Medical market sales were 5% higher, at $59 million, on strong enteral pump sales. Industrial automation sales of $114 million were in line with last year. Simulation and test sales of $28 million were mostly unchanged.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eTotal backlog was $2.1 billion, with consolidated 12-month backlog at $1.6 billion, up 7% from a year ago.\u0026#xc;Fiscal 2019 Outlook\u003c/p\u003e\r\n\u003cp\u003e\u003cbr /\u003e\r\nThe Company updated its projections for fiscal 2019.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e• Forecast sales of $2.9 billion, unchanged from 90 days ago;\u003c/p\u003e\r\n\u003cp\u003e• Forecast earnings per share of $5.05, plus or minus $0.10, unchanged from 90 days ago;\u003c/p\u003e\r\n\u003cp\u003e• Forecast full year operating margins of 11.3%;\u003c/p\u003e\r\n\u003cp\u003e• Forecast cash flow from operating activities of $210 million;\u003c/p\u003e\r\n\u003cp\u003e• Forecast effective tax rate of 24.2%.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e“It was a record quarter for our company in terms of both sales and earnings per share,” said John Scannell, Chairman and CEO. “As we look to the remainder of this year, we’re confident that we’ll meet our guidance for both sales and earnings per share, and we remain very optimistic about our longer-term growth prospects.Fifty years after Moog products helped steer the Apollo 11 mission to the Moon, our company continues to evolve and prosper. Our long-term outlook, continual investment in new technologies, unrelenting focus on meeting our customer’s demands and a deep rooted culture of mutual trust and respect are the ingredients for our success. We believe these values will continue to serve us well as we look to the next 50 years.”\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call. Listeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page 90 minutes prior to the conference call.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"http://www.moog.com/\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eCautionary Statement\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e• the markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e• we operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e• we depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e• we make estimates in accounting for over time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e• we enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e• we may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/p\u003e\r\n\u003cp\u003e• if our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/p\u003e\r\n\u003cp\u003e• contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks and false claims, and any non-compliance could subject us to fines and penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e• the loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/p\u003e\r\n\u003cp\u003e• our new product research and development efforts may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e• our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/p\u003e\r\n\u003cp\u003e• our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e• our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e• significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity;\u003c/p\u003e\r\n\u003cp\u003e• a write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/p\u003e\r\n\u003cp\u003e• our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/p\u003e\r\n\u003cp\u003e• our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e• unforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/p\u003e\r\n\u003cp\u003e• government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e• the failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/p\u003e\r\n\u003cp\u003e• we are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/p\u003e\r\n\u003cp\u003e• future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/p\u003e\r\n\u003cp\u003e• our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-l\u003ca name\u003d\"_GoBack\" id\u003d\"_GoBack\"\u003e\u003c/a\u003eooking statements made in this report. \u003c/p\u003e\r\n","tags":["moog_news","moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"startDate":"2019-07-26T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2019/Moog-Reports-Third-Quarter-Results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Cash Dividend","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on March 4, 2019 to all shareholders of record as of the close of business on February 15, 2019. \r\n\r\n","description":"\u003cp\u003eJuly 26, 2019\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on September 3, 2019 to all shareholders of record as of the close of business on August 15, 2019.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $9 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eCautionary Statement\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e• the markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e• we operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e• we depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e• we make estimates in accounting for over time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e• we enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e• we may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/p\u003e\r\n\u003cp\u003e• if our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/p\u003e\r\n\u003cp\u003e• contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks and false claims, and any non-compliance could subject us to fines and penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e• the loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/p\u003e\r\n\u003cp\u003e• our new product research and development efforts may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e• our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/p\u003e\r\n\u003cp\u003e• our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e• our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e• significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity;\u003c/p\u003e\r\n\u003cp\u003e• a write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/p\u003e\r\n\u003cp\u003e• our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/p\u003e\r\n\u003cp\u003e• our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e• unforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/p\u003e\r\n\u003cp\u003e• government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e• the failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/p\u003e\r\n\u003cp\u003e• we are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/p\u003e\r\n\u003cp\u003e• future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/p\u003e\r\n\u003cp\u003e• our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report.\u003c/p\u003e\r\n","tags":["moog_news","moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"startDate":"2019-07-25T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2019/Cash-Dividend-Q3.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Third Quarter 2019 Earnings Webcast","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY - Moog Inc. (NYSE: MOG.A and MOG.B) will release its third quarter fiscal 2019 earnings for the period ended June 29, 2019 on Friday, July 26, 2019. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call.","description":"\u003cp\u003eEast Aurora, NY - Moog Inc. (NYSE: MOG.A and MOG.B) will release its third quarter fiscal 2019 earnings for the period ended June 29, 2019 on Friday, July 26, 2019. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems.\u0026nbsp; Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at \u003cu\u003ewww.moog.com\u003c/u\u003e.\u0026nbsp; \u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n","tags":["moog_news","moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"startDate":"2019-07-19T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2019/Third-Quarter-2019-Earnings-Webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Announces Cash Dividend","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on June 3, 2019 to all shareholders of record as of the close of business on May 15, 2019. ","description":"\u003cp\u003eApril 26th, 2019\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on June 3, 2019 to all shareholders of record as of the close of business on May 15, 2019.\u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $9 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e• the markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e• we operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e• we depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e• we make estimates in accounting for over time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e• we enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e• we may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/p\u003e\r\n\u003cp\u003e• if our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/p\u003e\r\n\u003cp\u003e• contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks and false claims, and any non-compliance could subject us to fines and penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e• the loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/p\u003e\r\n\u003cp\u003e• our new product research and development efforts may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e• our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/p\u003e\r\n\u003cp\u003e• our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e• our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e• significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e• a write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/p\u003e\r\n\u003cp\u003e• our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/p\u003e\r\n\u003cp\u003e• our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e• unforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/p\u003e\r\n\u003cp\u003e• government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e• the failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/p\u003e\r\n\u003cp\u003e• we are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/p\u003e\r\n\u003cp\u003e• future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/p\u003e\r\n\u003cp\u003e• our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report. \u003c/p\u003e\r\n","tags":["moog_news","moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"startDate":"2019-04-26T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2019/Moog-Announces-Cash-Dividend.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Reports Second Quarter Results","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY ‐‐ Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended\r\nMarch 30, 2019.","description":"\u003cp\u003eApril 26, 2019\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY ‐‐ Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended March 30, 2019.\u003c/p\u003e\r\n\u003cp\u003e\u003ca href\u003d\"/content/dam/moog/literature/Corporate/Investors/press-releases-pdf/2019/Earnings%20Press%20Release%204_26_2019.pdf\"\u003eClick Here to Download PDF\u003c/a\u003e\u003c/p\u003e\r\n\u003cp\u003eSecond Quarter Highlights\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003e\u003cp\u003eSales of $719 million, up 4% from a year ago;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003eDiluted earnings per share of $1.20 includes a $0.20 per share charge related to a supplier quality issue in\u003c/p\u003e\r\n\u003cp\u003ethe Aircraft Controls segment;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003eCash flow from operations of $45 million.\u003c/p\u003e\r\n\u003cp\u003eSegment Results\u003c/p\u003e\r\n\u003cp\u003eTotal Aircraft Controls segment sales in the quarter were $321 million, up 3% year over year. Military aircraft sales of $155 million were unchanged. F‐35 Joint Strike Fighter sales increased 4%. Other OEM military sales were down 11%, to $68 million, attributed to lower sales in helicopter product lines. Military aftermarket sales were $53 million, up 13% on F‐35 and V‐22 program activity.\u003c/p\u003e\r\n\u003cp\u003eCommercial aircraft revenues increased 6%, to $166 million. Boeing OEM sales were $64 million, up 12% on strong 787 sales. Airbus sales of $44 million increased 12% on A350 deliveries. Other legacy OEM sales were higher year over year. Commercial aftermarket sales were down 9%, mostly due to lower business jet and 787 activity.\u003c/p\u003e\r\n\u003cp\u003eSpace and Defense segment sales were $165 million, up 15% year over year. Defense sales were up 30%, to $111 million, on increases in all product lines. Space sales were off 8%, attributed to decreases in sales of space avionics and satellite products, compared to last year’s strong second quarter.\u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems segment sales in the quarter were $233 million, mostly unchanged from last year’s second quarter. The Company’s exit from the wind pitch controls business last year reduced energy market sales, but were offset, in part, by higher sales for energy exploration applications. Industrial automation sales were up a healthy 7%, to $116 million, helped by the large motor acquisition in the Czech Republic. Medical market sales were 6% higher on strong enteral pump sales. Simulation and test sales were mostly unchanged.\u003c/p\u003e\r\n\u003cp\u003eTotal backlog was $2.2 billion, with consolidated 12‐month backlog at $1.6 billion, up 26% from a year ago.\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003eFiscal 2019 Outlook\u003c/p\u003e\r\n\u003cp\u003eThe Company updated its projections for fiscal 2019.\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003e\u003cp\u003eForecast sales of $2.88 billion, unchanged from 90 days ago;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003eForecast earnings per share of $5.05, plus or minus $0.20;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003eForecast full year operating margins of 11.4%;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003eForecast cash flow from operations of $270 million;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003eForecast effective tax rate of 26.0%.\u003c/p\u003e\r\n\u003cp\u003e“Overall, Q2 was another good quarter for our operations with sales up and adjusted earnings per share ahead of our guidance,” said John Scannell, Chairman and CEO. “We took a reserve in the quarter for the future costs associated with a supplier quality issue in our Aircraft Group, but apart from this reserve, at the half way mark, the year is shaping up nicely.”\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call. Listeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page 90 minutes prior to the conference call.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high‐performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003eCautionary Statement\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003e\u003cp\u003ethe markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003ewe operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003ewe depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase\u003c/p\u003e\r\n\u003cp\u003eour costs;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003ewe make estimates in accounting for over time contracts, and changes in these estimates may have significant\u003c/p\u003e\r\n\u003cp\u003eimpacts on our earnings;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003ewe enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003ewe may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003efuture revenue and growth prospects;\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003e\u003cp\u003eif our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003econtracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks and false claims, and any non-compliance could subject us to fines and penalties or possible debarment;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003ethe loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003eour new product research and development efforts may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003eour inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003eour business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003eour indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003esignificant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003ea write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003eour sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003eour operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003eunforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003egovernment regulations could limit our ability to sell our products outside the United States and otherwise\u003c/p\u003e\r\n\u003cp\u003eadversely affect our business;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003ethe failure or misuse of our products may damage our reputation, necessitate a product recall or result in\u003c/p\u003e\r\n\u003cp\u003eclaims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003ewe are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003efuture terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively\u003c/p\u003e\r\n\u003cp\u003eimpact our business; and\u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003cli\u003e\u003cp\u003eour operations are subject to environmental laws, and complying with those laws may cause us to incur\u003c/p\u003e\r\n\u003cp\u003esignificant costs.\u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report. \u003c/p\u003e\r\n\u003c/li\u003e\r\n\u003c/ul\u003e\r\n","tags":["moog_news","moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"startDate":"2019-04-26T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2019/Moog-Reports-Second-Quarter-Results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Second Quarter 2019 Earnings Webcast","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY - Moog Inc. (NYSE: MOG.A and MOG.B) will release its second quarter fiscal 2019 earnings for the period ended March 30, 2019 on Friday, April 26, 2019. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call.","description":"\u003cp\u003eEast Aurora, NY - Moog Inc. (NYSE: MOG.A and MOG.B) will release its second quarter fiscal 2019 earnings for the period ended March 30, 2019 on Friday, April 26, 2019. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003eListeners can access the conference call live over the Internet at: \u003ca href\u003d\"http://www.moog.com/investors/communications/\" title\u003d\"http://www.moog.com/investors/communications/\"\u003ehttp://www.moog.com/investors/communications/\u003c/a\u003e. Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 30 days.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n","tags":["moog_news","moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"startDate":"2019-04-18T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2019/Second-Quarter-2019-Earnings-Webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. To Present At Cowen \u0026 Company Aerospace And Defense Conference On February 6, 2019","openInANewTab":false,"articleTitleType":"h2","smallDescription":"Moog Inc. (NYSE: MOG.A and MOG.B) announced today that John Scannell, Chairman and CEO, and Don Fishback, CFO, will present at the 40th Annual Cowen \u0026 Co. Aerospace and Defense Conference on Wednesday, February 6, 2019 at 11:30 a.m. ET.\r\n\r\nListeners can access the audio live over the Internet at http://www.moog.com/investors/communications/. Please allow 15 minutes prior to the start of the meeting to download and install any necessary audio software. The audio will be archived on our website for 30 days.\r\n\r\nMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog\u0027s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment.\r\n\r\nAdditional information about the company can be found at www.moog.com.","description":"\u003cp style\u003d\"text-align: left;\"\u003eJanuary 31th, 2019\u003c/p\u003e\n\u003cp\u003eMoog Inc. (NYSE: MOG.A and MOG.B) announced today that John Scannell, Chairman and CEO, and Don Fishback, CFO, will present at the 40th Annual Cowen \u0026amp; Co. Aerospace and Defense Conference on Wednesday, February 6, 2019 at 11:30 a.m. ET.\u003c/p\u003e\n\u003cp\u003eListeners can access the audio live over the Internet at\u0026nbsp;\u003ca href\u003d\"https://www.moog.com/investors/communications/\"\u003ehttps://www.moog.com/investors/communications/\u003c/a\u003e. Please allow 15 minutes prior to the start of the meeting to download and install any necessary audio software. The audio will be archived on our website for 30 days.\u003c/p\u003e\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog\u0027s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment.\u003c/p\u003e\n\u003cp\u003eAdditional information about the company can be found at\u0026nbsp;\u003ca href\u003d\"https://www.moog.com/\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\n","tags":["moog_news","moog-news-and-events:category/corporate-press-releases"],"startDate":"2019-01-30T00:00:00.000-05:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2019/COWEN-COMPANY-AEROSPACE.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Cash Dividend","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on March 4, 2019 to all shareholders of record as of the close of business on February 15, 2019. \r\n\r\n","description":"\u003cp\u003eJanuary 25th, 2019\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on March 4, 2019 to all shareholders of record as of the close of business on February 15, 2019.\u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $9 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e• the markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e• we operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e• we depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e• we make estimates in accounting for over time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e• we enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e• we may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/p\u003e\r\n\u003cp\u003e• if our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/p\u003e\r\n\u003cp\u003e• contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks and false claims, and any non-compliance could subject us to fines and penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e• the loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/p\u003e\r\n\u003cp\u003e• our new product research and development efforts may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e• our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/p\u003e\r\n\u003cp\u003e• our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e• our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e• significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e• a write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/p\u003e\r\n\u003cp\u003e• our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/p\u003e\r\n\u003cp\u003e• our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e• unforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/p\u003e\r\n\u003cp\u003e• government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e• the failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/p\u003e\r\n\u003cp\u003e• we are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/p\u003e\r\n\u003cp\u003e• future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/p\u003e\r\n\u003cp\u003e• our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report. \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u003cu\u003e \u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n","tags":["moog_news","corporate","moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"startDate":"2019-01-23T00:00:00.000-05:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2019/Cash-Dividend.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces First Quarter Results","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the first quarter ended December 29, 2018.\r\n\r\nFirst Quarter Highlights \r\n\r\n•\tSales of $680 million, up 8% from a year ago;\r\n•\tGAAP earnings per share of $1.25, versus $.04 a year ago; \r\n•\tEarnings per share of $1.25, up 25% over last year’s adjusted earnings per share of $1.00, excluding one-time Tax Act effects;\r\n•\tOperating margins of 11.7%, up from 10.7% a year ago; \r\n•\tEffective tax rate of 24.3%;\r\n•\t$64 million cash flow from operating activities.\r\n","description":"\u003cp style\u003d\"text-align: left;\"\u003eJanuary 25th, 2019\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp style\u003d\"text-align: left;\"\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the first quarter ended December 29, 2018.\u003c/p\u003e\r\n\u003cp style\u003d\"text-align: left;\"\u003e\u003cb\u003eFirst Quarter Highlights\u003c/b\u003e\u003cbr /\u003e\r\n\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp style\u003d\"text-align: left;\"\u003e· Sales of $680 million, up 8% from a year ago;\u003c/p\u003e\r\n\u003cp style\u003d\"text-align: left;\"\u003e· GAAP earnings per share of $1.25, versus $.04 a year ago;\u003c/p\u003e\r\n\u003cp style\u003d\"text-align: left;\"\u003e· Earnings per share of $1.25, up 25% over last year’s adjusted earnings per share of $1.00, excluding one-time Tax Act effects;\u003c/p\u003e\r\n\u003cp style\u003d\"text-align: left;\"\u003e· Operating margins of 11.7%, up from 10.7% a year ago;\u003c/p\u003e\r\n\u003cp style\u003d\"text-align: left;\"\u003e· Effective tax rate of 24.3%;\u003c/p\u003e\r\n\u003cp style\u003d\"text-align: left;\"\u003e· $64 million cash flow from operating activities.\u003c/p\u003e\r\n\u003cp style\u003d\"text-align: left;\"\u003e\u003cb\u003eSegment Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eTotal Aircraft Controls segment sales in the quarter were $304 million, up 9% year over year. Military aircraft sales in the quarter were $147 million, up 18% from a year ago. Military OEM sales increased 22%, to $99 million, on very strong F-35 activity. Military aftermarket sales were 11% higher, attributed to V-22 repair work.\u003c/p\u003e\r\n\u003cp\u003eCommercial aircraft revenues increased 2%, to $157 million. Boeing OEM product sales were slightly higher, at $62 million. The production ramp of the Embraer E2 and higher business jet sales offset a decrease in sales of OEM products to Airbus. Commercial aftermarket sales were unchanged at $34 million.\u003c/p\u003e\r\n\u003cp\u003eIn the quarter, Space and Defense segment sales were $156 million, up 17% year over year. Defense sales were 26% higher, to $106 million, with increases in missile systems, defense controls and security products for UAV tracking. Space sales were 2% higher, with increased sales of launch vehicle systems and satellite avionics products offsetting marginally lower sales to NASA.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems segment sales in the quarter were $220 million, up 2% from last year. Stronger sales in industrial automation were helped by the Brno acquisition based in the Czech Republic. Medical pumps and associated products were up 4%. Simulation and test sales were off marginally while lower energy product sales reflected the company’s recent exit from the wind pitch control business.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eTotal backlog was $2.1 billion, with consolidated 12-month backlog at $1.4 billion, up 10% from a year ago.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFiscal 2019 Outlook\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eThe Company affirmed its fiscal 2019 projections of 90 days ago.\u003cbr /\u003e\r\n\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e· Forecast sales of $2.88 billion;\u003c/p\u003e\r\n\u003cp\u003e· Forecast earnings per share of $5.25, plus or minus $0.20;\u003c/p\u003e\r\n\u003cp\u003e· Forecast full year operating margins of 11.7%;\u003c/p\u003e\r\n\u003cp\u003e· Forecast cash flow from operations of $280 million;\u003c/p\u003e\r\n\u003cp\u003e· Forecast effective tax rate of 26.0%. \u003c/p\u003e\r\n\u003cp\u003e“We’re pleased to get off to a good start in Q1,” said John Scannell, Chairman and CEO. “Sales were up 8%, operating margins expanded 100 basis points and earnings per share were up 25% relative to an adjusted first quarter last year. Our major markets are doing well with defense particularly strong across all our applications. Commercial aerospace is also very healthy and our industrial markets remain solid. With one quarter in the bank, we are increasingly confident about our forecast for the full year.”\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call. Listeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page 90 minutes prior to the conference call.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e• the markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e• we operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e• we depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e• we make estimates in accounting for over time contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e• we enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e• we may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/p\u003e\r\n\u003cp\u003e• if our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/p\u003e\r\n\u003cp\u003e• contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks and false claims, and any non-compliance could subject us to fines and penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e• the loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/p\u003e\r\n\u003cp\u003e• our new product research and development efforts may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e• our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/p\u003e\r\n\u003cp\u003e• our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e• our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e• significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e• a write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/p\u003e\r\n\u003cp\u003e• our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/p\u003e\r\n\u003cp\u003e• our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e• unforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/p\u003e\r\n\u003cp\u003e• government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e• the failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/p\u003e\r\n\u003cp\u003e• we are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/p\u003e\r\n\u003cp\u003e• future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/p\u003e\r\n\u003cp\u003e• our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report. \u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u003cu\u003e \u003c/u\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003ctable border\u003d\"0\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"0\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"689\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eMoog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"689\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eCONSOLIDATED STATEMENTS OF EARNINGS\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"689\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(dollars in thousands, except per share data)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003ctable border\u003d\"0\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"0\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"184\" colspan\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eThree Months Ended\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eDecember 29,\u003cbr /\u003e\r\n 2018\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003eDecember 30,\u003cbr /\u003e\r\n2017\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eNet sales\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e679,676\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\" valign\u003d\"bottom\"\u003e\u003cp\u003e627,535\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eCost of sales\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e480,174\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e443,150\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eGross profit\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e199,502\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e184,385\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eResearch and development\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e31,876\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e32,334\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eSelling, general and administrative\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e96,326\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e94,619\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eInterest\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e9,682\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e8,646\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eOther\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e3,434\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e952\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eEarnings before income taxes\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e58,184\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e47,834\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eIncome taxes\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e14,115\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e46,535\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet earnings\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e44,069\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\" valign\u003d\"bottom\"\u003e\u003cp\u003e1,299\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eNet earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eBasic\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e1.27\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\" valign\u003d\"bottom\"\u003e\u003cp\u003e0.04\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eDiluted\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e1.25\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\" valign\u003d\"bottom\"\u003e\u003cp\u003e0.04\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eAverage common shares outstanding\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eBasic\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e34,815,255\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e35,772,406\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eDiluted\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e35,125,829\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e36,201,054\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003cp\u003eResults shown in the previous table include the one-time impacts of the Tax Cuts and Jobs Act of 2017. The table below adjusts the income taxes, net earnings and diluted net earnings per share to exclude these impacts.\u003c/p\u003e\r\n\u003cp\u003eReconciliation to non-GAAP adjusted income taxes, net earnings and diluted net earnings per share:\u003c/p\u003e\r\n\u003ctable border\u003d\"0\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"0\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"184\" colspan\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eThree Months Ended\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eDecember 29,\u003cbr /\u003e\r\n 2018\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003eDecember 30,\u003cbr /\u003e\r\n2017\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eAs Reported:\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eEarnings before income taxes\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e58,184\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\" valign\u003d\"bottom\"\u003e\u003cp\u003e47,834\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eIncome taxes\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e14,115\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e46,535\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eEffective income tax rate\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003e24.3\u003c/i\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003e%\u003c/i\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003ci\u003e97.3\u003c/i\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003ci\u003e%\u003c/i\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet earnings\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e44,069\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e1,299\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eDiluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e1.25\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\" valign\u003d\"bottom\"\u003e\u003cp\u003e0.04\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eNon-GAAP Adjustments - Due to Tax Reform:\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eIncome taxes\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e—\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\" valign\u003d\"bottom\"\u003e\u003cp\u003e(34,722\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"bottom\"\u003e\u003cp\u003e)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet earnings\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e—\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e34,722\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eDiluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e—\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\" valign\u003d\"bottom\"\u003e\u003cp\u003e0.96\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eAs Adjusted:\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eEarnings before income taxes\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e58,184\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\" valign\u003d\"bottom\"\u003e\u003cp\u003e47,834\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eIncome taxes\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e14,115\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e11,813\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eEffective income tax rate\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003e24.3\u003c/i\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003e%\u003c/i\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003ci\u003e24.7\u003c/i\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003ci\u003e%\u003c/i\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eNet earnings\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e44,069\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e36,021\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eDiluted net earnings per share\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e1.25\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\" valign\u003d\"bottom\"\u003e\u003cp\u003e1.00\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003ctable border\u003d\"0\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"0\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"689\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eMoog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"689\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eCONSOLIDATED SALES AND OPERATING PROFIT\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"689\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(dollars in thousands)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003ctable border\u003d\"0\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"0\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"184\" colspan\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eThree Months Ended\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eDecember 29,\u003cbr /\u003e\r\n 2018\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003eDecember 30,\u003cbr /\u003e\r\n2017\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eNet sales:\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eAircraft Controls\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\"\u003e\u003cp\u003e\u003cb\u003e304,045\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\"\u003e\u003cp\u003e278,534\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eSpace and Defense Controls\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\"\u003e\u003cp\u003e\u003cb\u003e156,068\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\"\u003e\u003cp\u003e133,393\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eIndustrial Systems\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\"\u003e\u003cp\u003e\u003cb\u003e219,563\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\"\u003e\u003cp\u003e215,608\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eNet sales\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\"\u003e\u003cp\u003e\u003cb\u003e679,676\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\"\u003e\u003cp\u003e627,535\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eOperating profit:\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eAircraft Controls\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\"\u003e\u003cp\u003e\u003cb\u003e33,199\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\"\u003e\u003cp\u003e31,043\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"top\"\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003e10.9\u003c/i\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003e%\u003c/i\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"top\"\u003e\u003cp\u003e\u003ci\u003e11.1\u003c/i\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e\u003ci\u003e%\u003c/i\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eSpace and Defense Controls\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\"\u003e\u003cp\u003e\u003cb\u003e18,473\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\"\u003e\u003cp\u003e16,473\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"top\"\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003e11.8\u003c/i\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003e%\u003c/i\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"top\"\u003e\u003cp\u003e\u003ci\u003e12.3\u003c/i\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e\u003ci\u003e%\u003c/i\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eIndustrial Systems\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\"\u003e\u003cp\u003e\u003cb\u003e27,705\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\"\u003e\u003cp\u003e19,911\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"top\"\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003e12.6\u003c/i\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003e%\u003c/i\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"top\"\u003e\u003cp\u003e\u003ci\u003e9.2\u003c/i\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e\u003ci\u003e%\u003c/i\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eTotal operating profit\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\"\u003e\u003cp\u003e\u003cb\u003e79,377\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\"\u003e\u003cp\u003e67,427\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"top\"\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003e11.7\u003c/i\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003e%\u003c/i\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\" valign\u003d\"top\"\u003e\u003cp\u003e\u003ci\u003e10.7\u003c/i\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e\u003ci\u003e%\u003c/i\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eDeductions from operating profit:\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eInterest expense\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\"\u003e\u003cp\u003e\u003cb\u003e9,682\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\"\u003e\u003cp\u003e8,646\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eEquity-based compensation expense\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\"\u003e\u003cp\u003e\u003cb\u003e2,008\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\"\u003e\u003cp\u003e2,001\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eNon-service pension expense\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\"\u003e\u003cp\u003e\u003cb\u003e3,193\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\"\u003e\u003cp\u003e1,693\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eCorporate and other expenses, net\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\"\u003e\u003cp\u003e\u003cb\u003e6,310\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"78\" colspan\u003d\"2\"\u003e\u003cp\u003e7,253\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003eEarnings before income taxes\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\"\u003e\u003cp\u003e\u003cb\u003e58,184\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"71\"\u003e\u003cp\u003e47,834\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"11\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003cp\u003e .\u003c/p\u003e\r\n\u003ctable border\u003d\"0\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"0\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003ctable border\u003d\"0\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"0\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"689\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eMoog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"689\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eCONSOLIDATED BALANCE SHEETS\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"689\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(dollars in thousands)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003ctable border\u003d\"0\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"0\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eDecember 29,\u003cbr /\u003e\r\n 2018\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003eSeptember 29,\u003cbr /\u003e\r\n2018\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eASSETS\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eCurrent assets\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eCash and cash equivalents\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\"\u003e\u003cp\u003e\u003cb\u003e110,759\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\"\u003e\u003cp\u003e125,584\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eReceivables\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\"\u003e\u003cp\u003e\u003cb\u003e867,415\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\"\u003e\u003cp\u003e793,911\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eInventories\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\"\u003e\u003cp\u003e\u003cb\u003e467,811\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\"\u003e\u003cp\u003e512,522\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003ePrepaid expenses and other current assets\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\"\u003e\u003cp\u003e\u003cb\u003e45,505\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\"\u003e\u003cp\u003e44,404\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eTotal current assets\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\"\u003e\u003cp\u003e\u003cb\u003e1,491,490\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\"\u003e\u003cp\u003e1,476,421\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eProperty, plant and equipment, net\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e554,725\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e552,865\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eGoodwill\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e791,200\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e797,217\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eIntangible assets, net\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e90,591\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e95,537\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eDeferred income taxes\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e15,902\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e17,328\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eOther assets\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e23,596\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e24,680\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eTotal assets\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e2,967,504\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\" valign\u003d\"bottom\"\u003e\u003cp\u003e2,964,048\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eLIABILITIES AND SHAREHOLDERS’ EQUITY\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eCurrent liabilities\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eShort-term borrowings\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e2,126\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\" valign\u003d\"bottom\"\u003e\u003cp\u003e3,623\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eCurrent installments of long-term debt\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e326\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e365\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eAccounts payable\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e199,435\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e213,982\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eAccrued compensation\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e128,763\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e147,765\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eContract advances\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e183,855\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e151,687\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eContract and contract-related loss reserves\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e42,683\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e42,258\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eOther accrued liabilities\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e119,622\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e120,944\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eTotal current liabilities\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e676,810\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e680,624\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eLong-term debt, excluding current installments\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\"\u003e\u003cp\u003e\u003cb\u003e815,107\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e858,836\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eLong-term pension and retirement obligations\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e117,887\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e117,471\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eDeferred income taxes\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e49,333\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e46,477\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eOther long-term liabilities\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e35,103\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e35,654\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eTotal liabilities\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e1,694,240\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e1,739,062\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eCommitment and contingencies\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e—\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e—\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eShareholders’ equity\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eCommon stock - Class A\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e43,786\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e43,785\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eCommon stock - Class B\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e7,494\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e7,495\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eAdditional paid-in capital\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e487,284\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e502,257\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eRetained earnings\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e2,023,803\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e1,973,514\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eTreasury shares\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(743,239\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e(738,494\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eStock Employee Compensation Trust\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(102,182\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e(118,449\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eSupplemental Retirement Plan Trust\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(67,597\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e(72,941\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eAccumulated other comprehensive loss\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(376,085\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e(372,181\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eTotal shareholders’ equity\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e1,273,264\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e1,224,986\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003eTotal liabilities and shareholders’ equity\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e2,967,504\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\" valign\u003d\"bottom\"\u003e\u003cp\u003e2,964,048\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003ctable border\u003d\"0\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"0\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"689\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eMoog Inc.\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"689\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eCONSOLIDATED STATEMENTS OF CASH FLOWS\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"689\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(dollars in thousands)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003ctable border\u003d\"0\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" width\u003d\"0\"\u003e\r\n\u003ctbody\u003e\u003ctr\u003e\u003ctd width\u003d\"500\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"184\" colspan\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eThree Months Ended\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003eDecember 29,\u003cbr /\u003e\r\n 2018\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003eDecember 30,\u003cbr /\u003e\r\n2017\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eCASH FLOWS FROM OPERATING ACTIVITIES\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eNet earnings\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e44,069\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\" valign\u003d\"bottom\"\u003e\u003cp\u003e1,299\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eAdjustments to reconcile net earnings to net cash provided (used) by operating activities:\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eDepreciation\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e17,848\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e17,487\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eAmortization\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e3,746\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e4,674\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eDeferred income taxes\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e92\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e37,617\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eEquity-based compensation expense\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e2,008\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e2,001\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eOther\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e1,020\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e1,563\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eChanges in assets and liabilities providing (using) cash:\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eReceivables\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e12,810\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e(10,350\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eInventories\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(24,399\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e(22,236\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eAccounts payable\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(13,774\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e(14,393\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eContract advances\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e31,531\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e19,888\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eAccrued expenses\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(17,898\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e(27,233\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eAccrued income taxes\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e511\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e6,965\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eNet pension and post retirement liabilities\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e7,068\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e(4,562\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eOther assets and liabilities\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(394\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e31,450\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eNet cash provided by operating activities\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e64,238\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e44,170\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eCASH FLOWS FROM INVESTING ACTIVITIES\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003ePurchase of property, plant and equipment\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(24,375\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e(21,084\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eOther investing transactions\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e2,785\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e(506\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eNet cash (used) by investing activities\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(21,590\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e(21,590\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eCASH FLOWS FROM FINANCING ACTIVITIES\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"89\" colspan\u003d\"3\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eNet short-term borrowings (repayments)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(1,490\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e—\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eProceeds from revolving lines of credit\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e131,100\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e103,500\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003ePayments on revolving lines of credit\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(175,200\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e(108,610\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eProceeds from long-term debt\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e—\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e10,000\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003ePayments on long-term debt\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(85\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e(44\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003ePayment of dividends\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(8,703\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e—\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eProceeds from sale of treasury stock\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e—\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e1,048\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003ePurchase of outstanding shares for treasury\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(9,450\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e(2,734\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eProceeds from sale of stock held by SECT\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e6,636\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e—\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003ePurchase of stock held by SECT\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(1,930\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e(3,823\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eNet cash (used) by financing activities\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(59,122\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e(663\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e)\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eEffect of exchange rate changes on cash\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(473\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e5,021\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eIncrease (decrease) in cash, cash equivalents and restricted cash\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e(16,947\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e)\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e26,938\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eCash, cash equivalents and restricted cash at beginning of period\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e127,706\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"85\" colspan\u003d\"2\" valign\u003d\"bottom\"\u003e\u003cp\u003e386,969\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003ctr\u003e\u003ctd width\u003d\"500\" valign\u003d\"top\"\u003e\u003cp\u003eCash, cash equivalents and restricted cash at end of period\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e$\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\" valign\u003d\"bottom\"\u003e\u003cp\u003e\u003cb\u003e110,759\u003c/b\u003e\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"bottom\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"7\" valign\u003d\"bottom\"\u003e\u003cp\u003e$\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"77\" valign\u003d\"bottom\"\u003e\u003cp\u003e413,907\u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003ctd width\u003d\"5\" valign\u003d\"top\"\u003e\u003cp\u003e \u003c/p\u003e\r\n\u003c/td\u003e\r\n\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\r\n\u003cp\u003e(##)\u003c/p\u003e\r\n","tags":["moog_news","moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"startDate":"2019-01-23T00:00:00.000-05:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2019/First-Quarter-Results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces First Quarter 2019 Earnings Webcast","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY - Moog Inc. (NYSE: MOG.A and MOG.B) will release its first quarter fiscal 2019 earnings for the period ended December 29, 2018 on Friday, January 25, 2019","description":"\u003cp\u003eJanuary 17th, 2019\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY - Moog Inc. (NYSE: MOG.A and MOG.B) will release its first quarter fiscal 2019 earnings for the period ended December 29, 2018 on Friday, January 25, 2019. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003e\u003cbr /\u003e\r\nListeners can access the conference call live over the Internet at: \u003ca href\u003d\"https://www.moog.com/investors/communications/\" target\u003d\"_blank\"\u003ehttps://www.moog.com/investors/communications/\u003c/a\u003e. Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 30 days.\u003c/p\u003e\r\n\u003cp\u003e\u003cbr /\u003e\r\nMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind turbines, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"https://www.moog.com\" target\u003d\"_blank\"\u003e\u003cu\u003ewww.moog.com\u003c/u\u003e.\u003c/a\u003e\u003c/p\u003e\r\n","tags":["moog_news","corporate","moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/quarterly-results"],"startDate":"2019-01-16T00:00:00.000-05:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Quarterly Results","right":"moog-news-and-events:type/corporate-press-release/quarterly-results"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2019/First-Quarter-2019-Earnings-Webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog to Present at Gabelli Aircraft Supplier Conference on September 13, 2018","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY, Moog Inc. (NYSE: MOG.A and MOG.B) announced today that John Scannell, Chairman will present at the 24th Annual Gabelli \u0026 Company Aircraft Supplier Conference on Thursday, September 13, 2018 at 11:00 a.m. ET.","description":"\u003cp\u003eSeptember 10, 2018\u003cbr\u003e\n\u003c/p\u003e\n","tags":["moog-news-and-events:category/corporate-press-releases"],"startDate":"2018-09-10T06:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2018/moog-to-present-at-gabelli-aircraft-supplier-conference.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Announces Cash Dividend","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on September 4, 2018 to all shareholders of record as of the close of business on August 15, 2018. ","description":"\u003cp\u003eJuly 27, 2018\u003cbr /\u003e\r\n\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"startDate":"2018-07-27T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2018/moog-announces-cash-dividend.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Reports Third Quarter Results","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended\r\nJune 30, 2018.\r\n","description":"\u003cp\u003eJuly 27, 2018\u003cbr\u003e\n\u003c/p\u003e\n","tags":["moog-news-and-events:category/corporate-press-releases"],"startDate":"2018-07-27T06:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2018/moog-reports-third-quarter-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Third Quarter 2018 Earnings Webcast","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY — Moog Inc. (NYSE: MOG.A and MOG.B) will release its third quarter fiscal 2018 earnings for the period ended June 30, 2018 on Friday, July 27, 2018. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call.","description":"\u003cp\u003eJuly 19, 2018\u003cbr\u003e\n\u003c/p\u003e\n","tags":["moog-news-and-events:category/corporate-press-releases"],"startDate":"2018-07-19T04:00:00.000Z","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2018/moog-third-quarter-webcast-announcement.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Reports Second Quarter Results","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY - Moog Inc. (NYSE: MOG.A and MOG.B) will release its second quarter fiscal 2018 earnings for the period ended March 31, 2018 on Friday, April 27, 2018. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call.","description":"\u003cp\u003eFriday, April 27, 2018\u003cbr\u003e\n\u003c/p\u003e\n","tags":["moog-news-and-events:category/corporate-press-releases"],"startDate":"2018-04-27T04:00:00.000Z","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2018/moog-reports-second-quarter-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"SECOND QUARTER 2018","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY - Moog Inc. (NYSE: MOG.A and MOG.B) will release its second quarter fiscal 2018 earnings for the period ended March 31, 2018 on Friday, April 27, 2018. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call.","description":"\u003cp\u003eFriday, April 27, 2018\u003cbr\u003e\n\u003c/p\u003e\n","tags":["moog-news-and-events:category/corporate-press-releases"],"startDate":"2018-04-25T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2018/second-quarter-2018.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Initiates Cash Dividend","openInANewTab":false,"articleTitleType":"h1","smallDescription":"EAST AURORA, N.Y., (GLOBE NEWSWIRE) -- Moog Inc. (NYSE:MOG.A) (NYSE:MOG.B) announced today the initiation of a dividend program under which Moog intends to pay a regular quarterly cash dividend to shareholders of its Class A and Class B stock. In connection with the dividend program, the Company declared a $.25 per share dividend on each of the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on June 1, 2018 to all shareholders of record as of the close of business on May 15, 2018. This marks the first time since 1988 that Moog has paid a cash dividend on common shares.","description":"\u003cp\u003eMarch 15, 2018 \u003cbr /\u003e\r\n\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"startDate":"2018-03-15T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2018/Moog_initiates_Cash_Dividend.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Announces Agreement to Acquire VUES","openInANewTab":false,"articleTitleType":"h2","smallDescription":"EAST AURORA, N.Y., Feb. 16, 2018 (GLOBE NEWSWIRE) -- Moog Inc. (NYSE:MOG.A) (NYSE:MOG.B) announced today that it has entered into a definitive agreement to acquire VUES Brno s.r.o. The purchase price is €53 million ($65 million U.S.) in cash. VUES is headquartered in Mostecka, Czech Republic, with additional facilities in Jarni and Slavkov u Brna. The transaction is subject to applicable regulatory approvals in Germany and customary closing conditions and is expected to happen within 30 to 60 days.","description":"\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today that it has entered into a definitive agreement to acquire VUES Brno s.r.o. The purchase price is €53 million ($65 million U.S.) in cash. VUES is headquartered in Mostecká street, Brno, Czech Republic, with additional facilities in Jarni and Slavkov u Brna. The transaction is subject to applicable regulatory approvals in Germany and customary closing conditions and is expected to happen within 30 to 60 days.\u003c/p\u003e\r\n\u003cp\u003eVUES designs and manufactures customized electric motors, generators and solutions. The company serves a variety of applications in the automation, automotive test, energy and industrial markets. Product lines include: servomotors, linear motors, generators, exciters, high speed machines and measuring/test stands.\u003c/p\u003e\r\n\u003cp\u003e“We are pleased to welcome VUES to Moog’s expanding line of high performance motion products,” said Pat Roche, President of Moog’s Industrial Systems segment. “This business aligns with our core business model of delivering a competitive advantage to our customers by providing custom motion control solutions. The VUES product offering, engineering expertise and manufacturing capability will strengthen our market position.”\u003c/p\u003e\r\n\u003cp\u003eVUES had 2017 sales of approximately €30 million ($37 million U.S.). The business was founded in 1947 and has a successful history of providing specialized machinery components to a diverse customer base in Europe.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement \u003ci\u003e\u003c/i\u003e\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include: \u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003ethe markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/li\u003e\r\n\u003cli\u003ewe operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/li\u003e\r\n\u003cli\u003ewe depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/li\u003e\r\n\u003cli\u003ewe make estimates in accounting for long-term contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/li\u003e\r\n\u003cli\u003ewe enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/li\u003e\r\n\u003cli\u003ewe may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/li\u003e\r\n\u003cli\u003eif our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/li\u003e\r\n\u003cli\u003econtracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks and false claims, and any non-compliance could subject us to fines and penalties or possible debarment;\u003c/li\u003e\r\n\u003cli\u003ethe loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/li\u003e\r\n\u003cli\u003eour new product research and development efforts may not be successful which could reduce our sales and earnings;\u003c/li\u003e\r\n\u003cli\u003eour inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/li\u003e\r\n\u003cli\u003eour business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/li\u003e\r\n\u003cli\u003eour indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/li\u003e\r\n\u003cli\u003esignificant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/li\u003e\r\n\u003cli\u003ea write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/li\u003e\r\n\u003cli\u003eour sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/li\u003e\r\n\u003cli\u003eour operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/li\u003e\r\n\u003cli\u003eunforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/li\u003e\r\n\u003cli\u003egovernment regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/li\u003e\r\n\u003cli\u003ethe failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/li\u003e\r\n\u003cli\u003efuture terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business;\u003c/li\u003e\r\n\u003cli\u003eour operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs; and\u003c/li\u003e\r\n\u003cli\u003ewe are involved in various legal proceedings, the outcome of which may be unfavorable to us.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"startDate":"2018-02-16T00:00:00.000-05:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2018/moog-announces-agreement-to-acquire-vues.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog \u0026 ST Aerospace Collaborate on Industry’s First 3D Printing-enabled Total Digital Transaction using Blockchain Technology","openInANewTab":false,"articleTitleType":"h1","smallDescription":"Moog and ST Aerospace will collaborate on the 3D printing of aircraft parts to leverage Moog’s VeriPart® solution – a blockchain-enabled point-of-use, time-of-need digital supply chain solution – and ST Aerospace’s capabilities in 3D printing design, fabrication and certification.","description":"\u003cp\u003e\u003cb\u003e\u003ci\u003eEast Aurora, NY— 7 February 2018 \u003c/i\u003e\u003c/b\u003e– Moog Inc. (Moog) and ST Aerospace Ltd. announced today that the two companies have agreed to work together to explore and develop capabilities for a smart digital supply chain that will power Industry 4.0 for the global aerospace sector.\u003c/p\u003e\n\u003cp\u003eMoog and ST Aerospace will collaborate on the 3D printing of aircraft parts to leverage Moog’s VeriPart\u003csup\u003e®\u003c/sup\u003e solution – a blockchain-enabled point-of-use, time-of-need digital supply chain solution – and ST Aerospace’s capabilities in 3D printing design, fabrication and certification. The collaboration aims to develop additive manufacturing technology with digital transaction capability to bring about greater efficiency and security in aftermarket services. The result will optimize supply chain improvements within military and commercial aerospace markets, while meeting trade compliance regulations.\u0026nbsp;\u003c/p\u003e\n\u003cp\u003eRecently, Moog and ST Aerospace successfully conducted a trial to demonstrate the value of a total digital transaction. The demo involved the purchase and settlement of an aircraft part whereby ST Aerospace purchased a digital design from Moog and printed the part at its facility in Singapore. As part of the transaction, the settlement was instantaneously completed via a smart contract using blockchain technology. The transaction was processed by VeriPart which was enabled by Microsoft’s Azure Blockchain.\u003c/p\u003e\n\u003cp\u003e“The supply chain of the future will be built on a strong collaborative foundation of likeminded companies,” said George Small, Chief Technology Officer at Moog. “Our combined efforts will lay the groundwork for the redesign of global supply chains, creating new possibilities for our customers in the aerospace market and beyond.”\u003c/p\u003e\n\u003cp\u003e“We are pleased that ST Aerospace is able to provide strategic partnerships to Moog and other OEMs through our demonstrated ability to design, fabricate and certify 3D-printed parts using our network of 3D printers. Our comprehensive quality system and extensive global footprint will also come into play to help design a smart digital supply chain that benefits the industry,” said Mr Lim Serh Ghee, President of ST Aerospace.\u003c/p\u003e\n\u003cp\u003e\u003cb\u003eAbout Moog\u003c/b\u003e\u003cbr\u003e\n\u003c/p\u003e\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. \u0026nbsp;Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the Company can be found at \u003ca href\u003d\"https://www.moog.com/\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\n\u003cp\u003e\u003cb\u003eAbout ST Aerospace\u003c/b\u003e\u003cbr\u003e\n\u003cbr\u003e\n\u003c/p\u003e\n\u003cp\u003e\u003cb\u003eST Aerospace\u003c/b\u003e (Singapore Technologies Aerospace Ltd) is the aerospace arm of ST Engineering with revenue of S$2.49b in FY2016.\u0026nbsp; Operating a global MRO network with facilities and affiliates in the Americas, Asia Pacific and Europe, it is the world’s largest commercial airframe MRO provider with a global customer base that includes leading airlines, airfreight and military operators.\u0026nbsp; ST Aerospace is an integrated service provider that offers a spectrum of maintenance and engineering services that include airframe, engine and component maintenance, repair and overhaul; engineering design and technical services; and aviation materials and asset management services, including Total Aviation Support. ST Aerospace has a global staff strength of around 9,000 employees worldwide.\u0026nbsp; Please visit \u003ca href\u003d\"http://www.stengg.com/en/aerospace\"\u003ewww.stengg.com/en/aerospace\u003c/a\u003e for more information.\u003c/p\u003e\n\u003cp\u003e\u003cb\u003eCautionary Statement\u0026nbsp;\u003ci\u003e\u003c/i\u003e\u003c/b\u003e\u003c/p\u003e\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\n\u003cp\u003e• the markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\n\u003cp\u003e• we operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\n\u003cp\u003e• we depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\n\u003cp\u003e• we make estimates in accounting for long-term contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\n\u003cp\u003e• we enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\n\u003cp\u003e• we may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/p\u003e\n\u003cp\u003e• if our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/p\u003e\n\u003cp\u003e• contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks and false claims, and any non-compliance could subject us to fines and penalties or possible debarment;\u003c/p\u003e\n\u003cp\u003e• the loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/p\u003e\n\u003cp\u003e• our new product research and development efforts may not be successful which could reduce our sales and earnings;\u003c/p\u003e\n\u003cp\u003e• our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/p\u003e\n\u003cp\u003e• our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\n\u003cp\u003e• our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\n\u003cp\u003e• significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\n\u003cp\u003e• a write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/p\u003e\n\u003cp\u003e• our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/p\u003e\n\u003cp\u003e• our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\n\u003cp\u003e• unforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/p\u003e\n\u003cp\u003e• government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\n\u003cp\u003e• the failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/p\u003e\n\u003cp\u003e• future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business;\u003c/p\u003e\n\u003cp\u003e• our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs; and\u003c/p\u003e\n\u003cp\u003e• we are involved in various legal proceedings, the outcome of which may be unfavorable to us.\u003c/p\u003e\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report.\u003c/p\u003e\n","tags":["moog-news-and-events:category/corporate-press-releases"],"startDate":"2018-02-07T00:00:00.000-05:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2018/STAerospaceCollaborate3DPrinting.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog to Present at Cowen \u0026 Company Aerospace and Defense Conference on February 7, 2018","openInANewTab":false,"articleTitleType":"h2","smallDescription":"EAST AURORA, N.Y., Feb. 02, 2018 (GLOBE NEWSWIRE) -- Moog Inc. (NYSE:MOG.A) (NYSE:MOG.B) announced today that John Scannell, Chairman and CEO, and Don Fishback, CFO, will present at the 39th Annual Cowen \u0026 Co. Aerospace and Defense Conference on Wednesday, February 7, 2018 at 10:45 a.m. ET.","description":"\u003cp\u003eEAST AURORA, N.Y., Feb. 02, 2018 (GLOBE NEWSWIRE) -- Moog Inc. (NYSE:MOG.A) (NYSE:MOG.B) announced today that John Scannell, Chairman and CEO, and\u0026nbsp;Don Fishback, CFO,\u0026nbsp;will present at the 39\u003csup\u003eth\u003c/sup\u003e\u0026nbsp;Annual Cowen \u0026amp; Co. Aerospace and Defense Conference on Wednesday, February 7, 2018 at 10:45 a.m. ET.\u003cbr\u003e\n\u003c/p\u003e\n\u003cp\u003e\u003cbr\u003e\nListeners can access the audio live over the Internet at\u0026nbsp;\u003ca href\u003d\"https://urldefense.proofpoint.com/v2/url?u\u003dhttps-3A__www.globenewswire.com_Tracker-3Fdata-3DYcjW5AIZGmVUxix8ACf0oSYJFiubqUfv6IUJ3-2DDHYdi2oDlZuZrDtzQhuGCMz-2D12f8SWkogAin8BAcl2nVG6h7sjngx93YuXBcXBysut9MorxDp-5FUxwxh0rSLSaSVN-2DRIE6klAwFbVZlGNU4iynaF0PobvIn4u06zJOvpUp9HAE-3D\u0026amp;d\u003dDwMGaQ\u0026amp;c\u003dByDrzdYw8tO08sJlHDO_Vg\u0026amp;r\u003d3j6Gta-mC3ZsrkqauCEPtg\u0026amp;m\u003dIzHdlxofpdf_KnBMMZatZUOjaoouwqRqJFajKUZuRbQ\u0026amp;s\u003dXi80hTKqBdB0OZnvzuEizys9lPuwe6qNTY1ci7w1oDA\u0026amp;e\u003d\"\u003ehttps://www.moog.com/investors/communications/\u003c/a\u003e. Please allow 15 minutes prior to the start of the meeting to download and install any necessary audio software. The audio will be archived on our website for 30 days.\u003c/p\u003e\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment.\u003c/p\u003e\n\u003cp\u003eAdditional information about the company can be found at\u0026nbsp;\u003ca href\u003d\"https://urldefense.proofpoint.com/v2/url?u\u003dhttps-3A__www.globenewswire.com_Tracker-3Fdata-3DBlHZgDN-2DdlY-2DjFkOpfUD5mCMO1m3kDb5PWjVPNnQdgtuUTV2BwELXKbF9LwPFgVfrXBGcyQtXA4lKltMAgzs3w-3D-3D\u0026amp;d\u003dDwMGaQ\u0026amp;c\u003dByDrzdYw8tO08sJlHDO_Vg\u0026amp;r\u003d3j6Gta-mC3ZsrkqauCEPtg\u0026amp;m\u003dIzHdlxofpdf_KnBMMZatZUOjaoouwqRqJFajKUZuRbQ\u0026amp;s\u003dlR-mrlH3JPCgFrCxEREgm3b2xDcRmyZAf52Jz9W44GI\u0026amp;e\u003d\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\n","tags":["moog-news-and-events:category/corporate-press-releases"],"startDate":"2018-02-02T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2018/moog-to-present-at-cowen-and-company-conference.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Cash Dividend","openInANewTab":false,"articleTitleType":"h2","smallDescription":"Moog Inc. Announces Cash Dividend","description":"\u003cp\u003eNovember 2nd, 2018\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on the Company’s issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on December 3, 2018 to all shareholders of record as of the close of business on November 15, 2018.\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003eThe dividend represents a use of cash of approximately $9 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e \u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e• the markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/p\u003e\r\n\u003cp\u003e• we operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/p\u003e\r\n\u003cp\u003e• we depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/p\u003e\r\n\u003cp\u003e• we make estimates in accounting for long-term contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/p\u003e\r\n\u003cp\u003e• we enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/p\u003e\r\n\u003cp\u003e• we may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/p\u003e\r\n\u003cp\u003e• if our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/p\u003e\r\n\u003cp\u003e• contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks and false claims, and any non-compliance could subject us to fines and penalties or possible debarment;\u003c/p\u003e\r\n\u003cp\u003e• the loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/p\u003e\r\n\u003cp\u003e• our new product research and development efforts may not be successful which could reduce our sales and earnings;\u003c/p\u003e\r\n\u003cp\u003e• our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/p\u003e\r\n\u003cp\u003e• our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/p\u003e\r\n\u003cp\u003e• our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/p\u003e\r\n\u003cp\u003e• significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/p\u003e\r\n\u003cp\u003e• a write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/p\u003e\r\n\u003cp\u003e• our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/p\u003e\r\n\u003cp\u003e• our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/p\u003e\r\n\u003cp\u003e• unforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/p\u003e\r\n\u003cp\u003e• government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/p\u003e\r\n\u003cp\u003e• the failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/p\u003e\r\n\u003cp\u003e• we are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003c/p\u003e\r\n\u003cp\u003e• future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/p\u003e\r\n\u003cp\u003e• our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs;\u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report. \u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/cash-dividends"],"startDate":"2017-11-03T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Cash Dividends","right":"moog-news-and-events:type/corporate-press-release/cash-dividends"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2018/moog-announces-cash-dividend1.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Reports First Quarter \u002718","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the first quarter ended December 30, 2017.","description":"\u003cp\u003eJanuary 26th, 2018\u003c/p\u003e\n\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the first quarter ended December 30, 2017.\u003c/p\u003e\n\u003cp\u003e\u003cb\u003eFirst Quarter Highlights\u003c/b\u003e\u003cbr\u003e\n\u003cbr\u003e\n\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eSales of $628 million, up 6%;\u003c/li\u003e\n\u003cli\u003eOperating margins of 10.6%, up from 8.9% a year ago;\u003c/li\u003e\n\u003cli\u003eNon-GAAP adjusted diluted earnings per share, excluding the impacts of the Tax Cuts and Jobs Act (the Tax Act), was $.93, up 11% from a year ago\u003c/li\u003e\n\u003cli\u003eDiluted earnings per share of $.04, including the impacts of the Tax Act;\u003c/li\u003e\n\u003cli\u003e$44 million cash flow from operating activities.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cb\u003eSegment Results\u003c/b\u003e\u003c/p\u003e\n\u003cp\u003eTotal Aircraft Controls segment sales in the quarter were $279 million, up 4% year over year. Commercial aircraft revenues increased 10%, to $154 million. Sales of OEM products to Airbus increased 14%, driven by strong A350 sales. Boeing OEM product sales were mostly unchanged, at $61 million. Commercial aftermarket sales increased 27%, to $34 million, on strong A350 initial provisioning spares.\u003c/p\u003e\n\u003cp\u003eMilitary aircraft sales in the quarter were $124 million, down 3% from a year ago. Military OEM sales were 2% higher, at $82 million. Military aftermarket sales were down 10%, attributed to lower B-2 and V-22 activity, due to the timing of orders and deliveries.\u003c/p\u003e\n\u003cp\u003eIn the quarter, Space and Defense segment sales were $133 million, up 9% year over year. Defense sales were 11% higher on strong sales into military vehicle applications in the U.S and Europe. Space sales were 5% higher, partly due to increased sales of satellite avionics products.\u003c/p\u003e\n\u003cp\u003eIndustrial System segment sales in the quarter were $216 million, up 9% from last year. Sales were higher in the four major markets served with particularly strong sales in industrial automation. Higher simulation and test sales reflected increases in auto and aerospace test systems. Energy products were up on sales of exploration and power generation products. Medical sales were higher for a variety of OEM components.\u003c/p\u003e\n\u003cp\u003eConsolidated 12-month backlog was $1.3 billion.\u003c/p\u003e\n\u003cp\u003e\u003cb\u003eFiscal 2018 Outlook\u003c/b\u003e\u003c/p\u003e\n\u003cp\u003eThe Company updated its projections for fiscal 2018.\u003cbr\u003e\n\u003cbr\u003e\n\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eForecasted sales of $2.62 billion, up 5%, unchanged from 90 days ago;\u003c/li\u003e\n\u003cli\u003eForecasted full-year operating margins of 11.0%, unchanged from 90 days ago;\u003c/li\u003e\n\u003cli\u003eNon-GAAP full-year adjusted diluted earnings per share of $4.10, plus or minus $0.20, unchanged from 90 days ago, excluding the impacts of the Tax Act;\u003c/li\u003e\n\u003cli\u003eGAAP forecasted range for full-year earnings per share is $3.43, plus or minus $0.20, including the impacts of the Tax Act;\u003c/li\u003e\n\u003cli\u003eForecast cash flow from operations, including incremental accelerated pension contributions, of $180 million;\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e“The quarter got us off to a good start for the year,” said John Scannell, Chairman and CEO. “Earnings per share was above our guidance and we’re pleased to affirm our operating projections from 90 days ago. The recent Tax Act changes resulted in a one-time charge for us in the quarter but we’ll see benefits longer-term.”\u003c/p\u003e\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call. Listeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page 90 minutes prior to the conference call.\u003c/p\u003e\n\u003cp\u003eAs a reminder, segment reporting has changed to three segments, Aircraft Controls, Space and Defense Controls and Industrial Systems. The Components segment has been reorganized with A\u0026amp;D products moving to the Space and Defense segment and industrial and medical products moving to the Industrial Systems segment.\u0026nbsp;\u003c/p\u003e\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\n\u003cp\u003e\u003cb\u003eCautionary Statement \u0026nbsp;\u003ci\u003e\u003c/i\u003e\u003c/b\u003e\u003c/p\u003e\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003ethe markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/li\u003e\n\u003cli\u003ewe operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/li\u003e\n\u003cli\u003ewe depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/li\u003e\n\u003cli\u003ewe make estimates in accounting for long-term contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/li\u003e\n\u003cli\u003ewe enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/li\u003e\n\u003cli\u003ewe may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/li\u003e\n\u003cli\u003eif our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/li\u003e\n\u003cli\u003econtracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks and false claims, and any non-compliance could subject us to fines and penalties or possible debarment;\u003c/li\u003e\n\u003cli\u003ethe loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/li\u003e\n\u003cli\u003eour new product research and development efforts may not be successful which could reduce our sales and earnings;\u003c/li\u003e\n\u003cli\u003eour inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/li\u003e\n\u003cli\u003eour business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/li\u003e\n\u003cli\u003eour indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/li\u003e\n\u003cli\u003esignificant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/li\u003e\n\u003cli\u003ea write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/li\u003e\n\u003cli\u003eour sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/li\u003e\n\u003cli\u003eour operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/li\u003e\n\u003cli\u003eunforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/li\u003e\n\u003cli\u003egovernment regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/li\u003e\n\u003cli\u003ethe failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/li\u003e\n\u003cli\u003efuture terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business;\u003c/li\u003e\n\u003cli\u003eour operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs; and\u003c/li\u003e\n\u003cli\u003ewe are involved in various legal proceedings, the outcome of which may be unfavorable to us.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report.\u003c/p\u003e\n\u003cp\u003e\u003ca href\u003d\"/content/dam/moog/literature/Corporate/Investors/press-releases-pdf/2018/2018/PR_Jan_26_2018.pdf\" target\u003d\"_blank\"\u003eStatements\u003c/a\u003e\u003cbr\u003e\n\u003c/p\u003e\n","tags":["moog-news-and-events:category/corporate-press-releases"],"startDate":"2017-11-03T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2018/moog-reports-first-quarter-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Reports Year End Results 2018","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the fourth quarter and fiscal year ended September 29, 2018.","description":"\u003cp\u003eNovember 2nd, 2018\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the fourth quarter and fiscal year ended September 29, 2018.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFourth Quarter Highlights\u003c/b\u003e\u003cbr /\u003e\r\n\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eSales of $701 million, up 8% from a year ago;\u003c/li\u003e\r\n\u003cli\u003eEarnings per share of $1.14;\u003c/li\u003e\r\n\u003cli\u003eAdjusted earnings per share of $1.28, up 20% from a year ago;\u003c/li\u003e\r\n\u003cli\u003eAdjusted operating margins of 11.1%, up from 10.7% a year ago;\u003c/li\u003e\r\n\u003cli\u003eTax rate of 26.7%;\u003c/li\u003e\r\n\u003cli\u003e$56 million cash flow from operating activitites\u003cbr /\u003e\r\n\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u003cb\u003eFull-Year 2018 Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003e• Sales of $2.71 billion, up 8% from a year ago;\u003cbr /\u003e\r\n• Earnings per share of $2.68;\u003cbr /\u003e\r\n• Adjusted earnings per share of $4.57, up 17% from a year ago;\u003cbr /\u003e\r\n• Adjusted operating margins of 10.9%, up from 10.0% from a year ago;\u003cbr /\u003e\r\n• Tax rate of 47.4%;\u003cbr /\u003e\r\n• $102 million cash flow from operating activities, including $85 million of incremental pension contributions;\u003cbr /\u003e\r\n• Initiation of a quarterly cash dividend program in June.\u003cbr /\u003e\r\n\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eSegment Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eTotal Aircraft Controls segment sales in the quarter were $304 million, up 7% year over year. Military aircraft sales increased 16%, to $148 million. Military OEM sales were 15% higher, at $96 million, on increased F-35 production activity. Military aftermarket sales increased 18% driven by B-1B, F-18 and V-22 repair activity. Commercial aircraft revenues in the quarter were unchanged, at $156 million. Sales of OEM products to Boeing were off 13%, at $60 million, mostly the result of volume reductions on legacy aircraft. Airbus OEM sales were flat. Commercial aftermarket sales increased 25%, the result of Boeing legacy repairs and Airbus A350 initial provisioning spares.\u003c/p\u003e\r\n\u003cp\u003eFull-year Aircraft Controls sales were $1.2 billion, up 6%. Military aircraft sales of $572 million were 10% higher than a year ago. Military OEM sales increased 13% on very strong F-35 sales. Military aftermarket sales of $190 million were 4% higher on B1-B and F-18 repair activity.\u003c/p\u003e\r\n\u003cp\u003eCommercial aircraft sales increased 3%, to $622 million. Strong aftermarket sales, up 28% to $152 million, offset lower OEM sales. Boeing OEM sales were down 6%, to $238 million, driven by softer legacy program sales. Airbus OEM was off 2%, to $152 million\u003c/p\u003e\r\n\u003cp\u003eIn the quarter, Space and Defense segment sales were $154 million, up 10% year over year. Space sales were 15% higher, to $53 million, attributed to NASA’s Space Launch System and Orion Crew Vehicle programs. Defense sales were 8% higher on strong sales of missile controls, security and naval applications. Space and Defense sales for the year increased 10%, to $581 million. The results for the year were driven by most of the same factors as the quarterly results. Space sales were up 15%, to $215 million, the result of strong demand for space avionics products and increased launch vehicle activity at NASA. Defense sales were $366 million, an increase of 7% from a year ago, on funded development work and components used in a variety of markets.\u003c/p\u003e\r\n\u003cp\u003eIndustrial Systems segment sales in the quarter were $243 million, up 8% from year ago. Sales of industrial automation products increased 15%, to $111 million, helped by the acquisition of Brno, a large motor company based in the Czech Republic. Simulation and test sales increased 5% and medical pumps and associated products were up 4%. Energy sales were mostly unchanged.\u003c/p\u003e\r\n\u003cp\u003eFull-year Industrial Systems sales were $935 million, 11% higher, with sales increases across all major markets. Excluding currency effects and acquisitions, organic sales accounted for about one half of the sales increase. Industrial automation sales were $431 million, up 14%, with the recent acquisitions of Rotary Transfer Systems and Brno contributing significantly. Energy sales were 13% higher on increases in exploration and power generation. Medical pumps and associated products were up 9%.\u003c/p\u003e\r\n\u003cp\u003eConsolidated year-end 12-month backlog was $1.5 billion, up 22% from a year ago.\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFiscal 2019 Outlook\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eThe Company provided its initial projections for fiscal 2019.\u003c/p\u003e\r\n\u003cp\u003e• Forecast sales of $2.88 billion, up 6%;\u003cbr /\u003e\r\n• Forecast earnings per share of $5.25, plus or minus $0.20, up 15% on adjusted 2018 earnings per share;\u003cbr /\u003e\r\n• Forecast full year operating margins of 11.7%, up from an adjusted 10.9% a year ago;\u003cbr /\u003e\r\n• Forecast cash flow from operations of $280 million;\u003cbr /\u003e\r\n• Forecast tax rate of 26.0%.\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e“Q4 was a good finish to the year, with sales up 8% and adjusted earnings per share above the high end of our guidance,” said John Scannell, Chairman and CEO. “Overall, fiscal 18 was a good year. U.S. tax reform and our exit from the wind pitch control business were both drags on our results, but the underlying operations strengthened from fiscal ’17 and we had healthy margin expansion. We’re planning to build on that performance in fiscal ’19. We’re projecting 6% sales growth to $2.88 billion and a 15% increase in earnings per share above our adjusted fiscal ’18 results.”\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call. Listeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page 90 minutes prior to the conference call.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003e\u003cbr /\u003e\r\n\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to certain current and future events and financial performance and are not guarantees of future performance. This includes but is not limited to, the Company’s expectation and ability to pay a quarterly cash dividend on its common stock in the future, subject to the determination by the board of directors, and based on an evaluation of company earnings, financial condition and requirements, business conditions, capital allocation determinations and other factors, risks and uncertainties. The impact or occurrence of these could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003e• the markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003cbr /\u003e\r\n• we operate in highly competitive markets with competitors who may have greater resources than we possess;\u003cbr /\u003e\r\n• we depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003cbr /\u003e\r\n• we make estimates in accounting for long-term contracts, and changes in these estimates may have significant impacts on our earnings;\u003cbr /\u003e\r\n• we enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003cbr /\u003e\r\n• we may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003cbr /\u003e\r\n• if our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003cbr /\u003e\r\n• contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks and false claims, and any non-compliance could subject us to fines and penalties or possible debarment;\u003cbr /\u003e\r\n• the loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003cbr /\u003e\r\n• our new product research and development efforts may not be successful which could reduce our sales and earnings;\u003cbr /\u003e\r\n• our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003cbr /\u003e\r\n• our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003cbr /\u003e\r\n• our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003cbr /\u003e\r\n• significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003cbr /\u003e\r\n• a write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003cbr /\u003e\r\n• our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003cbr /\u003e\r\n• our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003cbr /\u003e\r\n• unforeseen exposure to additional income tax liabilities may affect our operating results;\u003cbr /\u003e\r\n• government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003cbr /\u003e\r\n• the failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003cbr /\u003e\r\n• we are involved in various legal proceedings, the outcome of which may be unfavorable to us;\u003cbr /\u003e\r\n• future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003cbr /\u003e\r\n• our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report.\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/corporate-press-release/annual-reports","moog_news"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2017-11-03T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Financial Press Releases","right":"moog-news-and-events:type/corporate-press-release/annual-reports"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2018/moog-reports-year-end-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Reports Fourth Quarter and Year End Results 2017","openInANewTab":false,"articleTitleType":"h2","smallDescription":"EAST AURORA, N.Y., Nov. 03, 2017 (GLOBE NEWSWIRE) -- Moog Inc. (NYSE:MOG.A) (NYSE:MOG.B) announced today financial results for the fourth quarter and fiscal year ended September 30, 2017.","description":"\u003cp\u003e\u003ca href\u003d\"/content/dam/moog/literature/Corporate/Investors/press-releases-pdf/2017/2017/PressRelease_3_Nov_2017.pdf\" target\u003d\"_blank\"\u003ePress Release with Statements (PDF)\u003c/a\u003e\u003c/p\u003e\r\n\u003cp\u003eEAST AURORA, N.Y., Nov. 03, 2017 (GLOBE NEWSWIRE) -- Moog Inc. (NYSE:MOG.A) (NYSE:MOG.B) announced today financial results for the fourth quarter and fiscal year ended September 30, 2017.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFourth Quarter Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eDiluted earnings per share of $1.07, up 16% from a year ago\u003c/li\u003e\r\n\u003cli\u003eSales of $649 million, up 5%\u003c/li\u003e\r\n\u003cli\u003eOperating margins of 10.7%\u003c/li\u003e\r\n\u003cli\u003eTax rate of 20.8%\u003c/li\u003e\r\n\u003cli\u003e$48 million cash flow from operating activities.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u003cb\u003eFull-Year 2017 Highlights\u003c/b\u003e\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eEarnings per share of $3.90, up 12%;\u003c/li\u003e\r\n\u003cli\u003eSales of $2.50 billion, up 4%;\u003c/li\u003e\r\n\u003cli\u003eOperating margins of 10.0%;\u003c/li\u003e\r\n\u003cli\u003eTax rate of 22.7%;\u003c/li\u003e\r\n\u003cli\u003e$218 million cash flow from operating activities, continuing the strong pattern of recent years.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e\u003cb\u003eSegment Results\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eTotal Aircraft Controls segment sales in the quarter were $284 million, up 7% year over year. Commercial aircraft revenues increased 13%, to $156 million. Sales of OEM products to Airbus increased 11%. Boeing OEM product sales were 7% higher, at $69 million, driven by strong 787 sales. Commercial aftermarket sales increased 14%, to $32 million.\u003c/p\u003e\r\n\u003cp\u003eMilitary aircraft sales in the quarter were $128 million, marginally higher than a year ago. Military OEM sales were 8% higher, at $83 million, due to F-35 production and funded military development programs. Military aftermarket sales were down 10%, with slower activity seen on several platforms, particularly on the V-22.\u003c/p\u003e\r\n\u003cp\u003eFull-year Aircraft Controls sales were $1.1 billion, up 6%. Commercial aircraft sales were 9% higher, at $603 million. Airbus OEM sales, at $155 million, were 33% higher on the A350 ramp. Boeing OEM sales were mostly unchanged, at $253 million, with 787 sales increases offsetting sales decreases in other Boeing legacy programs. Commercial aftermarket sales were up 5%.\u003c/p\u003e\r\n\u003cp\u003eMilitary aircraft sales for the year were $522 million, up 2%. Growth in funded development programs and an 18% increase in F-35 production sales, to $107 million, offset lower sales on foreign platforms. Military aftermarket sales of $183 million were 8% lower, attributed in-part to the C-5 upgrade and F-35 depot stand-up effort completed last year.\u003c/p\u003e\r\n\u003cp\u003eIn the quarter, Space and Defense segment sales were $101 million, up 4% year over year. Defense sales were 17% higher on strong sales into military vehicle applications. Space sales were off 9%, due to the divestitures completed during the year. Excluding the effect of the divestitures, organic space sales were up 4% in the quarter on increased sales of satellite avionics products.\u003c/p\u003e\r\n\u003cp\u003eSpace and Defense sales for the year were $394 million, up 8%. Defense sales were up 15%, to $211 million, and space sales were flat, at $183 million. The results for the year were driven by the same factors as the quarterly results.\u003c/p\u003e\r\n\u003cp\u003eIndustrial System segment sales in the quarter were $127 million, down 3% from a year ago but up 4% from Q3. Lower sales of energy and industrial automation products were offset by a 14% increase in simulation and test sales.\u003c/p\u003e\r\n\u003cp\u003eFull-year Industrial System sales were $477 million, down 7%, attributed to lower wind energy product sales in Brazil and Europe and lower industrial automation sales. The decline was partially offset by a 3% sales increase in simulation and test products.\u003c/p\u003e\r\n\u003cp\u003eComponents segment sales in the quarter were $137 million, a 10% increase year over year. Industrial sales for specialty markets were up 20%, at $37 million, helped by the acquisition of Rotary Transfer Systems. Higher medical sales, at $52 million, and aerospace and defense sales, at $48 million, also contributed.\u003c/p\u003e\r\n\u003cp\u003eFor the year, Components sales were $501 million, up 7%, with higher sales seen across all major markets. Medical pumps and associated products were up 8%. The acquisition of Rotary Transfer Systems contributed significantly to a 12% increase in industrial sales.\u003c/p\u003e\r\n\u003cp\u003eConsolidated year-end 12-month backlog was $1.2 billion.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eFiscal 2018 Outlook\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eThe Company provided its initial projections for fiscal 2018.\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eForecast sales of $2.62 billion, up 5%;\u003c/li\u003e\r\n\u003cli\u003eForecast earnings per share of $4.10, plus or minus $0.20, up 5%;\u003c/li\u003e\r\n\u003cli\u003eForecast full year operating margins of 11.0%, up 100 basis points;\u003c/li\u003e\r\n\u003cli\u003eForecast cash flow from operations of $230 million, up 6%;\u003c/li\u003e\r\n\u003cli\u003eForecast tax rate increase to a more normal 31.0%.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003eThe Company also announced that starting in FY’18, segment reporting will change to three segments, Aircraft Controls, Space and Defense Controls and Industrial Systems. The Components segment will be reorganized with A\u0026amp;D products moving to the Space and Defense segment and industrial and medical products moving to the Industrial Systems segment. The change is being made to improve service to customers, leverage capabilities within the markets served and simplify reporting.\u003c/p\u003e\r\n\u003cp\u003e“Q4 was a good quarter financially with sales up 5% and operating margins at their highest for the year,” said John Scannell, Chairman and CEO. “Our FY ’17 EPS, at $3.90, was $0.15 ahead of what we projected 90 days ago. After several years of restructuring and cost-cutting, our business is turning up and our focus has shifted to growth. We’re looking to see growth and related margin expansion trends continue in FY ’18.”\u003c/p\u003e\r\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call. Listeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page 90 minutes prior to the conference call.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003eCautionary Statement\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003ethe markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/li\u003e\r\n\u003cli\u003ewe operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/li\u003e\r\n\u003cli\u003ewe depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/li\u003e\r\n\u003cli\u003ewe make estimates in accounting for long-term contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/li\u003e\r\n\u003cli\u003ewe enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/li\u003e\r\n\u003cli\u003ewe may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/li\u003e\r\n\u003cli\u003eif our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/li\u003e\r\n\u003cli\u003econtracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks and false claims, and any non-compliance could subject us to fines and penalties or possible debarment;\u003c/li\u003e\r\n\u003cli\u003ethe loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/li\u003e\r\n\u003cli\u003eour new product research and development efforts may not be successful which could reduce our sales and earnings;\u003c/li\u003e\r\n\u003cli\u003eour inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/li\u003e\r\n\u003cli\u003eour business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/li\u003e\r\n\u003cli\u003eour indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/li\u003e\r\n\u003cli\u003esignificant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/li\u003e\r\n\u003cli\u003ea write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/li\u003e\r\n\u003cli\u003eour sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/li\u003e\r\n\u003cli\u003eour operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/li\u003e\r\n\u003cli\u003eunforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/li\u003e\r\n\u003cli\u003egovernment regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/li\u003e\r\n\u003cli\u003egovernmental regulations and customer demands related to conflict minerals may adversely impact our operating results;\u003c/li\u003e\r\n\u003cli\u003ethe failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/li\u003e\r\n\u003cli\u003efuture terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business;\u003c/li\u003e\r\n\u003cli\u003eour operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs; and\u003c/li\u003e\r\n\u003cli\u003ewe are involved in various legal proceedings, the outcome of which may be unfavorable to us.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report.\u003c/p\u003e\r\n\u003cp\u003e\u003ca href\u003d\"/content/dam/moog/literature/Corporate/Investors/press-releases-pdf/2017/2017/PressRelease_3_Nov_2017.pdf\"\u003ePress Release with Statements (PDF)\u003c/a\u003e\u003cbr /\u003e\r\n\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2017-11-03T00:00:00.000+01:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2017/moog-reports-fourth-quarter-and-year-end-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces 4th Quarter and Year End 2017 Earnings Webcast","openInANewTab":false,"articleTitleType":"h2","description":"\u003cp\u003eEast Aurora, NY – Moog Inc. (NYSE: MOG.A and MOG.B) will release its fourth quarter and year-end earnings for the period ended September 30, 2017 on Friday, November 3, 2017. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call.\u003c/p\u003e\r\n\u003cp\u003eListeners can access the conference call live or in replay mode on the Internet at \u003ca href\u003d\"https://www.moog.com/investors/communications/\" target\u003d\"_blank\"\u003ehttps://www.moog.com/investors/communications/\u003c/a\u003e. Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003c/p\u003e\r\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 45 days.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the Company can be found at \u003cu\u003ewww.moog.com\u003c/u\u003e.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"articleImageReference":"/content/dam/sites/moog/investors/master-tiles/MogA.jpg","startDate":"2017-10-27T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2017/fourth-quarter-year-end-2017.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Aircraft Services Asia Incorporated In Singapore","openInANewTab":false,"articleTitleType":"h2","smallDescription":"Moog Inc. (NYSE: MOG.A and MOG.B) and SIA Engineering Company (“SIAEC”) today announced the formation of a joint venture company, Moog Aircraft Services Asia. Moog holds a 51% equity stake in the company and SIAEC holds the remaining 49%. The operation will reside in a new facility in Singapore. SIA Engineering Company (SIAEC) is a major provider of aircraft maintenance, repair and overhaul (MRO) services in the Asia-Pacific.\r\n","description":"\u003cp\u003e\u003cb\u003eOctober 3, 2017\u003c/b\u003e\u003c/p\u003e\n\u003cp\u003e\u003cb\u003eEast Aurora, NY, USA\u003c/b\u003e – Moog Inc. (NYSE: MOG.A and MOG.B) and SIA Engineering Company (“SIAEC”) today announced the formation of a joint venture company, Moog Aircraft Services Asia. Moog holds a 51% equity stake in the company and SIAEC holds the remaining 49%. The operation will reside in a new facility in Singapore. SIA Engineering Company (SIAEC) is a major provider of aircraft maintenance, repair and overhaul (MRO) services in the Asia-Pacific.\u003c/p\u003e\n\u003cp\u003eThe joint venture company will provide maintenance, repair and overhaul services for Moog manufactured flight control systems fitted to new generation aircraft including the Boeing 787 and Airbus A350.\u003c/p\u003e\n\u003cp\u003e“The new facility will not only enhance Moog’s world class service network within Asia Pacific, but will further enable the delivery of efficient cost effective services as part of Moog’s Total Support Program,” said Mark Brooks, Moog\u0027s General Manager for Commercial Aircraft Services.\u003c/p\u003e\n\u003cp\u003eMoog’s Total Support program provides airlines with a comprehensive range of services for Moog products, including flight hour based inventory and maintenance support solutions throughout the aircraft lifecycle.\u003c/p\u003e\n\u003cp\u003e\u003cb\u003eAbout Moog\u003c/b\u003e\u003c/p\u003e\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind turbines, marine and medical equipment.\u0026nbsp;Additional information about the company can be found at \u003cu\u003e\u003ca title\u003d\"www.moog.com\" href\u003d\"/content/sites/global/en.html\"\u003ewww.moog.com\u003c/a\u003e\u003c/u\u003e.\u0026nbsp; \u0026nbsp;\u0026nbsp;\u003cbr\u003e\n\u003c/p\u003e\n","tags":["moog-news-and-events:category/corporate-press-releases"],"startDate":"2017-10-03T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2017/moog-aircraft-services-asia-incorporated-in-singapore.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog to Present at Gabelli Aircraft Supplier Conference on September 7, 2017","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY, Moog Inc. (NYSE: MOG.A and MOG.B) announced today that John Scannell, Chairman and CEO and Donald Fishback, CFO, will present at the 23rd Annual Gabelli \u0026 Company Aircraft Supplier Conference on Thursday, September 7, 2017 at 11:30 a.m. ET.\r\n","description":"\u003cp\u003e\u003cb\u003eAugust 31, 2017\u003c/b\u003e\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY, Moog Inc. (NYSE: MOG.A and MOG.B) announced today that John Scannell, Chairman and CEO and Donald Fishback, CFO, will present at the 23rd Annual Gabelli \u0026amp; Company Aircraft Supplier Conference on Thursday, September 7, 2017 at 11:30 a.m. ET.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind turbines, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"/content/sites/global/en.html\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases"],"startDate":"2017-08-31T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2017/moog-to-present-at-gabelli-aircraft-supplier-conference.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Reports Third Quarter Results","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended July 1, 2017. Third Quarter Highlights...","description":"\u003cp\u003e\u003cb\u003eJuly 28, 2017\u003c/b\u003e\u003c/p\u003e\n\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended July 1, 2017.\u003c/p\u003e\n\u003cp\u003e\u003cb\u003eThird Quarter Highlights\u003c/b\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eDiluted earnings per share of $1.11, up 11% from a year ago;\u003c/li\u003e\n\u003cli\u003eSales of $626 million, up 2% from a year ago;\u003c/li\u003e\n\u003cli\u003eOperating margins of 10.2%, down from a comparatively high Q3 last year and in line with expectations;\u003c/li\u003e\n\u003cli\u003eUnusually low tax rate, at 17%;\u003c/li\u003e\n\u003cli\u003eStrong cash flow from operating activities;\u003c/li\u003e\n\u003cli\u003eCompleted the sale of European space businesses.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cb\u003eSegment Results\u003c/b\u003e\u003c/p\u003e\n\u003cp\u003eTotal Aircraft Controls sales in the quarter were $283 million, up 4% year over year. Commercial aircraft revenues increased 10%, to $153 million. Sales of OEM products to Airbus increased 41%, to $40 million, driven by an increase in A350 program sales. Boeing OEM sales were off 6%, at $62 million. Commercial aftermarket sales increased $4 million, to $31 million.\u003c/p\u003e\n\u003cp\u003eMilitary aircraft sales of $130 million were down 3%. Military aftermarket sales of $43 million were down 14%, mostly due to the timing of F-35 depot activity. Military OEM sales were 3% higher on an increase in F-35 sales.\u003c/p\u003e\n\u003cp\u003eSpace and Defense segment sales were $95 million, up 2% year over year. Defense sales were up 7% on increased demand for U.S. ground vehicle and naval systems, which offset lower sales of missile systems. Space sales were 3% lower, the result of the European space business divested in Q1 fiscal ‘17.\u003c/p\u003e\n\u003cp\u003eIndustrial Systems segment sales in the quarter were $122 million, down 6% from a year ago but up 6% from Q2. About one-third of the decline was due to weaker foreign currencies relative to the U.S. Dollar. Energy sales were off 20% and industrial automation sales were off 13%. \u0026nbsp;Simulation and test sales were very strong, up 28%.\u003c/p\u003e\n\u003cp\u003eComponents segment sales in the quarter were $127 million, 7% higher year over year. Aerospace and defense sales were flat while industrial sales for specialty markets were 26% higher, benefitting from the recent Rotary Transfer Systems acquisition which closed in early April. Medical market sales of $47 million were slightly higher as increased sales of pumps and sensors offset lower CT scan slip ring sales.\u003c/p\u003e\n\u003cp\u003eConsolidated 12-month backlog was $1.2 billion.\u003c/p\u003e\n\u003cp\u003e\u003cb\u003eFiscal 2017 Outlook\u003c/b\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eForecast sales raised $10 million from last quarter’s forecast, to $2.46 billion, up 2% over last year;\u003c/li\u003e\n\u003cli\u003eForecast earnings per share raised $0.25 to $3.75, plus or minus $0.10;\u003c/li\u003e\n\u003cli\u003eForecast full year operating margins of 10.1%, a slight increase from last quarter’s forecast;\u003c/li\u003e\n\u003cli\u003eAnother year of solid cash flow from operations.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e“Q3 was another good quarter,” said John Scannell, Chairman and CEO. “With nine months behind us, FY17 is shaping up nicely. Today we’re pleased to be raising our full-year guidance by $0.25 per share to reflect a stronger operational performance and a reduced tax rate.”\u003c/p\u003e\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call. Listeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page 90 minutes prior to the conference call.\u003c/p\u003e\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"https://www.moog.com\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\n","tags":["moog-news-and-events:category/corporate-press-releases"],"startDate":"2017-07-28T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2017/moog-reports-third-quarter-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Reports Second Quarter Results","openInANewTab":false,"articleTitleType":"h1","smallDescription":"East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended April 1, 2017. Second Quarter Highlights...","description":"\u003cp\u003e\u003cb\u003eApril 28, 2017\u003c/b\u003e\u003c/p\u003e\n\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended April 1, 2017.\u003cbr\u003e\n\u003c/p\u003e\n\u003cp\u003e\u003cb\u003eSecond Quarter Highlights\u003c/b\u003e\u003cbr\u003e\n\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eDiluted earnings per share of $0.88, up 4% from a year ago;\u0026nbsp;\u003c/li\u003e\n\u003cli\u003ePre-tax earnings were up 19% from a year ago;\u0026nbsp;\u003c/li\u003e\n\u003cli\u003eSales of $632 million, up 3% from a year ago;\u0026nbsp;\u003c/li\u003e\n\u003cli\u003eOperating margins of 10.3%, up from 9.3% a year ago;\u0026nbsp;\u003c/li\u003e\n\u003cli\u003eStrong cash flow from operating activities;\u0026nbsp;\u003c/li\u003e\n\u003cli\u003eAnnouncement of the acquisition of Rotary Transfer Systems, a slip ring business in Europe.\u003cbr\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cb\u003eSegment Results\u003c/b\u003e\u003cbr\u003e\n\u003c/p\u003e\n\u003cp\u003eTotal Aircraft Controls sales in the quarter were $290 million, up 6% year over year. Military aircraft sales of $137 million were 4% higher, driven by F-35 Joint Strike Fighter sales which were up 26%. Other OEM sales were up 3%, to $59 million. Military aftermarket sales were $48 million, down 5% on lower B-1B spares and C-5 modernization activity.\u003cbr\u003e\n\u003c/p\u003e\n\u003cp\u003eCommercial aircraft revenues increased 9%, to $153 million. Sales of OEM products to Airbus increased 44%, to $43 million, including a 70% increase in A350 program sales. Boeing OEM sales were marginally higher at $62 million. Commercial aftermarket sales declined $1 million, to $29 million.\u003cbr\u003e\n\u003c/p\u003e\n\u003cp\u003eSpace and Defense segment sales were $106 million, up 14% year over year. Defense sales were up 26% on increased demand for U.S. and European ground vehicle programs, naval and security products. Space sales were 2% higher, attributed to an increase in sales of satellite controls.\u003cbr\u003e\n\u003c/p\u003e\n\u003cp\u003eIndustrial Systems segment sales in the quarter were $115 million, down 10% from a year ago but up 3% from Q1. Energy sales were off 15%, simulation and test sales were down 9% and industrial automation sales were off 8%.\u003cbr\u003e\n\u003c/p\u003e\n\u003cp\u003eComponents segment sales in the quarter were $121 million, up 3% from a year ago, with the strongest sales increase seen in the medical market. Medical market sales of $48 million were up 10% on increased sales of pumps and sensors. Aerospace and defense sales of $41 million were flat while industrial product sales for specialty markets, at $33 million, were down 3%.\u003cbr\u003e\n\u003c/p\u003e\n\u003cp\u003eConsolidated 12-month backlog was $1.2 billion.\u003cbr\u003e\n\u003c/p\u003e\n\u003cp\u003e\u003cb\u003eFiscal 2017 Outlook\u003c/b\u003e\u003cbr\u003e\n\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eForecast sales of $2.45 billion, up 2% over last year and increased $30 million from last quarter’s forecast;\u0026nbsp;\u003c/li\u003e\n\u003cli\u003eForecast earnings per share of $3.50, plus or minus $0.15;\u0026nbsp;\u003c/li\u003e\n\u003cli\u003eForecast full year operating margins of 10.0%, with no change from last quarter’s forecast;\u0026nbsp;\u003c/li\u003e\n\u003cli\u003eAnother year of solid cash flow from operations.\u003cbr\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e“Earnings per share of $0.88 was above our guidance from 90 days ago,” said John Scannell, Chairman and CEO. “We’ve had a good first half of the year and we’re on track for our full year guidance. Our premier military and commercial aircraft programs continue their production ramps and we’ve seen sales gains in several of the defense programs in our portfolio.”\u003cbr\u003e\n\u003c/p\u003e\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call. Listeners can access the call live or in replay mode at \u003ca href\u003d\"https://www.moog.com/investors/communications\"\u003ewww.moog.com/investors/communications\u003c/a\u003e. Supplemental financial data will be available on the webcast web page 90 minutes prior to the conference call.\u003cbr\u003e\n\u003c/p\u003e\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"https://www.moog.com\"\u003ewww.moog.com\u003c/a\u003e.\u003cbr\u003e\n\u003c/p\u003e\n","tags":["moog-news-and-events:category/corporate-press-releases"],"startDate":"2017-04-28T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2017/moog-reports-second-quarter-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Second Quarter 2017 Earnings Webcast","openInANewTab":false,"articleTitleType":"h1","smallDescription":"Moog Inc. (NYSE:MOG.A) and (NYSE:MOG.B) will release its second quarter fiscal 2017 earnings for the period ended April 1, 2017 on Friday, April 28, 2017. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call.","description":"\u003cp\u003eEAST AURORA, N.Y., April 21, 2017 (GLOBE NEWSWIRE) -- Moog Inc. (NYSE:MOG.A) and (NYSE:MOG.B) will release its second quarter fiscal 2017 earnings for the period ended April 1, 2017 on Friday, April 28, 2017. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call.\u003c/p\u003e\n\u003cp\u003eListeners can access the conference call live over the Internet at: \u003ca href\u003d\"https://urldefense.proofpoint.com/v2/url?u\u003dhttps-3A__www.globenewswire.com_Tracker-3Fdata-3DsUOjOLTcsSt9wn63hQ-5FMt-2DnAxpjX7OExPganSbdsuQa0dFkv6KimfZHyyFRE3Ftit8s3W6yKqUJ5Ry1jlDEXDsHGCX-2DUL0IToeS5mlR456f3yD3SrRT00fFpzJbaaMQXJp-2DP2vzSXEdnnHgngOZwoJE-2DqDai9gRNH8GLQbrtpkY-3D\u0026amp;d\u003dDwMGaQ\u0026amp;c\u003dByDrzdYw8tO08sJlHDO_Vg\u0026amp;r\u003d3j6Gta-mC3ZsrkqauCEPtg\u0026amp;m\u003dVJCIbiIizJeQUCenO81dBNxBDQgHp2IKgUTc5qVcvRY\u0026amp;s\u003dB4Y2NLUP9Vfl8-BITl7Frt64OuawxwBQIVrbqiVXE-s\u0026amp;e\u003d\"\u003ehttps://www.moog.com/investors/communications/\u003c/a\u003e.\u0026nbsp; Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.\u003c/p\u003e\n\u003cp\u003eSupplemental data will be available on the website approximately 90 minutes prior to the call and will be archived with the webcast transcript.\u003c/p\u003e\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems.\u0026nbsp; Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind turbines, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"https://urldefense.proofpoint.com/v2/url?u\u003dhttps-3A__www.globenewswire.com_Tracker-3Fdata-3DhJZOvUIzR9oYyOPy4JfGubTCVyKS5GIOMlGW8puJEcb0S-2DFfToN2oPd6uPSBQXJbEdHFUbj9X42wMYsp2wwOrA-3D-3D\u0026amp;d\u003dDwMGaQ\u0026amp;c\u003dByDrzdYw8tO08sJlHDO_Vg\u0026amp;r\u003d3j6Gta-mC3ZsrkqauCEPtg\u0026amp;m\u003dVJCIbiIizJeQUCenO81dBNxBDQgHp2IKgUTc5qVcvRY\u0026amp;s\u003d4evsrQyQ25oZwcfghS8zgVrWAT_bYQ6r-QmkOJ9vlr4\u0026amp;e\u003d\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\n","tags":["moog-news-and-events:category/corporate-press-releases"],"startDate":"2017-04-24T00:00:00.000-04:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2017/moog-inc-announces-second-quarter-2017-earnings-webcast.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Inc. Announces Acquisition","openInANewTab":false,"articleTitleType":"h1","smallDescription":"Moog Inc. (NYSE:MOG.A) and (NYSE:MOG.B) announced today that it has entered into a definitive agreement to acquire the global Rotary Transfer Systems business (“Rotary”) from Morgan Advanced Materials. ","description":"\u003cp\u003e\u003ci\u003eFebruary 17, 2017\u003c/i\u003e\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. (NYSE:MOG.A) and (NYSE:MOG.B) announced today that it has entered into a definitive agreement to acquire the global Rotary Transfer Systems business (“Rotary”) from Morgan Advanced Materials. The purchase price is €40 million ($42 million U.S.) in cash and includes Rotary’s European manufacturing sites in Antweiler, Germany and Chalon-St-Memmie, France. The transaction is subject to receipt of applicable regulatory approvals in Germany and customary closing conditions and is expected to happen within 60 to 90 days.\u003c/p\u003e\r\n\u003cp\u003eRotary designs and manufactures a portfolio of electromechanical systems for the transfer of current, signals and data in rotating devices or structures. The technology can be combined to include electrical, pneumatic, hydraulic and multi-channel fibre optic transfers and is typically used in tower cranes, radar systems, wind turbines, automotive and construction equipment.\u003c/p\u003e\r\n\u003cp\u003e\u0026quot;This acquisition gives the Components Group the opportunity to offer a complete line of industrial slip rings and rotary transfer solutions that meet the needs of our expanding customer base in Europe, Asia and North America,\u0026quot; said Larry Ball, Moog Inc. Vice President and President of Moog’s Components segment. “In addition, it provides us a strategic base and a solid business in mainland Europe to further grow our slip ring business.”\u003c/p\u003e\r\n\u003cp\u003eRotary had 2016 revenues of approximately $21 million.\u003c/p\u003e\r\n\u003cp\u003eThe acquisition is expected to add approximately $13 million to Moog’s sales for the remaining seven months of Moog’s 2017 fiscal year. This acquisition is expected to be neutral to Moog’s earnings per share for the year ended September 30, 2017.\u003c/p\u003e\r\n\u003cp\u003eThe Company has sufficient cash on hand and availability under its revolving credit facility to finance the acquisition.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u003cb\u003eAbout Moog\u003c/b\u003e\u003c/b\u003e\u003cbr /\u003e\r\nMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"https://urldefense.proofpoint.com/v2/url?u\u003dhttps-3A__www.globenewswire.com_Tracker-3Fdata-3DFCvqfgFi-5FgUDpGh3atRp2jYz9rXo7RrIdFL12eJEAajytAJnsHD9JV-5FCo1RQz2Hi-5FCJ3lKbRkkfDmZ0lERdePA-3D-3D\u0026amp;d\u003dDwMGaQ\u0026amp;c\u003dByDrzdYw8tO08sJlHDO_Vg\u0026amp;r\u003d3j6Gta-mC3ZsrkqauCEPtg\u0026amp;m\u003dd8KURjSZ5RD7q6amztk30H6_buL5599MprxwySf94zA\u0026amp;s\u003d2dymgwejDyfFBrlUul_yrW--DLrV0jYvXkJdrAQ37zE\u0026amp;e\u003d\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003c/b\u003e\u003cbr /\u003e\r\nInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003ethe markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/li\u003e\r\n\u003cli\u003ewe operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/li\u003e\r\n\u003cli\u003ewe depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/li\u003e\r\n\u003cli\u003ewe make estimates in accounting for long-term contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/li\u003e\r\n\u003cli\u003ewe enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/li\u003e\r\n\u003cli\u003ewe may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;\u003c/li\u003e\r\n\u003cli\u003eif our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/li\u003e\r\n\u003cli\u003econtracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks and false claims, and any non-compliance could subject us to fines and penalties or possible debarment;\u003c/li\u003e\r\n\u003cli\u003ethe loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;\u003c/li\u003e\r\n\u003cli\u003eour new product research and development efforts may not be successful which could reduce our sales and earnings;\u003c/li\u003e\r\n\u003cli\u003eour inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/li\u003e\r\n\u003cli\u003eour business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/li\u003e\r\n\u003cli\u003eour indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/li\u003e\r\n\u003cli\u003esignificant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;\u003c/li\u003e\r\n\u003cli\u003ea write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/li\u003e\r\n\u003cli\u003eour sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/li\u003e\r\n\u003cli\u003eour operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/li\u003e\r\n\u003cli\u003eunforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/li\u003e\r\n\u003cli\u003egovernment regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;\u003c/li\u003e\r\n\u003cli\u003egovernmental regulations and customer demands related to conflict minerals may adversely impact our operating results;\u003c/li\u003e\r\n\u003cli\u003ethe failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/li\u003e\r\n\u003cli\u003efuture terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business;\u003c/li\u003e\r\n\u003cli\u003eour operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs; and\u003c/li\u003e\r\n\u003cli\u003ewe are involved in various legal proceedings, the outcome of which may be unfavorable to us.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/operating-group/industrial","moog-news-and-events:industry/construction","moog-news-and-events:industry/energy","moog-news-and-events:product/fiber-optic-rotary-joints","moog-news-and-events:product/slip-rings"],"startDate":"2017-02-20T00:00:00.000-05:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Industrial","right":"moog-news-and-events:type/operating-group/industrial"},{"left":"Construction","right":"moog-news-and-events:industry/construction"},{"left":"Energy","right":"moog-news-and-events:industry/energy"},{"left":"Fiber Optic Rotary Joints","right":"moog-news-and-events:product/fiber-optic-rotary-joints"},{"left":"Slip Rings","right":"moog-news-and-events:product/slip-rings"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2017/moog-inc-announces-acquisition.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Reports First Quarter Results","openInANewTab":false,"articleTitleType":"h1","smallDescription":"Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended December 31, 2016.","description":"\u003cp\u003eEast Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today financial results for the quarter ended December 31, 2016.\u003c/p\u003e\n\u003cp\u003e\u003cb\u003eFirst Quarter Highlights\u003c/b\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eDiluted earnings per share of $0.84, up 18% from a year ago;\u003c/li\u003e\n\u003cli\u003eSales of $590 million, up 4% from a year ago;\u003c/li\u003e\n\u003cli\u003eProgress in selling four small European space businesses resulting in a net $0.07 per share loss on the divestitures (including $0.18 per share tax benefit);\u003c/li\u003e\n\u003cli\u003eOperating margins (excluding the $9 million pretax loss from selling the European space businesses) were 10.4%, up from 9.1% a year ago;\u0026nbsp;\u003c/li\u003e\n\u003cli\u003eStrong cash flow from operating activities.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cb\u003eSegment Results\u003c/b\u003e\u003c/p\u003e\n\u003cp\u003eTotal Aircraft Controls sales in the quarter were $268 million, up 6% year over year. Military aircraft sales of $128 million were 6% higher. F-35 Joint Strike Fighter sales were up 26%, to $27 million. Other OEM sales were up 8%, to $53 million. Military aftermarket sales were $48 million, down slightly on lower B-2 spares and C-5 modernization activity.\u003c/p\u003e\n\u003cp\u003eCommercial aircraft revenues increased 5%, to $141 million. Sales of OEM products to Airbus increased 40%, to $35 million, including a 72% increase in A350 program sales. Boeing OEM sales were flat at $61 million. Commercial aftermarket sales were off marginally, at $27 million, due to lower initial provisioning of 787 and A350 spares.\u003c/p\u003e\n\u003cp\u003eSpace and Defense segment sales were $93 million, up 11% year over year. Space sales were 13% higher, attributed to strong space avionics and satellite engine sales. Defense sales were up 10% on increased demand for ground vehicle, missile and naval products.\u003c/p\u003e\n\u003cp\u003eIndustrial Systems segment sales in the quarter were $112 million, down 10%. Energy sales were off 6% and industrial automation sales were off 9%. Simulation and test sales were down 16% from last year’s strong first quarter.\u003c/p\u003e\n\u003cp\u003eComponents segment sales in the quarter were $116 million, up 10% from a year ago, with sales increases seen in each of the three major markets. Aerospace and defense sales of $39 million were 11% higher largely attributed to sales for Northrop Grumman’s Guardian program. Medical market sales of $48 million were up 11% on increased sales of pumps and associated products. Industrial product sales for specialty markets were up 6%.\u003c/p\u003e\n\u003cp\u003eConsolidated year-end 12-month backlog was $1.2 billion.\u003c/p\u003e\n\u003cp\u003e\u003cb\u003eFiscal 2017 Outlook\u003c/b\u003e\u003c/p\u003e\n\u003cp\u003eThe Company provided its initial projections for fiscal 2017.\u003cbr\u003e\n\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eForecast sales of $2.42 billion, up 1% over last year, down $20 million from last quarter’s forecast;\u003c/li\u003e\n\u003cli\u003eForecast earnings per share of $3.50, plus or minus $0.20, unchanged from last quarter’s forecast;\u003c/li\u003e\n\u003cli\u003eForecast full year operating margins of 10.0%, down slightly from last quarter’s forecast due to loss on divestitures;\u003c/li\u003e\n\u003cli\u003eAnother year of solid cash flow from operations.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e“Earnings per share before specials of $0.91 were above our guidance from 90 days ago,” said John Scannell, Chairman and CEO. “It was a good start to the year and it puts us on track for our full year guidance. Most of our businesses have stabilized since this time last year and we are seeing positive results from restructuring and our portfolio reviews of the past few years.”\u003c/p\u003e\n\u003cp\u003eIn conjunction with today’s release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be broadcast live over the Internet. John Scannell, Chairman and CEO, and Don Fishback, CFO, will host the call. Listeners can access the call live or in replay mode at www.moog.com/investors/communications. Supplemental financial data will be available on the webcast web page 90 minutes prior to the conference call.\u003c/p\u003e\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the company can be found at \u003ca href\u003d\"https://www.moog.com\"\u003ewww.moog.com\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003e\u003ca href\u003d\"/content/dam/moog/literature/Corporate/Investors/press-releases-pdf/2017/2017/PressRelease_27_Jan_2017.pdf\" target\u003d\"_blank\"\u003e\u003cu\u003eView Complete Press Release with Statements\u003c/u\u003e\u003c/a\u003e\u003c/p\u003e\n","tags":["moog-news-and-events:category/corporate-press-releases"],"startDate":"2017-01-27T00:00:00.000-05:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2017/moog-reports-first-quarter-results.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Reports Increased Sales and Earnings Per Share","openInANewTab":false,"articleTitleType":"h2","smallDescription":"East Aurora, NY - Moog Inc. (NYSE: MOG.A and MOG.B) today announced second quarter net earnings of $38 million and earnings per share of $.82, a 3% increase over last year. Total sales of $650 million were up 1% from a year ago.","description":"\u003cp\u003e\u003ci\u003e25 April 2014\u003c/i\u003e\u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY - Moog Inc. (NYSE: MOG.A and MOG.B) today announced second quarter net earnings of $38 million and earnings per share of $.82, a 3% increase over last year. Total sales of $650 million were up 1% from a year ago.\u003cbr\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003eTotal Aircraft Controls sales in the quarter were $275 million, up 6%. The Company’s commercial OEM sales were $99 million, 17% higher, including $58 million in sales to Boeing and $17 million in Airbus sales. Commercial aftermarket sales of $35 million were up 19% on initial provisioning spares for the 787 program.\u003c/p\u003e\r\n\u003cp\u003eMilitary aircraft sales were down 3% to $141 million. F-35 Joint Strike Fighter production revenues were higher but offset by lower revenues for other fighter and helicopter programs including Light Combat Aircraft, Black Hawk and the V-22 tilt rotor aircraft. Military aftermarket sales were down 4% to $59 million.\u003c/p\u003e\r\n\u003cp\u003eSpace and Defense segment sales, at $95 million, were 10% lower than a year ago. Products sold for satellite and launch vehicles were $52 million, down 16%. Defense sector sales for ground vehicles were lower but were offset by stronger sales of security products, which increased 10%.\u003c/p\u003e\r\n\u003cp\u003eThe Company’s Industrial Systems segment had sales of $151 million, an increase of $7 million, or 5%. Sales of controls for industrial automation applications were $9 million higher, at $80 million. Sales of energy controls totaled $39 million and included a $3 million increase in sales of wind energy pitch controls. Simulation and test products, including motion bases for flight training simulators, were down $4 million as major simulation customers adjusted their inventories.\u003c/p\u003e\r\n\u003cp\u003eSales for the Components Group of $101 million were $2 million higher than last year’s second quarter. Sales of industrial products were stronger due to the Aspen Motion Control acquisition completed a year ago. Aerospace and defense sales were down 11% while medical and energy sales were unchanged.\u003c/p\u003e\r\n\u003cp\u003eThe Medical Devices segment had sales of $27 million, down $8 million year over year, the result of the June 2013 Ethox Buffalo sale as well as recent inventory adjustments for pumps and sets at a distribution partner.\u003c/p\u003e\r\n\u003cp\u003eThe Company’s twelve month backlog is $1.4 billion.\u003c/p\u003e\r\n\u003cp\u003eThe Company also updated its projections for 2014 to include sales for the year at $2.64 billion, net earnings of $169 million and earnings per share of $3.65.\u003c/p\u003e\r\n\u003cp\u003e\u0026quot;This was a good news quarter with earnings coming in ahead of plan and healthy cash flow,\u0026quot; said John Scannell, Chairman and CEO. ”We are anticipating margins will improve in the second half on slightly higher sales and an improving mix.\u0026quot;\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the Company can be found at www.moog.com.\u003cbr\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003e\u003cb\u003eCautionary Statement\u003c/b\u003e\u003cbr\u003e\r\n\u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003e“may”\u003c/li\u003e\r\n\u003cli\u003e“will”\u003c/li\u003e\r\n\u003cli\u003e“should”\u003c/li\u003e\r\n\u003cli\u003e“believes”\u003c/li\u003e\r\n\u003cli\u003e“expects”\u003c/li\u003e\r\n\u003cli\u003e“expected”\u003c/li\u003e\r\n\u003cli\u003e“intends”\u003c/li\u003e\r\n\u003cli\u003e“plans”\u003c/li\u003e\r\n\u003cli\u003e“projects”\u003c/li\u003e\r\n\u003cli\u003e“approximate”\u003c/li\u003e\r\n\u003cli\u003e“estimates”\u003c/li\u003e\r\n\u003cli\u003e“predicts”\u003c/li\u003e\r\n\u003cli\u003e“potential”\u003c/li\u003e\r\n\u003cli\u003e“outlook”\u003c/li\u003e\r\n\u003cli\u003e“forecast”\u003c/li\u003e\r\n\u003cli\u003e“anticipates”\u003c/li\u003e\r\n\u003cli\u003e“presume”\u003c/li\u003e\r\n\u003cli\u003e“assume”\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003eare forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003ethe markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;\u003c/li\u003e\r\n\u003cli\u003ewe operate in highly competitive markets with competitors who may have greater resources than we possess;\u003c/li\u003e\r\n\u003cli\u003ewe depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;\u003c/li\u003e\r\n\u003cli\u003ewe make estimates in accounting for long-term contracts, and changes in these estimates may have significant impacts on our earnings;\u003c/li\u003e\r\n\u003cli\u003ewe enter into fixed-price contracts, which could subject us to losses if we have cost overruns;\u003c/li\u003e\r\n\u003cli\u003eif our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;\u003c/li\u003e\r\n\u003cli\u003econtracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks and false claims, and any non-compliance could subject us to fines and penalties or possible debarment;\u003c/li\u003e\r\n\u003cli\u003ethe loss of Boeing as a customer or a significant reduction in sales to Boeing could adversely impact our operating results;\u003c/li\u003e\r\n\u003cli\u003eour new product research and development efforts may not be successful which could reduce our sales and earnings;\u003c/li\u003e\r\n\u003cli\u003eour inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;\u003c/li\u003e\r\n\u003cli\u003eour business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;\u003c/li\u003e\r\n\u003cli\u003eour indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;\u003c/li\u003e\r\n\u003cli\u003esignificant changes in discount rates, rates of return on pension assets, mortality tables and other factors could affect our earnings and equity and increase our pension funding requirements;\u003c/li\u003e\r\n\u003cli\u003ea write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;\u003c/li\u003e\r\n\u003cli\u003eour sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;\u003c/li\u003e\r\n\u003cli\u003eour operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;\u003c/li\u003e\r\n\u003cli\u003eunforeseen exposure to additional income tax liabilities may affect our operating results;\u003c/li\u003e\r\n\u003cli\u003egovernment regulations could limit our ability to sell our products outside the United States and could otherwise adversely affect our business;\u003c/li\u003e\r\n\u003cli\u003ethe failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;\u003c/li\u003e\r\n\u003cli\u003efuture terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business; and\u003c/li\u003e\r\n\u003cli\u003eour operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003cp\u003eThese factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report.\u003c/p\u003e\r\n","tags":["moog_news","moog-news-and-events:category/corporate-press-releases"],"startDate":"2014-04-25T00:00:00.000+02:00","categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2014/moog-reports-increased-sales-and-earnings-per-share.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Acquires Aspen Motion Technologies","openInANewTab":false,"articleTitleType":"h1","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/operating-group/industrial","moog-news-and-events:industry/industrial-machinery","moog-news-and-events:product/motors-and-servomotors"],"categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Industrial","right":"moog-news-and-events:type/operating-group/industrial"},{"left":"Industrial Machinery","right":"moog-news-and-events:industry/industrial-machinery"},{"left":"Motors \u0026 Servomotors","right":"moog-news-and-events:product/motors-and-servomotors"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2013/moog-acquires-aspen-motion-technologies.html","isExternal":false,"containsLocation":false,"target":"_parent"},{"articleTitle":"Moog Acquires Animatics","openInANewTab":false,"articleTitleType":"h1","description":"\u003cp\u003e24 May 2011\u003c/p\u003e\r\n\u003cp\u003e \u003c/p\u003e\r\n\u003cp\u003eEast Aurora, NY - Moog Inc. (NYSE: MOG.A and MOG.B) announced today that it has acquired Animatics Corporation. The purchase price is approximately $25 million consisting of 467,749 shares of Moog Class A stock (based on a 30 day average price of $42.76) and $5 million in cash. Animatics, founded in 1987, is a leading supplier of SmartMotor™ servo motors and linear actuators used in industrial applications. Animatics had trailing 12 month revenues of $15 million. \u003c/p\u003e\r\n\u003cp\u003eAnimatics’ integrated servos, or SmartMotors, linear actuators and control electronics are used in a variety of industrial, medical and defense applications including factory automation, flight simulation and camera and weapons stabilization. Animatics’ products solve a broad array of challenging problems, particularly when multi-axis coordination is essential. Moog Components Group supplies the core motor components to Animatics for the SmartMotor product lines.\u003c/p\u003e\r\n\u003cp\u003e“The acquisition of Animatics brings several very strong products to our motion technology portfolio, as well as a sophisticated distribution network that reaches hundreds of customers world-wide,” said Larry Ball, President of Moog Components Group.\u003c/p\u003e\r\n\u003cp\u003eSales for Animatics are expected to be approximately $5 million for the balance of Moog’s 2011 fiscal year. This acquisition is expected to be neutral to Moog’s earnings per share for the year ending October 1, 2011 due to first year purchase accounting adjustments.\u003c/p\u003e\r\n\u003cp\u003eMoog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the Company can be found at www.moog.com.\u003c/p\u003e\r\n\u003cp\u003eCautionary Statement \u003c/p\u003e\r\n\u003cp\u003eInformation included or incorporated by reference herein that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the results described in the forward-looking statements. These important factors, risks and uncertainties include:\u003c/p\u003e\r\n\u003cp\u003ei. fluctuations in general business cycles for commercial aircraft, military aircraft, space and defense products, industrial capital goods and medical devices;\u003cbr /\u003e\r\nii. our dependence on government contracts that may not be fully funded or may be terminated;\u003cbr /\u003e\r\niii. our dependence on certain major customers, such as The Boeing Company and Lockheed Martin, for a significant percentage of our sales;\u003cbr /\u003e\r\niv. delays by our customers in the timing of introducing new products, which may affect our earnings and cash flow;\u003cbr /\u003e\r\nv. the possibility that the demand for our products may be reduced if we are unable to adapt to technological change;\u003cbr /\u003e\r\nvi. intense competition, which may require us to lower prices or offer more favorable terms of sale;\u003cbr /\u003e\r\nvii. our indebtedness, which could limit our operational and financial flexibility;\u003cbr /\u003e\r\nviii. the possibility that new product and research and development efforts may not be successful, which could reduce our sales and profits;\u003cbr /\u003e\r\nix. increased cash funding requirements for pension plans, which could occur in future years based on assumptions used for our defined benefit pension plans, including returns on plan assets and discount rates;\u003cbr /\u003e\r\nx. a write-off of all or part of our goodwill or intangible assets, which could adversely affect our operating results and net worth;\u003cbr /\u003e\r\nxi. the potential for substantial fines and penalties or suspension or debarment from future contracts in the event we do not comply with regulations relating to defense industry contracting;\u003cbr /\u003e\r\nxii. the potential for cost overruns on development jobs and fixed-price contracts and the risk that actual results may differ from estimates used in contract accounting;\u003cbr /\u003e\r\nxiii. the possibility that our subcontractors may fail to perform their contractual obligations, which may adversely affect our contract performance and our ability to obtain future business;\u003cbr /\u003e\r\nxiv. our ability to successfully identify and consummate acquisitions, and integrate the acquired businesses and the risks associated with acquisitions, including that the acquired businesses do not perform in accordance with our expectations, and that we assume unknown liabilities in connection with acquired businesses for which we are not indemnified, all of which risks are present in the Animatics acquisition;\u003cbr /\u003e\r\nxv. our dependence on our management team and key personnel;\u003cbr /\u003e\r\nxvi. the possibility of a catastrophic loss of one or more of our manufacturing facilities;\u003cbr /\u003e\r\nxvii. the possibility that future terror attacks, war or other civil disturbances could negatively impact our business;\u003cbr /\u003e\r\nxviii. that our operations in foreign countries could expose us to political risks and adverse changes in local, legal, tax and regulatory schemes;\u003cbr /\u003e\r\nxix. the possibility that government regulation could limit our ability to sell our products outside the United States;\u003cbr /\u003e\r\nxx. product quality or patient safety issues with respect to our medical devices business that could lead to product recalls, withdrawal from certain markets, delays in the introduction of new products, sanctions, litigation, declining sales or actions of regulatory bodies and government authorities;\u003cbr /\u003e\r\nxxi. the impact of product liability claims related to our products used in applications where failure can result in significant property damage, injury or death and in damage to our reputation;\u003cbr /\u003e\r\nxxii. changes in medical reimbursement rates of insurers to medical service providers, which could affect sales of our medical products;\u003cbr /\u003e\r\nxxiii. the possibility that litigation results may be unfavorable to us;\u003cbr /\u003e\r\nxxiv. our ability to adequately enforce our intellectual property rights and the possibility that third parties will assert intellectual property rights that prevent or restrict our ability to manufacture, sell, distribute or use our products or technology;\u003cbr /\u003e\r\nxxv. foreign currency fluctuations in those countries in which we do business and other risks associated with international operations;\u003cbr /\u003e\r\nxxvi. the cost of compliance with environmental laws;\u003cbr /\u003e\r\nxxvii. the risk of losses resulting from maintaining significant amounts of cash and cash equivalents at financial institutions that are in excess of amounts insured by governments;\u003cbr /\u003e\r\nxxviii. our ability to meet the restrictive covenants under our credit facilities since a breach of any of these covenants could result in a default under our credit agreements; and our customers’ inability to continue operations or to pay us due to adverse economic conditions or their inability to access available credit.\u003c/p\u003e\r\n","tags":["moog-news-and-events:category/corporate-press-releases","moog-news-and-events:type/operating-group/industrial","moog-news-and-events:industry/industrial-machinery","moog-news-and-events:product/motors-and-servomotors"],"categories":[{"left":"Corporate Press Releases","right":"moog-news-and-events:category/corporate-press-releases"},{"left":"Industrial","right":"moog-news-and-events:type/operating-group/industrial"},{"left":"Industrial Machinery","right":"moog-news-and-events:industry/industrial-machinery"},{"left":"Motors \u0026 Servomotors","right":"moog-news-and-events:product/motors-and-servomotors"}],"ctaUrl":"https://www.moog.com/news/corporate-press-releases/2011/moog-acquires-animatics.html","isExternal":false,"containsLocation":false,"target":"_parent"}]"> <div class="filters row justify-content-center align-items-center "> <div class="tagged-filters 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