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Moog Inc. (symbol: MOGA) is a prominent aerospace and defense company known for its innovative technologies and engineering solutions. Established in 1951, Moog has a rich history of providing advanced motion control systems for a variety of industries, including aerospace, defense, industrial, and medical markets.
Moog’s core business revolves around the design, manufacture, and integration of precision control components and systems. The company’s product range includes high-performance actuators, flight simulation and test equipment, and control electronics. These products play crucial roles in aircraft, space vehicles, defense systems, and industrial machinery.
Recent achievements for Moog include the development of next-generation flight control systems and significant contributions to space exploration missions. Moog's technology was integral to the success of NASA’s Mars Rover mission, highlighting the company's expertise in creating robust and reliable systems for extreme environments.
Currently, Moog is engaged in several high-profile projects, including collaboration with leading aerospace manufacturers to enhance aircraft performance and safety. Financially, Moog continues to show strong performance with stable revenue growth and healthy profit margins, supported by long-term contracts and a diversified product portfolio.
Partnerships are a key component of Moog’s strategy. The company collaborates with industry leaders to advance technology and deliver comprehensive solutions. Moog’s partnerships extend to government agencies, defense contractors, and commercial enterprises, ensuring a broad market reach.
Moog’s products are recognized for their quality and reliability. The company's dedication to research and development drives continuous innovation, maintaining its position at the forefront of motion control technology.
For investors and stakeholders, keeping up with Moog’s latest news and developments is essential. Recent updates include new contract wins, technological advancements, and strategic initiatives aimed at expanding Moog’s market presence and improving operational efficiency. Stay informed by following the latest news and reports from Moog Inc.
Moog Inc. (NYSE: MOG.A, MOG.B) will announce its fiscal Q2 2021 earnings for the period ending April 3, 2021, on April 30, 2021. A conference call will take place at 10:00 a.m. ET, featuring Chairman and CEO John Scannell and CFO Jennifer Walter. The call will be accessible live online, with supplemental data available approximately 90 minutes before the call. Moog specializes in precision control components and systems for various applications, including military and commercial aviation and industrial machinery.
Moog Inc. (NYSE: MOG.A, MOG.B) announced its pivotal role in NASA's Perseverance Rover mission. The company's space products, including throttle valve assemblies and actuators, were instrumental in the Rover's successful landing in Jezero Crater. The mission launched on July 30, 2020, and Moog technology will continue supporting the Rover's operations, ensuring longevity in sampling Martian soil over a Mars year.
Company executives expressed pride in their team's contributions to this landmark achievement in space exploration.
The Board of Directors of Moog has declared a quarterly dividend of $0.25 per share on Class A and Class B common stock, amounting to approximately $8 million in cash. This dividend will be paid on March 1, 2021, to shareholders on record as of February 12, 2021.
The continuation of future dividends depends on the Board's discretion and the company's financial performance.
Moog Inc. (NYSE: MOG.A and MOG.B) reported Q1 financial results for the period ending January 2, 2021. Sales totaled $684 million, a 9% decline from the previous year. Diluted EPS was $1.17, down 19%, but 34% higher than the average adjusted EPS from the second half of FY 2020. The company completed the acquisition of Genesys Aerosystems, while generating $94 million in cash flow from operations, up 123%. Consolidated backlog stands at $1.9 billion, a 14% increase year over year.
Moog will release its first quarter fiscal 2021 earnings on January 29, 2021, for the period ending January 2, 2021. A conference call will follow at 10:00 a.m. ET, featuring John Scannell, Chairman and CEO, and Jennifer Walter, CFO. The call can be accessed live or in replay mode on Moog's investor website. Supplemental data will be available approximately 90 minutes before the call and archived for 45 days. Moog Inc. is recognized as a global leader in precision control systems, serving various sectors including military and commercial aerospace.
Moog announced its acquisition of Genesys Aerosystems Group for approximately $77.7 million. This acquisition, which includes subsidiaries S-Tec Corporation and Genesys Aerosystems, aims to enhance Moog's Aircraft Controls Segment. Genesys, with over 40 years of experience, specializes in electronic flight instrument systems and autopilot solutions for various aircraft. Moog anticipates synergies between the two businesses, positioning them for future growth in avionics while focusing on customer satisfaction.
Moog Inc. announced the approval of a share repurchase program allowing the acquisition of up to 3,000,000 shares of its Class A and Class B common stock. This decision follows a successful fiscal year 2020, where the company returned $215 million to shareholders through buybacks. Repurchase timing will depend on various factors, including market conditions. CEO John Scannell emphasized strong cash flow as a key factor in continuing this initiative to enhance shareholder value.
The Board of Directors of Moog has declared a quarterly dividend of $.25 per share on Class A and Class B common stock, totaling approximately $8 million. This dividend is payable on December 7, 2020, to shareholders of record by November 20, 2020. Future dividends depend on the Board's discretion and company performance. Moog operates in precision control components and systems across various sectors, including military and commercial applications.
Moog announced its financial results for Q4 and fiscal year ended October 3, 2020. Q4 sales were $707 million, an 8% decline year-over-year, with a GAAP diluted loss per share of ($2.40). Full-year sales reached $2.9 billion, down 1%, with a GAAP diluted EPS of $0.28. The Aircraft Controls segment saw a 19% sales drop in Q4, while Military OEM aircraft sales rose 21%. The Space and Defense segment achieved a 9% increase in Q4 sales. Moog did not provide guidance for fiscal 2021 due to pandemic uncertainties. Total backlog increased to $2.6 billion.
Moog Inc. (NYSE: MOG.A and MOG.B) will announce its fourth quarter and year-end earnings for the period ending October 3, 2020, on November 6, 2020. A conference call, led by CEO John Scannell and CFO Jennifer Walter, will commence at 10:00 a.m. ET, accessible via their website. Supplemental data will be available online about 90 minutes before the call, and recorded replays will be archived for 45 days. Moog specializes in precision control systems across various industries, including military, aerospace, and medical.
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