Moog Non-GAAP EPS of $1.42 in-line, revenue of $837M beats by $47.6M
- Moog press release (NYSE:MOG.A): Q2 Non-GAAP EPS of $1.42 in-line.
- Revenue of $837M (+8.6% Y/Y) beats by $47.6M.
- 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%.
Reiterates full year adjusted 2023 earnings per share guidance
FY23 Guidance: Sales of $3.19 billion vs. consensus of $3.17B; Full year operating margin of 11.1% from prior 11.2%; Diluted EPS of $5.81, Adj earning per share of $5.70 vs. consensus of $5.68.