Moog's Third Quarter EPS Increased 22%

EAST AURORA, N.Y., July 25 /PRNewswire-FirstCall/ -- Moog Inc. (NYSE: MOG.A and MOG.B) announced today third quarter earnings of $31.1 million, or $.72 per share, an increase of 22% over $.59 per share a year ago. On a year-to-date basis, Moog's earnings per share were $2.02, up 17% from $1.72 in the year previous. Sales for the quarter of $497 million were up 23% from $404 million last year. Sales year-to-date of $1.412 billion were also up 23%. Aircraft sales in the quarter of $175 million were up 17%. The increase was all in military aircraft. Sales were up on the F-35 Joint Strike Fighter and the V-22 Tilt Rotor. Military aftermarket sales at $33 million were up 32% from a year ago. Commercial aircraft sales in the quarter were almost the same as a year ago. Increased sales on business jets offset reduced sales on the... [read full story]