Moog Results Reflect Impact – Analyst Blog
Zacks Market Commentaries (April 27th, 2009) Writes:
Impacted by the effects of the global economic recession, particularly on its Industrial Systems business, Moog Inc. (MOG.A) reported a down -- albeit still nicely profitable -- fiscal 2009 second quarter with EPS of 55¢ versus 66¢, on sales of $453.3 million as compared to $466.8 million.Overall Net Sales were down by 3.3%. By segment: Aircraft Controls Sales of $162.0 million and Components Sales of $84.5 million were both up marginally by 0.3%; Space & Defense Controls Sales of $68.3 million were off by 2.5%; Industrial Controls Sales were down significantly by 19.7% to $104.5 million; and Medical Devices Sales of $34.0 million were up a whopping 49.5%, primarily because the recent AITECS and Ethox acquisitions contributed $6.7 million to Sales this year and nothing last year.Within Aircraft Controls, Military Aircraft Sales of $106.8 million were up by 9.2%, while Commercial Aircraft Sales declined ...


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