10-Q quarterly report · filed Jul 30, 2014

Moog Inc (MOG-A) Q2 2014 10-Q Quarterly Report

Short answer

Moog Inc (MOG-A) filed its Q2 2014 10-Q quarterly report on Jul 30, 2014 for the quarter ended Jun 28, 2014.

Moog Inc Q2 2014 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $683.7M, up $13.1M YoY from $670.6M, with all growth organic
  • Gross margin 29.6% vs 29.6% YoY, net earnings $48.1M vs $34.2M
  • Best segment Space and Defense Controls: sales $102.5M, operating margin 8.5% vs 6.7%
  • Worst segment Medical Devices: sales $28.7M, down $9.3M, operating margin 8.2% vs negative 7.3%
  • Operating cash flow $210.0M, up $49.5M; $141M share repurchases and $58M capital expenditures in nine months
  • 2014 outlook: sales $2.65B, operating margin 11.2%; headwinds from defense spending, Medical Devices declines and ERP startup costs

Risk Factors

  • No material risk-factor changes identified in the provided 10-Q text
  • Debt refinancing risk: securitization program maturity on February 13, 2015 with $100,000 outstanding
  • Interest-rate risk: $320,000 of swaps convert variable-rate debt to fixed rates at 1.8%
  • Foreign-currency risk: $220,734 in nondesignated forward contracts hedge intercompany exposures
  • Environmental compliance risk: Superfund proceedings and other governmental environmental matters remain pending

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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