10-Q quarterly report · filed May 4, 2015

Moog Inc (MOG-A) Q2 2015 10-Q Quarterly Report

Short answer

Moog Inc (MOG-A) filed its Q2 2015 10-Q quarterly report on May 4, 2015 for the quarter ended Apr 4, 2015.

Moog Inc Q2 2015 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $637.2M, down $12.6M, 2% YoY
  • Gross margin 27.2% vs 30.3% YoY, net earnings $32.1M vs $37.7M
  • Best segment Medical Devices: sales $31.7M, up $4.3M, operating margin 8.4% vs 5.0%
  • Worst segment Industrial Systems: sales $129.1M, down $22.1M, operating profit $12.7M, down 15% YoY
  • Operating cash flow $131.5M, cash balance $262M, $186M stock repurchases, 2015 sales guidance $2.54B and operating margin 10.6%

Risk Factors

  • Goodwill impairment risk: Medical Devices fair value only 10% above carrying value, with $85 million goodwill
  • Goodwill impairment risk: Aircraft Controls fair value only 11% above carrying value, with $36 million goodwill
  • Regulatory risk: Healthcare legislation and private insurance changes could reduce Medical Devices fair value
  • Market risk: Government funding uncertainty and lost or delayed contracts could reduce Aircraft Controls revenue
  • Financial risk: Interest expense increased to $13.0 million from $7.6 million for six months

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

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