Moog Inc (MOG-A) Q3 2016 10-Q Quarterly Earnings

Short answer

Moog Inc (MOG-A) filed its Q3 2016 10-Q quarterly report on Aug 1, 2016 for the quarter ended Jul 2, 2016.

AI summary of MD&A and risk factor updates

Q3 net sales down $21M, 3% YoY, driven by Components down $20M and Space and Defense Controls down $5M
Q3 gross margin 29.9% vs 30.0% YoY, effective tax rate 30.9% vs 28.4%
Best segment Space and Defense Controls: operating margin 15.1% vs 6.5%; worst Components: sales down 18%, operating margin 11.7% vs 13.3%
Cash balance $394M; nine-month operating cash flow down 22%, capital expenditures $43M, acquisition payment $11M
2016 outlook: sales down 4% to $2.42B, operating margin 9.7%; headwinds from energy, industrial markets, satellite declines and foreign currencies

No risk-factors section or material-change disclosure included in provided filing text
Operational risk: restructuring and product-line exit affected Aircraft Controls, Components and Industrial Systems
Financial risk: long-term debt $1,108,622, including $688,100 under revolving credit facility
Market risk: foreign-currency translation loss $33,683 for nine months ended July 2, 2016
Acquisition risk: Linear Mold purchase included redeemable 30% noncontrolling interest exercisable after three years

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

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