Moog Inc (MOG-A) Q4 2016 10-Q Quarterly Earnings

Short answer

Moog Inc (MOG-A) filed its Q4 2016 10-Q quarterly report on Jan 31, 2017 for the quarter ended Dec 31, 2016.

AI summary of MD&A and risk factor updates

Net sales increased YoY, but quarterly dollar amounts were omitted from the filing text
Gross margin 29.3% vs 28.4% YoY, effective tax rate 17.6% vs 26.6%
Components strongest: margin 9.9% vs 7.5%; Industrial Systems weakest, sales down $13 million and margin 9.5% vs 10.9%
Cash balance $332 million; operating cash flow increased, capital expenditures $15 million, credit facility net payments
2017 sales guidance $2.4 billion, operating margin 10.0% vs 9.9%; Industrial Systems decline and European space-business losses as headwinds

Newly initiated restructuring: Aircraft Controls product-line exit and U.K. facility closure, with $5,677 accrued for the 2016 plan
Most material operational update: workforce reductions across Canada, Europe and the U.S. following weaker market outlook
Contract risk: customer disputes and government budgetary pressures could trigger additional loss provisions
Regulatory risk: pending Superfund environmental proceedings, with reserves established for estimated costs
Financial exposure: $19,959 of standby letters of credit outstanding at December 31, 2016

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

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