10-Q quarterly report · filed Apr 26, 2019

Moog Inc (MOG-A) Q1 2019 10-Q Quarterly Report

Short answer

Moog Inc (MOG-A) filed its Q1 2019 10-Q quarterly report on Apr 26, 2019 for the quarter ended Mar 30, 2019.

Moog Inc Q1 2019 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly net sales $1,398 million vs $1,317 million YoY
  • Gross margin 27.5% vs 28.0%, affected by a $10 million Aircraft Controls supplier-quality charge
  • Best segment Space and Defense Controls, operating margin 12.4% vs 11.9%; worst Aircraft Controls, 8.5% vs 10.9%
  • Cash balances $112 million; operating cash flow increased, while capital expenditures rose $16 million
  • 2019 EPS guidance $4.85-$5.25; defense and commercial OEM growth expected, with currency weakness and supplier-quality costs as headwinds

Risk Factors

  • Risk Factors section not provided, preventing identification of newly added or materially changed risks
  • Accounting adoption risk: ASU 2016-02 leases planned for Q1 2020, financial statement effects under evaluation
  • Hedging accounting risk: ASU 2017-12 planned for Q1 2020, disclosure and presentation effects under evaluation
  • Cash liquidity risk: ending cash, cash equivalents and restricted cash of $112.072 million
  • Foreign exchange risk: exchange-rate changes affected cash by $11.418 million in the comparative period

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

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