Moog Inc (MOG-A) Q2 2019 10-Q Quarterly Earnings

Short answer

Moog Inc (MOG-A) filed its Q2 2019 10-Q quarterly report on Jul 26, 2019 for the quarter ended Jun 29, 2019.

AI summary of MD&A and risk factor updates

Quarterly net sales $2,139 million vs $2,009 million YoY
Gross margin 28.6% vs 28.6% YoY, SG&A 14.0% vs 14.7% of sales
Space and Defense Controls strongest: operating margin 13.9% vs 11.1%; Industrial Systems sales declined 5%
Cash balances $89 million; operating cash flow increased over nine months, with $120 million 2019 capital expenditure outlook
2019 EPS guidance $4.95 to $5.15; Aircraft Controls margin pressured by higher costs and a $10 million supplier-quality charge

No material risk-factor changes identified: provided text contains financial statements and accounting disclosures, not the 10-Q Risk Factors section
Lease adoption risk: ASU 2016-02 planned for Q1 2020, with material right-of-use asset and lease liability expected
Accounting implementation risk: ASC 606 adoption increased nine-month net earnings by $7,955 thousand
Liquidity risk: cash, cash equivalents and restricted cash declined to $89,045 thousand
Currency risk: exchange-rate changes reduced cash by $2,266 thousand

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

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