Moog reports 6% increase in Q3 2016 EPS

Moog Inc. (NYSE: MOG.A) (NYSE: MOG.B) has reported third quarter 2016 earnings per share of USD1.00, up 6.0 percent from a year ago on slightly lower sales of USD613 million, the company said.

Cash flow from operating activities was USD82 million, while net earnings were flat at USD36 million.

Total aircraft controls sales in the quarter were USD274 million, up one percent from a year ago. Commercial aircraft sales of USD140 million were up 8.0 percent. Sales of OEM products to Airbus increased 45 percent, to USD28 million, on the A350 production ramp up.

Military aircraft sales of USD134 million were 5.0 percent lower year over year. OEM sales were down 6.0 percent, to USD84 million, due to declines in V-22 tilt rotor and Black Hawk helicopter sales. F-35 production sales were seven percent higher.

Space and defense segment sales were USD91 million, 5.0 percent lower than last year. Space sales were USD44 million, a decrease of 8.0 percent due to lower sales of avionics and components. Defense sales were USD47 million, down marginally due to slower military vehicle sales.

Sales in the company´s industrial systems segment were flat at USD130 million. Components segment sales, at USD92 million, were 18 percent lower than last year. Sales of aerospace and defense products were USD42 million, down 14 percent.

The medical devices segment had sales of USD26 million, up 1.0 percent, on increased sales of enteral pumps and administration sets.

Moog Inc. is a worldwide designer, manufacturer and integrator of precision control components and systems that control military and commercial aircraft, satellites and space vehicles.