Moog Inc falls on lower adj profit in Q2

Moog

28/04/2023 20:59

** Shares of aerospace systems manufacturer Moog Inc  MoGa.N  down about 3.9% at $89.56
    ** Reports Q2 adj EPS of $1.42 vs $1.49 a year earlier
    ** Says during the reported quarter $7 mln of higher interest expense was partially offset
by increased operating profit 
    ** Lowers 2023 outlook for free cash flow to zero from previous view of $100 mln
    ** Posts Q2 adj operating margin of 10.4% vs 10.6% a year ago 
    ** Q2 net sales were $837 mln, up 9% from a year ago
    ** MOGa.N up about 1.2% YTD

 (Reporting by Vaibhav Sadhamta)
 ((Vaibhav.Sadhamta@thomsonreuters.com;))