Yahoo Finance Moog Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line
Moog (NYSE:MOG.A) Second Quarter 2024 Results
Key Financial Results
Revenue: US$930.3m (up 11% from 2Q 2023).
Net income: US$60.0m (up 40% from 2Q 2023).
Profit margin: 6.4% (up from 5.1% in 2Q 2023). The increase in margin was driven by higher revenue.
EPS: US$1.88 (up from US$1.35 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Moog Earnings Insights
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Aerospace & Defense industry in the US.
Performance of the American Aerospace & Defense industry.
The company's shares are up 9.5% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Moog that you need to take into consideration.
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