Moog Annual Report 2022 122022 - Flipbook - Page 3
FINANCIAL HIGHLIGHTS
RECENT FINANCIAL PERFORMANCE
FISCAL YEAR 2022
(Dollars and shares in millions, except per share data)
2022
2021
$ 3,036
$ 2,852
NET EARNINGS
$ 155
$ 157
ADJUSTED NET EARNINGS*
$ 179
$ 158
DILUTED EARNINGS PER SHARE*
$ 4.83
$ 4.87
ADJUSTED EARNINGS PER SHARE
$ 5.56
$ 4.88
REVENUE BY SEGMENT
EQUITY MARKET CAPITALIZATION +
$ 2,239
$ 2,517
AVERAGE SHARES OUTSTANDING
32.1
32.3
●
●
●
NET SALES
+
Measured as of fiscal year end
SALES (Dollars in millions)
AIRCRAFT CONTROLS
41%
INDUSTRIAL SYSTEMS
30%
SPACE AND DEFENSE CONTROLS
29%
$ 3,500
$ 3,000
$ 2,500
$ 2,709
$ 2,905
$ 2,885
$ 3,036
$ 2,852
$ 2,000
$ 1,500
$ 1,000
REVENUE BY MARKET
$ 500
$0
2018
2019
2020
FISCAL YEAR
2021
2022
DILUTED EARNINGS PER SHARE (In dollars)
$ 1.00
$ 0.00
$ 4.83
$ 4.88
$ 4.87
$ 4.81
DEFENSE
42%
INDUSTRIAL AUTOMATION
22%
COMMERCIAL AIRCRAFT
17%
SPACE
11%
MEDICAL
8%
$ 0.28
$ 2.00
$ 2.64
$ 3.00
$ 4.96
$ 4.00
$ 4.96
$ 4.57
$ 5.00
$ 5.56
$ 6.00
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2018*
2019
As Reported EPS Adjusted EPS
2020*
FISCAL YEAR
2021*
2022*
*2018 adjusted EPS of $4.57 excludes the impact of charges associated with portfolio shaping and special impacts from the U.S. Tax Act.
*2020 adjusted EPS of $4.81 excludes the impact of charges associated with COVID-19 pandemic ($1.68) and pension settlement accounting ($2.85).
*2021 adjusted EPS of $4.88 excludes a pension curtailment gain $0.18 and various impairments ($0.17).
*2022 adjusted EPS of $5.56 excludes the impact of charges associated with various impairments and portfolio shaping activities ($0.73).
Financial results for fiscal year 2022 are available in Moog’s 10-K. The report was filed on November 14, 2022, pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934 for the fiscal year ended October 1, 2022.The 10-K can be viewed at www.moog.com/investors/sec-filings/10-ks.
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REVENUE BY MARKET DISTRIBUTION
●
●
●
INDUSTRIAL AND COMMERCIAL
50%
U.S.MILITARY AND GOVERNMENT FUNDED 42%
FOREIGN GOVERNMENT
8%
Moog’s geographic revenue distribution is 67% U.S. and 33% international.