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Article: Moog Reports Fiscal '09 Fourth Quarter and Year-End Earnings.
- Article from:
- PR Newswire
- Article date:
- November 5, 2009
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EAST AURORA, N.Y., Nov. 5 /PRNewswire-FirstCall/ -- Moog Inc. announced today fiscal year 2009 sales of $1.849 billion, net earnings of $85 million and earnings per share of $1.98. The Company's sales and earnings were both impacted by the global recession. Sales for the year were down 3% and earnings were down 29% compared to last year.
For the fourth quarter, sales of $504 million were up 3% from last year, while net earnings of $15.2 million and earnings per share of $.35 were just about half of last year's earnings levels. Earnings in the quarter were impacted by a higher cost sales mix and a $5 million charge for restructuring expense.
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