Moog Inc. Reports Consolidated Earnings Results for the First Quarter Ended December 29, 2012; Revises Earnings Guidance for the Year 2013
The company revised earnings guidance for the year 2013. The company's revised forecast includes sales of $2.62 billion, a net earnings range of $160 million to $165 million and a range of $3.50 to $3.60 for earnings per share. The midpoint of the range, at $3.55, represents a 7% increase in EPS. The company is now forecasting its effective tax rate for all of fiscal 2013 to be 30%, 30.0%, down slightly from its forecast of 30.6% 3 months ago. The company is leaving its forecast for CapEx and depreciation and amortization for all of fiscal 2013 unchanged at $105 million and $114 million, respectively.