Reports Q1 revenue $760.1M, consensus $781M. "I’m pleased by our strong financial performance and how our employees, together, overcame many constraints to meet our increased customer demand," said Pat Roche, CEO. "As the new CEO, I am very excited for the future of Moog. We have a solid core business with positive growth drivers, and we are creating new opportunities by entering new markets and redefining our position in existing markets. My focus will be on organic growth and simplifying our business to enhance margins. I’m confident this will drive shareholder value."
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Read More on MOG.A:
- Moog price target raised to $85 from $80 at Truist
- Moog price target raised to $122 from $107 at Cowen
- Moog downgraded to Underweight from Equal Weight at Morgan Stanley
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