Revenue during the quarter went down marginally by 0.67 percent to $619.08 million from $623.22 million in the previous year period. Gross margin for the quarter contracted 2 basis points over the previous year period to 30.25 percent. Total expenses were 91.32 percent of quarterly revenues, down from 91.93 percent for the same period last year. This has led to an improvement of 61 basis points in operating margin to 8.68 percent.

Operating income for the quarter was $53.71 million, compared with $50.29 million in the previous year period.

“Q4 was a strong finish to a challenging fiscal 2016,” said John Scannell, chairman and chief executive officer. “Like many companies, we’re faced with a slow-growth environment and we responded with restructuring activities, on-going portfolio adjustments and continued investment for the long term. Our underlying operations performed well despite significant challenges in the year and we’re optimistic that the actions we've taken will lead to long-term performance improvements.”

Moog expects revenue to be $2,440 million for fiscal year 2017. For fiscal year 2017, the company projects operating income to grow at 10.30 percent. For fiscal year 2017, the company projects diluted earnings per share to be $3.50.

The company has spent $76.97 million cash to meet investing activities during the year as against cash outgo of $67.60 million in the last year.

The company has spent $119.86 million cash to carry out financing activities during the year as against cash outgo of $166 million in the last year period.

Cash and cash equivalents stood at $325.13 million as on Oct. 01, 2016, up 4.93 percent or $15.27 million from $309.85 million on Oct. 03, 2015.

Working capital remains almost stable
Moog Inc has recorded an increase in the working capital over the last year. It stood at $1,030.92 million as at Oct. 01, 2016, up 0.87 percent or $8.93 million from $1,021.99 million on Oct. 03, 2015. Current ratio was at 2.75 as on Oct. 01, 2016, up from 2.69 on Oct. 03, 2015.