Moog Inc.: Initiation Of Coverage – Can It Capitalize On The Expanded Defense Market Opportunities?

Moog Inc.’s third quarter fiscal year 2024 earnings brought forth a mix of robust financial results and strategic updates that reflected both the opportunities and challenges faced by the company. The overall financial health of the company improved, as highlighted by a significant 40% increase in adjusted diluted earnings per share compared to the previous year, driven by heightened sales and better operating margins.