Moog Inc. reported consolidated earnings results for the first quarter ended December 31, 2011. For the quarter, the company reported net sales of $600.6 million, earnings before income taxes of $53 million and net earnings of $36.4 million, or $0.80 diluted earnings per share as compared to net sales of $554.4 million, earnings before income taxes of $45.8 million and net earnings of $33.4 million, or $0.73 diluted earnings per share for the same period a year ago. Total operating profit was $70.0 million compared to $63.7 million a year ago. Capex was $27 million. Cash flow was $8 million. Net debt was $12 million against $624 million a year ago. The company provided earnings guidance for the fiscal 2012. The company now projecting improved margins on slightly lower sales and as a result, net earnings guidance of $152 million and earnings per share of $3.31 are unchanged. Capex will be $105 million. Free cash flow will be $110 million. Effective tax rate will be 30.3%.