Moog Inc. reported consolidated earnings results for the first quarter ended December 31, 2016. For the quarter, the company announced net sales of $589.670 million against $568.457 million a year ago. Earnings before income taxes were $36.488 million against $35.655 million a year ago. Net earnings attributable to company were $30.564 million or $0.84 per diluted share against $26.241 million or $0.71 per diluted share a year ago. Net cash provided by operating activities was $50.582 million against net cash used in operating activities of $0.455 million last year. Purchase of property, plant and equipment was $14.849 million against $12.305 million last year.

For the fiscal year 2017, the company forecasts sales of $2.42 billion, up 1% over last year, down $20 million from last quarter's forecast; earnings per share of $3.50, plus or minus $0.20, unchanged from last quarter's forecast; full year operating margins of 10.0%, down slightly from last quarter's forecast due to loss on divestitures; and another year of solid cash flow from operations.