Business Services Industry
Elma, N.Y., Aerospace Company Moog Inc. Posts 4.4 Percent Gain in Earnings.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, April, 2000 by Linstedt, Sharon
Apr. 25--Despite a general slump in the commercial aircraft market, local aerospace company Moog Inc. reported a 4.4 percent increase in its second-quarter earnings.
Moog reported a second-quarter profit Monday of $6.3 million, or 70 cents per share, compared to $6 million, or 66 cents per share, in the prior year's quarter. Overall, sales for the quarter totaled $161 million, down slightly from $162 million a year earlier.
Robert Brady, Moog chairman and CEO, credited the Elma company's "balanced portfolio" with giving the company its 23rd consecutive quarter of improved earnings. "Our industrial and military aircraft businesses are doing very nicely these days, so we have the good fortune of having a balanced portfolio at a time when Boeing...
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