What does industrial systems — goodwill impairment mean?

A write-down of the value of previously acquired businesses due to poor performance.

How do you interpret industrial systems — goodwill impairment?

An increase signals that previous acquisitions are underperforming or that market conditions have deteriorated for that segment.

How does industrial systems — goodwill impairment compare across companies?

Commonly monitored by investors to assess the success of historical M&A strategies.

Moog Inc. MOG.B Industrial Systems — Goodwill Impairment

Discontinued — last reported Q4 '16

Similar metrics at other companies

RRXIndustrial Systems — Goodwill, impairment loss

$57.3M—

RRXCommercialand Industrial Systems — Goodwill Impairment

$0—

RRXIndustrial Systems — Goodwill Impairment

$57.3M—

GGGIndustrial — Goodwill, Impairment Loss

$0—

FSLRSystems — Goodwill Impairment

$17.2M—

MODCommercial And Industrial Solutions — Goodwill Impairment

$0—

Other financials

Income statement

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Revenue$1.1B+12.6%

Gross profit$287.6M+11.1%

Net income$81.8M+49.9%

EPS (diluted)$2.55+49.1%

Balance sheet

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Cash & equivalents$307.6M+390%

Total debt$1.5B+6.9%

Total equity$2.1B+16.4%

Total assets$4.9B+13.8%

Cash flow

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Operating cash flow$129.6M+224%

CapEx$31.8M-15.4%

Free cash flow$97.8M—

Valuation

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Market cap$13.64B+85.6%

Enterprise value$14.79B+66.6%

P/E48.1×+13.7×

P/S3.3×+1.3×

Profitability

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Gross margin27.4%-0.4pp

Net margin6.8%+1.0pp

FCF margin-3.9%—

Returns & leverage

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Return on equity14.5%+2.4pp

Debt / equity0.7×-0.1×

Current ratio1.7×-0.7×

Where this comes from

Reported directly by Moog Inc. in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Moog Inc.’s 10-K, filed November 13, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does industrial systems — goodwill impairment mean?: A write-down of the value of previously acquired businesses due to poor performance.
How do you interpret industrial systems — goodwill impairment?: An increase signals that previous acquisitions are underperforming or that market conditions have deteriorated for that segment.
How does industrial systems — goodwill impairment compare across companies?: Commonly monitored by investors to assess the success of historical M&A strategies.