EAST AURORA, NY -- (Marketwired) -- 11/01/13 --
Moog Inc. (NYSE: MOG.A) (NYSE: MOG.B) announced today fiscal year 2013 sales of $2.61 billion, up 6%. Net earnings of $120 million and EPS of $2.63 were both lower than last year. Fiscal '13 included a $.52 goodwill impairment charge in Medical Devices in the fourth quarter, $.15 of asset write-downs in the third quarter and $.20 of restructuring during the year. Exclusive of those charges, adjusted net earnings of $161 million and adjusted earnings per share of $3.50 were up 5% from a year ago.
For the fourth quarter, sales of $676 million were up 7%. Net earnings at $16 million and earnings per share of $.34, were down from a year ago. Exclusive of the Medical impairment and restructuring charges, fourth quarter adjusted net earnings were $44 million and EPS was $.96, up 5% from last year.
Aircraft Controls sales for the year crossed the billion dollar mark for the first time. Sales of $1.1 billion were up 10%. Commercial aircraft sales were very strong, up 20%. Total military sales were $596 million, up 4%, on K-46 tanker development, F-35 production and aftermarket sales. Military aftermarket sales were $231 million, 8% higher.
In the fourth quarter, Aircraft Controls sales of $276 million increased 9% from the same quarter last year. Commercial revenues increased 23% as production rates for aircraft continue to ramp up. Military aircraft sales were down slightly, at $146 million, on slower OEM deliveries. Military aftermarket sales were marginally higher at $62 million.
Space and Defense sales of $396 million for the year were 10% higher. Sales of controls for spacecraft, payloads and space exploration programs increased 28%, driven by acquisitions and NASA program sales. Defense sales were 5% lower as program deliveries slowed. Security product sales were $48 million. For the fourth quarter, Space and Defense sales mirrored the trend for the year.
Industrial Systems had revenues for the year of $592 million, a 7% decrease from last year. Wind energy sales were down 38% from a year ago as demand in China and Europe declined. Industrial automation sales were down 3%, with most of the underlying markets experiencing softness. Sales for simulation and test equipment were stronger, up 6%. Non-renewable energy product sales were 3% higher. Industrial Systems sales in the fourth quarter were up 2% at $153 million.
Components segment sales were $415 million for the year, up 11%. The growth was in energy, industrial and medical markets with aerospace and defense sales unchanged. Sales for the quarter were a record $105 million. Both the year and fourth quarter sales reflected higher energy and industrial sales because of the Tritech and Aspen Motion Technologies acquisitions.
Medical Devices generated sales of $147 million for the year, up 5% from the year previous on higher pump and administration set sales. For the quarter, sales in Medical Devices of $39 million were up 9% from a year ago.