Sales Performance - Net sales increased by 6% to $910 million in Q1 2025 compared to $857 million in Q1 2024[3] - Space and Defense sales increased by 8% to $248 million, supported by broad-based demand[7] - Military Aircraft sales grew by 15% to $213 million, driven by the FLRAA program and new production programs[7] - Commercial Aircraft sales increased by 14% to $221 million, reflecting strong repair activity and initial provisioning of spares[7] - Industrial sales decreased by 7% to $228 million, half due to divestitures[7] Earnings and Profitability - Adjusted diluted earnings per share rose by 16% to $1.78 in Q1 2025 from $1.53 in Q1 2024[3] - Adjusted operating margin increased by 50 basis points to 11.8% in Q1 2025 from 11.3% in Q1 2024[3] - Space and Defense operating profit increased to $29.5 million (11.9% margin) in Q4 2024 from $25.3 million (11.0% margin) in Q4 2023[24] - Military Aircraft operating profit rose to $23.5 million (11.0% margin) in Q4 2024 compared to $19.6 million (10.5% margin) in Q4 2023[24] - Commercial Aircraft operating profit grew to $24.2 million (11.0% margin) in Q4 2024 from $20.6 million (10.6% margin) in Q4 2023[24] - Industrial operating profit increased to $30.0 million (13.2% margin) in Q4 2024 from $30.9 million (12.6% margin) in Q4 2023[24] - Total adjusted operating profit reached $107.2 million (11.8% margin) in Q4 2024, up from $96.4 million (11.3% margin) in Q4 2023[24] Cash Flow and Liquidity - Free cash flow was a use of $165 million in Q1 2025, driven by working capital requirements[10] - Cash and cash equivalents increased to $73.4 million in Q4 2024 from $61.7 million in Q3 2024[26] - Receivables grew to $472.3 million in Q4 2024 from $420.0 million in Q3 2024[26] - Inventories increased to $886.1 million in Q4 2024 from $863.7 million in Q3 2024[26] - Net cash used by operating activities was $132.3 million in Q4 2024 compared to $60.4 million provided in Q4 2023[28] - Free cash flow was negative $165.1 million in Q4 2024 compared to negative $2.0 million in Q4 2023[29] Guidance and Bookings - FY 2025 guidance projects net sales of $3.7 billion and adjusted diluted earnings per share of $8.20[11] - Bookings reached $1.3 billion, driven by record orders in Space and Defense and strong orders in Commercial Aircraft[6]
Moog(MOG_A) - 2025 Q1 - Quarterly Results