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 expanded by 50 basis points to 11.8% in Q1 2025, driven by simplification initiatives[9] - Space and Defense operating profit increased to $29.5 million in Q4 2024, up from $25.3 million in Q4 2023, with an adjusted margin of 11.9% compared to 11.0%[24] - Military Aircraft operating profit rose to $23.5 million in Q4 2024, up from $19.6 million in Q4 2023, with an adjusted margin of 11.0% compared to 10.5%[24] - Commercial Aircraft operating profit reached $24.2 million in Q4 2024, up from $20.6 million in Q4 2023, with a margin of 11.0% compared to 10.6%[24] - Industrial operating profit increased to $30.0 million in Q4 2024, up from $30.9 million in Q4 2023, with an adjusted margin of 13.2% compared to 12.6%[24] - Total adjusted operating profit for Q4 2024 was $107.2 million, up from $96.4 million in Q4 2023, with a margin of 11.8% compared to 11.3%[24] - Adjusted net earnings for Q4 2024 were $57.7 million, up from $49.2 million in Q4 2023[29] Cash Flow and Liquidity - Free cash flow was a use of $165 million in Q1 2025, primarily due to working capital requirements[10] - Cash and cash equivalents increased to $73.4 million in Q4 2024, up from $61.7 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] - Free cash flow conversion was negative 286% in Q4 2024, compared to negative 4% 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_B) - 2025 Q1 - Quarterly Results