Financial Performance - Moog Inc. reported record net sales of $971 million for Q3 2025, a 7% increase from $905 million in Q3 2024[2][3]. - Diluted earnings per share reached $1.87, up 7% from $1.74 in the prior year, while adjusted diluted earnings per share increased by 24% to $2.37[2][3][6]. - The operating profit for the three months ended June 28, 2025, was $111,867,000, compared to $105,380,000 for the same period in 2024, reflecting an increase of about 6.4%[26]. - Moog Inc. achieved net earnings of $75,513,000 for the three months ended June 28, 2025, compared to $62,010,000 for the same period in 2024, marking an increase of approximately 21.8%[21]. - The total operating profit for the nine months ended June 28, 2025, was $322,331,000, compared to $311,928,000 for the same period in 2024, reflecting a growth of about 3.3%[26]. - Net earnings for the nine months ended June 28, 2025, were $168,574 thousand, compared to $164,175 thousand for the same period in 2024, reflecting a year-over-year increase of about 2.9%[33]. Backlog and Guidance - The twelve-month backlog hit a record $2.7 billion, primarily driven by Military Aircraft and Space and Defense sectors[6]. - Moog Inc. has updated its FY 2025 guidance, projecting net sales of $3.8 billion, up from the previous estimate of $3.7 billion[11]. - The company anticipates a diluted net earnings per share of $7.44 for FY 2025, down from the previous guidance of $7.89[11]. Segment Performance - Sales in the Commercial Aircraft segment increased by 16%, while Space and Defense sales grew by 11%[7]. - The Space and Defense segment reported an operating profit margin of 13.3% for the three months ended June 28, 2025, slightly up from 12.6% in the same period of 2024[26]. - The Military Aircraft segment's operating profit for the three months ended June 28, 2025, was $17,994,000, down from $23,965,000 in the same period of 2024, indicating a decline of approximately 25.0%[26]. - The Industrial segment reported net sales of $239,560,000 for the three months ended June 28, 2025, a decrease from $249,784,000 in the same period of 2024, representing a decline of about 4.1%[26]. Cash Flow and Assets - Free cash flow improved to $93 million, with a conversion rate exceeding 120%[10][6]. - Free cash flow for the nine months ended June 28, 2025, was $(70,578) thousand, compared to $(88,061) thousand for the same period in 2024, indicating an improvement of approximately 20.0%[35]. - Cash and cash equivalents at the end of the period were $59,014 thousand, an increase from $51,518 thousand in June 2024, marking a growth of about 14.5%[33]. - Total assets increased to $4,396,574 thousand in June 2025, up from $4,093,626 thousand in September 2024, representing a growth of approximately 7.4%[31]. Liabilities and Equity - Total current liabilities decreased slightly to $988,614 thousand in June 2025 from $999,027 thousand in September 2024, a reduction of approximately 1.4%[31]. - Long-term debt, excluding current installments, rose to $1,081,674 thousand in June 2025, up from $874,139 thousand in September 2024, representing an increase of about 23.7%[31]. - Total shareholders' equity increased to $1,943,701 thousand in June 2025, up from $1,860,633 thousand in September 2024, indicating a growth of approximately 4.5%[31]. Operating Margins - The adjusted operating margin rose to 13.6%, an increase of 130 basis points from 12.3% in the previous year[3][9]. - Operating margin for Q3 2025 was 11.5%, a slight decrease of 10 basis points from the prior year[3][8]. - Moog Inc. adjusted its total operating profit to $131,680,000 for the three months ended June 28, 2025, compared to $111,309,000 for the same period in 2024, reflecting an increase of approximately 18.3%[28]. Tax and Depreciation - The effective income tax rate for the three months ended June 28, 2025, was 22.8%, compared to 19.3% for the same period in 2024[21]. - The company reported a depreciation expense of $69,292 thousand for the nine months ended June 28, 2025, compared to $64,302 thousand for the same period in 2024, reflecting an increase of about 7.8%[33].
Moog(MOG_A) - 2025 Q3 - Quarterly Results