Moog(MOG_B) - 2026 Q1 - Quarterly Results

Financial Performance - Moog Inc. reported record net sales of $1.1 billion for Q1 2026, a 21% increase compared to $908 million in Q1 2025[4] - The company achieved a diluted net earnings per share of $2.46, reflecting a 38% increase from $1.78 in the previous year[2] - Bookings for the quarter totaled $2.3 billion, primarily driven by growth in Commercial Aircraft and new awards in Space and Defense[3] - The twelve-month backlog increased by 30% to a record $3.3 billion, indicating strong demand across all markets[3] - Operating margin improved by 90 basis points to 12.3%, while adjusted operating margin also increased by 90 basis points to 13.0%[5][6] - Operating profit for the total company was $135,446, representing a margin of 12.3%, up from 11.4% in the previous year[24] - The company reported net earnings of $78,851 for the three months ended January 3, 2026, compared to $57,526 in the same period last year[30] Cash Flow and Guidance - Free cash flow was a use of $79 million, an improvement from a use of $166 million in the prior year[7] - Free cash flow for the three months ended January 3, 2026, was $(79,148), with a free cash flow conversion rate of (94)%[31] - The company raised its FY 2026 guidance for net sales to $4.3 billion from the previous $4.2 billion[8] - Adjusted diluted net earnings per share guidance was increased to $10.20, up from $10.00[8] Segment Performance - The Space and Defense segment saw a 31% increase in sales to $324 million, driven by strong defense demand[4] - Space and Defense segment operating profit increased to $42,770, with an adjusted margin of 14.8%, compared to 12.0% in the prior year[26] - Military Aircraft segment reported an operating profit of $28,128, with an adjusted margin of 11.9%, up from 11.3%[26] Balance Sheet - Cash and cash equivalents at the end of the period were $73,794, slightly down from $73,808 at the end of the previous year[30] - Total assets increased to $4,551,893 from $4,426,055 in the previous period[28] - Total liabilities rose to $2,486,093, compared to $2,433,500 in the prior year[28] Interest Expense - Interest expense increased to $17,195 from $16,248 in the previous year[24]