Moog Inc

Latest Results (18.11.2025):

Moog Inc. delivered record financial results for the third quarter of 2025, showcasing significant growth in net sales, earnings per share, and free cash flow. The company achieved record net sales of $971 million, with diluted earnings per share at $1.87 and adjusted diluted earnings per share at $2.37. These results, driven by robust demand in Commercial Aircraft, Space and Defense, and Military Aircraft segments, reflect both organic growth and strategic simplification initiatives.

Record Financial Performance

Moog Inc.'s Q3 2025 results set records with net sales reaching $971 million, diluted EPS at $1.87, and adjusted diluted EPS at $2.37. This performance represents a 7% sales increase over Q3 2024 and highlights strong operational execution despite some headwinds in operating margins.

Segment Highlights

The company reported robust growth in key segments: Commercial Aircraft sales increased by 16% driven by aftermarket demand, Space and Defense grew by 11% fueled by satellite components and missile control programs, and Military Aircraft experienced an 8% boost. Meanwhile, Industrial sales saw a 4% decline due to strategic divestitures.

Operating Margin and Adjusted Results

Despite a slight dip in reported operating margin to 11.5% (down 10 basis points), Moog Inc. achieved an adjusted operating margin improvement to 13.6%, up 130 basis points from Q3 2024. Adjustments, including charges related to program termination and simplification initiatives, were effectively offset by benefits from divestitures and a favorable sales mix.

Free Cash Flow and Backlog Strength

Free cash flow was robust at $93 million, with improved conversion efficiency exceeding 120%. Additionally, Moog Inc. reported a record 12-month backlog of $2.7 billion, primarily driven by growth in the Military Aircraft and Space and Defense segments, underscoring a strong future order pipeline.