Moog Inc

Latest Results (14.05.2026):

Moog Inc. reported results for the fiscal third quarter of 2025: record net sales of $971 million, GAAP diluted earnings per share of $1.87 and record adjusted diluted EPS of $2.37, driven by broad-based strength across Commercial Aircraft, Space & Defense and Military Aircraft, with free cash flow and a 12‑month backlog both at record levels.

Key financials

Q3 2025 net sales $971.4M (up 7% year‑over‑year). Diluted net EPS $1.87 (+7% YoY); adjusted diluted EPS $2.37 (+24% YoY). Net cash provided by operating activities for the quarter was $125M (vs. $30M prior year); free cash flow was $93M.

Margins & adjustments

Reported operating margin was 11.5% (down 10 bps YoY). Adjusted operating margin improved to 13.6% (up 130 bps YoY) after excluding primarily $20M of charges in Q3 2025 (simplification initiatives and a program termination) versus $6M in Q3 2024.

Segment performance

Commercial Aircraft led growth (+16%, driven by aftermarket demand) with operating margin rising to 14.9% (+200 bps). Space & Defense sales rose 11% (operating margin 13.3%, +70 bps). Military Aircraft sales increased 8% but operating margin fell to 8.0% (impacted by a program termination charge and R&D). Industrial sales declined 4% due to early‑year divestitures.

Cash, backlog & corporate actions

Free cash flow conversion exceeded 120% (123% per reconciliation). Q3 capex was $33M. Twelve‑month backlog reached a record $2.7B. Moog also announced the post‑quarter acquisition of COTSWORKS to strengthen its Space & Defense portfolio.

Guidance updates

Moog raised FY2025 net sales guidance to $3.8B (from $3.7B). It updated guidance to reflect net tariff pressures: adjusted operating margin guidance is now 12.8% (prior 13.0%), GAAP diluted EPS guidance $7.44 (prior $7.89) and adjusted diluted EPS guidance $8.25 (prior $8.20).

Drivers and headwinds

Management cited strong order intake and simplification progress as drivers of record sales and backlog. Offsetting pressures include tariffs, a program termination charge and OEM production timing; these influenced reported margins but adjusted results showed margin expansion.