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Dec 28, 2024
Moog Q1 2025 Earnings Report
Moog's Q1 2025 results were reported with increased sales, enhanced margins and significant bookings.
Key Takeaways
Moog Inc. reported a strong first quarter in 2025, with increased sales driven by aerospace and defense, solid margin enhancement across all segments, and significant bookings, particularly in Space and Defense and Commercial Aircraft. The company's operating margin also saw an increase due to simplification initiatives and improved operations.
Net sales increased due to growth in aerospace and defense businesses, while sales declined in the Industrial segment, in part due to divestitures.
Operating margin increased due to benefits of simplification initiatives and improved operations, mostly offset by higher restructuring and other charges. Adjusted operating margin, excluding these charges, expanded across all of our segments.
Bookings of $1.3 billion were driven by record orders in Space and Defense and strong orders in Commercial Aircraft.
Twelve-month backlog remained steady at $2.5 billion, as growth in Space and Defense was offset by declines in Industrial due to the impact of the divestitures and weaker foreign currencies.
Moog
Moog
Moog Revenue by Segment
Revenue by Segment
Commercial Aircraft Revenue
CapyFin.com Forward Guidance
Fiscal year 2025 is shaping up to be another strong year, with growth in sales, continued operating margin expansion and enhanced free cash flow generation. Both pricing and simplification will drive our operating margin expansion this year, while our focus on optimizing our planning and sourcing activities will contribute to our significant cash generation in the back half of the year.
Positive Outlook
- Growth in sales
- Continued operating margin expansion
- Enhanced free cash flow generation
- Pricing will drive operating margin expansion
- Simplification will drive operating margin expansion