Moog Inc. reported strong fiscal fourth quarter 2024 results with record sales and expanded margins. Net sales increased, driven by growth in defense businesses. Adjusted earnings per share exceeded guidance, and free cash flow generation was substantial.
Net sales increased due to growth in defense businesses.
Operating margin declined due to higher levels of charges related to simplification initiatives.
Adjusted operating margin improved within Military Aircraft, Industrial and Space and Defense.
Diluted net earnings per share increased due to improved operational performance, partially offset by one-time charges and benefits.
Moog provided financial guidance for fiscal year 2025, including net sales of approximately $3.7 billion, operating margin of 13.0%, adjusted operating margin of 13.0%, and adjusted diluted net earnings per share of approximately $8.20.