NYSE$MOG-A

Moog Inc · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Moog's Q1 2025 results were reported with increased sales, enhanced margins and significant bookings.

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.

Headline financials

Total Revenue

$910M

Previous: $857M+6.2%
EPS (adj)

$1.78

Previous: $1.48+20.3%
Capital Expenditures

-$32.8M

Previous: -$37.4M+12.4%
Free Cash Flow

-$165M

Previous: $10.4M-1687.7%
Net Income

$53.1M

Previous: $47.8M+11.1%
Operating Income

$101M

Previous: $94.5M+7.0%
Gross Profit

$242M

Previous: $233M+3.9%
R&D Expense

$23.6M

Previous: $30.6M-22.8%
Stock-Based Comp

$4.33M

Previous: $4.17M+3.8%

Revenue & EPS history

Moog · Revenue · Quarterly

$910M

Q1 2025+6.2%vs Q1 2024
Beat estimate in 9 of 11 quarters(82%)
ActualEstimate

Revenue by segment

Moog · $495M total across 2 segments · Q4 2023

  • Industrial
    $254M+12.1%
  • Space & Defense
    $241M+10.9%

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.

Tailwinds

  • Growth in sales
  • Continued operating margin expansion
  • Enhanced free cash flow generation
  • Pricing will drive operating margin expansion
  • Simplification will drive operating margin expansion

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.3%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+4.7%

Avg return

30 days after

55%

38 / 69 earnings

Positive

+11.0%

Q4 2025

Best reaction

-22.0%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+2.3%-1.3%+4.2%
Q1 2026+6.1%+11.8%+17.2%
Q4 2025+11.0%+14.7%+24.7%
Q3 2025+3.5%+1.5%+7.3%
Q2 2025-0.2%-1.0%+6.7%
Q1 2025-15.6%-11.6%-18.0%
Q4 2024+3.9%+20.1%+17.3%
Q3 2024-10.9%-9.0%+4.0%
Q2 2024+3.4%+2.1%+10.7%
Q1 2024+2.4%-0.3%+8.0%
Q4 2023+11.0%+7.4%+18.5%
Q3 2023-4.8%-1.7%+2.9%
Q2 2023-0.6%+0.6%+7.1%
Q1 2023+3.3%+4.7%+8.0%
Q4 2022+5.6%+3.7%+7.1%
Q3 2022-0.3%-0.3%-8.3%
Q2 2022-6.8%-5.3%-4.2%
Q1 2022+4.5%+5.7%+11.2%
Q4 2021+5.7%+5.0%-10.0%
Q3 2021-6.6%-10.2%-4.2%
Q2 2021+1.3%+1.5%+5.6%
Q1 2021+3.7%+6.6%+7.2%
Q4 2020+9.5%+12.2%+26.5%
Q3 2020+0.2%+1.6%+10.0%
Q2 2020-4.2%+4.7%-1.5%
Q1 2020-3.7%-0.7%-6.5%
Q4 2019+4.4%+3.6%+2.6%
Q3 2019-12.6%-14.2%-15.1%
Q2 2019-2.3%-4.3%-11.8%
Q1 2019+5.3%+8.3%+20.2%
Q4 2018+9.5%+11.7%+16.8%
Q3 2018-11.0%-8.2%-1.5%
Q2 2018+0.9%+0.9%+2.3%
Q1 2018+0.9%-0.1%-5.6%
Q4 2017-3.9%-4.9%-4.9%
Q3 2017+0.6%-0.6%-0.1%
Q2 2017+0.1%-0.4%+2.2%
Q1 2017+3.7%+3.1%+3.4%
Q4 2016+0.4%+12.0%+20.7%
Q3 2016+4.5%+5.4%+9.5%
Q2 2016+8.7%
Q1 2016-22.0%
Q4 2015+1.2%
Q3 2015-0.2%
Q2 2015-4.3%
Q1 2015-5.2%
Q4 2014+2.7%
Q3 2014-6.2%
Q2 2014+3.0%
Q1 2014-10.3%
Q4 2013+0.6%
Q3 2013-0.8%
Q2 2013-1.0%
Q1 2013-2.6%
Q2 2012+0.4%
Q4 2012+0.7%
Q3 2012+3.3%
Q1 2012-0.2%
Q2 2011+5.5%
Q4 2011+5.5%
Q3 2011-2.5%
Q1 2010-0.6%
Q1 2011-0.6%
Q4 2010+6.6%
Q4 2008+6.6%
Q3 2009-8.4%
Q4 2009-8.4%
Q3 2010-8.4%
Q2 2010-8.4%

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