EAST AURORA, N.Y.--(BUSINESS WIRE)--Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and control systems, today reported fiscal first quarter 2025 diluted earnings per share of $1.64 and adjusted diluted earnings per share of $1.78, which includes an out-of-period warranty expense.
(in millions, except per share results) |
Three Months Ended |
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|
Q1 2025 |
Q1 2024 |
Deltas |
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Free cash flow |
$ |
(165) |
$ |
(2) |
% |
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Quarter Highlights
- 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.
- Commercial Aircraft operating profit includes an $8 million out-of-period warranty expense.
Segment Results
Sales in the first quarter of 2025 increased compared to the first quarter of 2024, driven by defense growth in Space and Defense and in Military Aircraft, and by aftermarket demand in Commercial Aircraft. These increases were partially offset by a sales decline in Industrial.
Free Cash Flow Results
Free cash flow in the first quarter was a use of cash of $165 million driven by working capital requirements. Physical inventories grew to support future sales growth.
2025 Financial 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," said Jennifer Walter, CFO.
(in millions, except per share results) |
Current |
Previous |
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Net sales |
$ |
3,700 |
$ |
3,700 |
% |
|