Moog Inc. Reports FY2024 Financials

TL;DR

Moog Inc. 2024 10-K: $3.2B Revenue, $20M Net Income. Solid financials.

AI Summary

Moog Inc. filed its 2024 10-K report, detailing its financial performance for the fiscal year ending September 28, 2024. The company reported total assets of $43.8 billion and total liabilities of $28.7 billion. Key financial figures include revenue of $3.2 billion and net income of $20 million, reflecting its operations in the industrial machinery sector.

Why It Matters

This 10-K filing provides a comprehensive overview of Moog Inc.'s financial health and operational performance, crucial for investors and stakeholders to assess the company's stability and future prospects.

Risk Assessment

Risk Level: low — The filing is a standard annual report with no immediate red flags indicating high risk.

Key Numbers

• $43.8B — Total Assets (Reflects the company's overall resource base as of fiscal year-end 2024.)
• $28.7B — Total Liabilities (Indicates the company's total debt and obligations as of fiscal year-end 2024.)
• $3.2B — Revenue (Represents the total income generated from sales for the fiscal year 2024.)
• $20M — Net Income (Shows the company's profitability after all expenses for the fiscal year 2024.)

Key Players & Entities

• MOOG INC. (company) — Filer
• 09/28/2024 (date) — Fiscal Year End
• $43.8 billion (dollar_amount) — Total Assets
• $28.7 billion (dollar_amount) — Total Liabilities
• $3.2 billion (dollar_amount) — Revenue
• $20 million (dollar_amount) — Net Income

FAQ

Key Financial Figures

• $2.5 b — th backlog as of September 28, 2024 was $2.5 billion, an increase of 3% compared to Se
• $113 million — s. Research and development expense was $113 million and represented approximately 3% of sal

Filing Documents

• mog-20240928.htm (10-K) — 2956KB
• a32moog-amendedandrestated.htm (EX-3.2) — 135KB
• a107fourthamendmenttocredi.htm (EX-10.7) — 52KB
• a1027mooginc2025shorttermi.htm (EX-10.27) — 25KB
• a19moogincinsidertradingpo.htm (EX-19) — 88KB
• exhibit21nov2724.htm (EX-21) — 26KB
• exhibit23nov2724.htm (EX-23) — 3KB
• exhibit311nov2724.htm (EX-31.1) — 10KB
• exhibit312nov2724.htm (EX-31.2) — 10KB
• exhibit321nov2724.htm (EX-32.1) — 6KB
• image_0a.jpg (GRAPHIC) — 281KB
• image_1.jpg (GRAPHIC) — 4KB
• mog-20240928_g1.jpg (GRAPHIC) — 5KB
• mog-20240928_g2.jpg (GRAPHIC) — 157KB
• mog-20240928_g3.jpg (GRAPHIC) — 4KB
• 0000067887-24-000166.txt ( ) — 18846KB
• mog-20240928.xsd (EX-101.SCH) — 90KB
• mog-20240928_cal.xml (EX-101.CAL) — 123KB
• mog-20240928_def.xml (EX-101.DEF) — 721KB
• mog-20240928_lab.xml (EX-101.LAB) — 1243KB
• mog-20240928_pre.xml (EX-101.PRE) — 1041KB
• mog-20240928_htm.xml (XML) — 3415KB

Business

Business 4 Item 1A

Risk Factors

Risk Factors 11 Item 1B Unresolved Staff Comments 18 Item 1C Cybersecurity 18 Item 2

Properties

Properties 20 Item 3

Legal Proceedings

Legal Proceedings 20 Item 4 Mine Safety Disclosures 20 PART II Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 21 Item 6 Reserved 22 Item 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 39 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 40 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 90 Item 9A

Controls and Procedures

Controls and Procedures 90 Item 9B Other Information 90 Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 90 PART III Item 10 Directors, Executive Officers and Corporate Governance 91 Item 11

Executive Compensation

Executive Compensation 91 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 91 Item 13 Certain Relationships and Related Transactions, and Director Independence 91 Item 14 Principal Accountant Fees and Services 91 PART IV Item 15 Exhibits and Financial Statement Schedules 92 Item 16 Form 10-K Summary 95 3 Table of Contents PART I The Registrant, Moog Inc., a New York corporation formed in 1951, is referred to in this report as "Moog" or the "Company" or in the nominative "we" or the possessive "our." Unless otherwise noted or the context otherwise requires, all references to years in this report are to fiscal years. Item 1. Business. Description of the Business. Moog is a worldwide designer, manufacturer and systems integrator of high performance precision motion and fluid controls and controls systems for a broad range of applications in aerospace and defense and industrial markets. We have four operating segments: Space and Defense, Military Aircraft, Commercial Aircraft and Industrial. Additional information describing the business and comparative segment revenues, operating profits and related financial information for 2024, 2023 and 2022 are provided in Note 22 - Segments, of Item 8, Financial Statements and Supplementary Data, of this report. Distribution. Our sales and marketing organization consists of individuals possessing highly specialized technical expertise. This expertise is required in order to effectively evaluate a customer's precision control requirements and to facilitate communication between the customer and our engineering staff. Our sales staff is the primary contact with customers. Manufacturers' representatives are used to cover certain domestic aerospace markets. Distributors are used selectively to cover certain industrial and medical markets. Industry and Competitive Conditions. We experience considerable competition in our aerospace and defense and industrial markets across tier one

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View this 10-K filing on SEC EDGAR