Moog Inc. Q3 2024 10-Q Filed
Ticker: MOG-B · Form: 10-Q · Filed: Aug 8, 2024 · CIK: 67887
Sentiment: neutral
Topics: 10-Q, financials, assets, liabilities
TL;DR
Moog Inc. 10-Q filed: $2.87B assets as of 06/29/24. FY ends 09/28.
AI Summary
Moog Inc. filed its 10-Q for the period ending June 29, 2024, reporting total assets of $2.876 billion. The company's fiscal year ends on September 28th. This filing covers the third quarter of their fiscal year.
Why It Matters
This filing provides investors with a detailed financial snapshot of Moog Inc.'s performance and position as of the end of the third fiscal quarter of 2024.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.
Key Numbers
- $2.876B — Total Assets (As of June 29, 2024)
- $3.225B — Total Liabilities (As of June 29, 2024)
- $425.148M — Property, Plant and Equipment, Net (As of June 29, 2024)
- $826.170M — Accrued Liabilities, Current (As of June 29, 2024)
Key Players & Entities
- MOOG INC. (company) — Filer
- 20240629 (date) — Reporting Period End Date
- $2.876 billion (dollar_amount) — Total Assets
- 20240808 (date) — Filing Date
FAQ
What were Moog Inc.'s total assets as of June 29, 2024?
Moog Inc.'s total assets were $2,876,530,200 as of June 29, 2024.
When does Moog Inc.'s fiscal year end?
Moog Inc.'s fiscal year ends on September 28th.
What is the filing date for this 10-Q?
This 10-Q filing was made on August 8, 2024.
What is the reported value for Property, Plant and Equipment, Net as of June 29, 2024?
The net value for Property, Plant and Equipment was $425,148,000 as of June 29, 2024.
What was the total liabilities figure reported for June 29, 2024?
Total liabilities were reported as $3,225,328,000 for June 29, 2024.
Filing Stats: 4,617 words · 18 min read · ~15 pages · Grade level 16.7 · Accepted 2024-08-08 17:07:53
Filing Documents
- mog-20240629.htm (10-Q) — 1666KB
- a101formukseverancebenefit.htm (EX-10.1) — 240KB
- exhibit311aug0824.htm (EX-31.1) — 10KB
- exhibit312aug0824.htm (EX-31.2) — 10KB
- exhibit321aug0824.htm (EX-32.1) — 5KB
- mog-20240629_g1.jpg (GRAPHIC) — 4KB
- 0000067887-24-000061.txt ( ) — 10055KB
- mog-20240629.xsd (EX-101.SCH) — 56KB
- mog-20240629_cal.xml (EX-101.CAL) — 91KB
- mog-20240629_def.xml (EX-101.DEF) — 333KB
- mog-20240629_lab.xml (EX-101.LAB) — 660KB
- mog-20240629_pre.xml (EX-101.PRE) — 523KB
- mog-20240629_htm.xml (XML) — 1815KB
Financial Statements (Unaudited)
Financial Statements (Unaudited): Consolidated Condensed Statements of Earnings 4 Consolidated Condensed Statements of Comprehensive Income 5 Consolidated Condensed Balance Sheets 6 Consolidated Condensed Statements of Shareholders' Equity 7 Consolidated Condensed Statements of Cash Flows 9 Notes to Consolidated Condensed Financial Statements 10 Item 2
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 33 Item 3
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 46 Item 4
Controls and Procedures
Controls and Procedures 46 PART II OTHER INFORMATION Item 1A
Risk Factors
Risk Factors 47 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 47 Item 6 Exhibits 48
SIGNATURES
SIGNATURES 49 Table of Contents
FINANCIAL INFORMATION
PART I FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements Consolidated Condensed Statements of Earnings (Unaudited) Three Months Ended Nine Months Ended (dollars in thousands, except share and per share data) June 29, 2024 July 1, 2023 June 29, 2024 July 1, 2023 Net sales $ 904,735 $ 850,176 $ 2,691,888 $ 2,447,071 Cost of sales 651,672 627,543 1,938,673 1,799,437 Inventory write-down 1,600 — 1,775 — Gross profit 251,463 222,633 751,440 647,634 Research and development 27,791 26,502 86,752 77,107 Selling, general and administrative 126,361 121,935 370,047 351,795 Interest 18,153 17,256 52,850 45,351 Asset impairment 112 435 6,862 1,654 Restructuring 3,984 1,642 12,623 4,737 Gain on sale of buildings — — — ( 10,030 ) Other 4,157 4,525 10,041 10,077 Earnings before income taxes 70,905 50,338 212,265 166,943 Income taxes 14,545 7,951 48,090 35,527 Net earnings $ 56,360 $ 42,387 $ 164,175 $ 131,416 Net earnings per share Basic $ 1.76 $ 1.33 $ 5.14 $ 4.13 Diluted $ 1.74 $ 1.32 $ 5.08 $ 4.11 Weighted average common shares outstanding Basic 31,960,165 31,838,961 31,943,365 31,811,034 Diluted 32,409,370 32,067,391 32,342,700 31,995,340 See accompanying Notes to Consolidated Condensed Financial Statements. 4 Table of Contents Consolidated Condensed Statements of Comprehensive Income (Unaudited) Three Months Ended Nine Months Ended (dollars in thousands) June 29, 2024 July 1, 2023 June 29, 2024 July 1, 2023 Net earnings $ 56,360 $ 42,387 $ 164,175 $ 131,416 Other comprehensive income (loss) ("OCI"), net of tax: Foreign currency translation adjustment ( 6,650 ) 5,470 10,637 67,749 Retirement liability adjustment 2,059 2,028 5,910 5,259 Change in accumulated loss on derivatives — 201 518 3,200 Other comprehensive income (loss), net of tax ( 4,591 ) 7,699 17,065 76,208 Comprehensive income $ 51,769 $ 50,086 $ 181,240 $ 207,624 See accompanying Notes to Consolidated Condensed Financial Statements. 5 Table of Contents Consolidated Condensed Balance Sheet