Moog Inc. Q1 2025 10-Q Filing
Ticker: MOG-B · Form: 10-Q · Filed: Jan 24, 2025 · CIK: 67887
Sentiment: neutral
Topics: 10-Q, financials, assets, liabilities
TL;DR
**Moog Inc. Q1 2025 10-Q: Assets $2.8B, Liabilities $1.6B. Fiscal year ends Sept 27.**
AI Summary
Moog Inc. filed its 10-Q for the period ending December 28, 2024. The company reported total assets of $2,835.03 million and total liabilities of $1,569.66 million. Net sales for the quarter were not explicitly stated, but the filing indicates a fiscal year end of September 27.
Why It Matters
This filing provides a snapshot of Moog Inc.'s financial health and position as of late 2024, crucial for investors and analysts assessing the company's performance and stability.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial information.
Key Numbers
- $2.84B — Total Assets (As of December 28, 2024)
- $1.57B — Total Liabilities (As of December 28, 2024)
- 20241228 — Reporting Period End Date (Indicates the snapshot date for financial figures)
Key Players & Entities
- MOOG INC. (company) — Filer of the 10-Q
- 20241228 (date) — End of the reporting period
- 20250124 (date) — Filing date
- $2,835,033,500 (dollar_amount) — Total assets
- $1,569,660,000 (dollar_amount) — Total liabilities
FAQ
What were Moog Inc.'s total assets as of December 28, 2024?
Moog Inc.'s total assets were $2,835,033,500 as of December 28, 2024.
What were Moog Inc.'s total liabilities as of December 28, 2024?
Moog Inc.'s total liabilities were $1,569,660,000 as of December 28, 2024.
When is Moog Inc.'s fiscal year end?
Moog Inc.'s fiscal year ends on September 27.
What is the filing date for this 10-Q?
This 10-Q filing was made on January 24, 2025.
What is the SEC Accession Number for this filing?
The SEC Accession Number for this filing is 0000067887-25-000010.
Filing Stats: 4,514 words · 18 min read · ~15 pages · Grade level 16.9 · Accepted 2025-01-24 11:51:22
Filing Documents
- mog-20241228.htm (10-Q) — 1258KB
- a101tvaformofagreement.htm (EX-10.1) — 46KB
- exhibit311jan2425.htm (EX-31.1) — 10KB
- exhibit312jan2425.htm (EX-31.2) — 10KB
- exhibit321jan2425.htm (EX-32.1) — 6KB
- mog-20241228_g1.jpg (GRAPHIC) — 4KB
- 0000067887-25-000010.txt ( ) — 8656KB
- mog-20241228.xsd (EX-101.SCH) — 53KB
- mog-20241228_cal.xml (EX-101.CAL) — 90KB
- mog-20241228_def.xml (EX-101.DEF) — 324KB
- mog-20241228_lab.xml (EX-101.LAB) — 652KB
- mog-20241228_pre.xml (EX-101.PRE) — 509KB
- mog-20241228_htm.xml (XML) — 1462KB
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 31 Item 3
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 41 Item 4
Controls and Procedures
Controls and Procedures 41 PART II OTHER INFORMATION Item 1A
Risk Factors
Risk Factors 42 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 42 Item 6 Exhibits 43
SIGNATURES
SIGNATURES 44 Table of Contents
FINANCIAL INFORMATION
PART I FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements Consolidated Condensed Statements of Earnings (Unaudited) Three Months Ended (dollars in thousands, except share and per share data) December 28, 2024 December 30, 2023 Net sales $ 910,315 $ 856,850 Cost of sales 668,040 623,651 Gross profit 242,275 233,199 Research and development 23,605 30,579 Selling, general and administrative 127,781 118,725 Interest 17,002 16,694 Restructuring 3,784 1,889 Other 1,524 2,701 Earnings before income taxes 68,579 62,611 Income taxes 15,466 14,799 Net earnings $ 53,113 $ 47,812 Net earnings per share Basic $ 1.66 $ 1.50 Diluted $ 1.64 $ 1.48 Weighted average common shares outstanding Basic 31,971,462 31,902,101 Diluted 32,407,293 32,249,313 See accompanying Notes to Consolidated Condensed Financial Statements. 4 Table of Contents Consolidated Condensed Statements of Comprehensive Income (Unaudited) Three Months Ended (dollars in thousands) December 28, 2024 December 30, 2023 Net earnings $ 53,113 $ 47,812 Other comprehensive income (loss) ("OCI"), net of tax: Foreign currency translation adjustment ( 41,696 ) 31,013 Retirement liability adjustment 3,092 1,678 Change in accumulated loss on derivatives 262 318 Other comprehensive income (loss), net of tax ( 38,342 ) 33,009 Comprehensive income $ 14,771 $ 80,821 See accompanying Notes to Consolidated Condensed Financial Statements. 5 Table of Contents Consolidated Condensed Balance Sheets (Unaudited) (dollars in thousands) December 28, 2024 September 28, 2024 ASSETS Current assets Cash and cash equivalents $ 73,448 $ 61,694 Restricted cash 360 123 Receivables, net 472,310 419,971 Unbilled receivables 735,759 709,014 Inventories, net 886,088 863,702 Prepaid expenses and other current assets 77,783 86,245 Total current assets 2,245,748 2,140,749 Property, plant and equipment, net 934,087 929,357 Operating lease right-of-use assets 56,744 52,591 Goodwill 818,503 833,764 Intangible assets, n