Reported Q: Q3 2024 Rev YoY: +6.4% EPS YoY: +32.3% Move: +0.27%
Moog Inc
MOG-A
$325.08 0.27%
Exchange NYSE Sector Industrials Industry Aerospace Defense
Q3 2024
Published: Aug 8, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for MOG-A

Reported

Report Date

Aug 8, 2024

Quarter Q3 2024

Revenue

904.74M

YoY: +6.4%

EPS

1.74

YoY: +32.3%

Market Move

+0.27%

Previous quarter: Q2 2024

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Earnings Highlights

  • Revenue of $904.74M up 6.4% year-over-year
  • EPS of $1.74 increased by 32.3% from previous year
  • Gross margin of 25.5%
  • Net income of 56.36M
  • ""Sales were strong with double-digit growth in defense and mid-single-digit growth in commercial end markets. Industrial, which has been a watch item, held ground despite softening in automation. Adjusted operating margin was up substantially."" - Pat Roche
MOG-A
Company MOG-A

Executive Summary

Moog Inc reported a robust QQ3 2024, with revenue of $904.7 million and a margin-advantaged mix that lifted adjusted operating margin to 12.3% for the quarter. Management highlighted double-digit growth in defense and mid-single-digit growth in commercial end markets, with Industrial holding ground despite automation softness. The quarter showcased meaningful progress on margin enhancement, pricing discipline, and a ramp in higher-value programs such as FLRAA, which supported top-line expansion and higher-margin production. Cash flow was modestly negative (-$2.0 million) on working capital dynamics, while capital deployment remained focused on organic growth and portfolio optimization. The company raised FY24 revenue guidance to $3.58 billion and maintained an adjusted operating margin target of 12.4%, with adjusted EPS guidance of $7.40 Β± $0.10, signaling confidence in a strong finish to the year despite near-term macro and budgetary headwinds.

Key Performance Indicators

Revenue
Increasing
904.74M
QoQ: -2.75% | YoY: 6.42%
Gross Profit
Increasing
231.04M
25.54% margin
QoQ: -13.40% | YoY: 3.77%
Operating Income
Increasing
98.91M
QoQ: -10.28% | YoY: 33.31%
Net Income
Increasing
56.36M
QoQ: -6.07% | YoY: 32.97%
EPS
Increasing
1.76
QoQ: -6.38% | YoY: 32.33%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 934.84 1.75 +0.5% View
Q1 2025 910.32 1.64 +6.2% View
Q4 2024 917.27 1.33 +5.2% View
Q3 2024 904.74 1.74 +6.4% View
Q2 2024 930.30 1.86 +11.2% View