Moog Inc reported solid QQ3 2024 results with a revenue base of $904.7 million, representing a year-over-year increase of 6.4% and a sequential decline of 2.8%. The quarter delivered meaningful profitability, with gross margin of 25.54% and operating margin of 10.93%, resulting in EBIT of $98.9 million and net income of $56.36 million (EPS $1.76 basic, $1.74 diluted). Despite a modest QoQ revenue decline and a negative free cash flow of $1.92 million, Moog generated operating cash flow of $30.17 million and maintained a resilient balance sheet with total assets of $4.07 billion and total stockholders’ equity of $1.79 billion. Leverage remains elevated but manageable, with long-term debt of $1.098 billion and net debt around $1.066 billion, and an interest coverage ratio of 5.36x. The company ended the period with cash of $51.5 million and a current ratio of 2.20, underscoring liquidity strength while highlighting working capital sensitivity given a cash conversion cycle of approximately 199 days. Absent explicit quarterly guidance in the release, the forward view hinges on defense/spending tailwinds, commercial aerospace recovery, and Moog’s ability to optimize working capital while expanding outcomes in its Aircraft Controllers, Space & Defense Controls, and Industrial Systems segments.