$MOG-B

MOOG INC.

CIK:0000067887|SEC Filings

Consolidated Statements of Earnings - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 27, 2026	Jun. 28, 2025
Income Statement [Abstract]
Net sales	$ 1,116,545	$ 969,582	$ 3,268,838	$ 2,811,486
Cost of sales	769,299	696,913	2,339,797	2,034,972
Inventory write-down	0	5,839	0	7,988
Gross profit	347,246	266,830	929,041	768,526
Research and development	33,040	21,906	84,336	69,992
Selling, general and administrative	150,989	139,748	436,272	401,817
Interest	15,778	17,790	48,513	53,586
Asset impairment and fair value adjustment	6,684	3,000	6,684	3,000
Restructuring	2,268	2,850	5,224	9,059
Other	1,063	5,183	555	8,226
Earnings before income taxes	137,424	76,353	347,457	222,846
Income taxes (benefit)	(14,601)	17,867	34,742	52,224
Net earnings	$ 152,025	$ 58,486	$ 312,715	$ 170,622
Net earnings per share
Basic	$ 4.80	$ 1.86	$ 9.88	$ 5.38
Diluted	$ 4.74	$ 1.83	$ 9.76	$ 5.32
Weighted average common shares outstanding
Basic	31,676,950	31,524,999	31,654,223	31,684,945
Diluted	32,075,908	31,896,949	32,038,003	32,082,186

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings	$ 312,715	$ 170,622
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:
Depreciation	79,629	68,252
Amortization	8,152	6,996
Deferred income taxes	(8,521)	(19,642)
Equity-based compensation expense	15,912	12,669
Asset impairment and fair value adjustment	6,684	10,988
Other	(705)	3,648
Changes in assets and liabilities providing (using) cash:
Receivables	(159,619)	(105,346)
Unbilled receivables	(67,990)	(37,642)
Inventories	(21,516)	(65,256)
Accounts payable	4,106	(4,201)
Contract advances and progress billings	107,579	9,009
Accrued expenses	25,604	(4,796)
Accrued income taxes	(21,362)	(20,095)
Net pension and post-retirement liabilities	3,821	14,644
Other assets and liabilities	(39,568)	(7,453)
Net cash provided (used) by operating activities	244,921	32,397
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment	(93,692)	(103,041)
Net proceeds from businesses sold	0	13,487
Net proceeds from buildings sold	3,065	0
Other investing transactions	(904)	(2,844)
Net cash provided (used) by investing activities	(91,531)	(92,398)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from revolving lines of credit	1,348,400	957,500
Payments on revolving lines of credit	(1,375,400)	(1,001,500)
Proceeds from long-term debt	0	250,000
Proceeds from senior notes, net of issuance costs	491,443	0
Payments on senior notes	500,000	0
Payments on finance lease obligations	(15,716)	(7,128)
Payment of dividends	(28,209)	(27,247)
Proceeds from sale of treasury stock	8,476	10,970
Purchase of outstanding shares for treasury	(62,673)	(127,808)
Proceeds from sale of stock held by SECT	39,864	20,287
Purchase of stock held by SECT	(51,319)	(18,505)
Other financing transactions	(3,171)	(1,600)
Net cash provided (used) by financing activities	(148,305)	54,969
Effect of exchange rate changes on cash	454	(491)
Increase (decrease) in cash, cash equivalents and restricted cash	5,539	(5,523)
Cash, cash equivalents and restricted cash at beginning of period	62,213	64,537
Cash, cash equivalents and restricted cash at end of period	67,752	59,014
SUPPLEMENTAL CASH FLOW INFORMATION
Treasury shares issued as compensation	5,451	6,288
Assets acquired through lease financing	$ 62,528	$ 35,657

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 27, 2026	Sep. 27, 2025
Current assets
Cash and cash equivalents	$ 66,821	$ 62,013
Restricted cash	931	200
Receivables, net	662,499	506,768
Unbilled receivables	823,658	744,352
Inventories, net	933,939	914,302
Prepaid expenses and other current assets	115,456	142,345
Total current assets	2,603,304	2,369,980
Property, plant and equipment, net	1,076,240	1,019,906
Operating lease right-of-use assets	54,753	52,799
Goodwill	869,185	842,313
Intangible assets, net	57,627	66,101
Deferred income taxes	31,012	22,459
Other assets	79,059	52,497
Total assets	4,771,180	4,426,055
Current liabilities
Current installments of long-term debt	1,563	1,563
Accounts payable	323,625	318,402
Accrued compensation	118,880	106,040
Contract advances and progress billings	486,574	372,988
Accrued liabilities and other	316,462	320,075
Total current liabilities	1,247,104	1,119,068
Long-term debt, excluding current installments	906,426	944,123
Long-term pension and retirement obligations	153,689	157,218
Deferred income taxes	32,241	32,600
Other long-term liabilities	209,825	180,491
Total liabilities	2,549,285	2,433,500
Shareholders' equity
Additional paid-in capital	1,244,730	839,328
Retained earnings	3,119,054	2,834,548
Treasury shares	(1,264,428)	(1,209,200)
Stock Employee Compensation Trust	(411,397)	(195,491)
Supplemental Retirement Plan Trust	(350,461)	(170,191)
Accumulated other comprehensive loss	(166,883)	(157,719)
Total shareholders’ equity	2,221,895	1,992,555
Total liabilities and shareholders’ equity	4,771,180	4,426,055
Class A Common Stock
Shareholders' equity
Common stock	43,878	43,864
Class B Common Stock
Shareholders' equity
Common stock	$ 7,402	$ 7,416