- Moog Inc. (MOG.A, MOG.B) reports record sales of $935 million for Q2 2025, matching the previous year's sales.
- Adjusted earnings per share stood at $1.92, down 12% from Q2 2024 due to the absence of last year's Employee Retention Credit (ERC).
- Company reiterates 2025 guidance, warns of a $10-20 million net tariff risk to operating profit.
Moog Inc. (MOG.A, MOG.B), a global leader in the design and manufacturing of high-performance precision motion and fluid controls, announced its second quarter 2025 financial results, showcasing net sales of $935 million, a slight increase from $930 million in Q2 2024. This performance was bolstered by significant growth in Military Aircraft and Commercial Aircraft segments, which saw increases of 6% and 4%, respectively.
The company's operating margin for Q2 2025 was slightly down at 11.7% compared to the previous year's 12.0%, which included a one-time 150 basis point benefit from the Employee Retention Credit. Despite this, the Military Aircraft segment's operating margin improved by 280 basis points to 11.1% due to robust operational performance.
Moog Inc.'s adjusted diluted earnings per share were $1.92, a decrease from the $2.19 reported during the same quarter last year. This decline is attributed to the absence of the prior year's ERC benefit. However, the company managed to generate a free cash flow of $2 million, an improvement driven by lower working capital requirements.
The company confirmed its fiscal year 2025 guidance with a projected net sales figure remaining at $3.7 billion. However, it acknowledged potential risks from tariffs that could impact operating profits by $10 to $20 million. Moog's CFO, Jennifer Walter, emphasized that while challenges remain, the company is taking strategic steps to mitigate these risks.
A conference call with Moog Inc.'s CEO, Pat Roche, and CFO, Jennifer Walter, is scheduled for today at 10:00 a.m. ET for further insights into the quarterly results and future outlook.
