Q1 2026 Moog Inc Earnings Call Transcript
Key Points
- Moog Inc (MOG.A) reported exceptional revenue growth of over 20% compared to the previous year, with record quarterly sales in all segments.
- The company increased its 12-month backlog by 30%, setting a new record.
- Moog Inc (MOG.A) received the BAE Systems Gold Supplier of the Year Award for 2025, recognizing 100% quality and on-time delivery performance.
- The company secured over $1 billion in Commercial Aircraft orders and additional significant orders in the Space and Defense segment, indicating strong future growth.
- Moog Inc (MOG.A) was recognized by Glassdoor with a 2026 Best Places to Work Award, highlighting its positive work environment and employee satisfaction.
- Moog Inc (MOG.A) faced tariff pressures that impacted the Commercial Aircraft operating margin, which decreased by 120 basis points from the previous year.
- The company had to adjust its military aircraft margin outlook due to less favorable OE sales mix and other factors.
- Free cash flow was negatively impacted by growth in physical inventory and timing of payments, resulting in a use of $79 million in the first quarter.
- The company identified an error related to the accounting for certain Commercial Aircraft aftermarket contracts, requiring revisions to prior financial statements.
- Despite strong bookings, the 12-month backlog did not increase as much as total bookings, indicating some orders are beyond the 12-month period.
Ladies and gentlemen, thank you for joining us, and welcome to the Moog Inc. first quarter fiscal 2026 earnings conference call. (Operator Instructions) I will now hand the conference over to Aaron Astrachan, Head of Investor Relations. Aaron, please go ahead.
Good morning, and thank you for joining Moog's first quarter 2026 earnings release conference call. I am Aaron Astrachan, Director of Investor Relations. With me today is Pat Roche, our Chief Executive Officer; and Jennifer Walter, our Chief Financial Officer.
Earlier this morning, we released our results and our supplemental slides, both of which are available on our website. Our earnings press release, our supplemental slides and remarks made during our call today contain adjusted non-GAAP results. Reconciliations for these adjusted results to GAAP results are contained within the provided materials.
Lastly, our comments today may include statements related to expected future results and other forward-looking statements, which are not guarantees. Our actual results may differ
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