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Moog (MOG-A) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Apr 25, 2025
Moog (MOG-A) reported revenue of $934M for the second quarter fiscal 2025 (Q2 FY25), +2% from a year earlier and +3% from the quarter before. Operating margin was 11.7%, net earnings $54.6M (5.8% of revenue).
Moog, Q2 FY25: revenue $934M (+2% year over year), operating margin 11.7%, net earnings $54.6M, operating cash flow $40.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $934M | +3% | +2% |
| Gross profit | $257M | +5% | -0.9% |
| Operating profit | $109M | +5% | -3% |
| Net earnings | $54.6M | +3% | -9% |
| Operating cash flow | $40.0M | — | — |
| Free cash flow | $2.4M | — | — |
What changed
Revenue was $934.0M in Q2 FY25, up 2% year over year and up 3% from the previous quarter. Space and Defense was the largest line at 29% of revenue. Military Aircraft added $11.3M year over year (up 6%), 82% of the total change. Industrial declined 7%.
Gross margin was 27.5%, down 0.7 points from a year earlier. Operating profit was $109.1M, a 11.7% margin (down 0.5 points year over year). Operating profit fell $3.0M even though revenue rose $13.8M versus a year earlier, so costs grew faster than sales. Operating expenses grew 1% against revenue growth of 2%. Net earnings were $54.6M, down 9% year over year. The effective tax rate was 24.2%.
Operating cash flow was $40.0M, 73% of net earnings. Non-cash charges added back $24.7M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items used $42.9M. Capital expenditures of $37.6M left free cash flow of $2.4M.
Questions
What was Moog's revenue in the second quarter fiscal 2025?
Moog (MOG-A) reported revenue of $934M for the second quarter fiscal 2025 (Q2 FY25), +2% from a year earlier and +3% from the quarter before.
Was Moog profitable in the second quarter fiscal 2025?
Operating profit was $109M (11.7% of revenue) and net earnings $54.6M.
Source: Moog 10-Q on SEC EDGAR.