Filing Flows › Moog (MOG-A) › Q4 FY24
Moog (MOG-A) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 27, 2024
Moog (MOG-A) reported revenue of $919M for the fourth quarter fiscal 2024 (Q4 FY24), +6% from a year earlier and +0.6% from the quarter before. Operating margin was 10.1%, net earnings $42.5M (4.6% of revenue).
Moog, Q4 FY24: revenue $919M (+6% year over year), operating margin 10.1%, net earnings $42.5M, operating cash flow $151M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $919M | +0.6% | +6% |
| Gross profit | $256M | +0.3% | +3% |
| Operating profit | $92.5M | -12% | +4% |
| Net earnings | $42.5M | -28% | -3% |
| Operating cash flow | $151M | +402% | -3% |
| Free cash flow | $113M | — | +8% |
What changed
Revenue was $919.4M in Q4 FY24, up 6% year over year and up 1% from the previous quarter. Space and Defense was the largest line at 29% of revenue.
Gross margin was 27.9%, down 0.9 points from a year earlier. Operating profit was $92.5M, a 10.1% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 7% reached operating profit, below the 10% margin then. Operating expenses grew 2% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+35%). Net earnings were $42.5M, down 3% year over year. The effective tax rate was 22.3%.
Operating cash flow was $151.3M (down 3% year over year), 356% of net earnings. Non-cash charges added back $25.0M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items added $80.1M. Capital expenditures of $38.2M left free cash flow of $113.1M.
Questions
What was Moog's revenue in the fourth quarter fiscal 2024?
Moog (MOG-A) reported revenue of $919M for the fourth quarter fiscal 2024 (Q4 FY24), +6% from a year earlier and +0.6% from the quarter before.
Was Moog profitable in the fourth quarter fiscal 2024?
Operating profit was $92.5M (10.1% of revenue) and net earnings $42.5M.
Source: Moog 10-K on SEC EDGAR.