Form 8-K
8-K — MOOG INC.
Accession: 0001628280-26-027030
Filed: 2026-04-24
Period: 2026-04-24
CIK: 0000067887
SIC: 3590 (MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT)
Item: Results of Operations and Financial Condition
Item: Other Events
Item: Financial Statements and Exhibits
Documents
8-K — mog-20260424.htm (Primary)
EX-99.1 (ex991-42426.htm)
EX-99.2 (ex992-42426.htm)
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GRAPHIC (imageb.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: mog-20260424.htm · Sequence: 1
mog-20260424
0000067887FALSE00000678872026-04-242026-04-240000067887us-gaap:CommonClassAMember2026-04-242026-04-240000067887us-gaap:CommonClassBMember2026-04-242026-04-24
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
April 24, 2026
Date of Report (date of earliest event reported)
MOOG Inc.
(Exact name of registrant as specified in its charter)
NY 1-05129 16-0757636
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
400 Jamison Rd East Aurora, New York 14052-0018
(Address of Principal Executive Offices)
(Zip Code)
(716) 652-2000
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Class A common stock MOG.A New York Stock Exchange
Class B common stock MOG.B New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
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Item 2.02 Results of Operations and Financial Condition
On April 24, 2026, Moog Inc. (the “Company”) issued a press release discussing results of operations for the quarter ended March 28, 2026. A copy of the press release is included as exhibit 99.1 of this report.
The information in this report is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as expressly stated by specific reference in such a filing.
Item 8.01 Other Events
On April 24, 2026, the Company issued a press release announcing that the Company’s Board of Directors declared a quarterly dividend of $0.30 per share on the Company's issued and outstanding shares of Class A common stock and Class B common stock. The dividend will be paid on May 21, 2026 to all shareholders of record as of the close of business on May 12, 2026. A copy of the press release is included as Exhibit 99.2 of this report.
Item 9.01 Financial Statements and Exhibits
(d)Exhibits.
99.1
Press release dated April 24, 2026, announcing Moog Inc.’s results of operations for the quarter ended March 28, 2026.
99.2
Press release dated April 24, 2026, announcing cash dividend.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MOOG INC.
Dated:
April 24, 2026
By: /s/ Nicholas Hart
Name: Nicholas Hart
Controller
EX-99.1
EX-99.1
Filename: ex991-42426.htm · Sequence: 2
Document
Release Date: April 24, 2026
IMMEDIATE
Moog Inc. Reports Outstanding Second Quarter 2026 Results
and Raises Full-Year Guidance
East Aurora, NY -- Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and control systems, today reported fiscal second quarter 2026 results, reflecting robust demand, strengthening operations and continued progress toward the company’s long-term financial objectives.
“Our teams delivered another outstanding quarter. Demand is strong, business is executing well and we are delivering results ahead of guidance,” said Pat Roche, CEO. “We are confident in our ability to deliver for the rest of the year."
(in millions, except per share results) Three Months Ended
Q2 2026 Q2 2025 Deltas
Net sales $ 1,052 $ 934 13%
Operating margin 13.1 % 11.7 % 140 bps
Adjusted operating margin(1)
13.4 % 12.5 % 90 bps
Diluted net earnings per share $ 2.55 $ 1.71 49%
Adjusted diluted net earnings per share(1)
$ 2.64 $ 1.88 40%
Net cash provided (used) by operating activities $ 130 $ 40 $ 90
Free cash flow(1)
$ 98 $ 2 $ 95
(1) See the reconciliations of adjusted financial measures to the most directly comparable U.S. GAAP measures included in the financial statements herein for the periods ended March 28, 2026, and March 29, 2025.
Quarter Highlights
•Net sales increased, reflecting robust growth across all four segments.
•Operating margin and adjusted operating margin increased, reflecting profitable sales growth, pricing and operational performance, partially offset by tariff pressure.
•Diluted net earnings per share and adjusted diluted net earnings per share, both at record levels, were driven by higher operating margin and higher sales, offset partially by tariff pressure.
•Free cash flow improved significantly, driven by strong earnings and working capital management.
•Twelve-month backlog increased 33% to a record $3.3 billion, reflecting continued demand across our markets.
Shaping the way our world moves ™
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Segment Results
Sales in the second quarter of 2026 increased 13% to $1.1 billion. Space and Defense sales increased 16% to $314 million, reflecting broad-based defense demand. Demand was particularly strong for space vehicles and missile controls. Commercial Aircraft sales increased 15% to $247 million, driven by increased volume and pricing on certain major production programs. Military Aircraft sales increased 10% to $235 million, driven by higher activity on the MV-75 program. Industrial sales increased 9% to $256 million, driven by strong demand for data center cooling pumps, as well as favorable foreign currency translation.
Operating margin in the second quarter of 2026 increased 140 basis points to 13.1%, compared to the second quarter of 2025. Military Aircraft operating margin increased 260 basis points to 13.7%, driven by profitable sales growth. Space and Defense operating margin increased 170 basis points to 13.8%, driven by profitable sales growth, partially offset by increased investments for product development, business capture and operational readiness. Industrial operating margin increased 130 basis points to 12.9%, driven by lower charges associated with simplification initiatives and the benefits from business optimization, partially offset by tariff pressure. Commercial Aircraft operating margin increased 10 basis points to 11.9%, driven by pricing benefits, partially offset by tariff pressure.
Adjusted operating margin excludes $3 million and $7 million of charges primarily associated with simplification initiatives in the second quarter of 2026 and 2025, respectively. Industrial adjusted operating margin decreased 20 basis points to 13.2% in the second quarter of 2026 compared with the second quarter of 2025, as tariff pressure offset simplification benefits.
Free Cash Flow Results
Free cash flow for the quarter was $98 million. Strong earnings contributed to cash generation, while working capital remained relatively constant despite strong sales growth. Inventory growth to support higher sales was largely offset by customer advances. Capital expenditures were $32 million, reflecting continued investment to support future growth.
Fiscal 2026 Financial Guidance
“We had an outstanding second quarter and expect an even stronger business performance in the second half of 2026," said Jennifer Walter, CFO. “We're increasing our 2026 guidance for sales and adjusted earnings per share, and reaffirming our guidance for adjusted operating margin and free cash flow conversion.”
FY 2026 Guidance
Current Previous
Net sales (in billions) $ 4.3 $ 4.3
Adjusted operating margin 13.4 % 13.4 %
Adjusted diluted net earnings per share(1)
$ 10.60 $ 10.20
Free cash flow conversion 60 % 60 %
(1) Adjusted diluted net earnings per share is forecasted to be within range of +/- $0.20.
Conference call information
In conjunction with today’s release, Pat Roche, CEO, and Jennifer Walter, CFO, will host a conference call today beginning at 10:00 a.m. ET, which will be simultaneously broadcast live online. Listeners can access the call and supplemental financial materials at www.moog.com/investors/communications.
Cautionary Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which can be identified by words such as: “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume,” “assume” and other words and terms of similar meaning (including their negative counterparts or other various or comparable terminology). These forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995, are neither historical facts nor guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements.
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Although it is not possible to create a comprehensive list of all factors that may cause our actual results to differ from the results expressed or implied by our forward-looking statements or that may affect our future results, some of these factors and other risks and uncertainties are described in Item 1A “Risk Factors” of our Annual Report on Form 10-K and in our other periodic filings with the Securities and Exchange Commission (“SEC”) and include, but are not limited to, risks relating to: (i) our operation in highly competitive markets with competitors who may have greater resources than we possess; (ii) our operation in cyclical markets that are sensitive to domestic and foreign economic conditions and events; (iii) current and future geopolitical conditions and events, including wars, armed conflicts, sanctions, trade restrictions and related disruptions to global markets and supply chains; (iv) our heavy dependence on government contracts that may not be fully funded, delayed or terminated; (v) our ability to remediate the material weakness in internal control over financial reporting and maintain effective disclosure controls and procedures; (vi) supply chain constraints and inflationary impacts on prices for raw materials and components used in our products; (vii) failure of our subcontractors or suppliers to perform their contractual obligations; (viii) risks related to information systems interruptions, intrusions, cybersecurity threats or new software implementations; and (ix) our accounting estimates for over-time contracts and any changes we may need to make thereto. You should evaluate all forward-looking statements made in this press release in the context of these risks and uncertainties.
While we believe we have identified and discussed in our SEC filings the material risks affecting our business, there may be additional factors, risks and uncertainties not currently known to us or that we currently consider immaterial that may affect the forward-looking statements we make herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. Any forward-looking statement speaks only as of the date on which it is made, and we disclaim any obligation to update any forward-looking statement made in this press release, except as required by applicable law.
Non-GAAP Financial Measures
The press release also includes certain financial information that is not presented in accordance with Generally Accepted Accounting Principles (“GAAP”), including, but not limited to, “Adjusted Operating Margin,” “Adjusted Diluted Net Earnings Per Share,” “Adjusted Net Earnings,” “Adjusted Effective Tax Rate,” “Free Cash Flow” and “Free Cash Flow Conversion.” While we believe that these non-GAAP financial measures may be useful in evaluating our financial condition and results of operations, this information should be considered supplemental and is not a substitute for financial information prepared in accordance with GAAP. Adjustments to operating profit and margin and net earnings per share have included restructuring charges; acquisition- and integration-related costs; gains or losses on investments; asset impairments; litigation and regulatory matters; discrete tax items; changes in the fair value of contingent consideration; foreign exchange gains or losses; and other non-recurring or non-cash items. Reconciliations of the non-GAAP measures to the most directly comparable GAAP measures can be found in the accompanying materials.
The press release also includes certain forward-looking non-GAAP financial guidance, including, but not limited to, “Adjusted Diluted Net Earnings per Share,” “Adjusted Operating Margin” and “Free Cash Flow Conversion". The Company is unable to provide a reconciliation of such forward-looking non-GAAP guidance to the most directly comparable GAAP measures without unreasonable effort because certain items that are material to the comparable GAAP measures are not available and cannot be estimated with reasonable certainty. These items are dependent on future events that are difficult to predict and outside the Company’s control. These items may include, but are not limited to, restructuring charges; acquisition- and integration-related costs; gains or losses on investments; asset impairments; litigation and regulatory matters; discrete tax items; changes in the fair value of contingent consideration; foreign exchange gains or losses; and other non-recurring or non-cash items. The timing and amount of these items may vary significantly from period to period and could have a material impact on the Company’s GAAP results, including, but not limited to, “Diluted Net Earnings per Share” and “Operating Margin”.
Contact: Aaron Astrachan
716.687.4225
Shaping the way our world moves ™
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Moog Inc.
CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED)
(dollars in thousands, except per share data)
Three Months Ended Six Months Ended
March 28,
2026 March 29,
2025 March 28,
2026 March 29,
2025
Net sales $ 1,051,947 $ 934,022 $ 2,152,293 $ 1,841,904
Cost of sales 764,392 675,255 1,570,498 1,338,059
Inventory write-down — 2,149 — 2,149
Gross profit 287,555 256,618 581,795 501,696
Research and development 26,662 24,481 51,296 48,086
Selling, general and administrative 136,324 133,932 285,283 262,069
Interest 15,540 19,548 32,735 35,796
Restructuring 1,505 2,425 2,956 6,209
Other (1,295) 4,174 (508) 3,043
Earnings before income taxes 108,819 72,058 210,033 146,493
Income taxes 26,980 17,448 49,343 34,357
Net earnings $ 81,839 $ 54,610 $ 160,690 $ 112,136
Net earnings per share
Basic $ 2.58 $ 1.73 $ 5.07 $ 3.53
Diluted $ 2.55 $ 1.71 $ 5.01 $ 3.49
Weighted average common shares outstanding
Basic 31,715,560 31,558,372 31,696,403 31,764,917
Diluted 32,102,535 31,942,315 32,072,594 32,174,804
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Moog Inc.
RECONCILIATION TO ADJUSTED NET EARNINGS, ADJUSTED DILUTED NET EARNINGS PER SHARE AND ADJUSTED EFFECTIVE TAX RATE (UNAUDITED)
(dollars in thousands)
Three Months Ended Six Months Ended
March 28,
2026 March 29,
2025 March 28,
2026 March 29,
2025
Net Earnings as Reported $ 81,839 $ 54,610 $ 160,690 $ 112,136
Adjustments to Net Earnings:
Program terminations(1)
— — 1,324 —
Simplification initiatives(2)
3,303 5,343 5,292 11,399
Acquisition and integration(3)
— — 3,606 —
Other charges(4)
400 2,000 533 2,000
Tax effect of adjustments (932) (1,801) (2,642) (3,313)
Net Earnings as Adjusted $ 84,610 $ 60,152 $ 168,803 $ 122,222
Diluted Net Earnings Per Share
As Reported $ 2.55 $ 1.71 $ 5.01 $ 3.49
As Adjusted $ 2.64 $ 1.88 $ 5.26 $ 3.80
Effective Income Tax Rate
As Reported 24.8 % 24.2 % 23.5 % 23.5 %
As Adjusted 24.8 % 24.2 % 23.5 % 23.6 %
The diluted net earnings per share associated with the adjustments in the table above may not reconcile when totaled due to rounding.
(1) Adjustments include costs related to the termination of significant development, production, or support programs, such as write-off and impairments of inventory and long-lived assets, contract termination costs and other related charges or credits.
(2) Adjustments include costs related to footprint rationalization, portfolio shaping and legal entity re-organization activities, such as facility closure costs, employee severance and retention costs, write-off and impairments of inventory and long-lived assets and other related charges or credits.
(3) Adjustments include acquisition related activity, such as amortization of inventory fair value step-up and professional services fees. Charges also include costs related to integrating the businesses, such as employee severance and retention costs, professional services fees, legal entity and facility rationalization costs and other related charges or credits.
(4) Adjustments include costs associated with business interruptions from natural causes, litigation matters and other charges or credits that are not part of normal operations.
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Moog Inc.
CONSOLIDATED SALES AND OPERATING PROFIT (UNAUDITED)
(dollars in thousands)
Three Months Ended Six Months Ended
March 28,
2026 March 29,
2025 March 28,
2026 March 29,
2025
Net sales:
Space and Defense $ 313,593 $ 270,184 $ 637,871 $ 517,968
Military Aircraft 235,489 213,849 482,900 427,269
Commercial Aircraft 247,007 215,563 514,850 434,053
Industrial 255,858 234,426 516,672 462,614
Net sales $ 1,051,947 $ 934,022 $ 2,152,293 $ 1,841,904
Operating profit:
Space and Defense $ 43,265 $ 32,778 $ 86,035 $ 61,558
13.8 % 12.1 % 13.5 % 11.9 %
Military Aircraft 32,310 23,716 60,438 47,325
13.7 % 11.1 % 12.5 % 11.1 %
Commercial Aircraft 29,316 25,347 57,730 51,114
11.9 % 11.8 % 11.2 % 11.8 %
Industrial 33,046 27,210 69,180 52,658
12.9 % 11.6 % 13.4 % 11.4 %
Total operating profit 137,937 109,051 273,383 212,655
13.1 % 11.7 % 12.7 % 11.5 %
Deductions from operating profit:
Interest expense 15,540 19,548 32,735 35,796
Equity-based compensation expense 4,770 3,695 9,725 8,020
Non-service pension expense 1,147 1,939 2,277 3,885
Corporate and other expenses, net 7,661 11,811 18,613 18,461
Earnings before income taxes $ 108,819 $ 72,058 $ 210,033 $ 146,493
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Moog Inc.
RECONCILIATION TO ADJUSTED OPERATING PROFIT AND MARGINS (UNAUDITED)
(dollars in thousands)
Three Months Ended Six Months Ended
March 28,
2026 March 29,
2025 March 28,
2026 March 29,
2025
Space and Defense operating profit - as reported $ 43,265 $ 32,778 $ 86,035 $ 61,558
Simplification initiatives 2,636 1,138 3,959 2,068
Acquisition and integration — — 3,606 —
Other charges — — 133 —
Space and Defense operating profit - as adjusted $ 45,901 $ 33,916 $ 93,733 $ 63,626
14.6 % 12.6 % 14.7 % 12.3 %
Military Aircraft operating profit - as reported $ 32,310 $ 23,716 $ 60,438 $ 47,325
Program terminations — — 1,324 —
Simplification initiatives — — — 591
Other charges — 2,000 — 2,000
Military Aircraft operating profit - as adjusted $ 32,310 $ 25,716 $ 61,762 $ 49,916
13.7 % 12.0 % 12.8 % 11.7 %
Commercial Aircraft operating profit - as reported and adjusted $ 29,316 $ 25,347 $ 57,730 $ 51,114
11.9 % 11.8 % 11.2 % 11.8 %
Industrial operating profit - as reported $ 33,046 $ 27,210 $ 69,180 $ 52,658
Simplification initiatives 667 4,205 1,333 8,740
Industrial operating profit - as adjusted $ 33,713 $ 31,415 $ 70,513 $ 61,398
13.2 % 13.4 % 13.6 % 13.3 %
Total operating profit - as adjusted $ 141,240 $ 116,394 $ 283,738 $ 226,054
13.4 % 12.5 % 13.2 % 12.3 %
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Moog Inc.
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(dollars in thousands)
March 28,
2026 September 27,
2025
ASSETS
Current assets
Cash and cash equivalents $ 307,553 $ 62,013
Restricted cash 679 200
Receivables, net 605,518 506,768
Unbilled receivables 842,157 744,352
Inventories, net 931,804 914,302
Prepaid expenses and other current assets 105,830 142,345
Total current assets 2,793,541 2,369,980
Property, plant and equipment, net 1,060,100 1,019,906
Operating lease right-of-use assets 54,149 52,799
Goodwill 873,510 842,313
Intangible assets, net 60,544 66,101
Deferred income taxes 6,903 22,459
Other assets 53,851 52,497
Total assets $ 4,902,598 $ 4,426,055
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Current installments of long-term debt $ 500,000 $ 1,563
Accounts payable 328,084 318,402
Accrued compensation 81,968 106,040
Contract advances and progress billings 469,206 372,988
Accrued liabilities and other 286,743 320,075
Total current liabilities 1,666,001 1,119,068
Long-term debt, excluding current installments 739,825 944,123
Long-term pension and retirement obligations 152,791 157,218
Deferred income taxes 45,489 32,600
Other long-term liabilities 196,012 180,491
Total liabilities 2,800,118 2,433,500
Shareholders’ equity
Common stock - Class A 43,874 43,864
Common stock - Class B 7,406 7,416
Additional paid-in capital 1,021,544 839,328
Retained earnings 2,976,532 2,834,548
Treasury shares (1,252,323) (1,209,200)
Stock Employee Compensation Trust (279,828) (195,491)
Supplemental Retirement Plan Trust (253,378) (170,191)
Accumulated other comprehensive loss (161,347) (157,719)
Total shareholders’ equity 2,102,480 1,992,555
Total liabilities and shareholders’ equity $ 4,902,598 $ 4,426,055
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Moog Inc.
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(dollars in thousands)
Six Months Ended
March 28,
2026 March 29,
2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings $ 160,690 $ 112,136
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:
Depreciation 50,184 44,779
Amortization 5,449 4,629
Deferred income taxes 27,607 (12,824)
Equity-based compensation expense 9,725 8,020
Other (217) 2,291
Changes in assets and liabilities providing (using) cash:
Receivables (101,159) (123,555)
Unbilled receivables (85,779) (31,216)
Inventories (14,511) (54,040)
Accounts payable 7,481 1,975
Contract advances and progress billings 88,508 8,501
Accrued expenses (26,813) (29,523)
Accrued income taxes (23,972) (22,429)
Net pension and post retirement liabilities 2,005 12,067
Other assets and liabilities (14,372) (13,705)
Net cash provided (used) by operating activities 84,826 (92,894)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment (66,178) (70,382)
Net proceeds from businesses sold — 13,487
Net proceeds from buildings sold 3,065 —
Other investing transactions (458) (2,062)
Net cash provided (used) by investing activities (63,571) (58,957)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from revolving lines of credit 869,400 752,500
Payments on revolving lines of credit (1,064,400) (462,000)
Proceeds from senior notes, net of issuance costs 492,221 —
Payments on finance lease obligations (8,013) (4,469)
Payment of dividends (18,706) (18,106)
Proceeds from sale of treasury stock 8,476 7,825
Purchase of outstanding shares for treasury (50,431) (126,425)
Proceeds from sale of stock held by SECT 33,782 19,289
Purchase of stock held by SECT (34,470) (14,808)
Other financing transactions (3,116) (1,457)
Net cash provided (used) by financing activities 224,743 152,349
Effect of exchange rate changes on cash 21 (2,309)
Increase (decrease) in cash, cash equivalents and restricted cash 246,019 (1,811)
Cash, cash equivalents and restricted cash at beginning of year 62,213 64,537
Cash, cash equivalents and restricted cash at end of period $ 308,232 $ 62,726
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Moog Inc.
RECONCILIATION OF NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES TO FREE CASH FLOW (UNAUDITED)
(dollars in thousands)
Three Months Ended Six Months Ended
March 28,
2026 March 29,
2025 March 28,
2026 March 29,
2025
Net cash provided (used) by operating activities $ 129,594 $ 40,016 $ 84,826 $ (92,894)
Purchase of property, plant and equipment (31,798) (37,604) (66,178) (70,382)
Free cash flow $ 97,796 $ 2,412 $ 18,648 $ (163,276)
Adjusted net earnings $ 84,610 $ 60,152 $ 168,803 $ 122,222
Free cash flow conversion 116 % 4 % 11 % (134) %
Free cash flow is defined as net cash provided (used) by operating activities, less purchase of property, plant and equipment, less the benefit from the Receivables Purchase Agreement. Free cash flow conversion is defined as free cash flow divided by adjusted net earnings. Free cash flow and free cash flow conversion are not measures determined in accordance with GAAP and may not be comparable with the measures as used by other companies. However, management believes these adjusted financial measures may be useful in evaluating the liquidity, financial condition and results of operations of the Company. This information should be considered supplemental and is not a substitute for financial information prepared in accordance with GAAP.
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EX-99.2
EX-99.2
Filename: ex992-42426.htm · Sequence: 3
Document
Release Date: April 24, 2026
IMMEDIATE
Moog Inc. Announces Cash Dividend
East Aurora, NY – The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) declared a quarterly dividend of $0.30 per share on the Company’s issued and outstanding shares of Class A and Class B common stock. The dividend will be paid on May 21, 2026, to all shareholders of record as of the close of business on May 12, 2026.
The dividend represents a net use of cash of approximately $10 million. Future declarations of quarterly dividends are subject to the determination and discretion of Moog’s Board of Directors.
About Moog Inc.
Moog is a worldwide designer, manufacturer, and systems integrator of high-performance precision motion and fluid controls and control systems. Moog’s high-performance systems control military and commercial aircraft, satellites, and space vehicles, launch vehicles, defense systems, missiles, automated industrial machinery, marine, and medical equipment. Additional information about the Company can be found at www.moog.com
Contact: Aaron Astrachan
716.687.4225
Shaping the way our world moves ™
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v3.26.1
Document and Entity Information Document
Apr. 24, 2026
Entity Information [Line Items]
Document Type
8-K
Document Period End Date
Apr. 24, 2026
Entity Registrant Name
MOOG Inc.
Entity Incorporation, State or Country Code
NY
Entity File Number
1-05129
Entity Tax Identification Number
16-0757636
Entity Address, Address Line One
400 Jamison Rd
Entity Address, City or Town
East Aurora,
Entity Address, State or Province
NY
Entity Address, Postal Zip Code
14052-0018
City Area Code
716
Local Phone Number
652-2000
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Entity Emerging Growth Company
false
Entity Central Index Key
0000067887
Amendment Flag
false
Common Class A [Member]
Entity Information [Line Items]
Title of 12(b) Security
Class A common stock
Trading Symbol
MOG.A
Security Exchange Name
NYSE
Common Class B [Member]
Entity Information [Line Items]
Title of 12(b) Security
Class B common stock
Trading Symbol
MOG.B
Security Exchange Name
NYSE
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details
Name:
dei_EntityInformationLineItems
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Details
Name:
us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember
Namespace Prefix:
Data Type:
na
Balance Type:
Period Type:
X
- Details
Name:
us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember
Namespace Prefix:
Data Type:
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Balance Type:
Period Type: