Moog reports record Q2 sales $930M (+11%), raises FY2024 adjusted EPS guidance to $7.25

FY 2024 Guidance Current Previous Net sales $ 3,550 $ 3,500 Operating margin 11.9 % 12.0 % Adjusted operating margin 12.4 % 12.0 % Diluted net earnings per share* $ 6.87 $ 6.86 Adjusted diluted net earnings per share* $ 7.25 $ 6.90 *Diluted net earnings per share figures for 2024 are forecasted to be within range of +/- $0.20.

Quarter Highlights • Net sales of $930 million increased 11% compared to the prior year's quarter, with increases in all four segments, including a 26% increase in Commercial Aircraft. • Operating margin of 12.0% increased 200 basis points. Business performance across all segments contributed an incremental 165 basis points. Also, the current quarter included a 150 basis point benefit from the Employee Retention Credit associated with the CARES Act. The current quarter also included 115 basis points of higher impairments and restructuring. • Adjusted operating margin of 13.6% increased 320 basis points, driven by the underlying business performance, as well as the Employee Retention Credit. • Diluted earnings per share of $1.86 increased 39% due to the higher operating profit and the Employee Retention Credit, partially offset by the current quarter's restructuring and impairment charges. • Adjusted diluted earnings per share of $2.19 increased 54%, reflecting earnings associated from