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Segments
6 Months Ended
Mar. 29, 2025
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Segments Segments
Disaggregation of net sales by segment for the three and six months ended March 29, 2025 and March 30, 2024 are as follows:
Three Months EndedSix Months Ended
Market TypeMarch 29,
2025
March 30,
2024
March 29,
2025
March 30,
2024
Net sales:
Space$122,018 $113,697 $230,205 $213,307 
Defense148,166 153,090 287,763 283,608 
Space and Defense270,184 266,787 517,968 496,915 
Original Equipment Manufacturers165,166 153,611 331,373 294,982 
Aftermarket48,683 48,889 95,896 93,762 
Military Aircraft213,849 202,500 427,269 388,744 
Original Equipment Manufacturers135,648 140,281 276,725 269,983 
Aftermarket80,733 67,313 160,579 131,833 
Commercial Aircraft216,381 207,594 437,304 401,816 
Energy38,933 34,504 67,218 67,274 
Industrial Automation95,063 115,959 191,177 232,374 
Simulation and Test34,816 38,053 70,309 75,558 
Medical65,614 64,906 133,910 124,472 
Industrial234,426 253,422 462,614 499,678 
Net sales$934,840 $930,303 $1,845,155 $1,787,153 
Three Months EndedSix Months Ended
Customer TypeMarch 29,
2025
March 30,
2024
March 29,
2025
March 30,
2024
Net sales:
Commercial$32,007 $45,033 $91,109 $79,337 
U.S. Government (including OEM)212,259 198,223 374,544 374,625 
Other25,918 23,531 52,315 42,953 
Space and Defense270,184 266,787 517,968 496,915 
U.S. Government (including OEM)159,066 140,446 319,841 275,611 
Other54,783 62,054 107,428 113,133 
Military Aircraft
213,849 202,500 427,269 388,744 
Commercial206,701 200,553 418,459 385,228 
Other9,680 7,041 18,845 16,588 
Commercial Aircraft
216,381 207,594 437,304 401,816 
Commercial229,781 249,808 455,927 492,194 
U.S. Government (including OEM)2,106 2,084 2,697 4,924 
Other2,539 1,530 3,990 2,560 
Industrial234,426 253,422 462,614 499,678 
Commercial468,489 495,394 965,495 956,759 
U.S. Government (including OEM)373,431 340,753 697,082 655,160 
Other92,920 94,156 182,578 175,234 
Net sales$934,840 $930,303 $1,845,155 $1,787,153 
Three Months EndedSix Months Ended
Revenue Recognition MethodMarch 29,
2025
March 30,
2024
March 29,
2025
March 30,
2024
Net sales:
Over-time$242,650 $242,631 $466,032 $452,826 
Point in time27,534 24,156 51,936 44,089 
Space and Defense270,184 266,787 517,968 496,915 
Over-time181,079 161,959 357,633 313,915 
Point in time32,770 40,541 69,636 74,829 
Military Aircraft213,849 202,500 427,269 388,744 
Over-time154,862 157,107 316,074 300,010 
Point in time61,519 50,487 121,230 101,806 
Commercial Aircraft216,381 207,594 437,304 401,816 
Over-time28,273 34,761 55,240 66,511 
Point in time206,153 218,661 407,374 433,167 
Industrial234,426 253,422 462,614 499,678 
Over-time606,864 596,458 1,194,979 1,133,262 
Point in time327,976 333,845 650,176 653,891 
Net sales$934,840 $930,303 $1,845,155 $1,787,153 
Operating profit is net sales less cost of sales and other operating expenses, excluding interest expense, equity-based compensation expense, non-service pension expense and other corporate expenses. Cost of sales and other operating expenses are directly identifiable to the respective segment or allocated on the basis of sales, manpower or profit. Operating profit by segment and reconciliations for the three and six months ended March 29, 2025 and March 30, 2024 are as follows:
Three Months EndedSix Months Ended
March 29,
2025
March 30,
2024
March 29,
2025
March 30,
2024
Operating profit:
Space and Defense$32,781 $42,243 $61,320 $67,540 
Military Aircraft23,722 16,769 46,638 36,358 
Commercial Aircraft25,591 24,845 49,795 45,471 
Industrial27,213 28,155 52,711 57,179 
Total operating profit109,307 112,012 210,464 206,548 
Deductions from operating profit:
Interest expense19,548 18,003 36,550 34,697 
Equity-based compensation expense3,695 3,047 8,020 7,212 
Non-service pension expense1,939 3,191 3,885 6,378 
Corporate and other expenses, net10,546 9,022 19,851 16,901 
Earnings before income taxes$73,579 $78,749 $142,158 $141,360