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v3.24.3

Segments (Tables) | 12 Months Ended
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Sep. 28, 2024
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] |
Segment Information And Reconciliations To Consolidated Amounts | Disaggregation of net sales by segment are as follows:
Market Type |  | 2024 |  | 2023 |  | 2022
Net sales: |  |  |  |  |  |
Space |  | $ | 432,815 |  |  | $ | 407,153 |  |  | $ | 337,773 |
Defense |  | 585,333 |  |  | 540,098 |  |  | 534,570 |
Space and Defense |  | 1,018,148 |  |  | 947,251 |  |  | 872,343 |
Original Equipment Manufacturers |  | 624,575 |  |  | 536,562 |  |  | 542,466 |
Aftermarket |  | 186,991 |  |  | 183,770 |  |  | 199,607 |
Military Aircraft |  | 811,566 |  |  | 720,332 |  |  | 742,073 |
Original Equipment Manufacturers |  | 524,699 |  |  | 434,889 |  |  | 335,893 |
Aftermarket |  | 263,601 |  |  | 233,926 |  |  | 178,495 |
Commercial Aircraft |  | 788,300 |  |  | 668,815 |  |  | 514,388 |
Energy |  | 137,854 |  |  | 123,864 |  |  | 125,574 |
Industrial Automation |  | 443,580 |  |  | 485,502 |  |  | 435,074 |
Simulation and Test |  | 155,889 |  |  | 124,980 |  |  | 99,815 |
Medical |  | 253,823 |  |  | 248,378 |  |  | 246,516 |
Industrial |  | 991,146 |  |  | 982,724 |  |  | 906,979 |
Net sales |  | $ | 3,609,160 |  |  | $ | 3,319,122 |  |  | $ | 3,035,783 |
|  | 2024 |  | 2023 |  | 2022
Operating profit: |  |  |  |  |  |
Space and Defense |  | $ | 127,354 |  |  | $ | 95,949 |  |  | $ | 86,844 |
Military Aircraft |  | 85,858 |  |  | 60,416 |  |  | 90,055 |
Commercial Aircraft |  | 91,472 |  |  | 84,387 |  |  | 33,565 |
Industrial |  | 90,657 |  |  | 102,165 |  |  | 72,384 |
Total operating profit |  | 395,341 |  |  | 342,917 |  |  | 282,848 |
Deductions from operating profit: |  |  |  |  |  |
Interest expense |  | 62,112 |  |  | 63,578 |  |  | 36,757 |
Equity-based compensation expense |  | 14,959 |  |  | 10,582 |  |  | 8,882 |
Pension settlement |  | — |  |  | 12,542 |  |  | — |
Non-service pension expense |  | 12,685 |  |  | 12,324 |  |  | 6,072 |
Corporate and other expenses, net |  | 37,772 |  |  | 27,839 |  |  | 28,158 |
Earnings before income taxes |  | $ | 267,813 |  |  | $ | 216,052 |  |  | $ | 202,979 |
Depreciation and amortization: |  |  |  |  |  |
Space and Defense |  | $ | 21,424 |  |  | $ | 20,227 |  |  | $ | 19,399 |
Military Aircraft |  | 30,544 |  |  | 31,026 |  |  | 29,515 |
Commercial Aircraft |  | 15,010 |  |  | 12,610 |  |  | 12,822 |
Industrial |  | 25,921 |  |  | 26,157 |  |  | 26,515 |
Corporate |  | 207 |  |  | 213 |  |  | 138 |
Total depreciation and amortization |  | $ | 93,106 |  |  | $ | 90,233 |  |  | $ | 88,389 |
Identifiable assets: |  |  |  |  |  |
Space and Defense |  | $ | 1,035,151 |  |  | $ | 1,012,616 |  |  | $ | 873,341 |
Military Aircraft |  | 959,798 |  |  | 881,813 |  |  | 767,113 |
Commercial Aircraft |  | 971,111 |  |  | 801,588 |  |  | 702,854 |
Industrial |  | 1,098,697 |  |  | 1,088,753 |  |  | 1,046,754 |
Corporate |  | 28,869 |  |  | 23,266 |  |  | 41,778 |
Total assets |  | $ | 4,093,626 |  |  | $ | 3,808,036 |  |  | $ | 3,431,840 |
Capital expenditures: |  |  |  |  |  |
Space and Defense |  | $ | 48,624 |  |  | $ | 65,130 |  |  | $ | 44,255 |
Military Aircraft |  | 53,740 |  |  | 46,599 |  |  | 38,089 |
Commercial Aircraft |  | 29,405 |  |  | 30,447 |  |  | 32,437 |
Industrial |  | 24,183 |  |  | 30,949 |  |  | 24,620 |
Corporate |  | 66 |  |  | 161 |  |  | 30 |
Total capital expenditures |  | $ | 156,018 |  |  | $ | 173,286 |  |  | $ | 139,431 |
Sales, Based On The Customer's Location, And Property, Plant And Equipment By Geographic Area | Sales, based on the customer’s location, and property, plant and equipment by geographic area are as follows:
|  | 2024 |  | 2023 |  | 2022
Net sales: |  |  |  |  |  |
United States |  | $ | 2,319,295 |  |  | $ | 2,152,967 |  |  | $ | 2,041,952 |
Germany |  | 164,811 |  |  | 203,666 |  |  | 164,388 |
Other |  | 1,125,054 |  |  | 962,489 |  |  | 829,443 |
Net sales |  | $ | 3,609,160 |  |  | $ | 3,319,122 |  |  | $ | 3,035,783 |
Property, plant and equipment, net: |  |  |  |  |  |
United States |  | $ | 636,963 |  |  | $ | 537,908 |  |  | $ | 466,427 |
United Kingdom |  | 128,105 |  |  | 125,471 |  |  | 61,950 |
Other |  | 164,289 |  |  | 151,317 |  |  | 160,531 |
Property, plant and equipment, net |  | $ | 929,357 |  |  | $ | 814,696 |  |  | $ | 688,908 |
Sales by Major Customer Type |
Customer Type |  | 2024 |  | 2023 |  | 2022
Net sales: |  |  |  |  |  |
Commercial |  | $ | 172,829 |  |  | $ | 112,777 |  |  | $ | 111,569 |
U.S. Government (including OEM) |  | 754,057 |  |  | 778,229 |  |  | 704,675 |
Other |  | 91,262 |  |  | 56,245 |  |  | 56,099 |
Space and Defense |  | 1,018,148 |  |  | 947,251 |  |  | 872,343 |
U.S. Government (including OEM) |  | 582,688 |  |  | 505,794 |  |  | 507,672 |
Other |  | 228,878 |  |  | 214,538 |  |  | 234,401 |
Military Aircraft |  | 811,566 |  |  | 720,332 |  |  | 742,073 |
Commercial |  | 751,310 |  |  | 635,810 |  |  | 480,887 |
Other |  | 36,990 |  |  | 33,005 |  |  | 33,501 |
Commercial Aircraft |  | 788,300 |  |  | 668,815 |  |  | 514,388 |
Commercial |  | 971,868 |  |  | 965,867 |  |  | 891,238 |
U.S. Government (including OEM) |  | 10,438 |  |  | 5,204 |  |  | 7,565 |
Other |  | 8,840 |  |  | 11,653 |  |  | 8,176 |
Industrial |  | 991,146 |  |  | 982,724 |  |  | 906,979 |
Commercial |  | 1,896,007 |  |  | 1,714,454 |  |  | 1,483,694 |
U.S. Government (including OEM) |  | 1,347,183 |  |  | 1,289,227 |  |  | 1,219,912 |
Other |  | 365,970 |  |  | 315,441 |  |  | 332,177 |
Net sales |  | $ | 3,609,160 |  |  | $ | 3,319,122 |  |  | $ | 3,035,783 |
Revenue Recognition Method |
Revenue Recognition Method |  | 2024 |  | 2023 |  | 2022
Net sales: |  |  |  |  |  |
Over-time |  | $ | 909,638 |  |  | $ | 883,727 |  |  | $ | 806,994 |
Point in time |  | 108,510 |  |  | 63,524 |  |  | 65,349 |
Space and Defense |  | 1,018,148 |  |  | 947,251 |  |  | 872,343 |
Over-time |  | 656,576 |  |  | 602,333 |  |  | 641,426 |
Point in time |  | 154,990 |  |  | 117,999 |  |  | 100,647 |
Military Aircraft |  | 811,566 |  |  | 720,332 |  |  | 742,073 |
Over-time |  | 587,233 |  |  | 497,220 |  |  | 369,928 |
Point in time |  | 201,067 |  |  | 171,595 |  |  | 144,460 |
Commercial Aircraft |  | 788,300 |  |  | 668,815 |  |  | 514,388 |
Over-time |  | 142,425 |  |  | 137,338 |  |  | 121,405 |
Point in time |  | 848,721 |  |  | 845,386 |  |  | 785,574 |
Industrial |  | 991,146 |  |  | 982,724 |  |  | 906,979 |
Over-time |  | 2,295,872 |  |  | 2,120,618 |  |  | 1,939,753 |
Point in time |  | 1,313,288 |  |  | 1,198,504 |  |  | 1,096,030 |
Net sales |  | $ | 3,609,160 |  |  | $ | 3,319,122 |  |  | $ | 3,035,783 |

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