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Segments (Tables) | 6 Months Ended
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Mar. 29, 2025
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] |
Sales And Operating Profit By Segment And Reconciliation Of Segment Operating Profit To Earnings Before Income Taxes | 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 Ended |  | Six Months Ended
Market Type |  | March 29, 2025 |  | March 30, 2024 |  | March 29, 2025 |  | March 30, 2024
Net sales: |  |  |  |  |  |  |  |
Space |  | $ | 122,018 |  |  | $ | 113,697 |  |  | $ | 230,205 |  |  | $ | 213,307 |
Defense |  | 148,166 |  |  | 153,090 |  |  | 287,763 |  |  | 283,608 |
Space and Defense |  | 270,184 |  |  | 266,787 |  |  | 517,968 |  |  | 496,915 |
Original Equipment Manufacturers |  | 165,166 |  |  | 153,611 |  |  | 331,373 |  |  | 294,982 |
Aftermarket |  | 48,683 |  |  | 48,889 |  |  | 95,896 |  |  | 93,762 |
Military Aircraft |  | 213,849 |  |  | 202,500 |  |  | 427,269 |  |  | 388,744 |
Original Equipment Manufacturers |  | 135,648 |  |  | 140,281 |  |  | 276,725 |  |  | 269,983 |
Aftermarket |  | 80,733 |  |  | 67,313 |  |  | 160,579 |  |  | 131,833 |
Commercial Aircraft |  | 216,381 |  |  | 207,594 |  |  | 437,304 |  |  | 401,816 |
Energy |  | 38,933 |  |  | 34,504 |  |  | 67,218 |  |  | 67,274 |
Industrial Automation |  | 95,063 |  |  | 115,959 |  |  | 191,177 |  |  | 232,374 |
Simulation and Test |  | 34,816 |  |  | 38,053 |  |  | 70,309 |  |  | 75,558 |
Medical |  | 65,614 |  |  | 64,906 |  |  | 133,910 |  |  | 124,472 |
Industrial |  | 234,426 |  |  | 253,422 |  |  | 462,614 |  |  | 499,678 |
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 Ended |  | Six 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 Aircraft |  | 23,722 |  |  | 16,769 |  |  | 46,638 |  |  | 36,358 |
Commercial Aircraft |  | 25,591 |  |  | 24,845 |  |  | 49,795 |  |  | 45,471 |
Industrial |  | 27,213 |  |  | 28,155 |  |  | 52,711 |  |  | 57,179 |
Total operating profit |  | 109,307 |  |  | 112,012 |  |  | 210,464 |  |  | 206,548 |
Deductions from operating profit: |  |  |  |  |  |  |  |
Interest expense |  | 19,548 |  |  | 18,003 |  |  | 36,550 |  |  | 34,697 |
Equity-based compensation expense |  | 3,695 |  |  | 3,047 |  |  | 8,020 |  |  | 7,212 |
Non-service pension expense |  | 1,939 |  |  | 3,191 |  |  | 3,885 |  |  | 6,378 |
Corporate and other expenses, net |  | 10,546 |  |  | 9,022 |  |  | 19,851 |  |  | 16,901 |
Earnings before income taxes |  | $ | 73,579 |  |  | $ | 78,749 |  |  | $ | 142,158 |  |  | $ | 141,360 |
Sales by Major Customer Type |
|  | Three Months Ended |  | Six Months Ended
Customer Type |  | March 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 |
Other |  | 25,918 |  |  | 23,531 |  |  | 52,315 |  |  | 42,953 |
Space and Defense |  | 270,184 |  |  | 266,787 |  |  | 517,968 |  |  | 496,915 |
U.S. Government (including OEM) |  | 159,066 |  |  | 140,446 |  |  | 319,841 |  |  | 275,611 |
Other |  | 54,783 |  |  | 62,054 |  |  | 107,428 |  |  | 113,133 |
Military Aircraft |  | 213,849 |  |  | 202,500 |  |  | 427,269 |  |  | 388,744 |
Commercial |  | 206,701 |  |  | 200,553 |  |  | 418,459 |  |  | 385,228 |
Other |  | 9,680 |  |  | 7,041 |  |  | 18,845 |  |  | 16,588 |
Commercial Aircraft |  | 216,381 |  |  | 207,594 |  |  | 437,304 |  |  | 401,816 |
Commercial |  | 229,781 |  |  | 249,808 |  |  | 455,927 |  |  | 492,194 |
U.S. Government (including OEM) |  | 2,106 |  |  | 2,084 |  |  | 2,697 |  |  | 4,924 |
Other |  | 2,539 |  |  | 1,530 |  |  | 3,990 |  |  | 2,560 |
Industrial |  | 234,426 |  |  | 253,422 |  |  | 462,614 |  |  | 499,678 |
Commercial |  | 468,489 |  |  | 495,394 |  |  | 965,495 |  |  | 956,759 |
U.S. Government (including OEM) |  | 373,431 |  |  | 340,753 |  |  | 697,082 |  |  | 655,160 |
Other |  | 92,920 |  |  | 94,156 |  |  | 182,578 |  |  | 175,234 |
Net sales |  | $ | 934,840 |  |  | $ | 930,303 |  |  | $ | 1,845,155 |  |  | $ | 1,787,153 |
Revenue Recognition Method |
|  | Three Months Ended |  | Six Months Ended
Revenue Recognition Method |  | March 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 time |  | 27,534 |  |  | 24,156 |  |  | 51,936 |  |  | 44,089 |
Space and Defense |  | 270,184 |  |  | 266,787 |  |  | 517,968 |  |  | 496,915 |
Over-time |  | 181,079 |  |  | 161,959 |  |  | 357,633 |  |  | 313,915 |
Point in time |  | 32,770 |  |  | 40,541 |  |  | 69,636 |  |  | 74,829 |
Military Aircraft |  | 213,849 |  |  | 202,500 |  |  | 427,269 |  |  | 388,744 |
Over-time |  | 154,862 |  |  | 157,107 |  |  | 316,074 |  |  | 300,010 |
Point in time |  | 61,519 |  |  | 50,487 |  |  | 121,230 |  |  | 101,806 |
Commercial Aircraft |  | 216,381 |  |  | 207,594 |  |  | 437,304 |  |  | 401,816 |
Over-time |  | 28,273 |  |  | 34,761 |  |  | 55,240 |  |  | 66,511 |
Point in time |  | 206,153 |  |  | 218,661 |  |  | 407,374 |  |  | 433,167 |
Industrial |  | 234,426 |  |  | 253,422 |  |  | 462,614 |  |  | 499,678 |
Over-time |  | 606,864 |  |  | 596,458 |  |  | 1,194,979 |  |  | 1,133,262 |
Point in time |  | 327,976 |  |  | 333,845 |  |  | 650,176 |  |  | 653,891 |
Net sales |  | $ | 934,840 |  |  | $ | 930,303 |  |  | $ | 1,845,155 |  |  | $ | 1,787,153 |

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