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v3.25.2

Segments | 9 Months Ended
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Jun. 28, 2025
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] |
Segments | Segments Disaggregation of net sales by segment for the three and nine months ended June 28, 2025 and June 29, 2024 are as follows:
|  | Three Months Ended |  | Nine Months Ended
Market Type |  | June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024
Net sales: |  |  |  |  |  |  |  |
Space |  | $ | 118,664 |  |  | $ | 108,965 |  |  | $ | 348,869 |  |  | $ | 322,272 |
Defense |  | 169,041 |  |  | 149,444 |  |  | 456,804 |  |  | 433,052 |
Space and Defense |  | 287,705 |  |  | 258,409 |  |  | 805,673 |  |  | 755,324 |
Original Equipment Manufacturers |  | 177,110 |  |  | 160,691 |  |  | 508,483 |  |  | 455,673 |
Aftermarket |  | 47,552 |  |  | 46,486 |  |  | 143,448 |  |  | 140,248 |
Military Aircraft |  | 224,662 |  |  | 207,177 |  |  | 651,931 |  |  | 595,921 |
Original Equipment Manufacturers |  | 133,604 |  |  | 132,374 |  |  | 410,329 |  |  | 402,357 |
Aftermarket |  | 85,832 |  |  | 56,991 |  |  | 246,411 |  |  | 188,824 |
Commercial Aircraft |  | 219,436 |  |  | 189,365 |  |  | 656,740 |  |  | 591,181 |
Energy |  | 34,481 |  |  | 37,168 |  |  | 101,699 |  |  | 104,442 |
Industrial Automation |  | 106,168 |  |  | 109,100 |  |  | 297,345 |  |  | 341,474 |
Simulation and Test |  | 36,289 |  |  | 40,019 |  |  | 106,598 |  |  | 115,577 |
Medical |  | 62,622 |  |  | 63,497 |  |  | 196,532 |  |  | 187,969 |
Industrial |  | 239,560 |  |  | 249,784 |  |  | 702,174 |  |  | 749,462 |
Net sales |  | $ | 971,363 |  |  | $ | 904,735 |  |  | $ | 2,816,518 |  |  | $ | 2,691,888 |
|  | Three Months Ended |  | Nine Months Ended
Customer Type |  | June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024
Net sales: |  |  |  |  |  |  |  |
Commercial |  | $ | 92,046 |  |  | $ | 49,916 |  |  | $ | 183,155 |  |  | $ | 129,253 |
U.S. Government (including OEM) |  | 164,443 |  |  | 178,636 |  |  | 538,987 |  |  | 553,261 |
Other |  | 31,216 |  |  | 29,857 |  |  | 83,531 |  |  | 72,810 |
Space and Defense |  | 287,705 |  |  | 258,409 |  |  | 805,673 |  |  | 755,324 |
U.S. Government (including OEM) |  | 165,083 |  |  | 148,928 |  |  | 484,924 |  |  | 424,539 |
Other |  | 59,579 |  |  | 58,249 |  |  | 167,007 |  |  | 171,382 |
Military Aircraft |  | 224,662 |  |  | 207,177 |  |  | 651,931 |  |  | 595,921 |
Commercial |  | 208,561 |  |  | 179,384 |  |  | 627,020 |  |  | 564,612 |
Other |  | 10,875 |  |  | 9,981 |  |  | 29,720 |  |  | 26,569 |
Commercial Aircraft |  | 219,436 |  |  | 189,365 |  |  | 656,740 |  |  | 591,181 |
Commercial |  | 229,089 |  |  | 244,834 |  |  | 685,016 |  |  | 737,028 |
U.S. Government (including OEM) |  | 2,308 |  |  | 3,226 |  |  | 5,005 |  |  | 8,150 |
Other |  | 8,163 |  |  | 1,724 |  |  | 12,153 |  |  | 4,284 |
Industrial |  | 239,560 |  |  | 249,784 |  |  | 702,174 |  |  | 749,462 |
Commercial |  | 529,696 |  |  | 474,134 |  |  | 1,495,191 |  |  | 1,430,893 |
U.S. Government (including OEM) |  | 331,834 |  |  | 330,790 |  |  | 1,028,916 |  |  | 985,950 |
Other |  | 109,833 |  |  | 99,811 |  |  | 292,411 |  |  | 275,045 |
Net sales |  | $ | 971,363 |  |  | $ | 904,735 |  |  | $ | 2,816,518 |  |  | $ | 2,691,888 |
|  | Three Months Ended |  | Nine Months Ended
Revenue Recognition Method |  | June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024
Net sales: |  |  |  |  |  |  |  |
Over-time |  | $ | 254,222 |  |  | $ | 226,405 |  |  | $ | 720,254 |  |  | $ | 679,231 |
Point in time |  | 33,483 |  |  | 32,004 |  |  | 85,419 |  |  | 76,093 |
Space and Defense |  | 287,705 |  |  | 258,409 |  |  | 805,673 |  |  | 755,324 |
Over-time |  | 184,720 |  |  | 168,248 |  |  | 542,353 |  |  | 482,163 |
Point in time |  | 39,942 |  |  | 38,929 |  |  | 109,578 |  |  | 113,758 |
Military Aircraft |  | 224,662 |  |  | 207,177 |  |  | 651,931 |  |  | 595,921 |
Over-time |  | 142,789 |  |  | 149,220 |  |  | 458,863 |  |  | 449,230 |
Point in time |  | 76,647 |  |  | 40,145 |  |  | 197,877 |  |  | 141,951 |
Commercial Aircraft |  | 219,436 |  |  | 189,365 |  |  | 656,740 |  |  | 591,181 |
Over-time |  | 27,440 |  |  | 40,894 |  |  | 82,680 |  |  | 107,405 |
Point in time |  | 212,120 |  |  | 208,890 |  |  | 619,494 |  |  | 642,057 |
Industrial |  | 239,560 |  |  | 249,784 |  |  | 702,174 |  |  | 749,462 |
Over-time |  | 609,171 |  |  | 584,767 |  |  | 1,804,150 |  |  | 1,718,029 |
Point in time |  | 362,192 |  |  | 319,968 |  |  | 1,012,368 |  |  | 973,859 |
Net sales |  | $ | 971,363 |  |  | $ | 904,735 |  |  | $ | 2,816,518 |  |  | $ | 2,691,888 |
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 nine months ended June 28, 2025 and June 29, 2024 are as follows:
|  | Three Months Ended |  | Nine Months Ended
|  | June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024
Operating profit: |  |  |  |  |  |  |  |
Space and Defense |  | $ | 38,261 |  |  | $ | 32,635 |  |  | $ | 99,581 |  |  | $ | 100,175 |
Military Aircraft |  | 17,994 |  |  | 23,965 |  |  | 64,632 |  |  | 60,323 |
Commercial Aircraft |  | 32,623 |  |  | 24,367 |  |  | 82,418 |  |  | 69,838 |
Industrial |  | 22,989 |  |  | 24,413 |  |  | 75,700 |  |  | 81,592 |
Total operating profit |  | 111,867 |  |  | 105,380 |  |  | 322,331 |  |  | 311,928 |
Deductions from operating profit: |  |  |  |  |  |  |  |
Interest expense |  | 17,790 |  |  | 18,153 |  |  | 54,340 |  |  | 52,850 |
Equity-based compensation expense |  | 4,649 |  |  | 4,089 |  |  | 12,669 |  |  | 11,301 |
Non-service pension expense |  | 1,970 |  |  | 3,188 |  |  | 5,855 |  |  | 9,566 |
Corporate and other expenses, net |  | 9,476 |  |  | 9,045 |  |  | 29,327 |  |  | 25,946 |
Earnings before income taxes |  | $ | 77,982 |  |  | $ | 70,905 |  |  | $ | 220,140 |  |  | $ | 212,265 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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