$TDG (TransDigm Group Incorporated)

$TDG {{ '2016-10-13T17:57:32+0000' | timeago}} • Announcement

$TDG's subsidiary TransDigm begins a cash tender offer for any and all outstanding 7.50% Senior Subordinated Notes due 2021. The offer to purchase will expire on Nov. 10, 2016 unless extended at the company's sole discretion.

$TDG {{ '2018-01-03T12:50:53+0000' | timeago}} • Announcement

$TDG appointed EVP James Skulina as Interim CFO, with immediate effect. Skulina replaces Terrance Paradie, who resigned for personal reasons. Paradie will remain employee until April 2, 2018 and will assist Skulina during transition. Paradie's departure is unrelated to financial condition, financial disclosure or strategic direction.

$TDG {{ '2017-12-22T12:12:57+0000' | timeago}} • Announcement

$TDG has agreed to sell SCHROTH Safety Products in a management buyout to Perusa Partners Fund 2, L.P., as majority shareholder, as well as dedicated SCHROTH managers from Germany and the US. The Department of Justice has accepted this proposal. The transaction is subject to customary closing conditions and regulatory approvals.

$TDG {{ '2017-12-22T12:12:43+0000' | timeago}} • Announcement

$TDG said the US Department of Justice has been investigating its acquisition of SCHROTH Safety Products and although $TDG respectfully disagrees with the DoJ’s position, it decided that given the deal size and expense of investigation, it was prudent to divest the SCHROTH business.

$TDG {{ '2017-11-09T13:20:44+0000' | timeago}} • Announcement

$TDG now sees net sales of $3.6-3.7Bil for FY18. Net income from continuing operations is anticipated to be $702-738MM or $11.61-12.25 per share. Adjusted EPS for the year is expected to be $12.78-13.42 per share.

$TDG {{ '2017-11-09T13:17:33+0000' | timeago}} • Announcement

Despite quarterly net income from continuing operations jumping 19% to $184.1MM, net attributable income for $TDG slid 42% to $90.2MM or $1.65 per diluted share in 4Q17. Net sales rose 5.6% to $923.9MM in the quarter.

$TDG {{ '2017-10-12T17:18:51+0000' | timeago}} • Announcement

$TDG appointed  Gary E. McCullough and David A. Barr to its BoD. McCullough will serve on the Company’s Audit Committee and Barr will serve on the Company’s Nominating and Corporate Governance Committee.

$TDG {{ '2017-08-24T11:42:00+0000' | timeago}} • Announcement

$TDG's BoD has authorized and declared a special cash dividend of $22.00 on each outstanding share of common stock and cash dividend equivalent payments under options granted under its stock option plans. The record date for the special dividend is Sept. 5, 2017 and the payment date is Sept. 12, 2017.

$TDG {{ '2017-08-24T11:41:14+0000' | timeago}} • Announcement

$TDG's subsidiary TransDigm Inc. received the funding of an additional term loan of $1.819Bil maturing in 2024 at a rate of LIBOR plus 3.00% and repaid in full the existing tranche C term loans, pursuant to an amendment to its existing credit agreement.

$TDG {{ '2017-08-09T19:03:55+0000' | timeago}} • Webcast

$TDG stated that on the M&A side, it is tough to predict the closure rate of deals and there is general lumpiness of deal flow YonY. The company would do acquisitions if it sees deals that meets its characteristics. $TDG added that if it doesn't get any deals in the year, it would return the capital back to shareholders through proprietary sources.

$TDG {{ '2017-08-09T18:49:57+0000' | timeago}} • Webcast

$TDG stated it is implementing head count reduction to better rationalize its cost structure. Consequently, the company has conducted an extensive review of pricing, contractual opportunities, and new product initiatives to drive value generation.

$TDG {{ '2017-08-09T18:48:41+0000' | timeago}} • Webcast

$TDG said its refurbishment orders are getting rescheduled or delayed, though it is getting some new wins. The company added that it is not clear how long the slowdown will persist. $TDG's commercial transport freight aftermarket, which accounts for 15% of its avg. revenue had its first good quarter in 2017 with a 9% growth YoY.

$TDG {{ '2017-08-08T12:18:45+0000' | timeago}} • Announcement

$TDG expects to issue a new $1.8Bil first lien term loan and intends to use the proceeds along with cash on hand to repay $1.2Bil of its existing tranche C term loans. The company also expects to fund a potential special dividend in the range of $1.0-1.25Bil.

$TDG {{ '2017-08-08T12:16:25+0000' | timeago}} • Announcement

For FY17, $TDG's net sales is expected to be in the range of $3,530-3,570MM compared to $3,171MM in FY16, while net income is anticipated to be in the range of $605-619MM. Additionally, EPS for FY17 is expected in the range of $9.16-9.40 per share, while adjusted EPS is expected to be in the range of $12.09-12.33 per share.

$TDG {{ '2017-08-08T11:55:03+0000' | timeago}} • Announcement

Commercial and military aerospace components manufacturer $TDG's 3Q17 earnings rose marginally, driven by sales increase, lower refinancing expenses and operating margin improvements. Net income spiked 5.2% YoY to $169.1MM or $3.08 per share. Net sales surged 13.8%, helped by contribution from the businesses acquired in the trailing twelve months.

$TDG {{ '2017-06-01T19:35:42+0000' | timeago}} • Announcement

$TDG has acquired three add-on aerospace product lines for around $100MM. They have combined revenues of around $32MM. The products, including aerospace controls, quick disconnect couplings and communication electronics, will be consolidated into the existing TransDigm businesses. The purchase was financed through existing cash on hand.

$TDG {{ '2017-05-09T16:22:17+0000' | timeago}} • Webcast

$TDG stated that regarding the aftermarket bookings running ahead of shipments for the year, the company is not booked up for the balance of the year. The company added that looking at the bookings running ahead, and distributor's POS picking up, the mix of those two gives $TDG some confidence of bookings running ahead of shipments.

$TDG {{ '2017-05-09T12:58:51+0000' | timeago}} • Announcement

$TDG now sees FY17 net sales of $3.53-3.57Bil, generating a net income of $605-619MM and EPS of $9.16-9.40. Adjusted earnings are expected to be in the range of $12.09 to $12.33 per share for the full year.

$TDG {{ '2017-05-09T12:56:23+0000' | timeago}} • Announcement

During 2Q17, $TDG completed an offering of an additional $300MM agg principal amount of 6.5% senior subordinated notes due 2025. EBITDA for the quarter soared 16.5% to $397.7MM, while adjusted net income rose 5.2% to $168.9MM or $3.02 per share in the quarter.

$TDG {{ '2017-05-09T12:53:16+0000' | timeago}} • Announcement

With a net sales jump of 9.6% to $873.2MM in 2Q17, $TDG posted a 9.8% hike in net income of $155.5MM from last year's $141.7MM. Earnings were up 10.3% to $2.78 per share, helped by the sales bump, operating margin growth and lower acquisition-related costs.

$TDG {{ '2017-03-02T14:32:45+0000' | timeago}} • Announcement

$TDG subsidiary TransDigm Inc. has completed the private offering of an additional $300MM aggregate principal amount of 6.500% senior subordinated notes due 2025. The net proceeds will be used for general corporate purposes, including potential future acquisitions, dividends, and replenishment of about $90MM of cash on balance sheet.

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