$TDG (TransDigm Group Incorporated)

$TDG {{ '2016-08-09T16:08:37+0000' | timeago}} • Webcast

Gautam Khanna of Cowen asks about what level of leverage could the company be at to support a special dividend. $TDG said the company has a credit agreement that it recently re-negotiated which allow it to pay out up to $1.5Bil by Dec. 31, 2016.

$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.

$TDG {{ '2017-02-23T20:32:20+0000' | timeago}} • Announcement

$TDG acquired the stock of Schroth Safety Products and certain aviation and defense assets and liabilities from subsidiaries of Takata Corp. for about $90MM in cash.

$TDG {{ '2017-02-07T17:25:39+0000' | timeago}} • Webcast

$TDG's military revenue for FY16 represented 30% of total company sales. Of which, 5% was sold directly to the US government, about 12% was sold to domestic defense OEMs, and 6% to foreign defense OEMs, said the company.

$TDG {{ '2017-02-07T17:11:26+0000' | timeago}} • Webcast

$TDG said it continues to invest 7% of its operating costs on engineering, and this level has been relatively consistent overtime. The company added that these investments are driving the product development cost reduction initiatives and not the acquisitions.

$TDG {{ '2017-02-07T13:25:42+0000' | timeago}} • Announcement

For FY17, $TDG anticipates its net sales to be in the range of $3,520-3,570MM. Net income is expected to be approx. $609-625MM and EPS is expected to be in the range of $9.15-9.43 per share. The company expects FY17 adjusted EPS to be approx. $12.02-12.30 per share.

$TDG {{ '2017-02-07T13:23:26+0000' | timeago}} • Announcement

Aerospace components developer $TDG 1Q17 earnings fell 8.2%, hurt due to refinancing expenses. The company's net income fell to $118.9MM, or $0.41 per share, compared to $129.4MM, or $2.23 per share during 1Q16. Net sales rose 16% YoY to $701.7MM. Excluding items, $TDG earned $2.57 per share, up 13.2% from $2.27 in 1Q16.

$TDG {{ '2017-01-11T13:39:17+0000' | timeago}} • Announcement

$TDG  announced a potential refinancing of a portion of its senior secured term loans to modestly reduce interest expense and extend maturities. In connection with the refinancing, $TDG will make a presentation to its lenders on Jan. 11, 2017.

$TDG {{ '2016-11-14T16:47:52+0000' | timeago}} • Webcast

$TDG is looking at acquisitions actively and stated the pipeline of near-term possibilities is active. The company expects to have about $1.6-1.7Bil in cash and about $600MM in undrawn revolver at year-end 2017.

$TDG {{ '2016-11-14T16:33:20+0000' | timeago}} • Webcast

For FY17, $TDG commented that its total commercial OEM bookings were about even with shipments, while total commercial aftermarket revenues rose 6.5% YoverY. Defense revenue, which makes up about 30% of company's revenue, was modestly better than anticipated in 4Q16, with revenue up 3% YoverY.

$TDG {{ '2016-11-14T13:27:39+0000' | timeago}} • Announcement

For FY17, $TDG expects net sales to be in the range of $3.515-3.565Bil, while net income is expected in the range of $577-593MM or $8.51-8.79 per share. $TDG also expects adjusted EPS to be in the range of $11.84-12.12 per share for FY17.

$TDG {{ '2016-11-14T13:24:52+0000' | timeago}} • Announcement

Global designer, producer and supplier of highly engineered aircraft components $TDG posted higher 4Q16 results, helped by higher revenue. Net income for the quarter rose 9.17% to $154.67MM or $2.77 per share from $141.67MM or $2.50 per share a year ago. Revenue rose 8.08% to $875.23MM for the quarter. Excluding items, $TDG earned $3.29 per share.

$TDG {{ '2016-10-17T11:15:24+0000' | timeago}} • Announcement

$TDG received the funding of the previously announced incremental term loans. $TDG incurred $650MM of incremental term loans on Oct. 14, 2016 and expects to incur additional $500MM of delayed draw incremental term loans. The proceeds will be used to repurchase its 7.50% Senior Subordinated Notes due 2021 in connection with tender offer.

$TDG {{ '2016-10-17T11:13:46+0000' | timeago}} • Announcement

$TDG's BoD has authorized and declared a special cash dividend of $24 per common share and cash dividend equivalent payments under options granted under its stock option plans. The dividend is payable on Nov. 1, 2016 to shareholders of record on Oct. 24, 2016.

$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 {{ '2016-10-06T12:52:34+0000' | timeago}} • Announcement

$TDG said Gregory Rufus, current Senior EVP and former CFO, retired, effective Oct. 1, 2016. As Senior Executive Officer, Greg assisted in the transition of Terrance Paradie as CFO, a position Greg held from August 2000 until April 2015, and also assisted in managing $TDG's continued growth, talent development and various strategic projects.

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