$TDG (TransDigm Group Incorporated)

$TDG {{ '2016-08-09T15:21:45+0000' | timeago}} • Webcast

$TDG said that assuming no additional acquisitions or other capital market activity, it expects to have about $1.9Bil of cash at FY16-end. $TDG's commercial transport after market, excluding freighter was up in the low double digit percent on a YoverY & YTD basis. However, the business jet, helicopter and freighter after market segments were weak.

$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.

$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.

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