TDG · Automotive

TransDigm Group INC

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

News · 2026-08-07

• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  TransDigm completed the $2.2 billion acquisition of Jet Parts Engineering and Victor Sierra Aviation. The company also agreed to acquire aerospace alloy-materials supplier Prince & Izant for approximately $1.07 billion…
• Capital Return ProgramImportance 58 · Surprise 42
  TransDigm repurchased approximately $1.0 billion of shares during the fiscal 2026 third quarter. Fiscal year-to-date repurchases reached approximately $1.8 billion. The reported buybacks represent a material…
• Market Demand TrendsImportance 36 · Surprise 40
  TransDigm reported strong demand across commercial aftermarket, commercial OEM, and defense aerospace markets in fiscal 2026 third quarter. Commercial aftermarket revenue increased 17% year over year, indicating…

News · 2026-08-05

• Revenue Performance and MixImportance 59 · Surprise 48
  Fiscal 2026 third-quarter net sales increased 23% year over year to $2,741 million from $2,237 million. Commercial aftermarket revenue grew 17% year over year, while commercial OEM, aftermarket, and defense businesses…
• Capital Return ProgramImportance 58 · Surprise 42
  TransDigm repurchased approximately $1.0 billion of shares during the fiscal 2026 third quarter. Fiscal year-to-date repurchases reached approximately $1.8 billion. The reported buybacks represent a material…
• Operating Margin DriversImportance 36 · Surprise 40
  Third-quarter EBITDA As Defined increased 19% year over year to $1,447 million, below the 23% sales increase. EBITDA As Defined margin was 52.8%, and third-party analysis reported year-over-year margin pressure.…

10-Q · 2026-08-04

• Outstanding IndebtednessImportance 74 · Surprise 58
  Total debt increased to $33,485 million at June 27, 2026 from $30,015 million at September 30, 2025, while first-nine-month net interest expense increased 27.8% to $1,472 million. TransDigm issued $2,000 million of…
• Acquisitions and DivestituresImportance 71 · Surprise 60
  TransDigm acquired Simmonds on October 6, 2025 for approximately $757 million in cash using cash on hand. On April 7, 2026, it acquired approximately 95% of Jet Parts Engineering and 96% of Victor Sierra Aviation…
• Revenue Performance and MixImportance 59 · Surprise 48
  Net sales increased 18.4% year over year to $7,569 million for the thirty-nine weeks ended June 27, 2026, including 10.5% organic growth and 7.9% acquisition-related growth. Third-quarter net sales increased 22.5% to…
• Operating Expense TrendsImportance 59 · Surprise 48
  Selling and administrative expenses increased $170 million, or 24.7%, to $859 million for the first nine months of fiscal 2026, rising to 11.3% of sales from 10.8%. Third-quarter selling and administrative expenses…
• Capital Return ProgramImportance 58 · Surprise 42
  TransDigm repurchased 1,496,383 common shares for $1,807 million at an average price of $1,207.50 per share during the thirty-nine weeks ended June 27, 2026. Repurchases were partly funded by $3,467 million of net…
• Gross Margin DriversImportance 54 · Surprise 40
  Gross profit increased 16.9% year over year to $4,491 million for the first nine months of fiscal 2026, while gross margin declined to 59.3% from 60.1%. Third-quarter gross profit increased 22.2% to $1,628 million,…
• Operating Cash Flow TrendsImportance 54 · Surprise 40
  Net cash provided by operating activities increased to $1.691 billion for the thirty-nine weeks ended June 27, 2026, from $1.531 billion in the comparable 2025 period. The $160 million increase represented growth of…
• Interest Rate and Refinancing ExposureImportance 49 · Surprise 6
  The Company had total debt of $33,485 million as of June 27, 2026, and reported a weighted average cash interest rate of 6.2% for the quarter and year-to-date period. TransDigm targets a capital structure with at least…
• Liquidity and Cash PositionImportance 47 · Surprise 22
  Cash and cash equivalents were $2,773 million at June 27, 2026, compared with $2,808 million at September 30, 2025, while working capital increased to $5,197 million from $4,830 million. Cash liquidity totaled $3,637…
• Supply Chain ConstraintsImportance 40 · Surprise 56
  TransDigm increased raw-material inventory during the first nine months of fiscal 2026 to support higher sales demand. The inventory increase used $232 million of cash, compared with $158 million in the prior-year…
• Capital ExpendituresImportance 39 · Surprise 38
  Capital expenditures totaled $205 million during the thirty-nine weeks ended June 27, 2026, up from $156 million in the comparable prior-year period. Net cash used in investing activities was $3,370 million, including…
• Middle East Conflict ImpactImportance 37 · Surprise 42
  TransDigm reported that commercial aftermarket demand remained strong despite softer industry capacity and revenue passenger miles arising from the Middle East conflict. Management is monitoring adverse effects on…
• Defense Spending OutlookImportance 37 · Surprise 42
  TransDigm stated that its defense business depends on government budget constraints, order timing, U.S. Department of War procurement policy and the extent of global conflicts. Management described the military…
• Income Tax Rate ChangesImportance 25 · Surprise 32
  The effective income tax rate increased to approximately 23.4% in the third quarter of fiscal 2026 from 22.4% in the prior-year quarter. For the first thirty-nine weeks, the effective tax rate increased to…
• Debt Covenant ComplianceImportance 25 · Surprise 6
  TransDigm’s Credit Agreement and note indentures restrict additional indebtedness, special dividends, affiliate transactions, asset sales, acquisitions, mergers, liens and certain debt prepayments. Incremental term…
• DividendsImportance 19 · Surprise 6
  TransDigm declared no dividends during the thirty-nine-week period ended June 27, 2026. Dividend equivalent payments under the company’s stock incentive and option plans totaled approximately $59 million during the…
• Market Demand TrendsImportance 17 · Surprise 24
  Commercial aftermarket sales increased during the first nine months of fiscal 2026, supported by demand for domestic and international air travel and strong passenger load factors. Demand remained strong despite…
• Geographic Market CommentaryImportance 17 · Surprise 24
  Commercial aftermarket demand benefited from both domestic and international air travel during the first nine months of fiscal 2026. Defense sales grew in both domestic and international markets, reflecting broader…
• Products and TechnologyImportance 15 · Surprise 6
  TransDigm describes itself as a global designer, producer and supplier of highly engineered proprietary aerospace components with significant aftermarket content. The company focuses on highly customized products that…

8-K · 2026-08-04

• Guidance / OutlookImportance 85 · Surprise 76
  TransDigm raised fiscal 2026 midpoint guidance for net sales by $150 million to approximately $10.510 billion, compared with $8.831 billion in fiscal 2025. The company increased EBITDA As Defined midpoint guidance by…
• Guidance and OutlookImportance 85 · Surprise 76
  TransDigm raised fiscal 2026 guidance on August 4, 2026, increasing midpoint net sales by $150 million to approximately $10,510 million, EBITDA As Defined by $100 million to $5,520 million, and adjusted EPS by $1.52 to…
• Outstanding IndebtednessImportance 74 · Surprise 58
  TransDigm completed a $1.5 billion incremental debt offering on April 17, 2026. The financing comprised $500 million of 6.125% Senior Subordinated Notes maturing July 31, 2034, and $1.0 billion of additional Tranche N…
• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  TransDigm completed the cash acquisition of Jet Parts Engineering and Victor Sierra on April 7, 2026, for approximately $2.2 billion. Jet Parts Engineering provides proprietary OEM-alternative aerospace aftermarket…
• Revenue Performance and MixImportance 59 · Surprise 48
  Third-quarter fiscal 2026 net sales increased 23%, or $504 million, year over year to $2,741 million from $2,237 million. Organic sales growth was 13% of net sales, while all three major market channels delivered…
• Capital Return ProgramImportance 58 · Surprise 42
  TransDigm repurchased approximately $1.0 billion of common stock during the fiscal 2026 third quarter. It repurchased 809,101 shares at an average price of $1,208 per share during the quarter and 1,496,383 shares for…
• Operating Expense TrendsImportance 52 · Surprise 56
  Third-quarter selling and administrative expense increased to $332 million from $242 million, a $90 million or approximately 37% year-over-year increase. Year-to-date selling and administrative expense rose to $859…
• Operating Margin DriversImportance 48 · Surprise 40
  Third-quarter gross profit increased $296 million to $1,628 million from $1,332 million, while income from operations increased $188 million to $1,227 million from $1,039 million. Income from operations represented…
• Income Tax Rate ChangesImportance 42 · Surprise 30
  Third-quarter income tax provision increased to $173 million from $142 million as pretax income increased to $713 million from $635 million. The implied quarterly effective tax rate was approximately 24.3%, compared…
• Market Demand TrendsImportance 27 · Surprise 40
  TransDigm reported double-digit growth across all three major market channels in the fiscal 2026 third quarter. Commercial aftermarket sales grew 17%, while commercial OEM demand benefited from aircraft OEMs increasing…
• Liquidity and Cash PositionImportance 24 · Surprise 14
  Cash and cash equivalents totaled $2.773 billion at June 27, 2026, compared with $2.808 billion at September 30, 2025. Trade accounts receivable increased to $1.817 billion from $1.617 billion, and inventories…

News · 2026-08-04

• Guidance / OutlookImportance 75 · Surprise 60
  TransDigm raised its fiscal 2026 outlook after reporting third-quarter results for the period ended June 27, 2026. Full-year net sales are expected to be $10.47 billion to $10.55 billion, while adjusted EPS is…
• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  TransDigm completed the $2.2 billion acquisition of Jet Parts Engineering and Victor Sierra Aviation. The company also agreed to acquire aerospace alloy-materials supplier Prince & Izant for approximately $1.07 billion…
• Revenue Performance and MixImportance 59 · Surprise 48
  Fiscal 2026 third-quarter net sales increased 23% year over year to $2,741 million from $2,237 million. Commercial aftermarket revenue grew 17% year over year, while commercial OEM, aftermarket, and defense businesses…
• Capital Return ProgramImportance 58 · Surprise 42
  TransDigm repurchased approximately $1.0 billion of shares during the fiscal 2026 third quarter. Fiscal year-to-date repurchases reached approximately $1.8 billion. The reported buybacks represent a material…
• Regulatory RiskImportance 37 · Surprise 42
  Management reportedly withdrew from one proposed acquisition because of regulatory hurdles. The digest does not identify the target, reviewing authority, jurisdiction, or estimated financial impact. The development…
• Operating Margin DriversImportance 36 · Surprise 40
  Third-quarter EBITDA As Defined increased 19% year over year to $1,447 million, below the 23% sales increase. EBITDA As Defined margin was 52.8%, and third-party analysis reported year-over-year margin pressure.…
• Market Demand TrendsImportance 36 · Surprise 40
  TransDigm reported strong demand across commercial aftermarket, commercial OEM, and defense aerospace markets in fiscal 2026 third quarter. Commercial aftermarket revenue increased 17% year over year, indicating…