Transdigm Group Incorporated
 (TDG)

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  • Wed, Feb. 10, 9:47 AM
    • Cowen & Barclays: Weakness is a buying opportunity.
    • Wellington Shields: Upgraded to Gradually Accumulate from Hold.
    • RBC Capital: Upgraded to Outperform from Sector Perform.
    • TransDigm (TDG +6.7%) is heading north following the comments/upgrades.
    | Wed, Feb. 10, 9:47 AM
  • Tue, Feb. 9, 9:06 AM
    • Adjusted net income of $128.7M, or $2.27 per share vs. $101.8M, or $1.80 per share in the same quarter a year ago.
    • Net sales grew 19.6% Y/Y to $701.7M from $586.9M in the comparable quarter a year earlier.
    • EBITDA increased 18.4% to $319.4M from $269.7M.
    • Fiscal 2016 Outlook: Net income of $539M-$553M; Adjusted earnings per share of $10.65 to $10.89; Net sales of $3.144B-$3.188B; EBITDA of $1.425B-$1.445B.
    • FQ1 results
    | Tue, Feb. 9, 9:06 AM | 3 Comments
  • Tue, Feb. 9, 7:18 AM
    • Transdigm Group (NYSE:TDG): FQ1 EPS of $2.27 misses by $0.05.
    • Revenue of $701.7M (+19.6% Y/Y) misses by $36.22M.
    • Press Release
    | Tue, Feb. 9, 7:18 AM
  • Mon, Feb. 8, 5:30 PM
    | Mon, Feb. 8, 5:30 PM | 13 Comments
  • Mon, Jan. 4, 8:45 AM
    • TransDigm (NYSE:TDG) has completed its tender offer for the outstanding shares of Breeze-Eastern Corporation (NYSEMKT:BZC) for $19.61 per share in cash, without interest and less any applicable withholding taxes.
    • The company expects to promptly complete its acquisition of Breeze-Eastern through a merger with TransDigm's subsidiary.
    • SEC Form 8-K
    • Previously: Breeze-Eastern set to become TransDigm subsidiary (Nov. 19 2015)
    | Mon, Jan. 4, 8:45 AM | 1 Comment
  • Dec. 31, 2015, 11:33 AM
    • Canaccord Genuity's Ken Herbert is expecting a positive year (and another in 2016) for aerospace and defense stocks, with a look at the commercial OE cycle pointing to strong ratios and an election year boosting prospects.
    • He sees a book-to-bill of about 1.4 based on commercial transport orders of about 1,900 this year, and a book-to-bill over 1 again in 2016.
    • Since 1992, Herbert notes, defense stocks have outperformed the broad market by 17% in election years.
    • Heading into next year, his top stock is Spirit AeroSystems Holdings (SPR +0.6%), which he says is further along in restructuring and cost control than peers; he rates it Buy with a $70 price target (42% upside).
    • Overall, the firm feels positive defense sentiment bodes best for Rockwell Collins (COL -1.3%; 14% upside in $105 target), Boeing (BA -1%; 14% upside in $165 target), Esterline Technologies (ESL -1.3%; 36% upside in $110 target) and Triumph Group (TGI -0.7%; 36% upside in $54 target).
    • An increase in aircraft maintenance spending would most benefit TransDigm Group (TDG -0.2%) and Heico (HEI -0.7%). Meanwhile, Rockwell Collins, Esterline, Triumph, B/E Aerospace (BEAV -1.1%) and Ducommun (DCO -0.6%) will be launching or accelerating restructurings in the coming year.
    | Dec. 31, 2015, 11:33 AM
  • Nov. 19, 2015, 8:21 AM
    • TransDigm (NYSE:TDG) and Breeze-Eastern (NYSEMKT:BZC) have announced a definitive merger agreement providing for Breeze-Eastern to become an indirect wholly-owned subsidiary of TransDigm.
    • Under terms of the agreement, a subsidiary of TransDigm will commence a tender offer to acquire all of the outstanding shares of Breeze-Eastern common stock for $19.61/share in cash, in a transaction valued at approximately $206M.
    • BZC -4% premarket
    | Nov. 19, 2015, 8:21 AM | 13 Comments
  • Nov. 12, 2015, 7:42 AM
    • Adjusted net income of $160.3M, or $2.83 per share vs. $125.4M, or $2.21 per share in the same quarter of 2014.
    • Net sales grew 26.1% Y/Y to $809.8M from $642.2M in the comparable quarter a year ago.
    • EBITDA increased 24.7% to $363M from $291.1M.
    • Fiscal 2016 Outlook: Net income of $526M-$540M; Adjusted earnings per share of $10.33 to $10.57; Net sales of $3.07B-$3.12M; EBITDA of $1.405B-$1.425B.
    • FQ4 results
    | Nov. 12, 2015, 7:42 AM
  • Nov. 12, 2015, 7:18 AM
    • Transdigm Group (NYSE:TDG): FQ4 EPS of $2.83 beats by $0.27.
    • Revenue of $809.79M (+26.1% Y/Y) beats by $4.37M.
    | Nov. 12, 2015, 7:18 AM
  • Nov. 11, 2015, 5:30 PM
    | Nov. 11, 2015, 5:30 PM | 1 Comment
  • Aug. 20, 2015, 8:26 AM
    • TransDigm (NYSE:TDG) has completed the acquisition of PneuDraulics, an aersospace manufacturer, for approximately $325M in cash.
    • The purchase price includes approximately $107M of tax benefits to be realized by TransDigm over a 15 year period beginning in 2015.
    • Previously: Transdigm Group to acquire PneuDraulics for $325M (Jul. 28 2015)
    | Aug. 20, 2015, 8:26 AM
  • Aug. 4, 2015, 7:17 AM
    • Transdigm Group (NYSE:TDG): FQ3 EPS of $2.26 misses by $0.01.
    • Revenue of $691.4M (+13.2% Y/Y) misses by $30.72M.
    | Aug. 4, 2015, 7:17 AM
  • Jul. 28, 2015, 5:39 PM
    • TransDigm (NYSE:TDG) agrees to acquire PneuDraulics, a California-based manufacturer of engineered aerospace pneumatic and hydraulic components and sub-systems, for ~$325M in cash.
    • TDG says the acquisition will allow it to expand its content on a number of substantial platforms, including Boeing 787 and Airbus A350.
    | Jul. 28, 2015, 5:39 PM
  • Jul. 14, 2015, 7:40 PM
    • The commercial aerospace segment still provides opportunities for double-digit gains over the next 18 months, as the "aero cycle has legs," J.P. Morgan analyst Seth Seifman says, initiating coverage of Boeing (NYSE:BA) and several peers with Overweight ratings.
    • Boeing’s cash flow outlook has been controversial, but Seifman views 787 unit cost reduction as a powerful driver that can push free cash flow to $9.1B in 2017, 44% above 2015 estimates with potential for growth beyond; Seifman sees the precedent Boeing set by returning $8B of cash last year as a signal of confidence in future cash flow.
    • General Dynamics' (NYSE:GD) balance sheet might drive upside, while Lockheed Martin (NYSE:LMT) could use its financial strength to create value, but Northrop Grumman (NYSE:NOC) is started at Underweight, as the analyst sees "fewer arrows left in the quiver" and expectations may be too high following recent outperformance in its shares.
    • Initiated at Overweight along with Boeing: GD, LMT, SPR, TDG.
    • Started at Neutral: BEAV, COL, PCP, TGI, TXT, HRS, LLL
    • Earlier: JPMorgan initiates coverage on several aerospace plays
    | Jul. 14, 2015, 7:40 PM | 7 Comments
  • May 14, 2015, 10:35 AM
    • TransDigm (TDG +1.2%) has completed the acquisition of the assets of Pexco Aerospace, a manufacturer of extruded plastic interior aerospace parts, for about $496M.
    • TransDigm shares have climbed 22.9% in the past 52 weeks.
    • Previously: TransDigm announces another acquisition (May. 01 2015)
    | May 14, 2015, 10:35 AM
  • May 5, 2015, 9:34 AM
    • Adjusted net income of $119.7M, or $2.11 per share vs. $106.6M, or $1.87 per share in the same quarter of 2014.
    • Net sales grew 4.8% Y/Y to $619M from $590.8M in the comparable quarter a year ago..
    • EBITDA increased 12.8% to $275.6M from $244.4M.
    • Updated 2015 outlook: Net income of $432M-$446M (vs. $429M-443M); Adjusted earnings per share of $8.49-$8.75 (vs. $8.03-$8.29); Net sales of $2.66B-$2,69M; EBITDA of $1.195B-$1.215B.
    • FQ2 results
    | May 5, 2015, 9:34 AM
Company Description
TransDigm Group Inc is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service.