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Transdigm Group Incorporated (TDG)

- NYSE
  • Thu, Aug. 20, 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)
    | Comment!
  • Tue, Aug. 4, 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.
    • Press Release
    | Comment!
  • Tue, Jul. 28, 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.
    | Comment!
  • Tue, Jul. 14, 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
    | 7 Comments
  • Thu, May 14, 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)
    | Comment!
  • Tue, May 5, 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
    | Comment!
  • Tue, May 5, 7:19 AM
    • Transdigm Group (NYSE:TDG): FQ2 EPS of $2.11 beats by $0.10.
    • Revenue of $619.03M (+4.8% Y/Y) misses by $12.58M.
    • Press Release
    | Comment!
  • Fri, May 1, 8:41 AM
    • TransDigm (NYSE:TDG) has agreed to acquire the assets of Pexco Aerospace, a manufacturer of extruded plastic interior aerospace parts, for approximately $496M.
    • The company expects to finance the acquisition through a combination of cash on hand, existing availability under a revolving credit facility and new debt.
    • TDG +1.7% premarket
    | Comment!
  • Thu, Apr. 2, 4:29 PM
    • TransDigm Group (NYSE:TDG) hires Terrance Paradie as its Executive VP and CFO after leaving the CFO job at mining company Cliffs Natural Resources.
    • TDG also names outgoing CFO Greg Rufus as Senior Executive VP to facilitate his intention to retire next year.
    | Comment!
  • Wed, Apr. 1, 8:37 AM
    • Following its Telair Cargo purchase last week, TransDigm (NYSE:TDG) announces that is has acquired the aerospace division of Franke Aquarotter for approximately $75M.
    • Going forward, the business' name will be Adams Rite Aerospace.
    | Comment!
  • Thu, Mar. 26, 10:54 AM
    • TransDigm (TDG -0.2%) has completed its purchase of the Telair Cargo Group, an aerospace cargo handling business, from AAR (AIR), for ~$725M in cash.
    • The company financed the acquisition through a combination of existing cash on hand and borrowing of $75M under its existing revolving credit facility.
    • Previously: TransDigm to acquire Telair Cargo Group (Feb. 23 2015)
    | Comment!
  • Mon, Feb. 23, 8:40 AM
    • TransDigm (NYSE:TDG) has agreed to purchase the Telair Cargo Group, an aerospace cargo handling business, from AAR (NYSE:AIR), for approximately $725M in cash.
    • For the fiscal year ending May 2015, Telair revenues are anticipated to be about $300M with EBITDA margins approaching 20%.
    | Comment!
  • Tue, Jan. 27, 9:47 AM
    • TransDigm (TDG -2.6%) shares are on the decline after missing EPS and revenue estimates.
    • Adjusted net income of $101.8M, or $1.80 per share vs. $94.8M, or $1.66 per share in the same quarter of 2013.
    • Net sales grew 10.9% Y/Y to $586.9M from $529.3M. Organic net sales growth accounted for approximately 25% of the increase in net sales.
    • EBITDA increased 11.9% to $262.5M from $234.5M in the comparable quarter a year ago.
    • The company confirmed its 2015 outlook: Net income is expected to be in the range of $429M-443M vs. $307M in fiscal 2014. Adjusted earnings per share are expected to be in the range of $8.03-$8.29 per share vs. $7.76 per share in fiscal 2014.
    • FQ1 results
    | Comment!
  • Tue, Jan. 27, 7:20 AM
    • Transdigm Group (NYSE:TDG): FQ1 EPS of $1.80 misses by $0.06.
    • Revenue of $586.9M (+10.9% Y/Y) misses by $10.33M.
    • Press Release
    | Comment!
  • Mon, Jan. 26, 5:30 PM
  • Fri, Jan. 16, 7:31 AM
    • TransDigm (NYSE:TDG) will report FQ1 results on Jan. 27. The conference call is scheduled to begin at 11:00 a.m. ET.
    • Consensus view is EPS of $1.86 on revenues of $594.6M.
    | Comment!
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Company Description
TransDigm Group Inc is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company's business segments arePower& Control, Airframe and Non-aviation.