Welcome to our dedicated page for Transdigm Group news (Ticker: TDG), a resource for investors and traders seeking the latest updates and insights on Transdigm Group stock.
TransDigm Group Incorporated (NYSE: TDG) is described in its public communications as a global designer, producer and supplier of highly engineered aircraft components, with products used on commercial and military aircraft across the aerospace industry. This news page aggregates company press releases and third-party coverage so readers can follow how TransDigm reports on its operations, acquisitions, financing activities and financial performance over time.
Recent news items highlight TransDigm’s acquisition activity, including the completed purchase of the Simmonds Precision Products business from RTX Corporation and the acquisition of Servotronics, Inc., both of which are described as designers and manufacturers of specialized aerospace and defense components. Another notable announcement is a definitive agreement to acquire Stellant Systems, Inc., a designer and manufacturer of high-power electronic components and subsystems serving the aerospace and defense end market. These stories illustrate how TransDigm uses acquisitions to add proprietary, highly engineered products with aftermarket content to its portfolio.
Investors and industry observers can also find updates on TransDigm’s quarterly and annual financial results, where the company reports net sales, net income and non-GAAP measures such as EBITDA As Defined and adjusted earnings per share. Earnings releases often include commentary on performance in commercial OEM, commercial aftermarket and defense markets, as well as guidance for future periods. Additional news covers capital structure decisions, such as new debt offerings, amendments to credit agreements and special cash dividends, along with governance developments like leadership transitions and board appointments.
By reviewing this news feed, readers gain a consolidated view of how TransDigm communicates key developments, from earnings and outlook to acquisitions and financing transactions. Bookmark this page to quickly access the latest publicly released information and historical announcements related to TDG.
TransDigm Group (NYSE: TDG) will announce its fiscal 2022 Q1 earnings on February 8, 2022, prior to market opening. A conference call is scheduled for 11:00 a.m. ET the same day, allowing investors to discuss the financial results. The call can be accessed via telephone or a live audio webcast on the company's website. The earnings report will provide insights into the company's performance and future outlook, crucial for stakeholders keen on understanding market trends affecting TDG.
TransDigm Group (NYSE:TDG) responded to a Department of Defense (DoD) Inspector General report asserting no wrongdoing by the Company. However, TransDigm disagreed with the report's implications, noting arbitrary standards leading to misleading conclusions. Key points of contention include the treatment of actual costs as excess profit and misleading profit percentage calculations. Despite these issues, the Company emphasized its ongoing cooperation and investment in supporting the DoD, highlighting improvements in the procurement process and positive feedback from DoD clients.
TransDigm Group (TDG) reported strong fourth-quarter results for the period ending September 30, 2021, with net sales increasing 9% to $1,279 million and a 107% rise in income from continuing operations to $209 million. Earnings per share surged 103% to $3.58, while EBITDA grew 28% to $636 million. However, fiscal 2021 net sales fell 6% to $4,798 million, and adjusted earnings per share decreased 16% to $12.13. While the company refrained from providing full fiscal 2022 guidance, it expressed optimism about the recovery in the commercial aerospace sector.
TransDigm Group (NYSE: TDG) will report its fiscal 2021 fourth quarter earnings on November 16, 2021, before market opens. A conference call is scheduled for 11:00 a.m. Eastern Time on the same day, accessible by dialing (833) 397-0943 or via a live audio webcast at transdigm.com. The call will be archived online for later replay. TransDigm specializes in highly engineered aircraft components used in commercial and military aircraft, catering to a significant portion of the aerospace market.
TransDigm Group (NYSE:TDG) announced it will not pursue an offer for Meggitt PLC due to limited due diligence information. Despite recognizing potential synergies, Chairman W. Nicholas Howley emphasized that a 900 pence offer did not align with their value creation goals. TransDigm had conducted extensive evaluations and arranged acquisition financing, but the uncertainties led to the decision. The company retains the option to revisit its stance should circumstances change, adhering to its disciplined approach to capital allocation.
On August 11, 2021, TransDigm Group confirmed its approach to Meggitt PLC for a potential acquisition of its entire share capital for cash. This announcement adheres to Rule 2.4 of the City Code on Takeovers and Mergers. TransDigm emphasized that there is no certainty that a firm offer will be made, nor the terms that may apply. The company retains the right to change the type of consideration proposed. A deadline for clarification of intentions concerning Meggitt will be announced by the Panel. Further updates will be communicated as necessary.
TransDigm Group Incorporated (TDG) reported Q3 2021 results with net sales of $1,218 million, up 19% from last year. Income from continuing operations rose to $317 million, a significant recovery from a loss of $5 million in the same quarter last year. Adjusted earnings per share hit $3.33, a 116% increase. However, fiscal 2021 guidance remains suspended due to ongoing COVID-19 impacts. The company announced a leadership change, with W. Nicholas Howley stepping down as Executive Chairman, now Non-Executive Chairman.
TransDigm Group (NYSE: TDG) will announce its fiscal 2021 third-quarter earnings on August 10, 2021, before market opening. A conference call is scheduled for 11:00 a.m. ET on the same day, with dial-in options for U.S. and international participants. The call will also be available as a live audio webcast on the company's website, archived for later access. TransDigm is a key player in providing highly engineered aircraft components across the aerospace industry, serving both commercial and military sectors.
TransDigm Group appointed Jane M. Cronin to its Board of Directors on July 1, 2021. Cronin, currently Senior Vice President – Corporate Controller of Sherwin Williams, brings extensive experience in public company accounting and integration with acquisitions. Her addition is anticipated to enhance TransDigm's financial oversight and strategic growth. The Board confirmed her independence under NYSE and SEC standards, reflecting a commitment to strong governance. TransDigm is recognized for providing engineered aircraft components to the aerospace industry.
TransDigm Group (NYSE: TDG) has finalized the sale of its ScioTeq and TREALITY Simulation Visual Systems businesses to OpenGate Capital for approximately $200 million. These businesses, acquired in March 2019, generated about $135 million in revenues for the fiscal year ending September 30, 2020. The financial results of these businesses will remain classified as continuing operations under U.S. GAAP.
This divestiture allows TransDigm to focus on its core aerospace components business.
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