TransDigm Group Reports Fiscal 2026 First Quarter Results
Rhea-AI Summary
TransDigm Group (NYSE: TDG) reported fiscal 2026 Q1 results for the quarter ended December 27, 2025: net sales $2,285M (+13.9% YoY), net income $445M, GAAP EPS $6.62, EBITDA As Defined $1,197M (+12.8% YoY), adjusted EPS $8.23 (+5.0%).
Management announced an upward revision to fiscal 2026 guidance and disclosed approximately $3.2B of expected post-quarter acquisition capital deployment.
Positive
- Net sales +13.9% to $2,285M in Q1
- EBITDA As Defined +12.8% to $1,197M in Q1
- Fiscal 2026 net sales guidance +12.6% at midpoint
- Announced acquisitions expected to add proprietary aftermarket capabilities
Negative
- Net income down 9.7% to $445M due to higher interest expense
- Planned capital deployment of ~$3.2B could increase leverage
- GAAP EPS reduced by dividend equivalents of $1.02 per share this quarter
Market Reaction
Following this news, TDG has declined 9.98%, reflecting a notable negative market reaction. Our momentum scanner has triggered 39 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $1292.29. This price movement has removed approximately $8.09B from the company's valuation. Trading volume is elevated at 2.0x the average, suggesting increased selling activity.
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Key Figures
Market Reality Check
Peers on Argus
TDG showed a modest gain of 0.56% with elevated volume, while peers were mixed: HWM (+0.19%), HEI (+0.03%), LHX (+0.66%), GD (-0.84%), and NOC (flat). The mixed peer moves and lack of sector momentum scanner hits point to an earnings-driven, company-specific move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 26 | Earnings call notice | Neutral | +1.2% | Set date and access details for upcoming Q1 2026 earnings call. |
| Jan 16 | Acquisition news | Positive | +1.1% | Third-party confirmation of $2.2B sale of JPE and VSA to TransDigm. |
| Jan 16 | Acquisition announcement | Positive | +1.1% | Company announces $2.2B cash acquisition of Jet Parts Engineering and Victor Sierra. |
| Dec 31 | Acquisition target sale | Positive | +1.0% | Arlington Capital to sell Stellant Systems to TransDigm for $960M. |
| Dec 31 | Acquisition announcement | Positive | +1.0% | TransDigm announces $960M Stellant acquisition with sizable proprietary, aftermarket revenue. |
Recent material announcements (acquisitions and corporate updates) have been followed by consistent, modestly positive next-day price reactions of around 1%, suggesting the market has generally viewed these strategic moves constructively.
Over the past several months, TransDigm has focused on strategic expansion and investor communications. On Dec 31, 2025, it announced the Stellant Systems acquisition for about $960 million, followed on Jan 16, 2026 by agreements to acquire Jet Parts Engineering and Victor Sierra Aviation for about $2.2 billion. These targets bring sizable aftermarket and proprietary product exposure. Each of these announcements, as well as the conference call scheduling on Jan 26, 2026, saw roughly 1% positive price reactions, indicating steady support for the company’s acquisition-driven growth strategy that this earnings report now references and builds upon.
Market Pulse Summary
The stock is down -10.0% following this news. A negative reaction despite stronger Q1 revenue and a higher fiscal 2026 outlook would fit a scenario where the market focused on weaker net income of $445 million and higher interest expense, or on execution and leverage risks tied to roughly $3.2 billion of pending acquisitions. Past acquisition announcements have drawn modestly positive responses, so a sharp decline would represent a divergence from recent patterns and might reflect concerns about margins, financing costs or integration rather than the top-line trajectory.
Key Terms
pma regulatory
AI-generated analysis. Not financial advice.
First quarter highlights include:
- Net sales of
$2,285 million 14% from$2,006 million - Net income of
$445 million - Earnings per share of
$6.62 - EBITDA As Defined of
$1,197 million 13% from$1,061 million - EBITDA As Defined margin of
52.4% - Adjusted earnings per share of
$8.23 5% from$7.83 - Upward revision to fiscal 2026 financial guidance.
Quarter-to-Date Results
Net sales for the quarter increased
Net income for the quarter was
GAAP earnings per share were reduced in the first quarter of fiscal 2026 and 2025 by
Adjusted net income for the quarter increased
EBITDA for the quarter increased
"We are pleased with our team's performance and operating results for the first quarter. This is a solid start to the 2026 fiscal year," stated Mike Lisman, TransDigm Group's CEO. "Total revenue ran ahead of our expectations. Additionally, bookings were strong in all three of our major market channels. In the first quarter, our commercial OEM market revenue increased in the double digits on a percentage basis as we supported higher build rates at the OEMs. Further, both our commercial aftermarket and defense markets performed well, with each of these markets growing in the high single digits. Our reported EBITDA As Defined margin for the quarter was
Additionally, subsequent to quarter end, we announced two acquisitions, which when closed will bring three new operating units into TransDigm. We are excited to have agreements to acquire Stellant, Jet Parts Engineering, and Victor Sierra. In the aggregate, approximately
As always, we remain committed to our operating strategy and the TransDigm value drivers. We look forward to the opportunity to continue creating value for our shareholders throughout the remainder of fiscal 2026."
Acquisition Activity
As previously announced on October 6, 2025, TransDigm completed the acquisition of Simmonds Precision Products from RTX Corporation. Simmonds Precision Products is a leading global designer and manufacturer of fuel & proximity sensing and structural health monitoring solutions for the aerospace and defense end markets.
Subsequent to the quarter, and as previously announced on December 31, 2025, TransDigm has entered into a definitive agreement to acquire Stellant Systems, Inc. ("Stellant") from Arlington Capital Partners for approximately
Additionally subsequent to the quarter, and as previously announced on January 16, 2026, TransDigm has entered into a definitive agreement to acquire Jet Parts Engineering ("JPE") and Victor Sierra Aviation Holdings ("VSA") from Vance Street Capital for approximately
Share Repurchase Activity
During the thirteen week period ended December 27, 2025, TransDigm repurchased approximately 85 thousand shares of its common stock at an average price per share of
Please see the attached tables for a reconciliation of net income to EBITDA, EBITDA As Defined, and adjusted net income; a reconciliation of net cash provided by operating activities to EBITDA and EBITDA As Defined; and a reconciliation of earnings per share to adjusted earnings per share for the periods discussed in this press release.
Fiscal 2026 Outlook
Mr. Lisman stated, "We are raising our full year fiscal 2026 financial guidance primarily to reflect our first quarter performance and current expectations for the remainder of the fiscal year. As we look across the balance of fiscal 2026, overall trends remain favorable for our primary end markets - commercial OEM, commercial aftermarket and defense. We continue to expect the commercial OEM market to see the highest rate of growth in fiscal 2026 as we support increasing build rates at the OEMs." This guidance excludes any contribution from the pending acquisitions of Stellant and JPE and VSA.
TransDigm now expects fiscal 2026 financial guidance to be as follows:
- Net sales are anticipated to be in the range of
$9,845 million $10,035 million $8,831 million 12.6% at the midpoint (an increase of$90 million - Net income is anticipated to be in the range of
$1,952 million $2,064 million $2,074 million 3.2% at the midpoint primarily due to additional interest expense relating to the financing activities completed during the fourth quarter of fiscal 2025 (an increase of$42 million - Earnings per share is expected to be in the range of
$32.47 $34.39 $32.08 4.2% at the midpoint (an increase of$0.86 - EBITDA As Defined is anticipated to be in the range of
$5,140 million $5,280 million $4,760 million 9.5% at the midpoint (an increase of$60 million 52.4% for fiscal 2026); - Adjusted earnings per share is expected to be in the range of
$37.42 $39.34 $37.33 2.8% at the midpoint compared to prior year (an increase of$0.87 - Fiscal 2026 outlook is based on the following market growth assumptions:
- Commercial OEM revenue growth in the high single-digit to mid-teens percentage range;
- Commercial aftermarket revenue growth in the high single-digit percentage range; and
- Defense revenue growth in the mid single-digit to high single-digit percentage range.
Please see the attached Table 6 for a reconciliation of EBITDA, EBITDA As Defined to net income and reported earnings per share to adjusted earnings per share guidance midpoint estimated for the fiscal year ending September 30, 2026. Additionally, please see attached Table 7 for comparison of the current fiscal year 2026 guidance versus the previously issued fiscal year 2026 guidance.
Earnings Conference Call
TransDigm Group will host a conference call for investors and security analysts on February 3, 2026, beginning at 11:00 a.m., Eastern Time. To join the call telephonically, please register for the call at https://register-conf.media-server.com/register/BIfa66f67b57da497c8e296ec22021d598. Once registered, participants will receive the dial-in information and a unique pin to access the call. The dial-in information and unique pin will be sent to the email used to register for the call. The unique pin is exclusive to the registrant and can only be used by one person at a time. A live audio webcast of the call can also be accessed online at https://www.transdigm.com. A slide presentation will also be available for reference during the conference call; go to the investor relations page of our website and click on "Presentations."
The call will be archived on the website and available for replay at approximately 2:00 p.m., Eastern Time.
About TransDigm Group
TransDigm Group, through its wholly-owned subsidiaries, is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, engineered latching and locking devices, engineered rods, engineered connectors and elastomer sealing solutions, databus and power controls, cockpit security components and systems, specialized and advanced cockpit displays, engineered audio, radio and antenna systems, specialized lavatory components, seat belts and safety restraints, engineered and customized interior surfaces and related components, advanced sensor products, switches and relay panels, thermal protection and insulation, lighting and control technology, parachutes, high performance hoists, winches and lifting devices, and cargo loading, handling and delivery systems, specialized flight, wind tunnel and jet engine testing services and equipment, electronic components used in the generation, amplification, transmission and reception of microwave signals, and complex testing and instrumentation solutions.
Non-GAAP Supplemental Information
EBITDA, EBITDA As Defined, EBITDA As Defined margin, adjusted net income and adjusted earnings per share are non-GAAP financial measures presented in this press release as supplemental disclosures to net income and reported results. TransDigm Group defines EBITDA as earnings before interest, taxes, depreciation and amortization and defines EBITDA As Defined as EBITDA plus certain non-operating items recorded as corporate expenses, including non-cash compensation charges incurred in connection with TransDigm Group's stock option or deferred compensation plans, foreign currency gains and losses, acquisition-integration costs, acquisition transaction-related expenses, and refinancing costs. Acquisition transaction and integration-related expenses represent costs incurred to integrate acquired businesses into our operations; facility relocation costs and other acquisition-related costs; transaction and valuation-related costs for acquisitions comprising deal fees, legal, financial and tax due diligence expenses; and amortization expense of inventory step-up recorded in connection with the purchase accounting of acquired businesses. TransDigm Group defines adjusted net income as net income plus purchase accounting backlog amortization expense, effects from the sale on businesses, non-cash compensation charges incurred in connection with TransDigm Group's stock option or deferred compensation plans, foreign currency gains and losses, acquisition-integration costs, acquisition transaction-related expenses, and refinancing costs. EBITDA As Defined margin represents EBITDA As Defined as a percentage of net sales. TransDigm Group defines adjusted diluted earnings per share as adjusted net income divided by the total outstanding shares for basic and diluted earnings per share. For more information regarding the computation of EBITDA, EBITDA As Defined, adjusted net income and adjusted earnings per share, please see the attached financial tables.
TransDigm Group presents these non-GAAP financial measures because it believes that they are useful indicators of its operating performance. TransDigm Group believes that EBITDA is useful to investors because it is frequently used by securities analysts, investors and other interested parties to measure operating performance among companies with different capital structures, effective tax rates and tax attributes, capitalized asset values and employee compensation structures, all of which can vary substantially from company to company. In addition, analysts, rating agencies and others use EBITDA to evaluate a company's ability to incur and service debt. EBITDA As Defined is used to measure TransDigm Inc.'s compliance with the financial covenant contained in its credit facility. TransDigm Group's management also uses EBITDA As Defined to review and assess its operating performance, to prepare its annual budget and financial projections and to review and evaluate its management team in connection with employee incentive programs. Moreover, TransDigm Group's management uses EBITDA As Defined to evaluate acquisitions and as a liquidity measure. In addition, TransDigm Group's management uses adjusted net income as a measure of comparable operating performance between time periods and among companies as it is reflective of changes in pricing decisions, cost controls and other factors that affect operating performance.
None of EBITDA, EBITDA As Defined, EBITDA As Defined margin, adjusted net income or adjusted earnings per share is a measurement of financial performance under
Although we use EBITDA and EBITDA As Defined as measures to assess the performance of our business and for the other purposes set forth above, the use of these non-GAAP financial measures as analytical tools has limitations, and you should not consider any of them in isolation, or as a substitute for analysis of our results of operations as reported in accordance with
- neither EBITDA nor EBITDA As Defined reflects the significant interest expense, or the cash requirements, necessary to service interest payments on our indebtedness;
- although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and neither EBITDA nor EBITDA As Defined reflects any cash requirements for such replacements;
- the omission of the substantial amortization expense associated with our intangible assets further limits the usefulness of EBITDA and EBITDA As Defined;
- neither EBITDA nor EBITDA As Defined includes the payment of taxes, which is a necessary element of our operations; and
- EBITDA As Defined excludes the cash expense we have incurred to integrate acquired businesses into our operations, which is a necessary element of certain of our acquisitions.
Forward-Looking Statements
Statements in this press release that are not historical facts, including statements under the heading "Fiscal 2026 Outlook," are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "may," "will," "should," "expect," "intend," "plan," "predict," "anticipate," "estimate," or "continue" and other words and terms of similar meaning may identify forward-looking statements.
All forward-looking statements involve risks and uncertainties that could cause TransDigm Group's actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, TransDigm Group. These risks and uncertainties include but are not limited to: the sensitivity of our business to the number of flight hours that our customers' planes spend aloft and our customers' profitability, both of which are affected by general economic conditions; supply chain constraints; increases in raw material costs, taxes and labor costs that cannot be recovered in product pricing; failure to complete or successfully integrate acquisitions; our indebtedness; current and future geopolitical or other worldwide events, including, without limitation, wars or conflicts and public health crises; cybersecurity threats; risks related to the transition or physical impacts of climate change and other natural disasters or meeting regulatory requirements; our reliance on certain customers;
Contact: | Investor Relations | |
216-706-2945 | ||
TRANSDIGM GROUP INCORPORATED | ||||
CONSOLIDATED STATEMENTS OF INCOME | ||||
FOR THE THIRTEEN WEEK PERIODS ENDED | Table 1 | |||
DECEMBER 27, 2025 AND DECEMBER 28, 2024 | ||||
(Amounts in millions, except per share amounts) | ||||
(Unaudited) | ||||
Thirteen Week Periods Ended | ||||
December 27, 2025 | December 28, 2024 | |||
NET SALES | $ 2,285 | $ 2,006 | ||
COST OF SALES | 933 | 771 | ||
GROSS PROFIT | 1,352 | 1,235 | ||
SELLING AND ADMINISTRATIVE EXPENSES | 254 | 211 | ||
AMORTIZATION OF INTANGIBLE ASSETS | 56 | 50 | ||
INCOME FROM OPERATIONS | 1,042 | 974 | ||
INTEREST EXPENSE—NET | 475 | 378 | ||
OTHER INCOME | (5) | (23) | ||
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 572 | 619 | ||
INCOME TAX PROVISION | 127 | 126 | ||
NET INCOME | 445 | 493 | ||
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — | — | ||
NET INCOME ATTRIBUTABLE TO TD GROUP | $ 445 | $ 493 | ||
NET INCOME APPLICABLE TO TD GROUP COMMON STOCKHOLDERS | $ 386 | $ 444 | ||
Earnings per share attributable to TD Group common stockholders: | ||||
Earnings per share—Basic and diluted | $ 6.62 | $ 7.62 | ||
Weighted-average shares outstanding: | ||||
Basic and diluted | 58.2 | 58.3 | ||
TRANSDIGM GROUP INCORPORATED | ||||
SUPPLEMENTAL INFORMATION - RECONCILIATION OF | ||||
EBITDA, EBITDA AS DEFINED TO NET INCOME | ||||
FOR THE THIRTEEN WEEK PERIODS ENDED | Table 2 | |||
DECEMBER 27, 2025 AND DECEMBER 28, 2024 | ||||
(Amounts in millions, except per share amounts) | ||||
(Unaudited) | ||||
Thirteen Week Periods Ended | ||||
December 27, 2025 | December 28, 2024 | |||
Net Income | $ 445 | $ 493 | ||
Adjustments: | ||||
Depreciation and amortization expense | 100 | 90 | ||
Interest expense-net | 475 | 378 | ||
Income tax provision | 127 | 126 | ||
EBITDA | 1,147 | 1,087 | ||
Adjustments: | ||||
Acquisition transaction and integration-related expenses (1) | 12 | 13 | ||
Non-cash stock and deferred compensation expense (2) | 27 | 25 | ||
Other, net (3) | 11 | (64) | ||
Gross Adjustments to EBITDA | 50 | (26) | ||
EBITDA As Defined | $ 1,197 | $ 1,061 | ||
EBITDA As Defined Margin (4) | 52.4 % | 52.9 % | ||
(1) | Represents costs incurred to integrate acquired businesses into our operations; facility relocation costs and other acquisition-related costs; transaction and valuation-related costs for acquisitions comprising deal fees, legal, financial and tax due diligence expenses; and amortization expense of inventory step-up recorded in connection with the purchase accounting of acquired businesses. | |||||||||
(2) | Represents the compensation expense recognized under our stock option plans and deferred compensation plans. | |||||||||
(3) | Primarily represents foreign currency transaction gains or losses, payroll withholding taxes related to dividend equivalent payments and stock option exercises, non-service related pension costs, deferred compensation payments and other miscellaneous income or expense, such as gain on sale of business. | |||||||||
(4) | The EBITDA As Defined Margin represents the amount of EBITDA As Defined as a percentage of net sales. | |||||||||
TRANSDIGM GROUP INCORPORATED | ||||
SUPPLEMENTAL INFORMATION - RECONCILIATION OF REPORTED | ||||
EARNINGS PER SHARE TO ADJUSTED EARNINGS PER SHARE | ||||
FOR THE THIRTEEN WEEK PERIODS ENDED | Table 3 | |||
DECEMBER 27, 2025 AND DECEMBER 28, 2024 | ||||
(Amounts in millions, except per share amounts) | ||||
(Unaudited) | ||||
Thirteen Week Periods Ended | ||||
December 27, 2025 | December 28, 2024 | |||
Reported Earnings Per Share | ||||
Net income | $ 445 | $ 493 | ||
Less: Net income attributable to noncontrolling interests | — | — | ||
Net income attributable to TD Group | 445 | 493 | ||
Less: Dividends paid on participating securities | (59) | (49) | ||
Net income applicable to TD Group common stockholders—basic and diluted | $ 386 | $ 444 | ||
Weighted-average shares outstanding under the two-class method | ||||
Weighted-average common shares outstanding | 56.4 | 56.2 | ||
Vested options deemed participating securities | 1.8 | 2.1 | ||
Total shares for basic and diluted earnings per share | 58.2 | 58.3 | ||
Earnings per share—basic and diluted | $ 6.62 | $ 7.62 | ||
Adjusted Earnings Per Share | ||||
Net income | $ 445 | $ 493 | ||
Gross Adjustments to EBITDA | 50 | (26) | ||
Purchase Accounting Backlog Amortization | 8 | 6 | ||
Tax adjustment (1) | (24) | (17) | ||
Adjusted net income | $ 479 | $ 456 | ||
Adjusted diluted earnings per share under the two-class method | $ 8.23 | $ 7.83 | ||
Diluted Earnings Per Share to Adjusted Earnings Per Share | ||||
Diluted earnings per share from net income attributable to TD Group | $ 6.62 | $ 7.62 | ||
Adjustments to diluted earnings per share: | ||||
Inclusion of the dividend equivalent payments | 1.02 | 0.83 | ||
Acquisition transaction and integration-related expenses | 0.25 | 0.26 | ||
Non-cash stock and deferred compensation expense | 0.35 | 0.33 | ||
Tax adjustment on income from continuing operations before taxes (1) | (0.15) | (0.37) | ||
Other, net | 0.14 | (0.84) | ||
Adjusted earnings per share | $ 8.23 | $ 7.83 | ||
(1) | For the thirteen week periods ended December 27, 2025 and December 28, 2024, the Tax adjustment represents the tax effect of the adjustments at the applicable effective tax rate, as well as the impact on the effective tax rate when excluding the excess tax benefits on stock option exercises. Stock compensation expense is excluded from adjusted net income and therefore we have excluded the impact that the excess tax benefits on stock option exercises have on the effective tax rate for determining adjusted net income. | |||||||||
TRANSDIGM GROUP INCORPORATED | ||||
SUPPLEMENTAL INFORMATION - RECONCILIATION OF NET CASH | ||||
PROVIDED BY OPERATING ACTIVITIES TO EBITDA, EBITDA AS DEFINED | ||||
FOR THE THIRTEEN WEEK PERIODS ENDED | Table 4 | |||
DECEMBER 27, 2025 AND DECEMBER 28, 2024 | ||||
(Amounts in millions) | ||||
(Unaudited) | ||||
Thirteen Week Periods Ended | ||||
December 27, 2025 | December 28, 2024 | |||
Net cash provided by operating activities | $ 832 | $ 752 | ||
Adjustments: | ||||
Changes in assets and liabilities, net of effects from acquisitions and sales of | (250) | (156) | ||
Interest expense-net (1) | 464 | 369 | ||
Income tax provision-current | 128 | 128 | ||
Gain on sale of businesses, net | — | 19 | ||
Non-cash stock and deferred compensation expense (2) | (27) | (25) | ||
EBITDA | 1,147 | 1,087 | ||
Adjustments: | ||||
Acquisition transaction and integration-related expenses (3) | 12 | 13 | ||
Non-cash stock and deferred compensation expense (2) | 27 | 25 | ||
Other, net (4) | 11 | (64) | ||
EBITDA As Defined | $ 1,197 | $ 1,061 | ||
(1) | Represents interest expense, net of interest income, excluding the amortization of debt issuance costs and discount on debt. | |||||||||
(2) | Represents the compensation expense recognized under our stock option plans and deferred compensation plans. | |||||||||
(3) | Represents costs incurred to integrate acquired businesses into our operations; facility relocation costs and other acquisition-related costs; transaction and valuation-related costs for acquisitions comprising deal fees, legal, financial and tax due diligence expenses; and amortization expense of inventory step-up recorded in connection with the purchase accounting of acquired businesses. | |||||||||
(4) | Primarily represents foreign currency transaction gains or losses, payroll withholding taxes related to dividend equivalent payments and stock option exercises, non-service related pension costs, deferred compensation payments and other miscellaneous income or expense, such as gain on sale of business. | |||||||||
TRANSDIGM GROUP INCORPORATED | ||||
SUPPLEMENTAL INFORMATION - BALANCE SHEET DATA | Table 5 | |||
(Amounts in millions) | ||||
(Unaudited) | ||||
December 27, 2025 | September 30, 2025 | |||
Cash and cash equivalents | $ 2,528 | $ 2,808 | ||
Trade accounts receivable—Net | 1,564 | 1,617 | ||
Inventories—Net | 2,373 | 2,095 | ||
Current portion of long-term debt | 125 | 124 | ||
Short-term borrowings—trade receivable securitization facility | 724 | 724 | ||
Accounts payable | 385 | 368 | ||
Accrued and other current liabilities | 1,301 | 966 | ||
Long-term debt | 29,197 | 29,167 | ||
Total TD Group stockholders' deficit | (9,270) | (9,686) | ||
TRANSDIGM GROUP INCORPORATED | ||
SUPPLEMENTAL INFORMATION - RECONCILIATION OF EBITDA, | ||
EBITDA AS DEFINED TO NET INCOME AND REPORTED EARNINGS PER | ||
SHARE TO ADJUSTED EARNINGS PER SHARE GUIDANCE MIDPOINT | ||
FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2026 | Table 6 | |
(Amounts in millions, except per share amounts) | ||
(Unaudited) | ||
GUIDANCE MIDPOINT | ||
Fiscal Year Ended September 30, 2026 | ||
Net Income | $ 2,008 | |
Adjustments: | ||
Depreciation and amortization expense | 415 | |
Interest expense-net | 1,900 | |
Income tax provision | 619 | |
EBITDA | 4,942 | |
Adjustments: | ||
Acquisition transaction and integration-related expenses (1) | 54 | |
Non-cash stock and deferred compensation expense (1) | 190 | |
Other, net (1) | 24 | |
Gross Adjustments to EBITDA | 268 | |
EBITDA As Defined | $ 5,210 | |
EBITDA As Defined Margin (1) | 52.4 % | |
Earnings per share | $ 33.43 | |
Adjustments to earnings per share: | ||
Inclusion of the dividend equivalent payments | 1.02 | |
Acquisition transaction and integration-related expenses | 1.17 | |
Non-cash stock and deferred compensation expense | 2.50 | |
Other, net | 0.26 | |
Adjusted earnings per share | $ 38.38 | |
Weighted-average shares outstanding | 58.3 | |
(1) | Refer to Table 2 above for definitions of Non-GAAP measurement adjustments. | ||||
TRANSDIGM GROUP INCORPORATED | ||||||
SUPPLEMENTAL INFORMATION | ||||||
CURRENT FISCAL YEAR 2026 GUIDANCE VERSUS | ||||||
PRIOR FISCAL YEAR 2026 GUIDANCE | Table 7 | |||||
(Amounts in millions, except per share amounts) | ||||||
(Unaudited) | ||||||
Current | Prior | Change at | ||||
Net Sales | ||||||
GAAP Net Income | ||||||
GAAP Earnings Per Share | ||||||
EBITDA As Defined | ||||||
Adjusted Earnings Per Share | ||||||
Weighted-Average Shares Outstanding | 58.3 | 58.5 | (0.2) | |||
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SOURCE TransDigm Group Inc.
FAQ
What were TransDigm (TDG) fiscal 2026 Q1 sales and EBITDA figures?
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