Transdigm Group SEC Filings

TransDigm Group’s quarterly results show strong growth driven by commercial and defense demand plus acquisitions, alongside very high leverage and active capital returns.

For the thirteen weeks ended March 28, 2026, net sales rose to $2,544 million from $2,150 million, with broad increases across commercial OEM, commercial aftermarket and defense. Net income attributable to TD Group increased to $535 million from $479 million, and earnings per share for common stockholders grew to $9.20 from $8.24.

For the twenty‑six week period, net sales reached $4,828 million versus $4,156 million, while net income attributable to TD Group was $980 million compared to $972 million; earnings per share were $15.82 versus $15.86, reflecting higher dividends on participating securities. Operating cash flow was $967 million, supporting cash‑funded acquisitions and buybacks.

TransDigm completed or agreed to several sizable deals, including Jet Parts Engineering and Victor Sierra Aviation for approximately $2.2 billion and Simmonds for about $757 million, plus bolt‑on acquisitions totaling $243 million. It also agreed to acquire Stellant Systems for roughly $960 million, subject to regulatory approvals.

To fund transactions and refinance, the company expanded its already large debt stack with $1,200 million of 6.125% senior subordinated notes due 2034 and $800 million of new Tranche N term loans, followed by an additional $500 million of 6.125% 2034 notes and $1,000 million of Tranche N term loans after quarter‑end. Total long‑term debt reached $31,150 million versus total assets of $25,442 million.

Shareholder returns remained aggressive. During the first half of fiscal 2026, TransDigm repurchased 687,282 common shares for $829 million at an average price of $1,206.68 per share, with $4,958 million still available under the repurchase program. An additional 66,537 shares were repurchased in April 2026 for $76 million. Despite the high leverage and interest expense of $959 million year‑to‑date, management continues to emphasize its value‑driven strategy, using acquisitions and aftermarket‑focused aerospace components to support long‑term earnings and cash generation.

TransDigm Group reported strong fiscal 2026 second quarter results, with net sales of $2,544 million, up 18% from $2,150 million a year earlier. Net income rose to $536 million, an increase of 11.9%, and earnings per share reached $9.20, up 12%.

EBITDA As Defined grew 15.1% to $1,337 million, delivering a high margin of 52.6%. Adjusted earnings per share rose to $9.85 from $9.11. For the first half, net sales increased 16.2% to $4,828 million, and adjusted EPS climbed to $18.09 from $16.94.

The company completed the $2.2 billion acquisition of Jet Parts Engineering and Victor Sierra and has an agreement to buy Stellant Systems for about $960 million. It also returned $905 million to shareholders year-to-date through share repurchases. TransDigm raised its fiscal 2026 guidance, now targeting midpoint net sales of about $10.36 billion, EBITDA As Defined of about $5.42 billion, and adjusted EPS of about $39.52.

TransDigm Group Inc: Vanguard Capital Management reports beneficial ownership of 4,224,820 shares of common stock, equal to 7.48% of the class as of 03/31/2026. The filing shows sole dispositive power for 4,224,820 shares and sole voting power for 555,091 shares; holdings are reported on behalf of Vanguard affiliates and managed accounts.

TransDigm Group Inc. director W. Nicholas Howley, through the W. Nicholas Howley Family Trust u/a/d 4/23/99, reported an exercise-and-sell sequence in TransDigm common stock. The trust exercised stock options for 10,132 shares at exercise prices of $66.47 and $50.92 per share.

On the same date, the trust completed multiple open-market sales totaling 10,132 shares at per-share prices generally around $1,260–$1,272, reported as weighted averages for several price ranges. Following these transactions, the trust indirectly held 31,336.513 shares of TransDigm common stock.

TransDigm Group Incorporated, through its subsidiary TransDigm Inc., completed $1,500 million of new debt financing. This includes $500 million of 6.125% Senior Subordinated Notes due July 31, 2034 and $1,000 million of additional tranche N term loans maturing February 13, 2033.

TransDigm Group intends to use the net proceeds, together with cash on hand, to fund the purchase price of the expected acquisition of Stellant Systems, Inc., approximately $800 million of common share repurchases completed in March 2026, and related transaction fees and expenses. The new notes and loans carry covenant, ranking and default terms typical for TransDigm’s existing credit structure.

TransDigm Group’s Co-Chief Operating Officer Joel Reiss exercised stock options for 3,900 shares of common stock at an exercise price of $284.9700 per share and on the same date sold 3,900 shares in multiple open-market transactions at prices ranging from $1,273.8500 to $1,294.8000. Following these transactions, he holds 3,600 shares of TransDigm common stock directly.

TransDigm Group Incorporated priced an incremental $1,500 million of new debt to help fund its planned acquisition of Stellant Systems, Inc. and approximately $800 million of common share repurchases completed in March 2026.

The company is issuing $500 million of additional 6.125% Senior Subordinated Notes due 2034 through its subsidiary TransDigm Inc. at 100.375% of principal, with closing expected on April 17, 2026 subject to customary conditions. TransDigm Inc. also expects to incur up to $1,000 million of new tranche N term loans maturing in February 2033 under an amendment to its existing credit agreement, although completion of this amendment depends on market and other conditions.

TransDigm Group released preliminary results for the thirteen-week period ended March 28, 2026, reporting net sales of about $2,540 million to $2,545 million and EBITDA As Defined of about $1,330 million to $1,335 million. These figures are unaudited estimates and may change after full closing procedures.

The company’s subsidiary, TransDigm Inc., plans, subject to market and other conditions, to raise $1,250 million of new debt, including $250 million of additional 6.125% senior subordinated notes due 2034 and $1,000 million of new term loans. TransDigm Group intends to use the net proceeds, together with cash on hand, to fund the Stellant Systems acquisition, approximately $800 million of common share repurchases completed in March 2026, and related transaction fees and expenses.

TransDigm Group Incorporated has completed its acquisition of Jet Parts Engineering and Victor Sierra Aviation Holdings for approximately $2.2 billion in cash, including certain tax benefits. The deal was funded with cash on hand and proceeds from debt offerings completed in February 2026.

Jet Parts Engineering is a leading independent designer and manufacturer of proprietary OEM-alternative aerospace parts and repairs, generating nearly all revenue from the commercial aftermarket and employing about 300 people. Victor Sierra Aviation focuses on proprietary PMA and other aftermarket parts for general and business aviation, with nearly all revenue from the commercial aftermarket and a workforce of about 400.

The two companies together produced approximately $280 million in revenue for the year ended December 31, 2025, expanding TransDigm’s presence in highly engineered commercial aerospace aftermarket components.