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Last $220.12 USD
Change Today +5.19 / 2.41%
Volume 609.8K
TDG On Other Exchanges
Symbol
Exchange
Berlin
New York
As of 4:15 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

transdigm group inc (TDG) Snapshot

Open
$216.08
Previous Close
$214.93
Day High
$220.30
Day Low
$214.52
52 Week High
02/25/15 - $226.21
52 Week Low
05/6/14 - $152.64
Market Cap
11.7B
Average Volume 10 Days
368.2K
EPS TTM
$5.59
Shares Outstanding
53.3M
EX-Date
06/12/14
P/E TM
39.4x
Dividend
--
Dividend Yield
11.35%
Current Stock Chart for TRANSDIGM GROUP INC (TDG)

transdigm group inc (TDG) Related Businessweek News

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transdigm group inc (TDG) Details

TransDigm Group Incorporated, through its subsidiaries, designs, produces, and supplies aerospace components for commercial and military aircraft customers in the United States. The company operates through three segments: Power & Control, Airframe, and Non-aviation. The Power & Control segment develops, produces, and markets systems and components, including mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, and specialized AC/DC electric motors and generators. This segment serves engine and power system and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies, and repair depots. The Airframe segment offers systems and components comprising engineered latching and locking devices, rods and locking devices, engineered connectors and elastomers, cockpit security components and systems, aircraft audio systems, specialized lavatory components, seatbelts and safety restraints, engineered interior surfaces, lighting and control technology, military personnel parachutes, and cargo aerial delivery systems. This segment serves airframe manufacturers and cabin system suppliers and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies, and repair depots. The Non-aviation segment provides seatbelts and safety restraints for ground transportation applications; mechanical/electro-mechanical actuators and controls for space applications; and refueling systems for heavy equipment used in mining, construction, and other industries. It serves off road vehicle and subsystem suppliers; child restraint system suppliers; satellite and space system suppliers; and manufacturers of heavy equipment used in mining, construction, and other industries. TransDigm Group Incorporated was founded in 1993 and is based in Cleveland, Ohio.

7,300 Employees
Last Reported Date: 11/14/14
Founded in 1993

transdigm group inc (TDG) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $2.4M
Senior Executive Vice President
Total Annual Compensation: $835.6K
Chief Operating Officer of Airframe
Total Annual Compensation: $785.0K
Executive Vice President of Mergers & Acquisi...
Total Annual Compensation: $688.8K
Compensation as of Fiscal Year 2014.

transdigm group inc (TDG) Key Developments

TransDigm Group Incorporated - Special Call

To discuss on the senior credit facility refinancing

TransDigm Group Incorporated Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 28, 2015; Provides Earnings Guidance for the Year 2015

TransDigm Group Incorporated reported unaudited consolidated earnings results for the second quarter and six months ended March 28, 2015. For the quarter, the company's net sales rose 4.8% to $619.0 million from $590.8 million in the comparable quarter a year ago. Net income for the quarter rose 22.7% to $110.9 million, or $1.96 per share, compared to $90.4 million, or $1.49 per share, in the comparable quarter a year ago. The increase in net income was primarily due to growth in net sales described above; strength of its proprietary products and continued productivity efforts; decrease in acquisition-related costs and amortization expense; and lower effective tax rate. Earnings per share were reduced in the prior period by $0.10 per share representing dividend equivalent payments during the quarter. Adjusted net income for the quarter rose 12.2% to $119.7 million, or $2.11 per share, from $106.6 million, or $1.87 per share, in the comparable quarter a year ago. EBITDA for the quarter increased 12.8% to $275.6 million from $244.4 million for the comparable quarter a year ago. EBITDA As Defined for the period increased 9.5% to $288.1 million compared with $263.0 million in the quarter a year ago. Income from operations was $256.6 million compared with $218.5 million a year ago. Income before income taxes was $156.7 million compared with $136.2 million a year ago. Net income applicable to common stock was $110.9 million compared with $84.9 million a year ago. The current EPS growth of 32% is higher than net income growth due to the dividend equivalent payment made in the comparable quarter last year that did not repeat. For the six months, the company's net sales rose 7.7% to $1,205.9 million from $1,120.1 million in the comparable period last year. The favorable contribution from the acquisitions of Airborne and Elektro-Metall (EME) accounted for the balance of the increase in net sales. Net income for the period increased 17.0% to $206.4 million, or $3.59 per share, compared with $176.5 million, or $2.93 per share, in the comparable period last year. The increase in net income primarily reflects the increase in net sales described above; strength of its proprietary products and continued productivity efforts; decrease in acquisition-related costs and amortization expense; and lower effective tax rate. Earnings per share were reduced in both fiscal 2015 and 2014 by $0.06 per share and $0.17 per share respectively, representing dividend equivalent payments made during each fiscal year. Adjusted net income for the period rose 9.9% to $221.4 million, or $3.91 per share, from $201.5 million, or $3.53 per share, in the comparable period a year ago. EBITDA for the period increased 12.4% to $538.1 million from $478.8 million for the comparable period a year ago. EBITDA As Defined for the period increased 10.1% to $557.8 million compared with $506.5 million in the comparable period a year ago. Income from operations was $497.2 million compared with $429.1 million a year ago. Income before income taxes was $298.4 million compared with $265.98 million a year ago. Net income applicable to common stock was $203.1 million compared with $166.9 million a year ago. Net cash provided by operating activities was $182.9 million compared with $220.5 million a year ago. For 2015, the company's net sales are anticipated to be in the range of $2,660 million to $2,690 million compared with $2,373 million in fiscal 2014; EBITDA As Defined is anticipated to be in the range of $1,195 million to $1,215 million compared with $1,073 million in fiscal 2014; net income is anticipated to be in the range of $432 million to $446 million compared with $307 million in fiscal 2014; earnings per share are expected to be in the range of $7.56 to $7.82 per share compared with $3.16 per share in fiscal 2014; and adjusted earnings per share are expected to be in the range of $8.49 to $8.75 per share compared with $7.76 per share in fiscal 2014. The effective tax rate will be below 32%. The company expects cash taxes to be approximately $175 million for fiscal 2015.

TransDigm Group Intends to Increase Its Existing Senior Secured Credit Facility

TransDigm Group announced its intention to increase its existing senior secured credit facility by approximately $450 million and increase availability under its revolving credit facility to approximately $500 million. In addition to the $450 million of new term loans, TransDigm Inc. may also seek to raise approximately $450 million of new subordinated debt. TransDigm intends to use the proceeds to finance the pending acquisition of Pexco Aerospace and replenish cash on the balance sheet.

 

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Industry Analysis

TDG

Industry Average

Valuation TDG Industry Range
Price/Earnings 56.4x
Price/Sales 4.9x
Price/Book -- Not Meaningful
Price/Cash Flow 29.0x
TEV/Sales -- Not Meaningful
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