CLEVELAND, Aug. 6, 2024 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, today reported results for the third quarter ended June 29, 2024. Third quarter highlights include: Net sales of $2,046 million, up 17% from $1,744 million in the prior year's quarter; Net income of $461 million, up 31% from the prior year's quarter; Earnings per share of $7.96, up 30% from the prior year's quarter; EBITDA As Defined of ...

Core Insights - TransDigm Group (TDG) is expected to report quarterly earnings of $8.45 per share, reflecting a 16.6% increase year-over-year, with revenues projected at $1.99 billion, a 14.4% increase from the previous year [1] Earnings Estimates - The consensus EPS estimate for the quarter has been revised upward by 0.9% over the past 30 days, indicating analysts' positive reassessment of the company's performance [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock price performance [3] Revenue Projections - Analysts predict 'Net sales to external customers- Non-aviation' at $50.52 million, a 5.3% increase from the prior year [5] - 'Net sales to external customers- Airframe' are estimated at $934.67 million, reflecting an 11.9% year-over-year increase [5] - 'Net sales to external customers- Power & Control' are expected to reach $991.78 million, indicating a 15.2% increase year-over-year [6] - The consensus for 'Net sales to external customers- Airframe- Commercial and non-aerospace OEM' stands at $300.65 million, suggesting an 18.4% increase from the previous year [6] - 'Net sales to external customers- Airframe- Defense' is projected at $291.45 million, a 6.4% increase year-over-year [7] - 'Net sales to external customers- Power & Control- Defense' is expected to reach $457.21 million, reflecting an 11.5% increase [7] - 'Net sales to external customers- Power & Control- Commercial and non-aerospace aftermarket' is estimated at $327.11 million, indicating a 20.3% increase [8] - 'Net sales to external customers- Power & Control- Commercial and non-aerospace OEM' is projected at $212.36 million, reflecting an 18.6% increase [8] - 'Net sales to external customers- Airframe- Commercial and non-aerospace aftermarket' is expected to be $337.41 million, a 9.9% increase year-over-year [9] EBITDA Estimates - Analysts estimate 'EBITDA- Power & Control' to reach $552.25 million, compared to $487 million in the same quarter last year [9] - 'EBITDA- Non-aviation' is projected at $20.31 million, slightly down from $21 million reported in the previous year [10] - 'EBITDA- Airframe' is expected to be $484.50 million, up from $417 million reported in the same quarter last year [10] Market Performance - Shares of TransDigm have shown a return of +0.8% over the past month, compared to a +1.1% change in the Zacks S&P 500 composite [10] - With a Zacks Rank 2 (Buy), TDG is anticipated to outperform the overall market in the near future [10]

Company Overview - Raptor Scientific is a leading global manufacturer of complex test and measurement solutions primarily serving the aerospace and defense markets [1] - The company generates nearly all of its revenue from proprietary products, with an expected revenue of approximately $90 million for the calendar year ending December 31, 2024 [1] - Raptor Scientific employs around 170 people and has manufacturing locations in Livermore, CA; Woodland Hills, CA; Berlin, CT; Huntsville, AL; and Peterborough, NH [1] Acquisition Details - TransDigm Group has successfully completed its acquisition of Raptor Labs Holdco, LLC (Raptor Scientific) for approximately $655 million in cash, including certain tax benefits [6] - The acquisition was financed through cash on hand and was previously announced on May 28, 2024 [6] Product Offerings - TransDigm Group, through its subsidiaries, designs, produces, and supplies highly engineered aircraft components for nearly all commercial and military aircraft in service today [3] - Major product offerings include mechanical/electro-mechanical actuators, ignition systems, specialized pumps and valves, batteries, cockpit security components, advanced sensor products, and various electronic components [3]

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering TransDigm Group (TDG) , which belongs to the Zacks Aerospace - Defense Equipment industry. When looking at the last two reports, this aircraft components maker has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 10.41%, on average, in the last two quarters. For the last reported quarter, TransDigm came out with e ...

The earnings report, which is expected to be released on August 6, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $1.99 billion, up 14.4% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.87% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collecti ...

The webcast will be archived on the website and available for replay later that day. CLEVELAND, July 29, 2024 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG) today said it will report fiscal 2024 third quarter earnings before the market opens on Tuesday, August 6, 2024. 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 ser ...

Core Viewpoint - TransDigm Group reported strong second-quarter fiscal 2024 earnings, beating estimates and raising its sales guidance for the year, indicating positive momentum in its financial performance. Financial Performance - Adjusted earnings for Q2 fiscal 2024 were $7.99 per share, exceeding the Zacks Consensus Estimate of $7.37 by 8.4% and improving 33.6% from $5.98 in the prior-year quarter [2] - Net sales reached $1.92 billion, a 20.5% increase from $1.59 billion in the same period last year, also surpassing the Zacks Consensus Estimate of $1.89 billion by 1.8% [3] - Gross profit for the quarter was $1.15 billion, up 24% from $929 million year-over-year [4] - Net income rose 32.9% year-over-year to $404 million, driven by increased net sales and the company's operating strategy [4] Financial Position - Cash and cash equivalents as of March 30, 2024, were $4.29 billion, up from $3.47 billion as of September 30, 2023 [5] - Long-term debt increased to $21.33 billion from $19.33 billion as of September 30, 2023 [5] - Cash from operating activities was $865 million compared to $507 million at the end of Q2 fiscal 2023 [5] Guidance - The company raised its fiscal 2024 sales guidance to a range of $7.68-$7.80 billion, up from the previous range of $7.48-$7.68 billion [6] - Adjusted earnings guidance for fiscal 2024 is now expected to be between $31.75-$33.09 per share, an increase from the prior guidance of $31.00-$32.94 [7] Market Sentiment - There has been an upward trend in estimates for the stock over the past month, indicating positive investor sentiment [8] - TransDigm currently holds a Zacks Rank 3 (Hold), suggesting an expectation of in-line returns in the coming months [11] Industry Comparison - TransDigm is part of the Zacks Aerospace - Defense Equipment industry, where competitor Curtiss-Wright reported revenues of $713.17 million, a year-over-year increase of 13.1% [12] - Curtiss-Wright has a Zacks Rank 2 (Buy), indicating a more favorable outlook compared to TransDigm's current ranking [13]

CLEVELAND, June 6, 2024 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG) today announced it has successfully completed its acquisition of the Electron Device Business ("the Company") of Communications & Power Industries, a portfolio company of TJC, L.P., for approximately $1.385 billion in cash. TransDigm financed the acquisition through cash on hand as well as cash proceeds from the notes offerings completed in November 2023. The acquisition of the CPI Electron Device Business was previously announ ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

Company Overview - TransDigm Group Incorporated is a leading global designer, producer, and supplier of highly engineered aircraft components for nearly all commercial and military aircraft in service today [2] - Major product offerings include mechanical/electro-mechanical actuators and controls, ignition systems, specialized pumps and valves, and various other aerospace components [2] Investor Conference Announcement - TransDigm Group will host its 2024 Investor Conference on June 26, 2024, in New York City, starting at 9:00 a.m. and concluding by 2:00 p.m. [1] - Presenters at the event will include key executives such as the President and CEO, Co-COOs, and the CFO, along with selected operating unit management [1] - The event is expected to have limited space and is likely to fill up quickly, requiring advance registration for security analysts and portfolio managers [1]