TransDigm(US:TDG)2025-05-06 11:18Financial Performance - Net sales for Q2 2025 increased by 12.0%, or $231 million, to $2,150 million from $1,919 million in the prior year[3]. - Net income for Q2 2025 rose by $75 million, or 18.6%, to $479 million compared to $404 million in the same quarter last year[4]. - Adjusted net income for Q2 2025 increased by 14.5% to $529 million, or $9.11 per share, from $462 million, or $7.99 per share, in the prior year[5]. - EBITDA for Q2 2025 increased by 18.5% to $1,089 million from $919 million in the comparable quarter a year ago[6]. - EBITDA As Defined for Q2 2025 rose by 13.8% to $1,162 million, with a margin of 54.0% compared to 53.2% in the prior year[6]. - Year-to-date net sales for the 26-week period ended March 29, 2025, increased by 12.1%, or $448 million, to $4,156 million from $3,708 million in the prior year[12]. - Net sales for the thirteen-week period ended March 29, 2025, were $2,150 million, a 12.0% increase from $1,919 million for the same period in 2024[31]. - Gross profit for the twenty-six-week period ended March 29, 2025, was $2,509 million, up 14.4% from $2,193 million in the prior year[31]. - EBITDA for the twenty-six-week period ended March 29, 2025, was $2,176 million, a 22.4% increase from $1,777 million in the prior year[36]. - The EBITDA As Defined margin for the thirteen-week period was 54.0%, compared to 53.2% for the same period in 2024[33]. - The company reported earnings per share of $8.24 for the thirteen-week period, up from $6.97 in the same period last year[34]. - Adjusted diluted earnings per share for the twenty-six-week period were $16.94, compared to $15.15 in the prior year[34]. - The company experienced a net cash provided by operating activities of $900 million for the twenty-six-week period, an increase from $865 million in the previous year[36]. Guidance and Projections - Fiscal 2025 net sales guidance is projected to be between $8,750 million and $8,950 million, reflecting an increase of 11.5% at the midpoint compared to $7,940 million in fiscal 2024[19]. - Fiscal 2025 net income guidance is anticipated to be in the range of $1,925 million to $2,037 million, an increase of 15.5% at the midpoint compared to $1,715 million in fiscal 2024[19]. - The company maintains its fiscal 2025 financial guidance, with expectations for commercial aftermarket revenue growth in the high single-digit to low double-digit percentage range[18][22]. - Fiscal Year 2025 guidance for net income is projected at $1,981 million[39]. - EBITDA as defined is expected to reach $4,685 million, with a margin of 52.9%[39]. - Adjusted earnings per share is forecasted at $36.47, reflecting significant adjustments for stock compensation and acquisition expenses[39]. - Current guidance for net sales remains unchanged at $8,750 to $8,950 million compared to prior guidance[41]. - GAAP net income guidance for Fiscal Year 2025 is consistent at $1,925 to $2,037 million[41]. - EBITDA as defined for Fiscal Year 2025 is also unchanged at $4,615 to $4,755 million[41]. - Adjusted earnings per share guidance remains stable at $35.51 to $37.43[41]. - Weighted-average shares outstanding is projected at 58.15 million, consistent with prior guidance[41]. Stock and Debt Management - The company repurchased approximately $53 million of common stock during Q2 2025 and an additional $131 million subsequent to the quarter-end[9][11]. - Cash and cash equivalents as of March 29, 2025, were $2,426 million, a decrease from $6,261 million as of September 30, 2024[37]. - Long-term debt remained stable at $24,306 million as of March 29, 2025, compared to $24,296 million as of September 30, 2024[37]. - The company anticipates gross adjustments to EBITDA of $159 million, including acquisition-related expenses[39]. - Non-cash stock and deferred compensation expenses are expected to impact earnings per share by $2.35[39].