TransDigm Group Stock News

Defense stocks have been on a tear in recent months, with many names hitting new all-time highs. The ongoing highly volatile geopolitical environment is primarily driving this surge.

With a continued recovery in global air travel, aerospace stocks will see more gains in the coming years. Several tailwinds support the bullish thesis for these stocks.

TransDigm is showing strong revenue growth in all segments, with gross margins increasing to 59.6% and operating income up 19.3%. The company increased its FY2024 earnings outlook, with a revenue target of $7.87-$7.93 billion and an adjusted EPS range of $32.63-$33.42. Manageable debt maturity profile, no debt due until 2027, with potential for debt retirement or M&A activity. The stock has 15%...

TransDigm Group Incorporated (NYSE:TDG ) Q3 2024 Earnings Conference Call August 6, 2024 11:00 AM ET Company Participants Jaimie Stemen - Director, IR Kevin Stein - President & CEO Joel Reiss - Co-COO Sarah Wynne - CFO Conference Call Participants Scott Mikus - Melius Research Robert Stallard - Vertical Research Ken Herbert - RBC Capital Markets Ron Epstein - Bank of America Merrill Lynch Scott...

Aerospace supplier TransDigm Group on Tuesday beat third-quarter earnings estimates as robust travel demand led to increased orders for components and aftermarket parts from planemakers and carriers.

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% fro...

CLEVELAND , July 31, 2024 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG), today announced it has successfully completed its acquisition of Raptor Labs Holdco, LLC ("Raptor Scientific" or "the Company"), a portfolio company of L Squared Capital Partners, for approximately $655 million in cash, including certain tax benefits. TransDigm financed the acquisition through cash on hand.

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. A conference call will follow at 11:00 a.m.