Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Sco ...

CLEVELAND, April 29, 2024 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG) today said it will report fiscal 2024 second quarter earnings before the market opens on Tuesday, May 7, 2024. A conference call will follow at 11:00 a.m., Eastern Time. To join the call telephonically, please register for the call here. Once registered, participants will receive the dial-in information and a unique pin to access the call. A live audio webcast of the call can also be accessed online at http://www.transdigm.co ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider TransDigm Group (TDG) . This company, which is in the Zacks Aerospace - Defense Equipment industry, shows potential for another earnings beat.This aircraft components maker has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for th ...

For the quarter ended December 2023, TransDigm Group (TDG) reported revenue of $1.79 billion, up 28.1% over the same period last year. EPS came in at $7.16, compared to $4.58 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.67 billion, representing a surprise of +7.07%. The company delivered an EPS surprise of +12.40%, with the consensus EPS estimate being $6.37.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

TransDigm Group Incorporated (NYSE:TDG) Q1 2024 Earnings Conference Call February 8, 2024 11:00 AM ET Company Participants Jaimie Stemen - Director, Investor Relations Kevin Stein - President & Chief Executive Officer Joel Reiss - Co-Chief Operating Officer Sarah Wynne - Chief Financial Officer Mike Lisman - Co-Chief Operating Officer Conference Call Participants David Strauss - Barclays Noah Poponak - Goldman Sachs Robert Spingarn - Melius Research Louis Raffetto - Wolfe Research Robert Stallard - Vertical ...

4 ($ in millions, except per share amounts) Guidance Summary (1) Pro forma revenue is for the fiscal year ended 9/30/2023. Includes full year impact of the Calspan Corporation acquisition completed May 2023. Please see the Special Notice Regarding Pro Forma and Non‐GAAP Information. related expenses and adjustments and other, net. 8 December 30, 2023 December 31, 2022 September 30, 2024 Dividend equivalent payments 0.67 1.75 1.75 expense 0.46 0.68 2.53 operations before taxes (0.08) (0.17) ‐ 9 Actual FY24 W ...

TransDigm Group Incorporated (TDG) reported first-quarter fiscal 2024 adjusted earnings of $7.16 per share, which beat the Zacks Consensus Estimate of $6.37 by 12.4%. The bottom line also improved 56% from the prior-year quarter’s reported figure of $4.58.Barring one-time items, the company recorded GAAP earnings of $4.87 per share compared with $3.33 in the year-ago quarter.SalesNet sales amounted to $1,789 million, up 28% from $1,397 million registered in the prior-year period. The reported figure also be ...

TransDigm Group (TDG) came out with quarterly earnings of $7.16 per share, beating the Zacks Consensus Estimate of $6.37 per share. This compares to earnings of $4.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.40%. A quarter ago, it was expected that this aircraft components maker would post earnings of $7.54 per share when it actually produced earnings of $8.03, delivering a surprise of 6.50%.Over the last four quarte ...

CLEVELAND, Feb. 8, 2024 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, today reported results for the first quarter ended December 30, 2023. First quarter highlights include: Net sales of $1,789 million, up 28% from $1,397 million in the prior year's quarter; Net income of $382 million, up 67% from the prior year's quarter; Earnings per share of $4.87, up 46% from the prior year's quarter; EBITDA As Define ...

Financial Performance - Total net sales for the thirteen-week period ended December 30, 2023, were $1,789 million, representing a 28.1% increase from $1,397 million in the same period of 2022[7]. - Gross profit for the same period was $1,042 million, up from $793 million, indicating a gross margin improvement[7]. - Net income attributable to TD Group for the period was $382 million, compared to $228 million in the prior year, reflecting a 67.0% year-over-year increase[7]. - Earnings per share attributable to TD Group common stockholders increased to $4.87 from $3.33, marking a 46.0% rise[7]. - Net income for the thirteen-week period ended December 30, 2023, was $382 million, compared to $229 million for the same period in 2022, representing a 67% increase[42]. - Basic and diluted earnings per share increased to $4.87 for the period ended December 30, 2023, up from $3.33 in the prior year, reflecting a 46% growth[42]. - Total segment EBITDA As Defined for the thirteen-week period ended December 30, 2023, was $957 million, compared to $727 million for the same period in 2022, marking a growth of approximately 31%[82]. Cash and Liquidity - Cash and cash equivalents increased to $4,135 million as of December 30, 2023, up from $3,472 million at September 30, 2023[6]. - Net cash provided by operating activities for the same period was $636 million, compared to $377 million in the prior year, indicating a 68% increase[12]. - The company reported a net increase in cash and cash equivalents of $663 million, ending the period with $4,135 million[12]. - The company paid cash dividends of $35.00 per common share during the period, compared to no dividends in the prior year[106]. - The company declared special dividends of $35 per share, totaling $2,020 million, significantly higher than $38 million in the previous year[12]. Debt and Liabilities - Long-term debt rose to $21,346 million from $19,330 million, indicating a 10.5% increase[6]. - Total liabilities assumed in the Calspan acquisition were adjusted to $78 million, with net assets acquired totaling $730 million[25]. - The Company has a total long-term debt of $7,157 million as of December 30, 2023, which includes various secured notes and term loans[61]. - The Company issued $1,000 million in 7.125% senior secured notes due 2031, with an issue price of 99.25%, resulting in an approximate $8 million discount[49]. - The Company has $22,037 million in non-current liabilities as of December 30, 2023[150]. Acquisitions and Growth Strategy - The Company entered into a definitive agreement to acquire CPI's Electron Device Business for approximately $1,385 million in cash, expected to close in fiscal 2024[19]. - The acquisition of Calspan Corporation was completed for a total purchase price of $730 million, enhancing the Company's capabilities in aerospace and defense[20]. - Approximately $245 million of goodwill was recognized from the Calspan acquisition, with an expected tax deductibility of about $218 million[25]. - The company completed a series of acquisitions for a total purchase price of $24 million in the fiscal year ended September 30, 2023, with expected tax deductibility of approximately $12 million in goodwill[26]. - The acquisition strategy aims to strengthen the Company's position in niche aerospace markets with significant aftermarket content[28]. Segment Performance - The Power & Control segment reported net sales of $885 million for the thirteen-week period ended December 30, 2023, up from $725 million in the prior year, reflecting a growth of approximately 22%[82]. - The Airframe segment achieved net sales of $862 million for the same period, compared to $637 million in the previous year, indicating an increase of approximately 35%[82]. - The increase in defense sales was primarily due to improving U.S. government defense spending, contributing $149 million, or 28.0% growth[108]. - EBITDA for the period was $859 million, with EBITDA as defined at $912 million, representing 51.0% of net sales[106]. Operational Insights - The company observed a rebound in commercial aerospace markets, with domestic air travel nearing or surpassing pre-pandemic levels, while international recovery is progressing but remains below pre-pandemic levels[99]. - The company continues to face disruptions in the global supply chain and labor markets, affecting the availability of raw materials and increasing costs[101]. - The company aims to differentiate itself through highly engineered proprietary aerospace components, focusing on value-driven operating strategies to improve gross profit and operational income over the long term[96]. Tax and Compliance - The effective income tax rate for the thirteen-week period ended December 30, 2023, was 21.7%, down from 23.9% in the same period of the previous year[57]. - The company is currently under examination for federal income taxes in Canada for fiscal years 2013 through 2019, and in France and Germany for various fiscal years[58]. - Unrecognized tax benefits amounted to $17 million as of December 30, 2023, with a potential reduction of approximately $6 million expected within the next twelve months[59]. Other Comprehensive Income - Other comprehensive income attributable to TD Group was $38 million for the period, down from $159 million in the prior year[8]. - Foreign currency translation adjustments resulted in a loss of $53 million on derivatives, impacting overall comprehensive income[8].