The company said it recorded net sales of $1,919 million, net income attributable to TD Group of $403 million, and EBITDA As Defined of $1,021 million, or 53.2% of net sales, for the second quarter of fiscal 2024 (Q2).

1. 01

   The company said it recorded net sales of $1,919 million, net income attributable to TD Group of $403 million, and EBITDA As Defined of $1,021 million, or 53.2% of net sales, for the second quarter of fiscal 2024 (Q2).

2. 02

   TransDigm said organic sales for the quarter ended March 30, 2024 rose $257 million from a year earlier, led by increases in defense sales of $127 million (20.8%), commercial OEM sales of $79 million (22.0%) and commercial aftermarket sales of $41 million (7.9%).

3. 03

   The company said its gross profit margin for the quarter ended March 30, 2024 rose to 60.0% from 58.4% a year earlier, an increase of 1.6 percentage points. It cited its core value-driven operating strategy and fixed overhead costs spread over higher production volume as the factors.

4. 04

   The company said it paid a special cash dividend of $35.00 per common share on November 27, 2023, along with dividend equivalent payments, totaling about $2,020 million. It said it issued $2,000 million of new senior debt on November 28, 2023.

Key figures

Quarter ended March 30, 2024

Revenue

$1.9B

Operating income

$867M

Net income

$403M

EPS

$6.97

Gross profit

$1.2B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.