AI English summary of an SEC filing — figures as filed
TransDigm Group TDGThe company said net income attributable to TD Group for the 13-week period ended June 29, 2024 was $461 million, up $110 million (31.3%) from $351 million a year earlier, and that basic and diluted earnings per share were $7.96 (compared with $6.14 a year earlier).
Key points
AI summaryThe company said net income attributable to TD Group for the 13-week period ended June 29, 2024 was $461 million, up $110 million (31.3%) from $351 million a year earlier, and that basic and diluted earnings per share were $7.96 (compared with $6.14 a year earlier).
The company said organic sales rose $254 million over the 13-week period, led by increases in defense sales of $91 million (13.3%), commercial OEM sales of $88 million (23.2%) and commercial aftermarket sales of $61 million (11.1%).
The company said gross profit percentage was 59.6% for the 13-week period, up 0.6 percentage points from 59.0% a year earlier. Interest expense-net rose $25 million (8.6%) to $316 million, and the company cited higher borrowings as the main factor.
The company said it paid a total of about $2,020 million in cash, including a special cash dividend of $35.00 per share on November 27, 2023. It also said it completed the acquisition of CPI's Electron Device Business for about $1,385 million in cash on June 6, 2024.
Key figures
Quarter ended June 29, 2024
- Revenue
- $2.0B
- Operating income
- $934M
- Net income
- $461M
- EPS
- $7.96
- Gross profit
- $1.2B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis 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.
Quarterly Net Income and Earnings per Share
The company said net income attributable to TD Group for the 13-week period ended June 29, 2024 was $461 million, up $110 million (31.3%) from $351 million a year earlier, and that basic and diluted earnings per share were $7.96 (compared with $6.14 a year earlier).
Source · Based on the MD&A text of the filing
Quarterly Organic Sales Growth and Segment Drivers
The company said organic sales rose $254 million over the 13-week period, led by increases in defense sales of $91 million (13.3%), commercial OEM sales of $88 million (23.2%) and commercial aftermarket sales of $61 million (11.1%).
Source · Based on the MD&A text of the filing
Gross Profit Margin and Interest Expense
The company said gross profit percentage was 59.6% for the 13-week period, up 0.6 percentage points from 59.0% a year earlier. Interest expense-net rose $25 million (8.6%) to $316 million, and the company cited higher borrowings as the main factor.
Source · Based on the MD&A text of the filing
Special Dividend and CPI Electron Device Business Acquisition
The company said it paid a total of about $2,020 million in cash, including a special cash dividend of $35.00 per share on November 27, 2023. It also said it completed the acquisition of CPI's Electron Device Business for about $1,385 million in cash on June 6, 2024.
Source · Based on the MD&A text of the filing
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.
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