The company said it recorded net sales of $7,940 million, gross profit of $4,672 million or 58.8% of net sales, and net income attributable to TD Group of $1,714 million for fiscal 2024. Net income rose 32.0% from $1,298 million in the prior year, an increase of $416 million.

1. 01

   The company said it recorded net sales of $7,940 million, gross profit of $4,672 million or 58.8% of net sales, and net income attributable to TD Group of $1,714 million for fiscal 2024. Net income rose 32.0% from $1,298 million in the prior year, an increase of $416 million.

2. 02

   TransDigm said organic sales for fiscal 2024 rose $1,067 million. It cited defense sales up $486 million (18.9%), commercial OEM sales up $294 million (20.4%) and commercial aftermarket sales up $253 million (12.0%) as the main drivers.

3. 03

   The company said it declared special dividends totaling $110.00 in fiscal 2024. For the same year, net cash provided by operating activities was $2,045 million, net cash used in investing activities was $2,441 million, and net cash provided by financing activities was $3,171 million.

4. 04

   The company said interest expense-net for fiscal 2024 rose 10.5% to $1,286 million from $1,164 million. It cited the rise in Term SOFR applicable to its variable-rate debt that is not hedged and higher borrowings as factors, partly offset by an increase in interest income of $52 million.

Key figures

Fiscal year ended September 30, 2024

Revenue

$7.9B

Operating income

$3.5B

Net income

$1.7B

EPS

$25.62

Gross profit

$4.7B

Operating cash flow

$2.0B

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.