TransDigm Group Files Q1 2025 10-Q

TL;DR

TDG Q1 2025 10-Q filed. Financials look steady.

AI Summary

TransDigm Group Inc. filed its 10-Q for the period ending December 28, 2024. The filing details financial performance and operational updates for the first quarter of fiscal year 2025. Key financial figures and business segment information are presented, reflecting the company's ongoing activities in the aerospace and defense sector.

Why It Matters

This filing provides investors and analysts with the latest financial snapshot of TransDigm Group, crucial for understanding the company's performance and outlook in the aerospace industry.

Risk Assessment

Risk Level: medium — The company operates in the cyclical aerospace and defense industry, which is subject to government spending and economic conditions.

Key Numbers

• 2024-12-28 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
• 2025-02-04 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
• 0930 — Fiscal Year End (Specifies the end of TransDigm's fiscal year.)

Key Players & Entities

• TransDigm Group INC (company) — Filer of the 10-Q
• 20241228 (date) — End of the reporting period
• 20250204 (date) — Filing date
• CLEVELAND (location) — Company headquarters city
• DE (location) — State of incorporation

FAQ

Key Financial Figures

• $0.01 — nge on which registered: Common Stock, $0.01 par value TDG New York Stock Exchange

Filing Documents

• tdg-20241228.htm (10-Q) — 1501KB
• exhibit31certificateofamen.htm (EX-3.1) — 8KB
• exhibit32certificateofamen.htm (EX-3.2) — 8KB
• exhibit221tdg2025q110-q.htm (EX-22.1) — 78KB
• exhibit311tdg2025q110-q.htm (EX-31.1) — 9KB
• exhibit312tdg2025q110-q.htm (EX-31.2) — 10KB
• exhibit321tdg2025q110-q.htm (EX-32.1) — 5KB
• exhibit322tdg2025q110-q.htm (EX-32.2) — 5KB
• ex3_1-image.jpg (GRAPHIC) — 90KB
• ex3_2-image.jpg (GRAPHIC) — 91KB
• 0001260221-25-000014.txt ( ) — 9327KB
• tdg-20241228.xsd (EX-101.SCH) — 57KB
• tdg-20241228_cal.xml (EX-101.CAL) — 88KB
• tdg-20241228_def.xml (EX-101.DEF) — 299KB
• tdg-20241228_lab.xml (EX-101.LAB) — 697KB
• tdg-20241228_pre.xml (EX-101.PRE) — 540KB
• tdg-20241228_htm.xml (XML) — 1540KB

FINANCIAL INFORMATION 1

PART I FINANCIAL INFORMATION 1

Financial Statements 1

ITEM 1 Financial Statements 1 Condensed Consolidated Balance Sheets – December 28, 2024 and September 30, 2024 1 Condensed Consolidated Statements of Income – Thirteen Week Periods Ended December 28, 2024 and December 30, 2023 2 Condensed Consolidated Statements of Comprehensive Income – Thirteen Week Periods Ended December 28, 2024 and December 30, 2023 3 Condensed Consolidated Statements of Changes in Stockholders' Deficit – Thirteen Week Periods Ended December 28, 2024 and December 30, 2023 4 Condensed Consolidated Statements of Cash Flows – Thirteen Week Periods Ended December 28, 2024 and December 30, 2023 5 Notes to Condensed Consolidated Financial Statements 6

Management's Discussion and Analysis of Financial Condition and Results of Operations 25

ITEM 2 Management's Discussion and Analysis of Financial Condition and Results of Operations 25

Quantitative and Qualitative Disclosure About Market Risk 41

ITEM 3 Quantitative and Qualitative Disclosure About Market Risk 41

Controls and Procedures 41

ITEM 4 Controls and Procedures 41

OTHER INFORMATION 42

PART II OTHER INFORMATION 42

Legal Proceedings 42

ITEM 1 Legal Proceedings 42

Risk Factors 42

ITEM 1A Risk Factors 42

Unregistered Sales of Equity Securities and Use of Proceeds: Purchases of Equity Securities by the Issuer 42

ITEM 2 Unregistered Sales of Equity Securities and Use of Proceeds: Purchases of Equity Securities by the Issuer 42

Exhibits 43

ITEM 6 Exhibits 43 SIGNATURES 44 Table of Contents

: FINANCIAL INFORMATION

PART I: FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS TRANSDIGM GROUP INCORPORATED CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in millions, except share amounts) (Unaudited) December 28, 2024 September 30, 2024 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 2,459 $ 6,261 Trade accounts receivable—Net 1,285 1,381 Inventories—Net 1,930 1,876 Prepaid expenses and other 482 511 Total current assets 6,156 10,029 PROPERTY, PLANT AND EQUIPMENT—NET 1,477 1,488 GOODWILL 10,304 10,419 OTHER INTANGIBLE ASSETS—NET 3,360 3,446 OTHER NON-CURRENT ASSETS 218 204 TOTAL ASSETS $ 21,515 $ 25,586 LIABILITIES AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES: Current portion of long-term debt $ 98 $ 98 Short-term borrowings—trade receivable securitization facility 649 486 Accounts payable 315 323 Dividends payable — 4,216 Accrued and other current liabilities 1,222 1,216 Total current liabilities 2,284 6,339 LONG-TERM DEBT 24,302 24,296 DEFERRED INCOME TAXES 762 766 OTHER NON-CURRENT LIABILITIES 418 468 Total liabilities 27,766 31,869 TD GROUP STOCKHOLDERS' DEFICIT: Common stock - $ .01 par value; authorized 224,400,000 shares; issued 62,022,913 and 61,904,833 at December 28, 2024 and September 30, 2024, respectively 1 1 Additional paid-in capital 2,887 2,819 Accumulated deficit ( 6,877 ) ( 7,362 ) Accumulated other comprehensive loss ( 247 ) ( 42 ) Treasury stock, at cost; 5,941,439 and 5,688,639 shares at December 28, 2024 and September 30, 2024, respectively ( 2,022 ) ( 1,706 ) Total TD Group stockholders' deficit ( 6,258 ) ( 6,290 ) NONCONTROLLING INTERESTS 7 7 Total stockholders' deficit ( 6,251 ) ( 6,283 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 21,515 $ 25,586 See notes to condensed consolidated financial statements 1 Table of Contents TRANSDIGM GROUP INCORPORATED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Amounts in millions, except per share amounts) (Unaudited) Thirteen Week Periods Ended December 28, 2024 December 30, 2023 NET SALES

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View this 10-Q filing on SEC EDGAR