NYSE$TDG

Transdigm Group Incorporated · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Transdigm's Q3 2021 results were unfavorably impacted by the COVID-19 pandemic but showed signs of recovery in commercial aerospace with increased vaccination rates and air traffic.

TransDigm Group Incorporated reported a 19% increase in net sales to $1,218 million and income from continuing operations of $317 million for the third quarter ended July 3, 2021. Adjusted earnings per share increased by 116% to $3.33, and the company generated $252 million in operating cash flow. The company divested the Technical Airborne Components business and ScioTeq and TREALITY Simulation Visual Systems businesses during the quarter.

  • Net sales increased by 19% to $1,218 million compared to the prior year's quarter.
  • Income from continuing operations rose to $317 million from a loss of $(5) million in the prior year's quarter.
  • Adjusted earnings per share increased by 116% to $3.33 from $1.54 in the prior year's quarter.
  • EBITDA As Defined margin was 45.9%, showing sequential improvement.

Headline financials

Total Revenue

$1.22B

Previous: $1.02B+19.2%
EPS (adj)

$3.33

Previous: $1.54+116.2%
Organic Sales Growth

15.1%

No prior period
Capital Expenditures

-$80M

Previous: -$62M-29.0%
Free Cash Flow

$237M

Previous: -$68M+448.5%
Net Income

$317M

Previous: -$6M+5383.3%
Operating Income

$447M

Previous: $286M+56.3%
Gross Profit

$655M

Previous: $491M+33.4%
Cash & Equivalents

$4.53B

Previous: $4.55B-0.4%
Total Assets

$19.1B

Previous: $18.2B+5.0%

Revenue & EPS history

Transdigm · Revenue · Quarterly

$1.22B

Q3 2021+19.2%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

Given the considerable uncertainty around the extent and duration of business disruptions related to the COVID-19 pandemic, and how that will continue to impact operations, the Company will not provide fiscal year 2021 guidance at this time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.5%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+1.4%

Avg return

30 days after

53%

35 / 66 earnings

Positive

+16.5%

Q3 2019

Best reaction

-11.9%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+5.1%+5.6%+6.7%
Q1 2026-9.3%-10.4%-9.8%
Q4 2025+1.0%+3.2%+0.1%
Q3 2025-11.9%-13.6%-20.3%
Q2 2025-5.6%-6.7%-1.9%
Q1 2025-3.3%-1.9%-0.6%
Q4 2024-2.3%-2.0%-7.5%
Q3 2024-0.6%+3.0%+9.9%
Q2 2024+1.0%+0.7%+2.5%
Q1 2024-2.4%-2.2%+1.6%
Q4 2023+10.9%+11.3%+9.9%
Q3 2023-4.8%-4.5%-2.9%
Q2 2023+4.9%+3.0%+4.5%
Q1 2023+4.7%+1.4%+2.9%
Q4 2022+7.5%+6.0%+4.6%
Q3 2022+3.9%+5.5%-4.0%
Q2 2022+4.6%+3.3%+11.4%
Q1 2022+2.7%+0.8%+0.1%
Q4 2021+0.8%-3.3%-11.8%
Q3 2021-0.7%-3.6%-4.8%
Q2 2021-3.8%-0.7%+9.7%
Q1 2021-3.4%-3.9%-0.5%
Q4 2020+1.1%+3.1%+7.3%
Q3 2020+8.2%+9.0%+13.3%
Q2 2020-6.7%+3.0%+40.7%
Q1 2020-4.0%-2.7%-17.8%
Q4 2019+1.3%-0.9%+1.3%
Q3 2019+16.5%+18.1%+15.5%
Q2 2019+1.3%-0.3%-1.4%
Q1 2019+4.3%+5.7%+6.2%
Q4 2018+3.8%+3.0%+0.2%
Q3 2018-3.1%-3.2%-4.1%
Q2 2018-0.5%+0.7%+4.2%
Q1 2018-1.6%-4.8%-3.7%
Q4 2017-6.3%-5.9%-3.6%
Q3 2017-2.3%-3.5%-10.8%
Q2 2017-4.0%-4.6%+7.1%
Q1 2017+7.1%+9.6%+4.6%
Q4 2016-4.9%-8.2%-7.9%
Q3 2016+3.1%+1.5%+3.4%
Q2 2016+9.5%
Q1 2016-10.1%
Q4 2015+5.0%
Q3 2015+4.1%
Q2 2015-0.1%
Q1 2015-2.7%
Q4 2014+3.3%
Q3 2014+1.5%
Q2 2014-2.3%
Q1 2014+5.1%
Q4 2013-0.5%
Q3 2013-3.4%
Q2 2013-1.2%
Q1 2013+1.5%
Q4 2012+3.5%
Q3 2012+1.2%
Q2 2012-1.4%
Q1 2012+2.0%
Q4 2011-1.2%
Q3 2011+2.3%
Q2 2011+0.7%
Q1 2011+1.5%
Q4 2010+2.9%
Q3 2010-1.3%
Q2 2010+3.7%
Q1 2009-0.8%

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