Company profile

Ticker
TDG
Exchange
CEO
Kevin M. Stein
Employees
Incorporated in
Location
Fiscal year end
Former names
TD Holding Corp
SEC CIK
IRS number
510484716

TDG stock data

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FINRA relative short interest over last month (20 trading days) ?

Calendar

4 Feb 20
18 Feb 20
30 Sep 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 1.47B 1.38B 1.66B 1.2B
Net income 304M 346.87M 144.45M 202.41M
Diluted EPS 2.07 4.62 2.57 3.6
Net profit margin 20.75% 25.22% 8.71% 16.92%
Operating income 560M 587.93M 445.03M 471.89M
Net change in cash 2.73B -1.25B 275.48M 104.02M
Cash on hand 4.19B 1.47B 2.72B 2.44B
Cost of revenue 664M 551.28M 896.85M 536.62M
Annual (USD) Sep 19 Sep 18 Sep 17 Sep 16
Revenue 5.22B 3.81B 3.5B 3.17B
Net income 889.77M 957.06M 596.89M 586.41M
Diluted EPS 13.84 16.2 7.88 10.39
Net profit margin 17.03% 25.11% 17.03% 18.49%
Operating income 1.93B 1.66B 1.48B 1.27B
Net change in cash -606.02M 1.42B -936.43M 872.96M
Cash on hand 1.47B 2.07B 650.56M 1.59B
Cost of revenue 2.41B 1.63B 1.52B 1.44B

Financial data from Transdigm earnings reports

98.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 553 520 +6.3%
Opened positions 72 46 +56.5%
Closed positions 39 60 -35.0%
Increased positions 205 173 +18.5%
Reduced positions 183 205 -10.7%
13F shares
Current Prev Q Change
Total value 425.13B 397.63B +6.9%
Total shares 52.74M 53.1M -0.7%
Total puts 675.9K 1.05M -35.5%
Total calls 227.1K 266.11K -14.7%
Total put/call ratio 3.0 3.9 -24.4%
Largest owners
Shares Value Change
Vanguard 5.44M $2.83B +6.2%
Capital International Investors 5.19M $2.7B +0.9%
BLK BlackRock 3.83M $1.99B +3.4%
Capital World Investors 2.63M $1.37B -1.1%
FMR 2.47M $1.29B +4.7%
PFG Principal Financial 2.21M $1.15B -4.8%
STT State Street 2.11M $1.1B -1.3%
Tiger Global Management 2.07M $1.08B 0.0%
Capital Research Global Investors 1.97M $1.03B +20.4%
Lone Pine Capital 1.28M $668.57M -19.0%
Largest transactions
Shares Bought/sold Change
Berkshire Partners 1.21M -827.93K -40.6%
Windacre Partnership 871.9K -366.1K -29.6%
Egerton Capital 764.19K +365.63K +91.7%
Capital Research Global Investors 1.97M +333.74K +20.4%
Vanguard 5.44M +315.43K +6.2%
Lone Pine Capital 1.28M -301.45K -19.0%
Stockbridge Partners 1.15M -283.25K -19.7%
Fred Alger Management 259.09K +246.58K +1970.4%
Steadfast Capital Management 227.28K +227.28K NEW
Capital Guardian Trust 0 -175.83K EXIT

Financial report summary

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Risks
  • Our commercial business is sensitive to the number of flight hours that our customers’ planes spend aloft, the size and age of the worldwide aircraft fleet and our customers’ profitability. These items are, in turn, affected by general economic and geopolitical and other worldwide conditions.
  • Our sales to manufacturers of aircraft are cyclical, and a downturn in sales to these manufacturers may adversely affect us.
  • We rely heavily on certain customers for much of our sales.
  • We generally do not have guaranteed future sales of our products. Further, when we enter into fixed price contracts with some of our customers, we take the risk for cost overruns.
  • U.S. military spending is dependent upon the U.S. defense budget.
  • We intend to pursue acquisitions. Our business may be adversely affected if we cannot consummate acquisitions on satisfactory terms, or if we cannot effectively integrate acquired operations.
  • We are subject to certain unique business risks as a result of supplying equipment and services to the U.S. Government.
  • Our business may be adversely affected if we would lose our government or industry approvals or if more stringent government regulations are enacted or if industry oversight is increased.
  • Our indebtedness could adversely affect our financial health and could harm our ability to react to changes to our business and prevent us from fulfilling our obligations under our indebtedness.
  • To service our indebtedness, we will require a significant amount of cash. Our ability to generate cash depends on many factors beyond our control and any failure to meet our debt service obligations could harm our business, financial condition and results of operations.
  • The terms of the senior secured credit facility and Indentures may restrict our current and future operations, particularly our ability to respond to changes or to take certain actions.
  • We could incur substantial costs as a result of violations of or liabilities under environmental laws and regulations.
  • We are dependent on our senior management team and highly trained employees and any work stoppage or difficulty hiring similar employees could adversely affect our business.
  • We may be subject to periodic litigation and regulatory proceedings, including Fair Labor Standards Act and state wage and hour class action lawsuits, which may adversely affect our business and financial performance.
  • Our business is dependent on the availability of certain components and raw materials from suppliers.
  • Our operations depend on our manufacturing facilities, which are subject to physical and other risks that could disrupt production.
  • Operations and sales outside of the United States may be subject to additional risks.
  • We face significant competition.
  • We could be adversely affected if one of our components causes an aircraft to crash.
  • We have recorded a significant amount of intangible assets, which may never generate the returns we expect.
  • Volatility in the equity markets or interest rates could substantially increase our pension costs and required pension contributions.
  • We may be subject to risks relating to changes in its tax rates or exposure to additional income tax liabilities.
  • Our stock price may be volatile, and an investment in our common stock could suffer a decline in value.
  • Future sales of our common stock in the public market could lower our share price.
  • Our corporate documents and Delaware law contain certain provisions that could discourage, delay or prevent a change in control of our company.
  • We do not regularly declare and pay quarterly or annual cash dividends on our stock.
Management Discussion
  • For fiscal year 2019, we generated net sales of $5,223.2 million, gross profit of $2,809.3 million or 53.8% of sales, and net income of $889.8 million. We believe we have achieved steady, long-term growth in sales and improvements in operating performance since our formation in 1993 due to our competitive strengths and through execution of our value-driven operating strategy. More specifically, focusing our businesses on our value-driven operating strategy of obtaining profitable new business, carefully controlling the cost structure and pricing our highly engineered value-added products to fairly reflect the value we provide and the resources required to do so has historically resulted in improvements in gross profit and income from operations over the long term.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Bad
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