10-Q/APeriod: Q1 FY2013

TransDigm Group INC Quarterly Report (Amendment) for Q1 Ended Dec 29, 2012

Filed March 7, 2013For Securities:TDG

Summary

This filing is an amendment (10-Q/A) to TransDigm Group Inc.'s (TDG) Form 10-Q for the quarter ended December 29, 2012. The primary purpose of this amendment is to correct certifications under Section 302 of the Sarbanes-Oxley Act of 2002, which had inadvertently omitted certain required provisions related to internal controls over financial reporting. Investors should note that this amendment does not update or modify any other disclosures from the original filing, nor does it reflect any events that occurred after the original filing date. For investors, the key takeaway from this amendment is the company's commitment to accurate financial reporting and compliance with regulatory requirements, specifically concerning internal controls. While the original quarterly report's financial performance and operational details are not being altered, the correction of these certifications reinforces the integrity of the company's financial reporting processes. Investors should refer to the original Form 10-Q filed on February 5, 2013, for comprehensive financial and operational information for the period.

Financial Highlights

48 data points
Beta

Revenue

$430.42M

55.4% Gross Margin

Net Income

$74.17M

17.2% Net Margin

EPS (Diluted)

$0.66

Total Assets

$5.55B

Cash & Equivalents

$554.43M

Free Cash Flow

$89.44M

Financial Statements
Beta
Revenue$430.42M
Cost of Revenue$191.87M
Gross Profit$238.55M
SG&A Expenses$55.16M
Operating Income$172.85M
Net Income$74.17M
EPS (Basic)$0.66
Shares Outstanding (Basic)54.45M

Key Highlights

  • 1Amendment No. 1 to Form 10-Q for the quarter ended December 29, 2012, filed on March 6, 2013.
  • 2The amendment corrects Section 302 Sarbanes-Oxley Act certifications regarding internal controls over financial reporting.
  • 3No other disclosures or financial information from the original filing are modified by this amendment.
  • 4This filing does not reflect events or changes occurring after the original Form 10-Q filing date of February 5, 2013.
  • 5TransDigm Group Inc. confirms it is a large accelerated filer.
  • 6The company had 50,040,455 shares outstanding as of January 26, 2013.
  • 7The amendment primarily addresses procedural compliance rather than financial performance.

Frequently Asked Questions

The main reason for this amendment (Form 10-Q/A) is to correct inadvertent omissions in the Section 302 certifications of the original Form 10-Q filed on February 5, 2013. These omissions related to required provisions concerning internal controls over financial reporting.

No, this amendment does not modify or update any financial disclosures or results from the original filing. It solely concerns the correction of specific certifications regarding internal controls.

No, this filing is purely a procedural amendment to correct certifications. It does not provide any new information about TransDigm's performance, operations, or reflect any events that have occurred since the original Form 10-Q was filed on February 5, 2013.

Being a 'large accelerated filer' means that TransDigm meets certain thresholds for public float, reporting history, and filing compliance, indicating it is a larger, more established public company subject to more frequent and comprehensive SEC reporting requirements.