Summary
TransDigm Group Inc. (TDG) has provided preliminary, unaudited financial results for the thirteen-week period ended December 28, 2019, in connection with a potential refinancing of its senior secured term loans. The company anticipates significant year-over-year growth, with net sales estimated at $1,465 million, a substantial increase from $993 million in the prior year period. Income from continuing operations is projected to be in the range of $231 million to $234 million, up from $196 million in the prior year. Furthermore, EBITDA As Defined is expected to reach $681 million, a notable jump from $487 million in the comparable period of 2018. These preliminary figures, which exclude discontinued operations, indicate strong operational performance and are being furnished to provide current insights to the market.
Key Highlights
- 1Preliminary net sales from continuing operations for the thirteen-week period ended December 28, 2019, are estimated at $1,465 million, a significant increase from $993 million in the prior year.
- 2Estimated income from continuing operations for the period is projected to be between $231 million and $234 million, up from $196 million in the prior year.
- 3EBITDA As Defined from continuing operations is estimated at $681 million, a substantial increase from $487 million in the comparable period of 2018.
- 4These preliminary results exclude the impact of discontinued operations, specifically the Souriau-Sunbank Connection Technologies business.
- 5The company is furnishing this information in connection with a potential refinancing of certain tranches of its senior secured term loans.
- 6Management believes EBITDA and EBITDA As Defined are useful measures for evaluating operating performance and liquidity, and are frequently used by analysts and investors.
- 7The preliminary results are unaudited and subject to completion of financial closing procedures and potential adjustments.