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Cover and table of contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
| ☒ | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
For the quarterly period ended March 29, 2025
| ☐ | Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
For the transition period from to
Commission File Number 001-32833
TransDigm Group Incorporated
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
41-2101738
(I.R.S. Employer Identification No.)
| 1350 Euclid Avenue, | Suite 1600, | Cleveland, | Ohio | 44115 | |||||||||||||
| (Address of principal executive offices) | (Zip Code) |
(216) 706-2960
(Registrant’s telephone number, including area code)
(Former name, former address and former fiscal year, if changed since last report.)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, accelerated filer, non-accelerated filer, smaller reporting company or emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
| Large Accelerated Filer | ☒ | Accelerated Filer | ☐ | |||||||||||
| Non-Accelerated Filer | ☐ | Smaller Reporting Company | ☐ | |||||||||||
| Emerging Growth Company | ☐ | |||||||||||||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ |
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||||||||
| Title of each class: | Trading Symbol: | Name of each exchange on which registered: | ||||||||||||
| Common Stock, $0.01 par value | TDG | New York Stock Exchange |
The number of shares outstanding of TransDigm Group Incorporated’s common stock, par value $.01 per share, was 56,167,085 as of April 30, 2025.
TABLE OF CONTENTS
| Page | |||||||||||||||||
| PART I | FINANCIAL INFORMATION | 1 | |||||||||||||||
| ITEM 1 | Financial Statements | 1 | |||||||||||||||
| Condensed Consolidated Balance Sheets – March 29, 2025 and September 30, 2024 | 1 | ||||||||||||||||
| Condensed Consolidated Statements of Income – Thirteen and Twenty-Six Week Periods Ended March 29, 2025 and March 30, 2024 | 2 | ||||||||||||||||
| Condensed Consolidated Statements of Comprehensive Income – Thirteen and Twenty-Six Week Periods Ended March 29, 2025 and March 30, 2024 | 3 | ||||||||||||||||
| Condensed Consolidated Statements of Changes in Stockholders’ Deficit – Thirteen and Twenty-Six Week Periods Ended March 29, 2025 and March 30, 2024 | 4 | ||||||||||||||||
| Condensed Consolidated Statements of Cash Flows – Twenty-Six Week Periods Ended March 29, 2025 and March 30, 2024 | 6 | ||||||||||||||||
| Notes to Condensed Consolidated Financial Statements | 7 | ||||||||||||||||
| ITEM 2 | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 26 | |||||||||||||||
| ITEM 3 | Quantitative and Qualitative Disclosure About Market Risk | 47 | |||||||||||||||
| ITEM 4 | Controls and Procedures | 47 | |||||||||||||||
| PART II | OTHER INFORMATION | 48 | |||||||||||||||
| ITEM 1 | Legal Proceedings | 48 | |||||||||||||||
| ITEM 1A | Risk Factors | 48 | |||||||||||||||
| ITEM 2 | Unregistered Sales of Equity Securities and Use of Proceeds: Purchases of Equity Securities by the Issuer | 48 | |||||||||||||||
| ITEM 5 | Other Information | 48 | |||||||||||||||
| ITEM 6 | Exhibits | 49 | |||||||||||||||
| SIGNATURES | 50 |
PART I: FINANCIAL INFORMATION
Next: Item 1. FINANCIAL STATEMENTS