TransDigm Group (TDG) Company Report

Commercial OEM revenues rose 17%, commercial aftermarket 7%, and defense 7% year-over-year in Q1 2026 on a pro forma basis.
Delivered 7.4% organic growth, 52.4% EBITDA margin, and generated ~$900 million of free cash flow in Q1 2026.
Ended the quarter with $2.5 billion of cash and a net debt/EBITDA ratio of 5.7x, maintaining liquidity for operations and acquisitions.
Announced three acquisitions—Stellent Systems (~$960 M, 2025 revenue ~~$300 M), Jet Parts Engineering & Victor Sierra (~~$2.2 B, 2025 revenue ~$280 M)—aligned with TransDigm’s aftermarket-focused M&A strategy.
Raised fiscal 2026 guidance to $9.94 billion in revenue (+13% YoY) and $5.21 billion in EBITDA (+9%), with an expected margin of ~52.4%, excluding pending acquisitions.

3 days ago

Transcript

TransDigm reports Q1 FY 2026 results

TDG

Earnings

Guidance Update

Revenue of $2,285 million, up 13.9% year-over-year in Q1 FY 2026.
EBITDA As Defined of $1,197 million, a 12.8% increase versus prior year.
Adjusted EPS of $8.23, up 5.1% from $7.83 in Q1 FY 2025.
Fiscal 2026 guidance reiterated with revenues of $9,845–$10,035 million and Adjusted EPS of $37.42–$39.34.

3 days ago

Presentation

TransDigm reports Q1 fiscal 2026 results and raises guidance

TDG

Earnings

Guidance Update

M&A

Organic growth of 7.4%, EBITDA margin of 52.4%, and free cash flow of ~$900 million in Q1; ended the quarter with $2.5 billion of cash and a net debt/EBITDA ratio of 5.7×
Q1 revenue grew 17% in commercial OEM, 7% in commercial aftermarket, and 7% in defense markets on a pro forma basis
Raised full-year 2026 guidance: revenue midpoint of $9.94 billion (+13%), EBITDA midpoint of $5.21 billion (+9%), and adjusted EPS of $38.38, excluding pending acquisitions
Announced acquisitions of Stellant Systems (~$960 million), Jet Parts Engineering and Victor Sierra Aviation (combined $2.2 billion), leaving **$10 billion** in remaining M&A firepower
Deployed >$100 million on share repurchases in Q1, reiterating priority on organic reinvestment, disciplined M&A, and shareholder returns

3 days ago

Transcript

TransDigm reports Q1 2026 results and raises full-year guidance

TDG

Earnings

Guidance Update

M&A

TransDigm delivered 7.4% organic growth in Q1 2026, with pro forma channel growth of 17% in commercial OEM, 7% in commercial aftermarket, and 7% in defense.
Q1 EBITDA margin was 52.4%, free cash flow was $900 million, and cash on hand ended at $2.5 billion; net debt/EBITDA was 5.7x, and the company repurchased $100 million of shares.
Full-year 2026 guidance was raised to $9.94 billion in revenue (+13%) and $5.21 billion in EBITDA defined (+9%), with adjusted EPS of $38.38, assuming no further acquisitions.
TransDigm signed three acquisitions—Stellent Systems ($960 million, $300 million revenue), Jet Parts Engineering and Victor Sierra Aviation ($2.2 billion, $280 million revenue)—leaving $10 billion in M&A capacity.

3 days ago

Transcript

TransDigm Group reports Q1 2026 results

TDG

Earnings

Guidance Update

M&A

TransDigm delivered net sales of $2,285 million, up 14% year-over-year, with net income of $445 million and GAAP EPS of $6.62; adjusted EPS rose to $8.23 from $7.83 in Q1 2025.
Q1 EBITDA As Defined was $1,197 million, a 12.8% increase, representing a 52.4% margin on net sales.
The company raised its full-year 2026 guidance, forecasting net sales of $9,845–$10,035 million (midpoint +12.6%), GAAP EPS of $32.47–$34.39, and EBITDA As Defined of $5,140–$5,280 million.
TransDigm completed the acquisition of Simmonds Precision Products and announced agreements to acquire Stellant, Jet Parts Engineering, and Victor Sierra for approximately $3.2 billion in aggregate.

4 days ago

8-K

TransDigm reports fiscal 2026 Q1 results

TDG

Earnings

Guidance Update

M&A

TransDigm delivered Q1 net sales of $2,285 million, up 13.9% year-over-year, with net income of $445 million and GAAP EPS of $6.62.
EBITDA As Defined reached $1,197 million (52.4% margin), and adjusted EPS was $8.23, a 5.0% increase.
The company raised its full-year fiscal 2026 guidance to $9,845 million–$10,035 million in net sales (12.6% growth at the midpoint) and adjusted EPS of $37.42–$39.34.
Subsequent to quarter end, TransDigm agreed to acquire Stellant, Jet Parts Engineering and Victor Sierra for approximately $3.2 billion of capital deployment.

4 days ago

Press Release

TransDigm Group acquires Jet Parts Engineering and Victor Sierra Aviation for $2.2 billion

TDG

M&A

TransDigm Group agrees to acquire Jet Parts Engineering and Victor Sierra Aviation from Vance Street Capital for $2.2 billion.
Jet Parts Engineering is a leading independent designer and manufacturer of proprietary aerospace aftermarket solutions, serving commercial, regional and cargo airlines as well as MRO providers.
Victor Sierra Aviation offers a complete line of proprietary PMA and OEM-aftermarket parts for general and business aviation through brands including McFarlane Aviation and Tempest Aero Group.
The transaction aligns with TransDigm’s strategic focus on expanding its portfolio of highly engineered aerospace components in the aftermarket segment.
Harris Williams and Paul Hastings acted as advisors to the sellers, and Baker Hostetler served as legal advisor to TransDigm.

Jan 16, 2026, 2:00 PM

Press Release

TransDigm Group to acquire Jet Parts Engineering and Victor Sierra Aviation

TDG

M&A

TransDigm Group enters a definitive agreement to acquire Jet Parts Engineering and Victor Sierra Aviation Holdings for $2.2 billion in cash, including certain tax benefits.
Jet Parts Engineering (JPE) is a Seattle-based designer and manufacturer of proprietary PMA aftermarket parts, employing approximately 300 people across the U.S. and U.K..
Victor Sierra Aviation Holdings (VSA) offers PMA and other aftermarket parts for general and business aviation—through brands like McFarlane Aviation and Tempest Aero—and employs around 400 staff at facilities in Kansas, North Carolina, Illinois, and satellite locations.
The combined companies generated $280 million in revenue for the calendar year ended December 31, 2025; the acquisition is subject to U.S. regulatory approvals and customary closing conditions.

Jan 16, 2026, 1:33 PM

8-K

TransDigm Group acquires Jet Parts Engineering and Victor Sierra Aviation

TDG

M&A

TransDigm Group agreed to acquire Jet Parts Engineering and Victor Sierra Aviation Holdings for approximately $2.2 billion in cash, including certain tax benefits.
The two companies collectively generated $280 million in revenue for the calendar year ended December 31, 2025, with nearly 100% derived from the commercial aftermarket.
Jet Parts Engineering (300 employees) and Victor Sierra Aviation (400 employees) will operate independently under TransDigm, bolstering its portfolio of proprietary PMA aftermarket parts.
The transaction remains subject to U.S. regulatory approvals and customary closing conditions.

Jan 16, 2026, 1:30 PM

Press Release

TDG Gold extends southern limits of Aurora Complex mineralization

TDG

New Projects/Investments

Drill hole TDG25-013 intersected 1.25 g/t Au, 2.2 g/t Ag, 0.33% Cu over 128.7 m, including 1.44 g/t Au, 2.4 g/t Ag, 0.37% Cu over 103.5 m, extending Aurora West mineralization 100 m south of previous limits.
Visual sulphide mineralization (pyrite and chalcopyrite) was observed 500 m north of the defined Aurora West Zone in hole TDG25-020, with assays pending.
2026 winter drilling program is mobilizing on schedule to complete paused holes and target extensions of the Aurora West Zone, the broader Aurora Complex, and the near-surface Shasta MRE area.

Jan 13, 2026, 12:00 PM

Press Release