secwatch.observer — SEC 8-K summary
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Issuer:     TransDigm Group INC (TDG)
CIK:        0001260221
Form:       8-K
Filed at:   2021-08-10T23:59:59+00:00
Accession:  0001260221-21-000103
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TransDigm Q3 sales up 19% to $1.22B; EPS $5.43 vs -$0.09; Howley becomes Non-Exec Chairman
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- Q3 net sales $1,218M (+19% YoY); income from cont ops $317M vs loss of $5M; adjusted EPS $3.33 (+116%).
- EBITDA As Defined $559M (45.9% margin); operating cash flow $252M; FY2021 guidance remains suspended citing COVID uncertainty.
- W. Nicholas Howley transitioned to non-executive Chairman effective Aug 6, accelerated ~1 year; received 105,000 stock options at $629.11, no board fees.
- Divested ScioTeq/TREALITY for ~$200M and TAC for ~$40M; recognized net gain of ~$68M in Q3.
- Effective tax rate negative 30% in Q3; FY2021 GAAP tax rate expected 0-3%, adjusted 18-20%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1260221/000126022121000103/0001260221-21-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1260221/000126022121000103/tdg-20210806.htm
  HTML page:      https://secwatch.observer/filing/0001260221-21-000103

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