Filing Flows › TransDigm Group (TDG) › Q4 FY24
TransDigm Group (TDG) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 7, 2024
TransDigm Group (TDG) reported revenue of $2.2B for the fourth quarter fiscal 2024 (Q4 FY24), +18% from a year earlier and +7% from the quarter before. Operating margin was 43.1%, net earnings $467M (21.4% of revenue).
TransDigm Group, Q4 FY24: revenue $2.2B (+18% year over year), operating margin 43.1%, net earnings $467M, operating cash flow $572M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | +7% | +18% |
| Gross profit | $1.3B | +3% | +15% |
| Operating profit | $943M | +1% | +10% |
| Net earnings | $467M | +1% | +13% |
| Operating cash flow | $572M | -6% | +24% |
| Free cash flow | $531M | -7% | +25% |
What changed
Revenue was $2.2B in Q4 FY24, up 18% year over year and up 7% from the previous quarter.
Gross margin was 57.6%, down 1.4 points from a year earlier. Operating profit was $0.94B, a 43.1% margin (down 3.1 points year over year). Of the extra revenue versus a year earlier, 26% reached operating profit, below the 46% margin then. Operating expenses grew 34% against revenue growth of 18%. The fastest-growing cost line was Other operating costs (+50%). Net earnings were $0.47B, up 13% year over year. The effective tax rate was 22.8%.
Operating cash flow was $0.57B (up 24% year over year), 122% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.03B of share-based compensation. Capital expenditures of $0.04B left free cash flow of $0.53B.
Questions
What was TransDigm Group's revenue in the fourth quarter fiscal 2024?
TransDigm Group (TDG) reported revenue of $2.2B for the fourth quarter fiscal 2024 (Q4 FY24), +18% from a year earlier and +7% from the quarter before.
Was TransDigm Group profitable in the fourth quarter fiscal 2024?
Operating profit was $943M (43.1% of revenue) and net earnings $467M.
Source: TransDigm Group 10-K on SEC EDGAR.