Exhibit 99.1

a2016q2earningsimagea05.jpg             
TransDigm Group Reports Fiscal 2019 Third Quarter Results and Declares a Special Cash Dividend of $30.00 Per Share

Cleveland, Ohio, August 6, 2019/PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, today reported results for the third quarter ended June 29, 2019. The Company also announced that its board of directors has authorized and declared a special cash dividend of $30.00 on each outstanding share of common stock and cash dividend equivalent payments under options granted under its stock option plans. The record date for the special dividend is August 16, 2019, and the payment date for the dividend is August 23, 2019.
Highlights for the third quarter include:

Net sales of $1,658.3 million, up 69.1% from $980.7 million;
Net income from continuing operations of $144.5 million, down 33.5% from $217.4 million;
Earnings per share from continuing operations of $2.57, down 34.3% from $3.91;
EBITDA As Defined of $691.0 million, up 41.8% from $487.1 million;
Adjusted earnings per share of $4.95, up 23.4% from $4.01;
Esterline net sales contribution of $545.3 million, EBITDA as Defined contribution of $134.4 million and implied EBITDA as Defined margin of 24.6%; and
Upward revision to fiscal 2019 financial guidance. Increased EBITDA As Defined mid-point $90 million to $2,435 million. Increased adjusted earnings per share mid-point $1.28 per share to $18.09.

Prior to the current quarter, on March 14, 2019, TransDigm completed the acquisition of Esterline Technologies Corporation (NYSE:ESL), a supplier of products to the global aerospace and defense industry in a transaction valued at approximately $4 billion in total consideration.
Also prior to the current quarter, on February 13, 2019, TransDigm completed the private offering of $4.0 billion aggregate principal amount of 6.25% Senior Secured Notes due 2026. The net proceeds of the $4.0 billion secured notes were used to fund the purchase price of the Esterline acquisition and to allow for substantial near term financial flexibility.
The acquisition of Esterline and the associated financing described above significantly impacted certain year-over-year comparisons.
Net sales for the quarter rose 69.1%, or $677.6 million, to $1,658.3 million from $980.7 million in the comparable quarter a year ago. Organic sales growth was 11.8%. Acquisition sales contributed $561.4 million, of which $545.3 million were from Esterline.
Net income from continuing operations for the quarter decreased 33.5% to $144.5 million, or $2.57 per share, compared to $217.4 million, or $3.91 per share, in the comparable quarter a year ago. The increase in net sales described above was offset primarily by higher operating costs and acquisition-related expenses attributable to Esterline, as well as higher interest expense and effective tax rate related to the new debt.

1

The following information was filed by Transdigm Group Inc (TDG) on Tuesday, August 6, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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