TransDigm Group
Q3 2022 Earnings Call
Aug 09, 2022, 11:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, and thank you for standing by. Welcome to the TransDigm Q3 fiscal 2022 earnings conference call. [Operator instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Jaimie Stemen, director of investor relations.
Please go ahead.
Jaimie Stemen -- Director, Investor Relations
Thank you, and welcome to TransDigm's fiscal 2022 third quarter earnings conference call. Presenting on the call this morning are TransDigm's president and chief executive officer, Kevin Stein; Chief Operating Officer Jorge Valladares, and Chief Financial Officer Mike Lisman. Please visit our website at transdigm.com to obtain a supplemental slide deck and call replay information. Before we begin, the company would like to remind you that statements made during this call which are not historical in fact are forward-looking statements.
For further information about important factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, please refer to the company's latest filings with the SEC available through the Investors section of our website or at sec.gov. The company would also like to advise you that during the course of the call, we will be referencing -- referring to EBITDA, specifically EBITDA as defined, adjusted net income and adjusted earnings per share, all of which are non-GAAP financial measures. Please see the tables and related footnotes in the earnings release for a presentation of the most directly comparable GAAP measures and applicable reconciliations. I will now turn the call over to Kevin.
Kevin Stein -- President and Chief Executive Officer
Good morning. Thanks for calling in today. First, I'll start off with the usual quick overview of our strategy, a few comments about the quarter and discussion of our outlook for the remainder of fiscal 2022. Then Jorge and Mike will give additional color on the quarter.
To reiterate, we are unique in the industry in both the consistency of our strategy in good times and bad as, well as our steady focus on intrinsic shareholder value creation through all phases of the aerospace cycle. To summarize, here are some of the reasons why we believe this. About 90% of our net sales are generated by unique proprietary products. Most of our EBITDA comes from aftermarket revenues, which generally have significantly higher margins and over any extended period have typically provided relative stability in the downturns.