A replay of today's broadcast will be available for the next two weeks. Replay information is contained in this morning's press release and our website at transdigm.com.
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 Securities and Exchange Commission. These filings are available in the Investor section of our website or through the Securities Exchange Commission's website at sec.gov.
The Company would also like to advise you that during the course of the call, we will be 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 a reconciliation of EBITDA and EBITDA as defined, adjusted net income, and adjusted earnings per share to those measures.
Also please note that the slides that accompany today's release, can be found on our website, but will not be advanced automatically. You will need to manually advance them. We apologize for any inconvenience.With that, let me now turn the call over to Nick.Nicholas HowleyGood morning and thanks again for calling in to hear about our company. As usual, I’d like to start with some comments about our consistent strategy. I’ll also talk a little bit about the pending acquisition of AmSafe and our current status in the aerospace market, particularly how it applies to TransDigm.To reiterate, we believe our business model is unique in the industry, both in its consistency and its ability to sustain and create intrinsic shareholder value through all phases of the aerospace cycle. To summarize some of the reasons why we believe this and this is on Page 4 of the slide, about 90% of more of our net sales are generated by proprietary products, and around three-quarters of our sales come from products for which we are the sole source provider.
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