•
Jan 02, 2021
Transdigm Q1 2021 Earnings Report
Transdigm's Q1 2021 results were significantly impacted by the COVID-19 pandemic, but the EBITDA As Defined margin sequentially expanded due to careful cost management.
Key Takeaways
TransDigm Group reported a decrease in net sales by 24.4% to $1,108 million compared to the prior year's quarter. Income from continuing operations decreased by 78.6% to $50 million. Adjusted earnings per share were $1.97. The company's EBITDA As Defined margin was 42.8%.
Net sales decreased by 24.4% to $1,108 million.
Income from continuing operations was $50 million.
Adjusted earnings per share were $1.97.
EBITDA As Defined margin was 42.8%.
Transdigm
Transdigm
Forward Guidance
Given the considerable uncertainty around the extent and duration of business disruptions related to the COVID-19 pandemic, and how that will impact operations, the Company will not provide fiscal year 2021 guidance at this time.