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Dec 31, 2022
Transdigm Q1 2023 Earnings Report
Transdigm's Q1 2023 results were marked by revenue growth, increased profitability, and revised financial guidance.
Key Takeaways
TransDigm Group reported a strong first quarter for fiscal year 2023, with net sales increasing by 17% to $1,397 million and adjusted earnings per share rising by 53% to $4.58. The company's EBITDA As Defined margin improved to 50.0%, and it raised its full-year financial guidance due to these strong results and favorable trends in the commercial aerospace market.
Net sales increased by 17% year-over-year, reaching $1,397 million.
Adjusted earnings per share grew by 53% compared to the previous year's quarter, amounting to $4.58.
EBITDA As Defined margin improved to 50.0%, a 270 basis point increase from the prior year.
Fiscal year 2023 financial guidance was revised upward, reflecting strong first-quarter performance and positive market trends.
Forward Guidance
TransDigm raised its full year guidance primarily to reflect strong first quarter results and current expectations for the remainder of the fiscal year.
Positive Outlook
- Net sales are anticipated to be in the range of $6,070 million to $6,240 million.
- Net income from continuing operations is anticipated to be in the range of $1,080 million to $1,160 million.
- Earnings per share from continuing operations is expected to be in the range of $18.24 to $19.64 per share based upon weighted average shares outstanding of 57.1 million shares.
- EBITDA As Defined is anticipated to be in the range of $3,060 million to $3,160 million.
- Adjusted earnings per share is expected to be in the range of $21.47 to $22.87 per share.
Historical Earnings Impact
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