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Mar 28, 2020
Transdigm Q2 2020 Earnings Report
Transdigm reported an increase in net sales and net income, but withdrew its fiscal 2020 financial guidance due to the COVID-19 pandemic.
Key Takeaways
TransDigm Group reported a 23.5% increase in net sales to $1,443 million and a 61.5% increase in net income to $323 million for the second quarter of fiscal 2020. The company withdrew its fiscal 2020 financial guidance due to the COVID-19 pandemic.
Net sales increased by 23.5% to $1,443 million.
Net income from continuing operations increased by 61.5% to $323 million.
Earnings per share from continuing operations increased by 58.1% to $5.63.
Fiscal 2020 financial guidance was withdrawn due to the COVID-19 pandemic.
Forward Guidance
The Company withdrew its previously provided financial guidance for the fiscal year ending September 30, 2020, due to the unprecedented uncertainty around the ultimate impact of COVID-19 on global market and economic conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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