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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Fiscal 2020 financial guidance was withdrawn due to the COVID-19 pandemic.
Transdigm
Transdigm
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.