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Apr 02, 2022
Transdigm Q2 2022 Earnings Report
Transdigm Group's Q2 2022 results reflected an increase in net sales and income from continuing operations, driven by the global commercial aerospace recovery.
Key Takeaways
TransDigm Group reported an 11% increase in net sales to $1,327 million and a 90% increase in income from continuing operations to $199 million for the second quarter ended April 2, 2022. Adjusted earnings per share rose by 50% to $3.86. The company repurchased $667 million of its stock during the quarter.
Net sales increased by 11% year-over-year to $1,327 million.
Income from continuing operations increased by 90% year-over-year to $199 million.
Adjusted earnings per share increased by 50% year-over-year to $3.86.
Company stock repurchased for $667 million during the quarter.
Transdigm
Transdigm
Forward Guidance
Due to continued uncertainty, the company has suspended providing full fiscal year 2022 guidance.