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Mar 30, 2024
Transdigm Q2 2024 Earnings Report
Reported strong second quarter results driven by revenue growth and effective cost management.
Key Takeaways
TransDigm Group reported a 21% increase in net sales to $1,919 million and a 33% increase in net income to $404 million for the second quarter ended March 30, 2024. Adjusted earnings per share rose by 34% to $7.99. The company has revised its fiscal 2024 financial guidance upward, reflecting continued strong performance.
Net sales increased by 21% to $1,919 million compared to the prior year's quarter.
Net income increased by 33% to $404 million from the prior year's quarter.
Adjusted earnings per share grew by 34% to $7.99 compared to the prior year's quarter.
EBITDA As Defined margin improved to 53.2%.
Forward Guidance
TransDigm is raising its full year guidance to reflect strong second quarter results. Net sales are anticipated to be in the range of $7,680 million to $7,800 million. EBITDA As Defined is anticipated to be in the range of $3,995 million to $4,095 million.
Positive Outlook
- Net sales are anticipated to be in the range of $7,680 million to $7,800 million, an increase of 17.5% at the midpoint.
- Net income is anticipated to be in the range of $1,608 million to $1,686 million, an increase of 26.8% at the midpoint.
- Earnings per share is expected to be in the range of $26.06 to $27.40 per share, an increase of 21.3% at the midpoint.
- EBITDA As Defined is anticipated to be in the range of $3,995 million to $4,095 million, an increase of 19.1% at the midpoint.
- Adjusted earnings per share is expected to be in the range of $31.75 to $33.09 per share, an increase of 25.5% at the midpoint.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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