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Jun 27, 2020
Transdigm Q3 2020 Earnings Report
Transdigm's Q3 2020 earnings were significantly impacted by the COVID-19 pandemic, with sales declining and a loss from continuing operations reported.
Key Takeaways
TransDigm Group's Q3 2020 results were significantly impacted by the COVID-19 pandemic, resulting in a 32.8% decrease in net sales to $1,022 million and a loss from continuing operations of $(5) million. Despite these challenges, the company achieved an EBITDA As Defined margin of 41.5% through cost management.
Net sales decreased by 32.8% to $1,022 million compared to the prior year's quarter.
Loss from continuing operations was $(5) million.
Adjusted earnings per share decreased by 66.9% to $1.54.
EBITDA As Defined was $424 million, with a margin of 41.5%.
Transdigm
Transdigm
Forward Guidance
Fiscal 2020 financial guidance remains suspended due to COVID-19 pandemic.