Loading...
•
Jul 03, 2021
Transdigm Q3 2021 Earnings Report
Transdigm's Q3 2021 results were unfavorably impacted by the COVID-19 pandemic but showed signs of recovery in commercial aerospace with increased vaccination rates and air traffic.
Key Takeaways
TransDigm Group Incorporated reported a 19% increase in net sales to $1,218 million and income from continuing operations of $317 million for the third quarter ended July 3, 2021. Adjusted earnings per share increased by 116% to $3.33, and the company generated $252 million in operating cash flow. The company divested the Technical Airborne Components business and ScioTeq and TREALITY Simulation Visual Systems businesses during the quarter.
Net sales increased by 19% to $1,218 million compared to the prior year's quarter.
Income from continuing operations rose to $317 million from a loss of $(5) million in the prior year's quarter.
Adjusted earnings per share increased by 116% to $3.33 from $1.54 in the prior year's quarter.
EBITDA As Defined margin was 45.9%, showing sequential improvement.
Forward Guidance
Given the considerable uncertainty around the extent and duration of business disruptions related to the COVID-19 pandemic, and how that will continue to impact operations, the Company will not provide fiscal year 2021 guidance at this time.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...