Transdigm Q3 2021 Earnings Report
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.
Transdigm
Transdigm
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.