Transdigm Q3 2022 Earnings Report
Key Takeaways
TransDigm Group reported a 15% increase in net sales to $1,398 million for the third quarter ended July 2, 2022. The company's adjusted earnings per share rose by 46% to $4.85, and it declared a special cash dividend of $18.50 per share. However, income from continuing operations decreased by 24.6% to $239 million due to a higher effective tax rate and a pension settlement charge.
Net sales increased by 15% to $1,398 million compared to the prior year's quarter.
Adjusted earnings per share increased by 46% to $4.85 from $3.33 in the prior year's quarter.
The company declared a special cash dividend of $18.50 per share.
Organic sales growth was 16.7%.
Transdigm
Transdigm
Forward Guidance
TransDigm Group is not providing full fiscal year 2022 guidance due to the uncertainty around the extent and duration of business disruptions related to the COVID-19 pandemic and its impact on our primary commercial OEM and commercial aftermarket end markets.