TransDigm Group reported a 9% increase in net sales to $1,279 million and a 103% increase in earnings per share to $3.58 for the fourth quarter of fiscal year 2021. The company's performance was driven by the recovery in commercial aftermarket revenues and a focus on cost management, leading to sequential expansion of the EBITDA As Defined margin.
Net sales increased by 9% year-over-year to $1,279 million.
Earnings per share from continuing operations rose by 103% to $3.58.
Adjusted earnings per share increased by 47% to $4.25.
EBITDA As Defined increased by 28% to $636 million, with a margin of 49.7%.
Given the considerable 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, the Company will not provide full fiscal year 2022 guidance at this time.
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